But let’s say – in some crazy alternate reality – that you saw the Cleveland Indians’ AL-record 21-game win streak coming and you decided to bet just $100 at the start. How much money would you have today? Well, according to Las Vegas sportsbooks, you’d be a millionaire.
If some bettor had hypothetically placed a $100 bet on the Indians on Aug. 24 and let that bet ride through Sept. 13, this bettor would currently have $1,179,048. He broke down the bets in an incredible game-by-game chart.
The concept of “letting it ride” is basically an ongoing parlay. So while this bettor started with a $100 bet on Game 1, by Game 21, he or she would be putting $884,286 on the line. That would be a ridiculously risky – and borderline insane – thing to do when you started at $100. This bettor would risk losing out on everything with an Indians loss.
But, of course, hindsight never loses.