NBA Draft Lottery odds

[1911Alaska]

So who here likes to bet? I am trying to decide if I should throw $50 on the top 6 teams with the highest odds for tonight.
Below is what the payout would be, I would be losing money if the Bucks, 76ers, or Magic won, below is the bet and payout for the top 6 teams that I am debating on placing.

Bucks Risk $50 win $137.50
76ers Risk $50 win $175
Magic $50 win $250
Jazz Risk $50 win $450
Celtics risk $50 win $450
Lakers risk win $700

So in short I am risking $300, ($50 on 6 teams) and as long as one of those teams hit I won't lose to much money, as long as 3-6 teams win I make profit.

What do you guuys think? Go or no go?

 

[gordontrue]

There is only about a 25% chance that one of the 3-6 teams win it, so you'd most likely lose money. Your chances of losing all your money is very, very low, but possible.

Worse case scenario (that is probable) you lose $160, best case you win $400. If winning $150-$400 while risking $50-$150 dollars for a 25% chance sounds ok with you then go for it.

 

[Johnnydollaz89]

Risky bet is the 76ers or Bucks win. Taking a $50 hit for the Magic winning, isn't too bad.

You need the Jazz to win.

 

[gordontrue]

36% chance of losing $125-$160
25% chance of losing $50
20% chance of winning $150
6% chance of winning $400
13% chance of losing $300

 

[1911Alaska]

Thanks guys, I went a head and bet $20 on the top 5 teams and chose not to bet on the Lakers. Less reward but less money so not a big deal at all.

 

[1911Alaska]

Lost it all, owell. Only $100 total. Glad I didn't bet $50 lol