The Lois Bet is a popular sports betting strategy that involves placing a series of correlated bets on multiple games in order to increase the potential payout. By leveraging the correlation between different events, bettors can optimize their chances of success and maximize their winnings.
The Lois Bet is named after Lois DeFee, a professional sports bettor who first publicized the strategy in 1989. DeFee's method involves identifying a group of correlated games and placing a series of parlays and teasers on those games. By combining these different bet types, bettors can create a high-reward, high-risk betting system.
To place a Lois Bet, follow these steps:
Sport | Game Type | Correlation |
---|---|---|
Football | Division Rivals | 0.5-0.7 |
Basketball | Same Conference | 0.4-0.6 |
Baseball | Same Division | 0.3-0.5 |
Hockey | Same Division | 0.4-0.6 |
Bet Type | Description | Example |
---|---|---|
Parlay | Multiple bets combined into one wager | Team A wins, Team B wins, Team C wins |
Teaser | Bet where the point spread or total is adjusted | Team A -6.5 points becomes Team A -3.5 points |
Half-Time Bet | Bet on the second half of a game | Team A wins the second half |
Strategy | Description | Impact |
---|---|---|
Betting Budget | Set a maximum amount to wager | Limits potential losses |
Gradual Betting | Increase bet size after each win | Can exponentially increase winnings |
Event Stop Loss | Stop betting after a certain number of losses | Prevents prolonged losing streaks |
Q: What is the best way to identify correlated games?
A: Use a correlation matrix or consider games from the same division or conference.
Q: Can I use other bet types besides parlays and teasers?
A: Yes, you can include straight bets or prop bets as part of your Lois Bet strategy.
Q: How much should I bet on each game?
A: Determine the size of your bet based on your betting budget and risk tolerance.
Q: What is the average return on a Lois Bet?
A: The return on a Lois Bet can vary significantly depending on the odds and number of games involved. However, it's common to see returns of 10-25% over time.
Q: Is the Lois Bet a guaranteed way to win?
A: No, there is no guaranteed way to win in sports betting. However, the Lois Bet can help increase your chances of success by leveraging correlation.
Q: How can I improve my odds of winning with the Lois Bet?
A: Research teams, monitor injuries, and use a well-defined betting strategy to maximize your winnings.
Ready to start using the Lois Bet to win big in sports betting? Follow the strategies and tips outlined in this article, and you'll be well on your way to maximizing your earnings and enjoying the thrill of sports betting.
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