The basic component of the Perfect Unit is called the Shared Parlay. To understand what a Shared Parlay is, let's review what a regular parlay is. A regular parlay is a bet where all the winnings of the first bet are added to the second bet. For example, if we won a 3 unit bet, then the parlay bet would be a 6 unit bet. As we know though, with even chance bets, we have a 50/50 chance of winning each time. As this affects a parlay, it means that once we have won the first bet, that we will only win the second bet (the parlay attempt) on average every other time. (ie. 50/50).
How this looks in play can be summarized as +3 +6 (for a net win of +9) one time, and +3 -6 +3 +6 (for a net win of +6) the other time. So the collective profit for the two ways that we are going to achieve a successful parlay is +9 +6 = +15. This demonstrates a regular parlay.
Now our objective with a shared parlay is to (A) balance the amount won by each of the two different ways, thereby giving us more uniform results over the course of our play, (B) to increase the collective profit of the two ways, and (C) reduce our risk on unsuccessful parlay attempts. The accomplishment of these objectives thereby awarding us much more winning power overall.
If we were to re-allocate the winnings used for the second bets in the parlay attempts, we can accomplish all of our objectives at the same time!
Not possible you say? Well let's do this. Let's share 1 unit of the winnings used for the second bet in our first parlay attempt, and add it to the second bet on the second parlay attempt. Now the two ways that we are going to achieve a successful parlay can be summarized like this: +3 +5 (for a net win of +8) one time, and +3 -5 +3 +7 (for a net win of +8) the other time. What were our objectives again?
(A) balance the amount won by each of the two different ways, thereby giving us more uniform results over the course of our play. (B) to increase the collective profit of the two ways, and (C) reduce our risk on unsuccessful parlay attempts.
(A) (+8 +8) with the shared parlay versus (+9 +6) with the regular parlay....mission accomplished!
(B) +16 with the shared parlay versus +15 with the regular parlay....mission accomplished!
(C) +3 -5 = -2 and +3 -5 +3 -7 = -6 / = -8 with the shared parlay versus +3 -6 = -3 and +3 -6 +3 -6 = -6 / = -9 with the regular parlay....mission accomplished!
For anybody who thinks a 1 unit gain on 15 isn't substantial, it translates to just under a 7% increase on our winnings. Not too bad when you consider the average commission on even chance games is around 2%.
So to recap....5 unit second bets are made until one is lost. Once a 5 unit second bet is lost, a 7 unit second bet is used on the next parlay attempt. Regardless of whether the 7 unit second bet is won or lost, the cycle returns to a 5 unit second bet when the next parlay attempt comes up. Obviously, neither a 5 or 7 unit second bet comes into play until a 3 unit bet is first won preceding it.
This Shared Parlay is the first part of the Perfect Unit bet. I will type up the second part in the next post.