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TBK F1 Betting Competition (cancelled - don't have the time)
https://www.tbk-light.com/phpBB3/viewtopic.php?f=40&t=6766		 Page 1 of 3
Author:  Omega [ Mon May 30, 2011 10:59 am ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
As long as it's a game and not real money, I'm in
Author:  Shaddix [ Mon May 30, 2011 11:21 am ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
sounds cool!
Author:  ryan86 [ Mon May 30, 2011 12:04 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
Brings back bad memories of the last competition when I put it all on Kubica to win Canada, built massive lead, then put it all on one driver near the end as it wasn't real money and lost.
Author:  RtN [ Mon May 30, 2011 12:33 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
Dario Speedwagon wrote:
Hard finding a decent betting website, all the decent ones you gotta sign up and pay for an account just to see their odds.

Might just have to make them up as I go.


Yeah, just make it up yourself using your own opinions on however likely a particular driver doing something is.

That's more or less how everyone does it IRL.

Obviously the objective from your end should be to make it as hard as possible for everyone to 'win' without being prohibitive. For example, this was Ladbrokes' list of odds for winning the Monaco GP;

Vettel 10/11
Hamilton 4/1
Webber 5/1
Alonso 7/1
Button 14/1
Rosberg 25/1
Heidfeld 33/1
Massa 40/1
Schumacher 50/1
Petrov 50/1
etc.
Author:  Shaddix [ Mon May 30, 2011 12:34 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
10/11 how does that work? you give 11€ and if he wins you only get 10 back?
Author:  RtN [ Mon May 30, 2011 1:08 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
Yes, €10 plus your original €11 back.

Basically, the bookmaker is telling people not to put money on a Vettel win, as it is so predictable.
Author:  BrainPain [ Mon May 30, 2011 2:18 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
That can't be right. So you are saying if you bet 11 on Vettel, you will get 11+10 back? That is good odds for a Vettel win imo.
Author:  Shaddix [ Mon May 30, 2011 2:22 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
that's what made me confused
Author:  Schumifan [ Mon May 30, 2011 2:31 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
BrainPain wrote:
That can't be right. So you are saying if you bet 11 on Vettel, you will get 11+10 back? That is good odds for a Vettel win imo.


Er, not really. If you bet €11 on Hamilton, you'd get €44 plus your original €11 back.
Author:  ryan86 [ Mon May 30, 2011 9:13 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
On a LOL betting note, I had xx9.98 in online betting account, so to make it up to a nice round number I decided to put £2.00 on a draw at the cricket at 1/100 to make it xx0.00, only now I've got xx8.00
Author:  phil1993 [ Tue May 31, 2011 12:51 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
Dario Speedwagon wrote:
I'd just do monetary amounts, meaning Vettel would probably have $1.50 odds or something.

I'll create some odds later in the day


That sounds better. If you have something like
Vettel - 1.10
Hamilton - 1.60
Alonso - 2.00
Schumacher - 33.00

It makes it easier than 5/4 or whatever
Author:  phil1993 [ Wed Jun 01, 2011 10:44 am ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
Hey Scott, whats the odds on a Kamui podium?
Author:  aerogi [ Wed Jun 01, 2011 10:51 am ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
disregard... too many bets...
Author:  phil1993 [ Wed Jun 01, 2011 2:32 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
$50 on a Hamilton win (at $2.20)
$50 on Kobayashi on the podium (at $27)
$60 on 5-9 DNFs (at $2.80)

$840 remaining
Author:  aerogi [ Wed Jun 01, 2011 2:34 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
$50 for Schumacher Top 10

$100 for 5-9 DNF

$50 for 0 cars in the wall of champions

Left in the bank: $800
Author:  ryan86 [ Fri Jun 03, 2011 11:17 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
Are we allowed accumulators?
Author:  Fermani2 [ Sat Jun 04, 2011 12:40 am ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
Awesome idea Dario :thumbsup: ! How will you keep track of the 'bankaccounts' of the competitors?

$50 on Vettel before Webber (at $2.10)
$20 on Perez in the top 10 (at $1.70)
$80 on 5-9 DNFs (at $2.80)

That would mean I've got $850 left in my bank :D!
Author:  Scirocco [ Sat Jun 04, 2011 3:29 am ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
$50 on Maldonado top 10 $3.50
$50 on Button win $10
$250 on 0 cars crash in wall of champions $4.10

Cash left over : $650
Author:  ryan86 [ Sat Jun 04, 2011 7:31 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
An accumulator is where you put one bet on made of different parts.

So, say I thought that Webber would get pole, Vettel would win and Schumacher will score points. Instead of putting on three individual bets,, I put a bet on one bet where I require each of those parts to win. The odds are worked out by multiplying the individual odds together.
Author:  Shaddix [ Mon Jun 06, 2011 2:34 pm ]
Post subject:  Re: TBK F1 Betting Competition (in planning)
hmm, I might have to make an app to make some of these odd-adjustments etc. automatic :p

Perez Top 10: $70
Di Resta Top 10: $70
1-2 Cars in WoC: $60

Left over: 800
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