Third Annual BF betleH Tournament

Third Annual BF betleH Tournament (http://www.betleh.com/cgi-bin/b3/YaBB.pl)

Ferengi Guild of Bookies and Oddsmakers >> Thena's Gambling Parlor >> FGBO-approved Betting: Round of 16
(Message started by: Ing The Puny on Feb 17^th, 2005, 2:11am)

Title: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 17^th, 2005, 2:11am

Bets now being taken for the Round of 16, by an approved Bookie from the Ferengi Guild of Bookies and Oddsmakers. All bets will be made in slips of latinum (conversion to strips, bars, and bricks will be avoided for ease of comutation).

Everyone starts with 500 slips.

The rules:
10% of any bet placed goes to the house as a betting fee ("the juice"). All bets should be placed in multiples of 10 slips of latinum so that this works out to an even number of strips.

Bets on a match pay match odds. So if fighters A is favored over fighter B by 3:1 odds, a bet placed on A pays 1 slip for every 3 slips bet, and a bet placed on B pays 3 slips for every slip bet.

So placing 100 slips on A would mean that if A wins, you get 120 slips back. (100 slips - 10 slip fee is 90 slips wagered, 1/3 of 90 is 30, so you get 90 + 30 = 120 slips). Placing 100 slips on B means that if B wins, you get 360 slips back. (100 slips - 10 slip fee = 90 slips, 3*90 = 270, so you get 90 + 270 = 360 slips back).

You can bet on a given match, or you can bet on a given fighter to win the entire tournament.

Odds are posted below. Any bet placed will be given the odds posted at the time the bet was placed. If odds change, it will be noted and will only affect bets placed after the odds change is posted.

ta'pez 4:1 favorite over Jack "Duke" Green
Wolfe 2:1 favorite over Davidian
Q'olavraH 15:1 favorite over Talora (no bets will be taken on Q'ol, as the winnings would not cover the fee).
Kieran O'Donnel 3:2 favorite over Charlie Reynolds
K'tar 4:1 favorite over K'Vok
Kira Naul Gordon 1:1 against Jason Pepper
Tank Chandler 5:2 favorite over T'Lai
James Tal'Vur 5:1 favorite over AJ Bernard.

Bets to win the tournament (these odds will change after this round):
ta'pez pays 2:1
Q'olavraH pays 3:1
K'Tar pays 12:1
Kira Naul Gordon pays 20:1
Jack "Duke" Green pays 25:1
Adm Wolfe pays 25:1
Jason Pepper pays 30:1
James Tal'Vur pays 35:1
Kieran O'Donnel pays 40:1
Tank Chandler pays 40:1
Charlie Reynolds pays 50:1
K'Vok pays 50:1
Davidian pays 100:1
T'Lai pays 100:1
Talora pays 200:1
AJ Bernard pays 200:1

Future match betting:
You can bet on matches in future rounds. Note that these bets are placed both on the listed matchup happening, and the given fighter winning - if one of the fighters fails to advance to that round, you lose the bet.

ta'pez over Q'olavraH (Round of 4): pays 4:3
Q'olavraH over ta'pez (Round of 4): pays 3:2

ta'pez over K'Tar (championship): pays 4:1
K'Tar over Ta'pez (championship): pays 20:1

Q'olavraH over K'Tar (championship): pays 5:1
K'Tar over Q'olavraH (championship): pays 25:1

Talora over AJ Bernard (championship): pays 3500:1
AJ Bernard over Talora (championship): pays 3000:1

LATEST UPDATE:
Kieran O'Donnell over Ta'pez (Round of 4) 40:1
Ta'pez over Kieran O'Donnell (Round of 4) 5:1

Kieran O'Donnell over K'Tar (championship) 120:1
K'Tar over Kieran O'Donnell (championship) 40:1

If anyone desires to bet on other potential matchs, let me know and I will post odds.

Note that these odds are only good if bets are placed before the fights of the Round of 16 begin. Once the ROund of 16 has started, no more bets may be placed.

Judges and members of the FGBO may not place bets. Fighters may not bet on their own matches, nor for themselves to win the tournament.

I'm happy to take bets either in replies to this thread, or via PM.

All fractional amounts of latinum slips shall be rounded in favor of the house to the nearest whole slip.

(As a footnote, I didn't make up the "juice" part of it - that's what actual Vegas bookies use, although the amount may differ from the 10% used here.)

