jeepis Posted August 23, 2009 Report Share Posted August 23, 2009 $95.00 YB Sol (1.25) v (3.70) Max Marak $71.00 If YB Sol wins then you pay out $23.75 ($118.75-$95) and take in $71 = net profit $47.25 If Max Marak wins then you pay out $191.70 ($262.70-$71) and take $95 = net loss $96.70 Oh, thanks, I'm an idiot... Anyway, to all of those who say I should adjust the odds, what do you mean? Do I have to make it more even? Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2009 Report Share Posted August 23, 2009 I went with Sol and Wood I win Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 23, 2009 Report Share Posted August 23, 2009 I win Unlike OliWood, I had Wood as the favorite in the odds.... Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2009 Report Share Posted August 23, 2009 i won both Quote Link to comment Share on other sites More sharing options...
OliWood Posted August 23, 2009 Author Report Share Posted August 23, 2009 Haha! Oh well! It seems to be working fine, even if it was my first one and I did some mistakes... I've added WEC 43's main-event, place your bets! If you guys want me to put some big fight in the Tycoon World, just ask it, i'll put it! Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 24, 2009 Report Share Posted August 24, 2009 Haha! Oh well! It seems to be working fine, even if it was my first one and I did some mistakes... I've added WEC 43's main-event, place your bets! If you guys want me to put some big fight in the Tycoon World, just ask it, i'll put it! How did event turn out for you, did make profit? Quote Link to comment Share on other sites More sharing options...
Guest Posted August 24, 2009 Report Share Posted August 24, 2009 Unlike OliWood, I had Wood as the favorite in the odds.... I noticed one had Woods as the underdog so i bet with them Quote Link to comment Share on other sites More sharing options...
OliWood Posted August 24, 2009 Author Report Share Posted August 24, 2009 How did event turn out for you, did make profit? I made 118 bucks! Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 24, 2009 Report Share Posted August 24, 2009 I made 118 bucks! I made 90... But, considering how much you had in pending bets and how little I had... We still have a lot to learn about setting the odds, though. Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 24, 2009 Report Share Posted August 24, 2009 People! Go to "First Canadian Bookies" and bet on UFC 102, PRIDE 33 and Kings of Rio 30! The link is in mah' sig! Quote Link to comment Share on other sites More sharing options...
backelie Posted August 24, 2009 Report Share Posted August 24, 2009 People! Go to "First Canadian Bookies" and bet on UFC 102, PRIDE 33 and Kings of Rio 30! The link is in mah' sig! If bookies weren't so crippled people could make a killing on KoR 30, Across the Board has a couple of your favourites as serious underdogs. I made the mistake of betting at your reasonable odds before he put his wacky ones up. I think not allowing people to bet on the same fight at different bookies is a big mistake. Set a cap on total bet per fight (sum of all bets on one fight at different bookies) instead. It will help bookies move away from ridiculous odds sooner. The way it is now the bookies can get away with big gambles themselves and I don't think that should be encouraged. With bets on both sides allowed bookies will effectively be betting against other bookies when picking the wrong fighter as favourite, which both makes more sense, and mirrors real life. Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 24, 2009 Report Share Posted August 24, 2009 If bookies weren't so crippled people could make a killing on KoR 30, Across the Board has a couple of your favourites as serious underdogs. I made the mistake of betting at your reasonable odds before he put his wacky ones up. I changed mine to whacky ones aswell, since I need some people to bet on the losers, too... Quote Link to comment Share on other sites More sharing options...
