The Rally Scooby betting thread
01-21-2004, 07:47 PM
#1
Registered User
Thread Starter
iTrader: (2)
Join Date: Mar 2003
Location: Mantana, where the men are men and so are the women
Posts: 1,636
Car Info: '03 red legacy
The Rally Scooby betting thread
OK, so here we can run a pool on every rally of the year. just pick your favorite driver/codriver team. i geuss we could assign per rally what you've gotta wager or i geuss we could just make it one set ante, ie; 40 snacks per rally....
01-21-2004, 08:00 PM
#3
How does this work exactly? Just curious who I pay, or who pays me at the end of the rally.
I'll throw 40 on the outside chance of Martin/Park finishing first in Monte Carlo.
I'll throw 40 on the outside chance of Martin/Park finishing first in Monte Carlo.
01-21-2004, 08:59 PM
#4
Pr0n King
iTrader: (3)
Join Date: Nov 2002
Location: The Land of Rocks
Posts: 26,618
Car Info: Turncoat Turbo
I'm with Loeb too... This is a great idea. Just like nKoan, I'd like to know how it's going to work also...
__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
01-23-2004, 09:24 PM
#5
Pr0n King
iTrader: (3)
Join Date: Nov 2002
Location: The Land of Rocks
Posts: 26,618
Car Info: Turncoat Turbo
Just to clarify, I'll throw 40 in for Loeb to win.
__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote
01-26-2004, 03:31 PM
#9
Registered User
Thread Starter
iTrader: (2)
Join Date: Mar 2003
Location: Mantana, where the men are men and so are the women
Posts: 1,636
Car Info: '03 red legacy
yeah, that is the way it should work. i'm sorry, i really should have explained. you wager how much you are willing to bet on your who you think will win the rally betting is on. we should decide on a minimum bet but you can bet anything over that as well. once everyone is in, you work out the odds. which work like this
Dropkick Muppet and IS2Scooby on Loeb - 40 each. = 80 on loeb
nkoan 40 on martin = 40 on martin
odds = total snacks/your drivers total
(120/40) = 3.00 : 1 on Martin
(120/80) = 1.50 : 1 on Loeb
if we had a bet on solberg for another 40, the odds would be
(160/40) = 4.00 : 1 on martin
(160/40) = 4.00 : 1 on solberg
(160/80) = 2.00 : 1 on loeb
The way the odds break down is that everything is compared to 1. This 1 is for each snack on that driver. so if odds are 2.00 : 1 you get 2.00 snacks for every snack you had on you driver.
since the odds on loeb were 1.50 : 1 both IS2Scooby and dropkick_muppet get 1.5 snacks for each they wagered, or, since they didn't have to actually give up money, they keep their own snacks and each also get .5 snacks for each snack that they wagered. or nkoan pays each of them 20 snacks.
Dropkick Muppet and IS2Scooby on Loeb - 40 each. = 80 on loeb
nkoan 40 on martin = 40 on martin
odds = total snacks/your drivers total
(120/40) = 3.00 : 1 on Martin
(120/80) = 1.50 : 1 on Loeb
if we had a bet on solberg for another 40, the odds would be
(160/40) = 4.00 : 1 on martin
(160/40) = 4.00 : 1 on solberg
(160/80) = 2.00 : 1 on loeb
The way the odds break down is that everything is compared to 1. This 1 is for each snack on that driver. so if odds are 2.00 : 1 you get 2.00 snacks for every snack you had on you driver.
since the odds on loeb were 1.50 : 1 both IS2Scooby and dropkick_muppet get 1.5 snacks for each they wagered, or, since they didn't have to actually give up money, they keep their own snacks and each also get .5 snacks for each snack that they wagered. or nkoan pays each of them 20 snacks.
01-26-2004, 04:08 PM
#12
Yeah, I think it does. We'll definitely use it next time.
I saw it slightly differently, though, and luckily it worked out. I saw it as, I lost 40 snacks and both dropkick_muppet and IS2Scooby should split the pot (each gets their 40 snacks back and half of my snacks).
On a much larger scale, or a more complicated scale, I probably would have gotten confused and starting splitting up my bet incorrectly.
Thanks for clearing it all up.
It almost seems like next time, we should have some sort of bookie that takes the bets before the rally starts, and then divies up the pot after the rally ends, rather then rely on the looser(s) being able to split their wager to the winners accordingly.
Oh, and another question, what would happen to our bets if no one guessed the correct driver? Everyone gets their bet back (unless we want the bookie making out like a bandit here)?
I saw it slightly differently, though, and luckily it worked out. I saw it as, I lost 40 snacks and both dropkick_muppet and IS2Scooby should split the pot (each gets their 40 snacks back and half of my snacks).
On a much larger scale, or a more complicated scale, I probably would have gotten confused and starting splitting up my bet incorrectly.
Thanks for clearing it all up.
It almost seems like next time, we should have some sort of bookie that takes the bets before the rally starts, and then divies up the pot after the rally ends, rather then rely on the looser(s) being able to split their wager to the winners accordingly.
Oh, and another question, what would happen to our bets if no one guessed the correct driver? Everyone gets their bet back (unless we want the bookie making out like a bandit here)?
01-26-2004, 04:25 PM
#13
Registered User
Thread Starter
iTrader: (2)
Join Date: Mar 2003
Location: Mantana, where the men are men and so are the women
Posts: 1,636
Car Info: '03 red legacy
no, you did it just right, they each keep their snacks, plus they split the winnings proportionally, which you did, since they were even. we could set up a bookie ID so that a person could not cheat at all. unwon bets coul carry over to the next rally kind of like a lottery - which could make for some gigundus pots.... and actually, since i started this thread i would be happy to create a user name like The Bookie or something to take care of bets.
01-26-2004, 05:04 PM
#15
Registered User
iTrader: (4)
Join Date: May 2003
Location: your friendly neighborhood hairpin
Posts: 2,341
Car Info: '03 PSM Sedan
sounds good to me, a bookie account would be great. that way, each of us who is betting places out bet and gives the bookie account our bet in scoobie snacks and the winners get paid out.