Vbookie 1/1 bets

[Freestyler]

I was just wondering why there is a 1/1 bet? Is that a match payoff or do you just get your money back that you bet? On a typical bookie bet, the minimum payoff should be at least 2/1. Meaning that if you bet 100, and win, you get your 100 back and a matching 100 which is a total of 200. A 1/1 bet would be, you bet 100 and get it back totaling a win of 100. You would not gain anything by betting. Just wondering..... I wanted to put 2500 on the Patriots, but not worth the risk if there is not a payout.

Thank you.

[rightcrosslefthook]

1:1 is the ratio that you multiply your stake by, which produces your amount won (assuming you picked the winner).

Ex. You wager 500 points on a 1:1 bet.
If you picked a fighter or team to win and the odds were 1:1 and the team or fighter won you would win 1X(500) = 500 points.

Ex. You wager 500 points on a 2:1 bet.
If you picked a fighter or team to win and the odds were 2:1 and the team or fighter won you would win 2X(500) = 1000 points.

Ex. You wager 500 points on a 1:2 bet.
If you picked a fighter or team to win and the odds were 1:2 and the team or fighter won you would win (1/2)X(500) = 250 points.

The less the ratio, the less the risk, the less you win.

[Freestyler]

So by wagering X amount, the winning amount is stacked onto what you wager and you get both back?

Example: Wager 100 on a 1:1 bet. You end up winning. You get your 100 back plus 100= 200 total for a win on 1:1 bet.

[rightcrosslefthook]

So by wagering X amount, the winning amount is stacked onto what you wager and you get both back?

Example: Wager 100 on a 1:1 bet. You end up winning. You get your 100 back plus 100= 200 total for a win on 1:1 bet.


Yes and no. You cannot win what you already had. vBookie displays your winnings only, they don't combine the amount staked with what you won.

[Freestyler]

I have always understood a bookie to be one that you BUY a bet of, let's say 100. That money is gone..... you bought a bet with it. Now if you win on a 2:1 bet, you get 2x what you paid. Equalling 200. But that is a 2:1 win. If it is a 1:1 win, you get 100. That is why I was wondering why anyone would ever risk anything on a 1:1 bet considering if you do win, you get nothing more than what you started with. You would have nothing to gain at all.

In a ratio of 2:1, 200:100, 300:150 and so on, you would get 2 times what you bet.

In a ratio of 1:1, 100:100, 200:200 and so on, you would get 1 times your money. Any number X 1= Origanil number bet. Meaning ''No Gain''.

Edit: Now if you are ''staking'' 100 and the Vbookie is matching that amount at 1:1, and you win, then you are winning your money AND the money that the Vbookie bet against you.

Sorry, I am confusing myself. :lolbeat:

[rightcrosslefthook]

I have always understood a bookie to be one that you BUY a bet of, let's say 100. That money is gone..... you bought a bet with it. Now if you win on a 2:1 bet, you get 2x what you paid. Equalling 200. But that is a 2:1 win. If it is a 1:1 win, you get 100. That is why I was wondering why anyone would ever risk anything on a 1:1 bet considering if you do win, you get nothing more than what you started with. You would have nothing to gain at all.

Again, yes and no. vBookie replaces the money you staked when you first bet. Lets say 100 points was staked, vBookie takes that amount from your points total in case you loose your points some other way (side bets, buying gifts, etc). If you win vBookie replaces your stake along with what you won. You do win points on a 1:1 bet. If you bet 100 points , you win 100 points, not incuding what you staked.

[Freestyler]

That makes more sence than not winning anything at all. That is why I was asking, I see 1:1 payoffs, and it depended how the Vbookie saw a payoff whether I wanted to bet or not. I should have bet when I had the chance....too late now. Thank you for the help bro.


Edit: P.S. you cannot use your vCash for gifts.

[rightcrosslefthook]

That makes more sence than not winning anything at all. That is why I was asking, I see 1:1 payoffs, and it depended how the Vbookie saw a payoff whether I wanted to bet or not. I should have bet when I had the chance....too late now. Thank you for the help bro.


Anytime.

[strife]

i honestly think instead of the odds betting we should do the percentage payout kind that all the online betting places do.

quick example:

patriots +280
jets -250

-you have to put 280 on the patriots to win 100 (you receive your bet back so you would get 380 in return if the patriots win)

-you can put 100 on the jets and win 250 if they win (350 payout)

this type of betting is much more realistic imo, and makes for better betting

[Python]

Strife I appreciate the response but I for one do not totally understand the bookie with exception to how we do it. In my opinion this is the easiest and most efficient way of doing it here on the forum. It is hard to get the exact odds on a fight or any event in general unless it is a name and no name in which can turn with one strike or wrong move. This way there are less numbers to deal with and it gives a wider margin for all to be able and enjoy some vcash! Thank You.

[strife]

just thought i'd list it as a possibility

[brvheart]

Thanks for thought and I see where you are coming from on it :)

[Python]

just thought i'd list it as a possibility



If you don't mind, how dose the bookie situation work in the sense that you are referring to?

[Boo]

If you don't mind, how dose the bookie situation work in the sense that you are referring to?

I'd like to second that request. I really don't know squat about how betting works.

1. Like who sets the odds?
2. Don't they change all the time?
3. How long before a fight occurs do odds come out?
4. Can betting only be done in Vegas and on some Internet site (Bodog maybe?)

All that stuff.

[strife]

It could be the same in the sense as Python finds out who the favorites are and makes his own odds based on it like he already does (which is what I would do). If someone were a huge favorite it would be +350 for the favorite and -300 for the underdog...or something along those lines. What it means for the +350 you get 1 dollar for every 3.5 dollars you put into the bet, so if I put 350 dollars down I win 100 and get the 350 back, making a profit of 100. Vice versa for the -300, where for every 1 dollar you would win 3. So if you put down 100 you would win 300 and receive back your original bet since you are the winner, 400 being received. This makes 35% return on the favorite and 300% return on the underdog and obviously calls for a more realistic betting margin. Obviously this can change with more even fights/games...where it would be +150 -140 or something like that. I think we should give it a try, it just makes more sense betting wise and being more realistic it makes it more fun. Hope that helped.