Title: Re: FGBO-approved Betting: Round of 16
Post by Valren Arelwynn, XFY CO on Feb 17^th, 2005, 5:08pm

I'll bet (as Hask Gheuty, the XFY Dock Master - as Valren would a) not be interested; b) probably be ineligible as host) the following:

50 slips on Davidian
50 slips on K'Tar

and

50 slips on K'Tar to win the tourney

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 17^th, 2005, 5:39pm

So noted:

Hask Gheuty
50 Davidian match at 2:1 (pays 135 after fee)
50 K'Tar match at 1:4 (pays 56 after fee)
50 K'Tar tourney at 12:1 (pays 585 after fee)

Remaining balance 350 slips

(Note: payouts include repayment of wager, so a 135 payout is a net profit of 85 slips.)

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 17^th, 2005, 7:33pm

Just added: future match betting (see odds post at the top of this thread).

Title: Re: FGBO-approved Betting: Round of 16
Post by Valren Arelwynn, XFY CO on Feb 17^th, 2005, 8:06pm

Gheuty will place a further 'upset bet' of Green over Ta'pez at 20 slips.

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 17^th, 2005, 8:13pm

Hask Gheuty:

20 Duke Green match at 4:1 (pays 90)

Other tickets:
Davidian match for 135
K'Tar match for 56
K'Tar tourney for 585

Remainin latinum: 330 slips

Title: Re: FGBO-approved Betting: Round of 16
Post by JakeNess on Feb 17^th, 2005, 8:29pm

I'll put 100 slips on Tappy for the round, and 10 slips on Tappy for the game. for now

Title: Re: FGBO-approved Betting: Round of 16
Post by Falco_Tauvits on Feb 17^th, 2005, 8:31pm

100 slips on O'Donnell in the fight against Reynolds. The rest, we'll see.

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 17^th, 2005, 8:38pm

Jake Ness:
100 on ta'pez match at 1:4 (pays 112)
10 on ta'pez tourney at 2:1 (pays 27)

Remaining latinum: 390 slips

Falco Tauvits:
100 on O'Donnell match at 2:3 (pays 150)

Remaining latinum: 400 slips

Title: Re: FGBO-approved Betting: Round of 16
Post by Falco_Tauvits on Feb 17^th, 2005, 8:40pm

No, wait, you know what? I'm betting all 500 on O'Donnell. And yes, I get to slap him if he loses. :P I intend to make a satisfying gamble out of this...

Title: Re: FGBO-approved Betting: Round of 16
Post by JakeNess on Feb 17^th, 2005, 8:42pm

remaining 390 on O'Donnell

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 17^th, 2005, 8:50pm

Falco Tauvits:
500 on O'Donnell match at 2:3 (pays 750)
No remaining latinum

Jake Ness:
390 on O'Donnell match at 2:3 (pays 585)
Other tickets:
ta'pez match pays 112
ta'pez tourney pays 27
No remaining latinum

The representatives of the FGBO are now rooting for Charlie Reynolds.

Title: Re: FGBO-approved Betting: Round of 16
Post by Dan on Feb 17^th, 2005, 8:50pm

100 on AJ Bernard to win his next match, and 100 on him winning the tourney.

~Dan

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 17^th, 2005, 8:53pm

Dan Taylor:
100 on AJ Bernard match at 5:1 pays 540
100 on AJ Bernard tourney at 200:1 pays 18,090
Remaining latinum: 300 slips

Title: Re: FGBO-approved Betting: Round of 16
Post by Falco_Tauvits on Feb 17^th, 2005, 9:20pm

Quote:

The representatives of the FGBO are now rooting for Charlie Reynolds.

Ness, I think fate's gonna bite us on the ass. O'Donnell, if you don't win, I think the boys might have to come around and break kneecaps. ;)

Title: Re: FGBO-approved Betting: Round of 16
Post by Kieran O`Donnell on Feb 17^th, 2005, 11:20pm

Falco_Tauvits wrote:

Ness, I think fate's gonna bite us on the ass. O'Donnell, if you don't win, I think the boys might have to come around and break kneecaps. ;)

Not much pressure there, `eh Tauvits?

I want to make some bets:

50 on Davidian to Win his Match
50 on Ta'pez to Win his Match
50 on K'Tar to Win his Match
50 on Kira Naul Gordon to Win her Match
100 on Q'ol to Win the Tournament

Also, can I get Odds please on Kieran winning the Round of Four over ta'pez and vice-versa? and odds of Kieran winning over K'Tar and vice-versa in the Championship? I'm just curious as to what the odds would be. Thanks.

Title: Re: FGBO-approved Betting: Round of 16
Post by K`Hare totlh on Feb 17^th, 2005, 11:38pm

Ness, don't highjack another thread and I told you what you needed to do to talk to a judge.

Send email, send a PM, don't post off topic in other threads.

