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(Event) BugBet: An Online Sportsbook

Posted: Wed Jun 13, 2018 3:14 am
by Master Buggie
As you filter through your usual HoloNet feed, you happen to notice an attractive advertisement in the corner, beckoning you to wager on the upcoming Galaxy Cup, a sporting event that only takes place once every four years. You briefly recall having heard about this event, whether or not you have any particular interest in sports, you do remember hearing that the Galaxy Cup is the singular most watched and followed sporting event in the entire galaxy.

You don't usually click ads, in fact, you thought you had a program installed in your datapad to block them, but this one time, you decide to make an exception. What follows is a flashy HoloNet site, filled with colorful banners directing you to bet on the Galaxy Cup and earn a fortune. The banners are complemented by images of sentients from all over the galaxy dressed in the colors and regalia of their team. Are you a gambler? Even if you have been known to stay away from vices such as this, you can't help but feel somewhat drawn in by the fact that this is such a popular event. If the familiar feeling of wagering rises back to the forefront of your spirit, you find that you're already surveying the odds.

There's credits to be made, so why not put down just a little money?

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OOC SECTION:


First off, this is a small event that I am running based on the FIFA World Cup, which is taking place this week. This event will be strictly played with in-game currency. No offer of real life currency is being made, and the wagers are only for the purposes of earning credits in-game. No real life monetary rewards are being offered or negotiated, and no real life monetary rewards are to be offered or negotiated by anyone on this site.

With that out of the way, this is a small event that I dreamed up a while ago after I remembered that the World Cup is taking place this year. What will be happening here is that I'll be posting real life game lines for these real life games under the guise that your character is betting on "Galaxy Cup" matches. Like I wrote above, just pretend that your character ran across a betting site and is considering laying down a few wagers on the tournament.

HERE'S HOW IT WILL WORK:

Tonight, I'll post some game lines for the first three days of the tournament. I'll use the wagers that get generated off of these first three days to decide if we want to continue or not. Essentially all you do is read the game lines (I'll teach you how later), you put down any amount of credits that you can afford on any piece of action you want, and if you win, you get paid. If you lose, you pay.

Please keep in mind that draws (ties) are a possibility in this tournament, and if you bet on a team and the match ends in a draw, I'm going to consider that a push, rather than a loss. In the interest of being more user-friendly, it will be as if the bet never took place. If there is support from the community, this rule may be modified as the tournament progresses.

Honestly, just give it a chance. It's not difficult, and you can get rich(er) quick. I had Salem transfer Spreadsheet one million credits to use for house money, so that means you can earn a lot of money for yourself if you play along, particularly if the house loses its shorts!

HOW DO I READ GAME LINES?

Easy peasy. Let's use this as an example:

Commenor (-200) vs. Corellia (+170)

In this situation, Commenor is the favorite (note the -) and Corellia is the underdog (note the +). A wager on the favorite, Commenor, might be risking 20,000 credits to win 10,000 credits. Alternatively, you could bet 15,000 credits to win 7,500 credits. At the end of the day, the bottom line is the same. You will have the opportunity to win your original wager, plus half of what that original wager was. In other words, risk 200% of your wager to win 100%.

Alternatively, you could take the underdog if you want to bet on the upset! An example wager on the underdog, Corellia (note the +), might be risking 10,000 credits to win 17,000 credits. Alternatively, you could bet 20,000 credits to win 34,000 credits. Again, the bottom line is the same; you have to risk your wager in order to win your wager, multiplied by 1.7. Another way to think of it would be to risk 100% in order to win 170%.

It should be noted that certain matchups will have two teams with + signs next to their line. In these games, there is no clear favorite; the oddsmakers are undecided.

The math is not difficult to work out once you wrap your head around it, but let me know if you still need an explanation.

HOW DO I PLACE A BET?

Please post the following if you'd like to place a bet:

Your Character's Full Name
(Team 1) vs. (Team 2)
Team you are Betting on
Amount of Bet

For example:

Master Buggie
Commenor vs. Corellia
Corellia
20,000

After that, you must send your credits on the SLIU to the user named Spreadsheet. Simple as that.

Re: (Event) BugBet: An Online Sportsbook

Posted: Wed Jun 13, 2018 3:27 am
by Master Buggie
These are just straight up wagers. If you want action on spreads (wagering on the margin of victory), particularly since there are a lot of early games with lines heavily favoring one particular team, we can work that in as well.

