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Reds vs Indians....Game 1

Home ▸ Archive ▸ Pro Sports ▸ Reds vs Indians....Game 1
Laley23's avatar

Laley23

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Jun 25, 2010 10:52 PM
1 in 2 odds is basically: Bet 1$ to win 2$. So you get twice as much as you put in.

Had it been 2:1 it would be 2$ won for every 1$ bet.

So 20-1 odds are a longshot, while 1-20 is like a given.
Jun 25, 2010 10:52pm
Ironman92's avatar

Ironman92

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49,363 posts
Jun 25, 2010 10:52 PM
so what would be the purpose of putting money on odds of 2:3?

If I put 10 on my account would go down by 10 bucks....then I win and only get $6.67 put back on? Is that correct?
Jun 25, 2010 10:52pm
ts1227's avatar

ts1227

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12,319 posts
Jun 25, 2010 10:53 PM
Ironman92;401742 wrote:Is 1:2 the same as 1 in 2 chance? If so the $10 on a 1 in 2 chance would return $20 wouldn't it?

2:1 would be $5?

Someone keep helping on the exact terminology? This Reds win was a 1 in 2 odds.....I bet 10 and won 20....where am I gettingl ost or messing up?
Other way around, 2:1 would pay 20, 1:2 would pay 5

You had the Reds set as 2:1, so it would pay 20 on a 10 bet, the Indians were 4:1, and it would pay 40

Treat the colon as a division symbol, the bet will pay that much... 2:1, or 2/1... pays 2x the bet. 1:2, or 1/2, pays 0.5x the bet (and you would be a retard for making such a bet because you can't win shit on it).

2:3 would be just as you said, you'd only get 2/3 of your money back if you win.
Jun 25, 2010 10:53pm
Ironman92's avatar

Ironman92

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49,363 posts
Jun 25, 2010 10:54 PM
there you go laley...putting things in the correct wording for the student to understand


Thank You.....I know enough now not to irritate.

Thanks again.
Jun 25, 2010 10:54pm
Laley23's avatar

Laley23

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Jun 25, 2010 10:55 PM
Also, you have to make sure that you have it set so you get your money bet back PLUS the winnings. So a 2:1 bet that you put 10 dollars on would actually have winnings of 20 bucks, but a PAYOUT of 30 bucks...
Jun 25, 2010 10:55pm
Ironman92's avatar

Ironman92

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49,363 posts
Jun 25, 2010 10:55 PM
Either I can't read and comprehend...which is quite possible or laley and ts1227 are giving differing answers........


UGH
Jun 25, 2010 10:55pm
ts1227's avatar

ts1227

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12,319 posts
Jun 25, 2010 10:56 PM
Ironman92;401753 wrote:Either I can't read and comprehend...which is quite possible or laley and ts1227 are giving differing answers........


UGH

Take what I said, then apply Laley's last bit of info right below it.
Jun 25, 2010 10:56pm
Laley23's avatar

Laley23

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29,506 posts
Jun 25, 2010 10:57 PM
Ironman92;401753 wrote:Either I can't read and comprehend...which is quite possible or laley and ts1227 are giving differing answers........


UGH

No he is right. I tried to say that, but accidentally put the same winnings for different bets. I deleted it though.
Jun 25, 2010 10:57pm
Ironman92's avatar

Ironman92

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Jun 25, 2010 10:57 PM
I'm not sure I saw a place to put the winning PLUS the initial bet back.....but that explains why someone who bet 25 thought they won 75....they did but they only netted 50 as 25 was already spent on the initial bet.
Jun 25, 2010 10:57pm
Laley23's avatar

Laley23

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Jun 25, 2010 10:58 PM
ts1227;401754 wrote:Take what I said, then apply Laley's last bit of info right below it.

YAY for TEAMWORK!!!
Jun 25, 2010 10:58pm
ts1227's avatar

ts1227

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12,319 posts
Jun 25, 2010 10:58 PM
I think the system figures that in. I was down to 250 vbucks, only bet 50, and now have 400.

All you have to do is set the odds.


