(Event) BugBet: Mid-Rim Cup

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Master Buggie
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(Event) BugBet: Mid-Rim Cup

Post by Master Buggie » Sat Jun 12, 2021 8:21 pm

Once more flipping through the latest headlines on your datapad, you happen to notice a vaguely familiar advertisement in the corner, beckoning you to wager on the upcoming Mid-Rim Cup, a sporting series that is especially popular in the galactic region for which it is named. You briefly recall having heard about some of the spectacular last-second finishes in the Borgleball Playoffs, and, remembering the buzz that surrounded the Galaxy Cup last time it took place, a familiar fire begins to burn within you.

You don't usually click ads, in fact, you just renewed your subscription to a program installed on your datapad to block them, but this advertisement didn't do any harm last time around, so you figure you can be safe to click it once again. A flashy HoloNet site loads on your screen, filled with colorful banners directing you to bet on the Mid-Rim 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 prospect of profit. Before you can convince yourself to close the tab, you find that you're already surveying the odds.

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

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OOC SECTION:


This is a small event that I am running based on the UEFA Euro 2020 tournament, which is taking place now through mid-July. 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 will be run largely the same as the Galaxy Cup event that I ran in 2018. 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 "Mid-Rim 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:

I'll post game lines for next three days' worth of matches. Essentially all you do is read the game lines (I'll teach you how below if you don't remember how), 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 some phases of 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.

Give it a shot! There are users who made over a million credits on the Galaxy Cup event, so if you're looking for a new starship, this is the easiest way to get it, in my opinion. Spreadsheet has over one and a half 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 big again!

HOW DO I READ GAME LINES?

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

Commenor (-200)
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 in some situations 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.

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Master Buggie
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Re: (Event) BugBet: Mid-Rim Cup

Post by Master Buggie » Mon Jun 14, 2021 1:57 am

To clarify, you are allowed to hedge by betting on a draw (tie), as well as one of the teams competing in that given match.

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