Thursday, June 14th
11:00AM EST
RUS (-230) vs. SAU (+800)


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Friday, June 15th
8:00AM EST
EGY (+600) vs. URU (-170)

11:00AM EST
MOR (+120) vs. IRA (+270)

2:00PM EST
POR (+340) vs. SPA (-110)

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Saturday, June 16th
6:00AM EST
FRA (-420) vs. AUS (+1100)

9:00AM EST
ARG (-300) vs. ICE (+1000)

12:00PM EST
PER (+220) vs. DEN (+130)

3:00PM EST
CRO (-140) vs. NGA (+450)

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Sunday, June 17th
8:00AM EST
COS (+360) vs. SER (-110)

11:00AM EST
GER (-210) vs. MEX (+600)

2:00PM EST
BRA (-240) vs. SWI (+750)


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Monday, June 18th
8:00AM EST
SWE (+110) vs. SK (+300)

11:00AM EST
BEL (-650) vs. PAN (+1900)

2:00PM EST
TUN (+750) vs. ENG (-240)

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Tuesday, June 19th
8:00AM EST
COL (-140) vs. JAP (+470)

11:00AM EST
POL (+130) vs. SEN (+220)

2:00PM EST
RUS (+130) vs. EGY (+260)

Re: (Event) BugBet: An Online Sportsbook

Posted: Wed Jun 13, 2018 2:31 pm
by Raphael Xandir
Raphael Xandir
RUS vs. SAU
Russia
5,000

EGY vs. URU
Uruguay
2,500

MOR vs. IRA
Iran
1,000

POR vs. SPA
Portugal
5,000

FRA vs. AUS
France
10,000

ARG vs. ICE
Argentina
5,000

PER vs. DEN
Denmark
5,000

CRO vs. NGA
Nigeria
1,000


34,500 sent to Spreadsheet

Re: (Event) BugBet: An Online Sportsbook

Posted: Thu Jun 14, 2018 3:17 am
by Master Buggie
BugBet ProTip:

I've said this in Discord, but I'll give you an illustration of what Raphael's bets are capable of producing for him. Overall, Raphael is betting 34,500 credits. If he wins every bet he, of course, gets his credits back, PLUS an additional 38,392 for only three days of matches.

He doubles his money, so what? It's only 38,392. Think of it this way, though. He's now betting with about 70,000 for when the next matches roll out, since Spreadsheet pays out immediately after each game. What if he does just as well betting on those matches? Now he's built himself up a base of 140,000 credits to bet with. It just keeps on building for him. His betting power has increased substantially in this situation in only a matter of days.

Let's say for example he starts using some of those winnings to pick out underdogs. There's got to be an upset somewhere, right? Let's say he picks AUS (+1100) against FRA. A 5,000 credit bet on the underdog turns into 55,000 credits. If he was feeling good about it, he could bet 50,000 credits, which would turn into 550,000 credits at +1100. Raph just bought himself a Sith Meditation Sphere for one day's work.

We always do have a couple of great raffles for you to choose from like the small pool or the big kahuna, if those are more to your liking. If the raffles scratch your itch, that's perfectly fine. If you want to be a big dog, though, this is where you come to play.

Re: (Event) BugBet: An Online Sportsbook

Posted: Thu Jun 14, 2018 3:20 am
by Master Buggie
BugBet ProTip:

I'll feed you all a freebie as an opening day special.

Look to take the underdog POR against SPA, who just fired their manager days before their first Galaxy Cup match. At +340, you're not going to get a better shot at an against the odds payout in the early rounds.

Re: (Event) BugBet: An Online Sportsbook

Posted: Thu Jun 14, 2018 12:18 pm
by Zechs Merquise
Zechs Merquise
RUS vs. SAU
Russia
10,000

EGY vs. URU
Uruguay
10,000

MOR vs. IRA
Iran
10,000

POR vs. SPA
Portugal
10,000

FRA vs. AUS
France
20,000

ARG vs. ICE
Argentina
10,000

PER vs. DEN
Denmark
10,000

CRO vs. NGA
Nigeria
10,000


90k on the way. :3

Re: (Event) BugBet: An Online Sportsbook

Posted: Thu Jun 14, 2018 1:13 pm
by Kubu Midwan
Yep

ARG vs. ICE
Argentina
100,000

Re: (Event) BugBet: An Online Sportsbook

Posted: Thu Jun 14, 2018 1:42 pm
by Zechs Merquise
100k sent in for ya

Re: (Event) BugBet: An Online Sportsbook

Posted: Thu Jun 14, 2018 1:43 pm
by Master Buggie
BugBet ProTip:

I'll feed you all another freebie as an opening day special.

Look to take the favorite RUS (-230) in the 11:00AM EST opener against SAU. They're the host of the tournament and the host country has never lost the opening matchup. You won't get a huge payout that betting on the underdog would get you, but you'll get your feet wet.

Re: (Event) BugBet: An Online Sportsbook

Posted: Thu Jun 14, 2018 6:55 pm
by Raphael Xandir
Upping my bets:

Raphael Xandir
EGY vs. URU
Uruguay
10,000

MOR vs. IRA
Iran
7,500

POR vs. SPA
Portugal
10,000

FRA vs. AUS
France
40,000

ARG vs. ICE
Argentina
15,000

PER vs. DEN
Denmark
10,000

CRO vs. NGA
Nigeria
5,000


68,000 additional credits sent to Spreadsheet