Posted:
#26
+500 I gather was a typo?
0
Settling Question help
Posted:
#29
Quote Originally Posted by Grizzvir:
ya i made an error. but not in the math. the yotes line is +400
it doesnt make any diffrence for me or for the book who is gonna win.
yotes win = 540.00$ @ +400 = 2,700$ payout - 540 -300 = 1,860.00$
king win = 300.00$@ +800 = 2,700$ payout - 300 -540 = 1,860.00$
ya i made an error. but not in the math. the yotes line is +400
it doesnt make any diffrence for me or for the book who is gonna win.
yotes win = 540.00$ @ +400 = 2,700$ payout - 540 -300 = 1,860.00$
king win = 300.00$@ +800 = 2,700$ payout - 300 -540 = 1,860.00$
The +500 later threw me for a loop. Congrats.
0
Posted:
#33
Quote Originally Posted by thorpe:
Why? The sooner the futures is settled, the sooner the money will be wagered again. Why wouldn't the book want that?
A couple of reasons.
1) Who says the money is going to be wagered again? Guy could request the full amount and take it out of the book. I'd rather hang on to it as long as I can and earn interest.
2) What if neither team wins the wager as stated? It is possible although extremely unlikely.
0
Posted:
#34
Quote Originally Posted by mikeslg:
A couple of reasons.
1) Who says the money is going to be wagered again? Guy could request the full amount and take it out of the book. I'd rather hang on to it as long as I can and earn interest.
2) What if neither team wins the wager as stated? It is possible although extremely unlikely.
say what? Are you serious? 
0
Posted:
#36
Quote Originally Posted by esplanade:
There's almost no math involved. It's common sense.
You have a winning bet and a LOSING bet.
Phoenix wins, you lose on the Kings.
Kings win, you lose on Phoenix.
Would you rather lose $300 or $540??
Do you not see the difference or does it not matter?
There's almost no math involved. It's common sense.
You have a winning bet and a LOSING bet.
Phoenix wins, you lose on the Kings.
Kings win, you lose on Phoenix.
Would you rather lose $300 or $540??
Do you not see the difference or does it not matter?
if we can get back to the original post here... The payout by the book is still the same - $2700. The profit for the gambler differs somewhat but the PAYOUT by the book is the same.
0
Posted:
#38
Quote Originally Posted by mattbrot:
if we can get back to the original post here... The payout by the book is still the same - $2700. The profit for the gambler differs somewhat but the PAYOUT by the book is the same.
Unbelievable! Who said the payout is different? So to get this straight, you try to rag me by saying the profit is different??
I guess you need some "lead way" on the whole thought process thingy. Reading comprehension must not be your forte.
0
Posted:
#42
Quote Originally Posted by esplanade:
The term is leeway, genius.
Oh the irony.
The term is leeway, genius.
Oh the irony.
I actually always thought the term was lead way (not sure why) so thanks for the correction.
And also as I read this thread again it is obvious that you are correct in your posts
The reading comprehension thing did get in the way this time.
0
Posted:
#43
Quote Originally Posted by mikeslg:
A couple of reasons.
1) Who says the money is going to be wagered again? Guy could request the full amount and take it out of the book. I'd rather hang on to it as long as I can and earn interest.
2) What if neither team wins the wager as stated? It is possible although extremely unlikely.
Have you seen interest rates lately? They are going to get around 75 cents interest in the 2 weeks it takes to play this round of the playoffs. So, on the one hand you have 75 cents, and on the other you have a really good chance the OP will wager this money at 10% juice.
0
Posted:
#45
Quote Originally Posted by thorpe:
Have you seen interest rates lately? They are going to get around 75 cents interest in the 2 weeks it takes to play this round of the playoffs. So, on the one hand you have 75 cents, and on the other you have a really good chance the OP will wager this money at 10% juice.
Thorpe,
Thanks for the feedback and lesson on interest rates. Sportsbooks are a business and business people like guaranteed money not possible money. Run your own business for awhile you will understand.
I'd imagine this guy plays future bets quite a bit based on his post. The problem is now every time he has a future bet that is going to win he's going to call the sportsbook and ask for it to be settled early. It is bad business to bend rules period especially when it involves gambling. If they do it now everyone on covers.com and this guys buddies that gamble know that at sportsbook xyz will settle future wagers early. Think that might cause an issue? Now my operators that should be taking bets are arguing with people about settling a wager that is going to win but the event hasn't actually happened....
0
Posted:
#48
Quote Originally Posted by mikeslg:
Thorpe,
Thanks for the feedback and lesson on interest rates. Sportsbooks are a business and business people like guaranteed money not possible money. Run your own business for awhile you will understand.
I'd imagine this guy plays future bets quite a bit based on his post. The problem is now every time he has a future bet that is going to win he's going to call the sportsbook and ask for it to be settled early. It is bad business to bend rules period especially when it involves gambling. If they do it now everyone on covers.com and this guys buddies that gamble know that at sportsbook xyz will settle future wagers early. Think that might cause an issue? Now my operators that should be taking bets are arguing with people about settling a wager that is going to win but the event hasn't actually happened....
You don't give up do you.
First, you said the book wanted interest on the money, which I pointed out was less than a dollar.
Then, you said the playoffs might somehow end before the next round.
Now, you are saying " Sportsbooks are a business and business people like guaranteed money not possible money. ."
Every bet the book take is "possible" money If they wanted gauranteed money they'd open a bank, and not take bets. The more bets they take, the more money they make, which is why they would want to settle with the OP so he can make more bets.
And "Now my operators that should be taking bets are arguing with people about settling a wager that is going to win but the event hasn't actually happened...."
This is not about settling a bet that hasn't won. The OP has won his bet (unless the NHL playoffs are cancelled). If you are saying this about a guy wanting to get paid when his team is up 3 games to 0, then that is a totally different situation. We are talking about a situation where the OP win the same amount no matter what happens.
And if settling futures early is something gamblers want (which you admitted), why wouldn't the book accomodate this, to get more action? Or are going to say the books don't want more action, because they don't want to take more phone calls?
0
Hot Forum Topics