In case that doesn't make sense to the innocent reader, K'Hare has split the off topic comments in question out of the thread - Valren Arelwynn

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 17^th, 2005, 11:49pm

Kieran O'Donnell:
50 on Davidian match at 2:1 pays 135
50 on ta'pez match at 1:4 pays 56
50 on K'Tar match at 1:4 pays 56
50 on Kira Naul Gordon at 1:1 pays 90
100 on Q'olavraH tourney at 3:1 pays 360
Remaining latinum: 200 slips

Odds on the requested matches:
Kieran O'Donnell over Ta'pez (Round of 4) 40:1
Ta'pez over Kieran O'Donnell (Round of 4) 5:1

Kieran O'Donnell over K'Tar (championship) 120:1
K'Tar over Kieran O'Donnell (championship) 40:1

These will change once the Round of 16 results are in.

Experienced bettors will note that the odds of O'Donnell over Ta'pez and the odds of K'Tar over O'Donnell are the same. This is because chances are, if O'Donnell makes it to fight K'Tar, he beat someone other than Ta'pez to get there.

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 18^th, 2005, 12:07pm

Betting will most likely close sometime tonight, pending K'Hare sending out preliminary match results to competitors.

Get your bets in!

Title: Re: FGBO-approved Betting: Round of 16
Post by KTar on Feb 18^th, 2005, 12:27pm

100 slips on Kira Naul Gordon to win Round of 16 against Pepper.

50 slips to T'lai to defeat Chandler in Round of 16.

I say we start a new section of bettings: Here is 50 slips to the first person to play a prank on K'Hare at the tourney!

Title: Re: FGBO-approved Betting: Round of 16
Post by TalVur on Feb 18^th, 2005, 1:56pm

All my slips on Ta'pez to win this match. *cheers* Ta'pez, Ta'pez, he's our klingon, if he can't do it...uh...stuff! YAY!

I don't know. All my slips on Ta'pez to win this match.

Title: Re: FGBO-approved Betting: Round of 16
Post by Ta`pez HoD on Feb 18^th, 2005, 2:08pm

thank you for your confidence

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 18^th, 2005, 2:29pm

K'Tar:
100 on Kira Naul Gordon match at 1:1 pays 180
50 on T'lai match at 5:2 pays 157
No bets are being taken on pranks played on K'Hare.
Remaining Latinum: 350 slips

James Tal'Vur:
500 on Ta'pez match at 1:4 pays 562
No Remaining Latinum.

Title: Re: FGBO-approved Betting: Round of 16
Post by KTar on Feb 18^th, 2005, 5:30pm

darn you Ing! :P

Title: Re: FGBO-approved Betting: Round of 16
Post by JakeNess on Feb 18^th, 2005, 8:05pm

what is the totals of how much money is on each player right now? to know what the pressure is for everyone!

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 18^th, 2005, 8:08pm

I'll post totals when the betting closes. Don't want to have to keep recomputing it.

Title: Re: FGBO-approved Betting: Round of 16
Post by Kira_naul_Gordon on Feb 19^th, 2005, 6:32am

ill place 100 slip on k'tar over k'vok,,, i place the net bett after word noz proper to bet on your self...argg.

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 19^th, 2005, 10:31am

Kira Naul Gordon:
100 on K'Tar match at 1:4 pays 112
Remaining latinum: 400 slips

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 19^th, 2005, 12:14pm

Betting will remain open until K'Hare sends out the results. He will post here before doing so, as of his post, betting will be closed...

Title: Re: FGBO-approved Betting: Round of 16
Post by JakeNess on Feb 19^th, 2005, 2:36pm

is there any way to get more latinum for the next round if we lose it all?

Title: Re: FGBO-approved Betting: Round of 16
Post by Ing The Puny on Feb 19^th, 2005, 2:50pm

JakeNess wrote:

is there any way to get more latinum for the next round if we lose it all?

Contact the Ferengi Guild of ~~Loan Sharks~~ Private Creditors and ask for a loan...

More seriously, I haven't decided on a policy yet. But it's a good question.

Title: Re: FGBO-approved Betting: Round of 16
Post by JakeNess on Feb 19^th, 2005, 3:45pm

Taj hasn't bet out his money yet though!!!!

Taj is willing to loan up to 100 slips of his latinum to someone for 5% interest plus returning his money.

Taj wants 40 on Ta'pez for the next match too.

Title: Re: FGBO-approved Betting: Round of 16
Post by Ta`pez HoD on Feb 19^th, 2005, 3:57pm

seems like Taj is young, inexpirienced and fielding his way into a loan shark disaster

Title: Re: FGBO-approved Betting: Round of 16
Post by K`Hare totlh on Feb 19^th, 2005, 4:07pm

So for next year's tourney I need to find players to run Gueido and the boys... so that all these private loan sharks can get payment and the bankrupt loan sharks can be dealt with all while security isn't looking.

