OliWood Posted August 23, 2009 Author Report Share Posted August 23, 2009 Thanks for saying, now, you can place bets on UFC 102, I haven't activated it, that's why. Now it's up! Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2009 Report Share Posted August 23, 2009 Do the bookies get a guaranteed vig? Quote Link to comment Share on other sites More sharing options...
OliWood Posted August 23, 2009 Author Report Share Posted August 23, 2009 I've putted odds for every fight on the CFC 50 card, but it doesn't seem to have taken them, maybe I fucked something up, I'll leave them like that, for the test, and because it's my mistake! Quote Link to comment Share on other sites More sharing options...
MMATycoon Posted August 23, 2009 Report Share Posted August 23, 2009 Do the bookies get a guaranteed vig? A what? Â Â @ Oli - you can change odds after you post. People who already bet get the odds when they placed the bets. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2009 Report Share Posted August 23, 2009 Bookie question: Why can't I bet on both fighters at different places. I'd like to spread my bets around a bit depending on who gives what odds for a fight to hopefully minimize losses, but I'm currently unable to bet on fighter A at Bookie 1, then fighter B at Bookie 2. Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 23, 2009 Report Share Posted August 23, 2009 Bookie question: Why can't I bet on both fighters at different places. I'd like to spread my bets around a bit depending on who gives what odds for a fight to hopefully minimize losses, but I'm currently unable to bet on fighter A at Bookie 1, then fighter B at Bookie 2. Â It's only fair that you can't. Quote Link to comment Share on other sites More sharing options...
Rambo Posted August 23, 2009 Report Share Posted August 23, 2009 It's only fair that you can't. Â well shhhhhhhhhhhhhhhh. Cuz I did lol or your betting place took my money! Quote Link to comment Share on other sites More sharing options...
MMATycoon Posted August 23, 2009 Report Share Posted August 23, 2009 I would hope that you didnt cos it's not supposed to let you. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2009 Report Share Posted August 23, 2009 A what? http://en.wikipedia.org/wiki/Vigorish  Its a percent of the winnings, I think he is asking how bookmakers will make money.  Quote Link to comment Share on other sites More sharing options...
Rambo Posted August 23, 2009 Report Share Posted August 23, 2009 I would hope that you didnt cos it's not supposed to let you. Â I sure as hell tried to. But it only shows that I made 2 bets (CFC) but said the amount that I bet was $20. If you can only make $5 bets, it shoulda been $10. Now it's way past $20 because I've bet on a lot of UFC 102 fights. Quote Link to comment Share on other sites More sharing options...
MMATycoon Posted August 23, 2009 Report Share Posted August 23, 2009 If you're looking at pending bets at the top of the page, that's the total pending bets for the bookies, not you. Your betting history and pending bets is further down the page. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2009 Report Share Posted August 23, 2009 I would hope that you didnt cos it's not supposed to let you. Why can't we do multiple bets at different bookies? If one guy sets marak at +650, and another sets YB Sol at -100, I'd like to be able to take advantage of the different odds set by different bookies by betting on both of them. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2009 Report Share Posted August 23, 2009 I made some bets, I took Sol and Wood O_O Quote Link to comment Share on other sites More sharing options...
OliWood Posted August 23, 2009 Author Report Share Posted August 23, 2009 If Marak wins tomorrow, it's gonna cost me a lot. Â GO SOL GO! Haha! Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 23, 2009 Report Share Posted August 23, 2009 If Marak wins tomorrow, it's gonna cost me a lot. GO SOL GO! Haha! Same here, man. Not as much as it will cost for you, but still... At least, we can't go completely bankrupt thanks to the buffer. Quote Link to comment Share on other sites More sharing options...
