Ultimate Fight Night 23 Betting Preview
With Ultimate Fight Night 23 - Fight For The Troops 2 quickly approaching, it's time to take a look at how the card shapes up in terms of legal wagering and the best chances for a decent payout on the night.
Being there is no underdog on the card worthy of the "Underdog Pick Of The Night", we will cover the use of a "parlay" in MMA betting when there are more than one heavy or otherwise solid favorites on the card in question.
When betting the underdog, normally it is advisable to stay with the main and co-main events, as they have shown to be roughly 50/50 in terms of the underdog winning over the favorite.
When using the parlay to string together multiple solid picks though, I occasionally look at other fights on the main card also.
As usual, much of your final choice of what fights or fighters you place bets on is determined by your gut instinct as a knowledgeable fight fan.
When using the parlay, you generally want to find 2 or more favorites to string together as one bet, thus raising the payout to a level that is worth the risk. This compared to risking $5 dollars to win $1 on single favorite for example.
Making streaky bets on favorites all the time is not the way to long term incremental gains, which is really what building a bankroll is all about.
Obviously the more fights you parlay the higher the payout. And hitting on 4 fights is definitely feasible, as I myself have done it twice. That said, I generally like to keep my risk a bit lower than that by staying with 3 fights at most. And once again, it really comes down to breaking down the card and spotting the best combination of fights.
There are 3 favorites on the Saturday night UFN 23 card that are worth discussing and possibly betting on. They are Mark Hominick over George Roop, Pat Barry over Joey Beltran, and Mike Brown over Rani Yahya.
All fighters are solid picks and have a great shot of getting wins against their respective opponents.
I don't feel as confident in the other solid favorites on the card including Evan Dunham, Matt Mitrione, Yves Edwards, and Cole Miller. Either because of the fighters themselves or their opponents.
If successful with a parlay including wins for Barry, Hominick, and Brown, your return would be $1.54 on a $1 wagered. This would mean a profit of $7.68 on a $5 bet and $15.36 on a $10 bet.
Not bad for the likelihood of these fighters winning.
I personally would choose the more conservative approach of parlaying wins for only Pat Barry and Mike Brown.
Pat "HD" Barry comes in as a -250 as the heavy favorite. As a single bet, your return on Barry would only be $1 for every $2.50 wagered. Mike Brown comes in as the biggest favorite at a -340 earning you only $1 for every $3.40 wagered.
Not worth it individually.
Both are solid bets when used together via the parlay though, as this would earn winnings of 0.81 cents on every $1 dollar risked and $4.06 for every $5.
And in staying with the most basic guideline, never risk more than 2-3% of your total bankroll.
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See you at the fights!