Title: Re: FGBO-approved Betting: Round of 16
Post by Thena on Feb 19^th, 2005, 4:17pm

Only one character per player can place bets. Sorry, Taj, otherwise it isn't fair to the peple who only have one character at the tournament.

Title: Re: FGBO-approved Betting: Round of 16
Post by M`rek on Feb 19^th, 2005, 4:18pm

I haven't betted any. But if did would bet for Ta'pez and K'Tar. Sorry K'vok. Your still good fighter ;D

Title: Re: FGBO-approved Betting: Round of 16
Post by JakeNess on Feb 19^th, 2005, 4:23pm

M'Rek, give Ness your latinum and you will get it all back at the end.

Title: Re: FGBO-approved Betting: Round of 16
Post by Thena on Feb 19^th, 2005, 4:49pm

I don't want to turn it into a poularity contest either. Someone could go around and collect latinum from 5 other people and suddenly have 3000 slips without placing a bet...

So I'm thinking either:
a) No transfers allowed.
or
b) Only payouts can be transferred, but not any of the initial 500 slips. So you can only get money from active participants.

Title: Re: FGBO-approved Betting: Round of 16
Post by M`rek on Feb 19^th, 2005, 5:05pm

Yep. 60 each for K'Tar and Ta'pez. 30 for Tal'vur (Don't know if can bet for the opponent of one betting on lol

Title: Re: FGBO-approved Betting: Round of 16
Post by Thena on Feb 19^th, 2005, 5:32pm

M'Rek:
60 on K'Tar match at 1:4 pays 67
60 on Ta'pez match at 1:4 pays 67
30 on Tal'Vur match at 1:5 pays 32
Remaining Latinum: 350 slips

You are more than welcome to bet both sides of a match. The house will be quite happy to collect your fees.

For example, Ta'pez is a 4:1 favorite, so placing 80 on Ta'pez (pays 1:4) would win you 90. Placing 20 on his opponent (at 4:1) would also win you 90. So for a total bet of 100, the house takes 10% in fees (10), and you are guaranteed to get the other 90 back.

Title: Re: FGBO-approved Betting: Round of 16
Post by JakeNess on Feb 19^th, 2005, 6:43pm

For next year, Thena's betting establishment should be IC!

Hey, Thena, how much would 20 slips pay if placed on Taj'vl for the first playing character match of next year's tournament?

Title: Re: FGBO-approved Betting: Round of 16
Post by FADM Tomas Wolfe on Feb 19^th, 2005, 7:52pm

All of it on Wolfe beating Davidian

Title: Re: FGBO-approved Betting: Round of 16
Post by JakeNess on Feb 19^th, 2005, 8:40pm

betting on your own character? I haven't seen that yet. But I am sure Thena takes money in all forms...

Can you bet with land? I have a few acres in Montana.... ;D

Title: Re: FGBO-approved Betting: Round of 16
Post by Thena on Feb 19^th, 2005, 9:24pm

FADM Tomas Wolfe wrote:

All of it on Wolfe beating Davidian

While under normal circumstances the FGBO allows competitors to bet on themselves, for this particular event, it was felt that to do so would disrupt the integrity and honor of the competition, so betting on yourself is disallowed.

Title: Re: FGBO-approved Betting: Round of 16
Post by JakeNess on Feb 19^th, 2005, 9:26pm

Thena wrote:

Since when did the Ferengi care about "honor and integrity"?

Title: Re: FGBO-approved Betting: Round of 16
Post by Dan on Feb 19^th, 2005, 9:27pm

Ness: I'm guessing since the Klingons on the station may get irked if they allowed competitors to fight dishonourably ;)

~Dan

Title: Re: FGBO-approved Betting: Round of 16
Post by JakeNess on Feb 19^th, 2005, 9:41pm

why are you always the one who responds to what I say? ;D

HOW DO I GET AWAY FROM YOU?!?!?! :o

Title: Re: FGBO-approved Betting: Round of 16
Post by Dan on Feb 19^th, 2005, 9:44pm

Erm you don't ;D

~Dan

Title: Re: FGBO-approved Betting: Round of 16
Post by FADM Tomas Wolfe on Feb 20^th, 2005, 12:23am

Hmmm, that sucks... I'd bet on Davidian then... but I know he's going to lose :-)

Oh well, the Ferengi's can do without the house fee's from me then :-)

Title: Re: FGBO-approved Betting: Round of 16
Post by Thena on Feb 20^th, 2005, 2:02am

JakeNess wrote:

Since when did the Ferengi care about "honor and integrity"?

I remind you of the 190th Rule of Aquisition:
"Hear All, Trust Nothing".

K'Hare is about to send out match results for the Round of 16, so betting is now officially closed.