Laley23
Posts: 29,506
Jun 25, 2010 10:52pm
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.
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.
Ironman92
Posts: 49,363
Jun 25, 2010 10:52pm
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?
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?
ts1227
Posts: 12,319
Jun 25, 2010 10:53pm
Other way around, 2:1 would pay 20, 1:2 would pay 5Ironman92;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?
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.
Ironman92
Posts: 49,363
Jun 25, 2010 10:54pm
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.
Thank You.....I know enough now not to irritate.
Thanks again.
Laley23
Posts: 29,506
Jun 25, 2010 10:55pm
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...
Ironman92
Posts: 49,363
Jun 25, 2010 10:55pm
Either I can't read and comprehend...which is quite possible or laley and ts1227 are giving differing answers........
UGH
UGH
ts1227
Posts: 12,319
Jun 25, 2010 10:56pm
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.
Laley23
Posts: 29,506
Jun 25, 2010 10:57pm
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.
Ironman92
Posts: 49,363
Jun 25, 2010 10:57pm
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.
Laley23
Posts: 29,506
Jun 25, 2010 10:58pm
ts1227;401754 wrote:Take what I said, then apply Laley's last bit of info right below it.
YAY for TEAMWORK!!!
ts1227
Posts: 12,319
Jun 25, 2010 10:58pm
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
All you have to do is set the odds.
I've bet too many horse races at my young age... haha
Laley23
Posts: 29,506
Jun 25, 2010 10:59pm
yeah, you have to get the initial bet back, otherwise the odds that dont payback equal money the (1:2) wouldnt ever win anything.
Ironman92
Posts: 49,363
Jun 25, 2010 11:00pm
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
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
Glory Days
Posts: 7,809
Jun 25, 2010 11:00pm
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!
Ironman92
Posts: 49,363
Jun 25, 2010 11:02pm
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...
ts1227
Posts: 12,319
Jun 25, 2010 11:02pm
if you bet 10 on a 2:3, your total winnings would be your bet of 10, plus 6.67, for 16.67Ironman92;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
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.
Ironman92
Posts: 49,363
Jun 25, 2010 11:04pm
I was happy I just had to checkmark which one won instead of going thru each account individually....saved a lot of time!
Laley23
Posts: 29,506
Jun 25, 2010 11:07pm
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.
Ironman92
Posts: 49,363
Jun 25, 2010 11:16pm
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?
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?
Ironman92
Posts: 49,363
Jun 25, 2010 11:19pm
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
you learn something new everyday if you pay attention
Laley23
Posts: 29,506
Jun 25, 2010 11:21pm
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.
Ironman92
Posts: 49,363
Jun 25, 2010 11:22pm
or if I chose the only bet once button!
Laley23
Posts: 29,506
Jun 25, 2010 11:24pm
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.
Ironman92
Posts: 49,363
Jun 25, 2010 11:26pm
you lost me there
Laley23
Posts: 29,506
Jun 25, 2010 11:31pm
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.