MMATycoon Posted August 23, 2009 Report Share Posted August 23, 2009 Why can't we do multiple bets at different bookies? If one guy sets marak at +650, and another sets YB Sol at -100, I'd like to be able to take advantage of the different odds set by different bookies by betting on both of them. Primarily so that people can't bet lots of money on any fight - the bet limit is $250 which makes fight fixing largely pointless. I don't want the bookies to turn into an endless quest to dig out cheaters, so by keeping the numbers relatively low, it's still fun for everyone who play properly but also pretty much pointless for people who cheat. Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 23, 2009 Report Share Posted August 23, 2009 Added 2 more events to bet on. The main event title bout of Pride 33: Powerhouse and the full Kings of Rio 30 - The Sickness event. The link is in mah' sig. Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2009 Report Share Posted August 23, 2009 Go Marak and Zizzmen Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 23, 2009 Report Share Posted August 23, 2009 I think I might have to raise the bookies stake to make any money, because, according to my calculation, I lose money, even if Sol wins. What do you think, OliWood? Quote Link to comment Share on other sites More sharing options...
MMATycoon Posted August 23, 2009 Report Share Posted August 23, 2009 I think I might have to raise the bookies stake to make any money, because, according to my calculation, I lose money, even if Sol wins. What do you think, OliWood? It's impossible to lose on both outcomes unless you changed the odds a lot during the time people place bets. Â Quote Link to comment Share on other sites More sharing options...
jeepis Posted August 23, 2009 Report Share Posted August 23, 2009 It's impossible to lose on both outcomes unless you changed the odds a lot during the time people place bets. Didn't change the odds. But you can log in through my account can't you? You can take a look at it. Less people bet on Max Marak, so if Sol wins, my income is like 80$, but I lose 100-something. If Marak wins, my income is like 90$ and I lose almost 300 bucks. Or maybe I'm stupid, I dunno... Also, if everyone would bet on the winner and no one would bet on the loser, I would only lose money, wouldn't I? Quote Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2009 Report Share Posted August 23, 2009 will bookies be following suit to real life bookies and if a flood of money falls on a fighter be shifting their odds to reflect it. Â Also on the in game event betting are we not opening the door to the possibility of cheating, fixed fights etc. People agreeing fees secretly to put there guy in with poor game plans or maybe fatigued etc. Leading to people flooding large sums in and making money from fixing and at the same time rinsing the bookie out of serious cash. Â I mean it happens in real life. Quote Link to comment Share on other sites More sharing options...
MattyBlayze Posted August 23, 2009 Report Share Posted August 23, 2009 Didn't change the odds. But you can log in through my account can't you? You can take a look at it. Less people bet on Max Marak, so if Sol wins, my income is like 80$, but I lose 100-something. If Marak wins, my income is like 90$ and I lose almost 300 bucks. Or maybe I'm stupid, I dunno... Also, if everyone would bet on the winner and no one would bet on the loser, I would only lose money, wouldn't I? Â You do realize that your whole job as a bookie is to set the odds so that you have even profit/loss on both sides of the fight, right? Â Bookies release odds based on how they think the betting public will bet so that they ensure they do not win or lose too much money - if there appears to be significant action on one side or the other, the bookie will adjust the odds to compensate. Quote Link to comment Share on other sites More sharing options...
MMATycoon Posted August 23, 2009 Report Share Posted August 23, 2009 Didn't change the odds. But you can log in through my account can't you? You can take a look at it. Less people bet on Max Marak, so if Sol wins, my income is like 80$, but I lose 100-something. If Marak wins, my income is like 90$ and I lose almost 300 bucks. Or maybe I'm stupid, I dunno... Also, if everyone would bet on the winner and no one would bet on the loser, I would only lose money, wouldn't I? Â Â $95.00 YB Sol (1.25) v (3.70) Max Marak $71.00 Â 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 Quote Link to comment Share on other sites More sharing options...
MeleeG Posted August 23, 2009 Report Share Posted August 23, 2009 For all you bookies, all you need to know is: Upsets are bad, favorites = money. Quote Link to comment Share on other sites More sharing options...
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