DougSupreme Posted August 24, 2009 Report Share Posted August 24, 2009 I changed mine to whacky ones aswell, since I need some people to bet on the losers, too... yeah, mine (Across the Board) started at even odds, and I changed them periodically to reflect the imbalance in betting. Trying to force people to bet both sides of the line. I guess I'll find out if I'm doing it right or wrong. Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 24, 2009 Report Share Posted August 24, 2009 yeah, mine (Across the Board) started at even odds, and I changed them periodically to reflect the imbalance in betting. Trying to force people to bet both sides of the line. I guess I'll find out if I'm doing it right or wrong. People still aren't ballancing out at mine yet. I think I might have to raise the bookies stake after all, just so I would get more steady income. I'll decide after the 29th. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 24, 2009 Report Share Posted August 24, 2009 If bookies weren't so crippled people could make a killing on KoR 30, Across the Board has a couple of your favourites as serious underdogs. I made the mistake of betting at your reasonable odds before he put his wacky ones up. I think not allowing people to bet on the same fight at different bookies is a big mistake. Set a cap on total bet per fight (sum of all bets on one fight at different bookies) instead. It will help bookies move away from ridiculous odds sooner. The way it is now the bookies can get away with big gambles themselves and I don't think that should be encouraged. With bets on both sides allowed bookies will effectively be betting against other bookies when picking the wrong fighter as favourite, which both makes more sense, and mirrors real life. I agree with this 100%. If I bet at Bookie A with decent odds, then I get much much better odds at Bookie B, I should be able to have bets at both places. Quote Link to comment Share on other sites More sharing options...
WOG Posted August 26, 2009 Report Share Posted August 26, 2009 Question....Trying to figure this out. I bet on YB Sol to win. Bet $5 and won $1.25? Shouldn't I get what I put in plus the extra at a 1.25 odd rating Quote Link to comment Share on other sites More sharing options...
Guest Posted August 26, 2009 Report Share Posted August 26, 2009 whats the story at the moment is there only 3 bookies can i set one up , or are they still in trail or something Quote Link to comment Share on other sites More sharing options...
Guest Posted August 26, 2009 Report Share Posted August 26, 2009 how about do MIFC lhw tourney Quote Link to comment Share on other sites More sharing options...
Guest Posted August 26, 2009 Report Share Posted August 26, 2009 Question....Trying to figure this out. I bet on YB Sol to win. Bet $5 and won $1.25? Shouldn't I get what I put in plus the extra at a 1.25 odd rating Your profit was 1.25, so you got a total of 6.25 back. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 26, 2009 Report Share Posted August 26, 2009 yeah I wouldn't mind knowing when the trail was gonna be over for this as well if its over by the 28th one of your guys should do the TFC event that day Quote Link to comment Share on other sites More sharing options...
OliWood Posted August 26, 2009 Author Report Share Posted August 26, 2009 We are taking bets on Synchronicity and CFC's coming shows, now. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 27, 2009 Report Share Posted August 27, 2009 Interesting you both have Nog and Silva as the underdogs (and First Canadian Bookies seems to have all odds the tiniest bit higher lol) Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 27, 2009 Report Share Posted August 27, 2009 Interesting you both have Nog and Silva as the underdogs (and First Canadian Bookies seems to have all odds the tiniest bit higher lol) Oh, these were the default odds made by real bookies. I didn't want to change them. About the odds being higher, maybe he raised the bookies stake, I don't know. Quote Link to comment Share on other sites More sharing options...
WOG Posted August 27, 2009 Report Share Posted August 27, 2009 Your profit was 1.25, so you got a total of 6.25 back. You would think that but this is what it shows: Event Date Total bet Odds Bet on Opponent W/L/D Profit/Loss CFC 50: Celebration 2009-08-23 $5.00 1.25 YB Sol Max Marak Won $1.25 I profited $1.25 Quote Link to comment Share on other sites More sharing options...
DougSupreme Posted August 27, 2009 Report Share Posted August 27, 2009 You would think that but this is what it shows: Event Date Total bet Odds Bet on Opponent W/L/D Profit/Loss CFC 50: Celebration 2009-08-23 $5.00 1.25 YB Sol Max Marak Won $1.25 I profited $1.25 yes, you Profited $1.25. That's how much you won, after your original stake was returned to you. Quote Link to comment Share on other sites More sharing options...
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