MNF Contraption Gambling! Week 4 Results, Bet On Week 5 Now!

[jdelgado06]

100 on jdel (you better win) ;P

I would like to bet 95 on my self.

i will bet it all on hamy - seems like bookie error

if you guys intend to make these bets, please PM them to me. (and Jhawk, you can't bet on yourself)

[OfficiallyHaphazard]

I bet all 100 on Frankenstein.

[Linkzcap]

I don't exactly know what I'm betting on but I bet all I can on JHawk. He's cool.

[HarleyDan543]

sweet ... i'm in.
I'll bet all 100 on myself... :-)

[jdelgado06]

@Hap, Linkz, and Danny - Don't forget to PM your bets if you want to place them. & Danny - you can't bet on yourself.

The 2nd post is updated with all bets that have been officially placed by PM so far.

[lord_hamybal]

people are you serius that ****
don't you guys hear what jdel says

PMED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
and you can't bet on youre self!!!!!!!!!!!!!!!!!!!!
read first then post or pm to ask whats going

i hope this works because i don't think jdel want to say again and again

[jdelgado06]

thank you Remy!

[HarleyDan543]

ok, i'll PM it.. too bad I can't bet on myself.. ROFL, i'm surely going to win... :-)

[jdelgado06]

This is for people who aren't familiar with odds and betting.

here is a link to a calculator that will show you how many you will win for a certain bet that you make

http://www.nflfreepicks.com/free-parlay-calculator.html

Instructions:
In the top left text field (row #1, column: LINES), enter the odds (i.e. -120, or +120).
In the bottom text field where it says BET, enter the number of 's you are betting (i.e. 10, 50, 100).
Ignore all the other text fields (rows 2 through 6, and all the FACTOR ones).
Click "Calculate"
The number of 's you would win if you bet correctly is shown in the WINNINGS text field.

Note - We are ignoring the rows 2 through 6 because this is actually a "Parlay" calculator. Parlay's allow you to bet on multiple games at once, but to win you have to win ALL of the games (a single loss and you lose the whole bet), but the payout is much higher. We aren't doing parlays here. At least not yet.


Example
A lot of you are betting on favorites, with -120 odds. So, enter -120 in the top left text field. If you want to bet all 100 of your 's on it, enter 100 in the BET text field. Click "calculate" you will see that you are betting 100 's in an attempt to win an additional 83.33 's. If you lose your bet, you will have 0 's. If you win your bet, you will have 183.33 's.

You may ask: Wait a second! I only win 83.33 's when I have to risk all 100 of my own?!? what the heck, jdel!
and I will say: This is because you are betting on a FAVORITE. Based on win/loss records, I (the bookie) am saying that they have a better chance to win than the UNDERDOG, so i'm only willing to give you 83.33 's when you risk 100 's.

You may then say: Oh, alright... I guess... Does it work for me the other way around? What if I bet on the underdog? Do I win more?
And I will say: Absolutely. Lets take a look at another example.

Example2
Betting on an underdog at +120. Enter +120 in the top left field, enter 100 in the BET field, click calculate. Whoa! You would win 120 's! So if you lose the bet, you would have 0, but if you win the bet, you would have 220!

One more complicated example
You start with 100.
Say you bet 50 on an underdog at +120, and 50 on a favorite in a different game at -120.
Try using the calculator to figure out your winnings on your own, but here are the answers so you can double check:
If you win both games: 201.66 's
If you win the underdog bet but lose the favorite bet: 110 's
If you win the favorite bet but lose the underdog bet: 91.66 's
If you lose both: 0 's

Hope this helps!

[lord_hamybal]

at the end who got the most then what does the winner gets or just for fun?

[jdelgado06]

just for fun.

[jonnychoob]

Why can't you bet on yourself? I know it won't affect me, I'm just curious...

Also did you see my previous post on the previous page?

[jdelgado06]

Why can't you bet on yourself? I know it won't affect me, I'm just curious...

Also did you see my previous post on the previous page?

You can't bet on yourself just in the same way that it would be unethical (and illegal) to do so in real life if you were an athlete or a coach or something. It just gives you insider information... If you come up with something absolutely awesome, or if you know you didn't have the time to devote to the comp so you through together something crappy in 5 minutes, that's information that other people betting on you or against you don't have, so it makes it unfair.


in re: to the post on the previous page, you mean the one where you gave your answer to the question I posted?

Yeah, I guess I didn't make a post about that as of this morning. I read what you guys had to say, and I though about it myself, and what I decided is what is now posted in the OP. Basically, as long as you are active (betting every week), EVERYONE will get 50 's every week. This is not as much as the initial 100, and it also addresses the issue that it isn't really fair to give someone unlimited free redos when they lose it all, because now we give it to everyone. I think this is fair, and we'll see how it goes!

edit: Also, I decided not to have a max bet amount. If you want to bet everything on one game, more power to you.

[jdelgado06]

I hope no one minds me playing along as well, even though I'm hosting. Obviously, since this is based on the results in compscure's comp, I have no insider info or anything...

[Paleo8]

I don't mind if you play... Can you take a bet for 100 Mizzou rah!!

[jdelgado06]

Can you take a bet for 100 Mizzou rah!!

sure.

You didn't specify if you wanted a moneline bet, or a bet on Mizzou +4... either way, you lose.

Final Score: Nebraska 27, Missouri 12.


you are now down to 0 's

[Paleo8]

Can you take a bet for 100 Mizzou rah!!

sure.

You didn't specify if you wanted a moneline bet, or a bet on Mizzou +4... either way, you lose.

Final Score: Nebraska 27, Missouri 12.


you are now down to 0 's

yep I suck at gambling that's fore sure... I knew better than to bet on a team that had 30+ players from Texas

[jdelgado06]

I knew better than to bet on a team that had 30+ players from Texas

I know... Mizzou just didn't have quite enough Texas players to make the difference in this game

[Paleo8]

you got that right.. It was good game to watch

[ironmano]

ok, i'll PM it.. too bad I can't bet on myself.. ROFL, i'm surely going to win... :-)

I'm looking forward to watching you eat those words