I've bet too many horse races at my young age... haha
Jun 25, 2010 10:58pm
Laley23's avatar

Laley23

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Jun 25, 2010 10:59 PM
yeah, you have to get the initial bet back, otherwise the odds that dont payback equal money the (1:2) wouldnt ever win anything.
Jun 25, 2010 10:59pm
Ironman92's avatar

Ironman92

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Jun 25, 2010 11:00 PM
I still don't get why there is ever a 2:3 bet....if you can't increase...unless of course you get your 10 back PLUS the $6.67


I don't think that is an option in this vbooky.....I'll look next time.

I've got it now guys...thanks for correcting each other and we'll move on now. lol
Jun 25, 2010 11:00pm
Glory Days's avatar

Glory Days

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7,809 posts
Jun 25, 2010 11:00 PM
Ironman92;401757 wrote:I'm not sure I saw a place to put the winning PLUS the initial bet back.....but that explains why someone who bet 25 thought they won 75....they did but they only netted 50 as 25 was already spent on the initial bet.

haha yeah i knew that, but i like to make it seem like i won more!
Jun 25, 2010 11:00pm
Ironman92's avatar

Ironman92

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49,363 posts
Jun 25, 2010 11:02 PM
It is figured in.....but the winnings column just doubles the 2/1 odds...I won 20 but raised my account 30....the big shot keebler should be at 1500 now...
Jun 25, 2010 11:02pm
ts1227's avatar

ts1227

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12,319 posts
Jun 25, 2010 11:02 PM
Ironman92;401762 wrote:I still don't get why there is ever a 2:3 bet....if you can't increase...unless of course you get your 10 back PLUS the $6.67


I don't think that is an option in this vbooky.....I'll look next time.

I've got it now guys...thanks for correcting each other and we'll move on now. lol
if you bet 10 on a 2:3, your total winnings would be your bet of 10, plus 6.67, for 16.67

vBookie looks to automatically figure that in, as I look at what people have bet and their totals (including myself)

All you have to do is set odds, it does the math.

2:3 would be something you offered for some really lopsided competition where the winner is fairly obvious. That way people who take the easy money don't win shit.
Jun 25, 2010 11:02pm
Ironman92's avatar

Ironman92

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Jun 25, 2010 11:04 PM
I was happy I just had to checkmark which one won instead of going thru each account individually....saved a lot of time!
Jun 25, 2010 11:04pm
Laley23's avatar

Laley23

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Jun 25, 2010 11:07 PM
ts1227;401768 wrote:
2:3 would be something you offered for some really lopsided competition where the winner is fairly obvious. That way people who take the easy money don't win shit.

And when the upset happens your a rich, rich man.
Jun 25, 2010 11:07pm
Ironman92's avatar

Ironman92

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Jun 25, 2010 11:16 PM
I understand why since it adds it on to the bet you placed giving you both back


I just did one of those on the Brock Lesnar and Shane Carwin fight.......and I did another won that is a little more intense....hopefully the odds aren't so that you win no matter what....one of you guys check it?
Jun 25, 2010 11:16pm
Ironman92's avatar

Ironman92

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Jun 25, 2010 11:19 PM
it's fine since I made 10 options and the number of the odds much smaller than my Rolen extravganza


you learn something new everyday if you pay attention
Jun 25, 2010 11:19pm
Laley23's avatar

Laley23

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Jun 25, 2010 11:21 PM
haha, looks good. The Rolen thing was great. IF you hadnt added the he wont hit one till after Cubs series you wouldve been fine actually. Cause that wouldve been the (Non)-option that negated anyone winning anything.
Jun 25, 2010 11:21pm
Ironman92's avatar

Ironman92

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Jun 25, 2010 11:22 PM
or if I chose the only bet once button!
Jun 25, 2010 11:22pm
Laley23's avatar

Laley23

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Jun 25, 2010 11:24 PM
Ironman92;401787 wrote:or if I chose the only bet once button!

yeah, that also. You can even do that with like 5 bets allowed.
Jun 25, 2010 11:24pm
Ironman92's avatar

Ironman92

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Jun 25, 2010 11:26 PM
you lost me there
Jun 25, 2010 11:26pm
Laley23's avatar

Laley23

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Jun 25, 2010 11:31 PM
like, you had I think 10 options right? If you allow just 5 bets (more than the 1 but less than no limit) you still have the 50/50 chance that the person doesnt choose the correct date. As in, they cant safley hedge their bets completely. There is still a chance if they bet on 5 of the 10 options they lose all 5.
Jun 25, 2010 11:31pm