Is it possible to bet something other than the odds line?

[rambro]

For instance, I setup a prop on the All Star game. I gave the NL and the AL odds. But what if I want to bet an over under on the score? Or the winning teams runs, etc.?

 

[Bob]

You can have as many outcomes on an event as you wish. I do over/under outcomes and Props all the time.

My typical NFL Events during the regular season look like this

Raiders ML 100/110
Chiefs ML 100/120
Raiders -3 100/110
Chiefs +3 110/100
Over 52 100/110
Under 53 100/100
Raiders 3+ TDs 5/1
Chiefs 3+ TDs 4/1
McFadden 100+ yards rushing 2/1
Eric Berry 1+ INT 4/1
Raiders score first 100/110
Chiefs score first 100/110
First score either team FG 2/1
First score either team TD 3/1
First score either team Safety 25/1

NOTE: The above is ONE event with several outcomes. You don't need to create dozens of events for the same game with 1 or 2 outcomes.

 

[rambro]

So how do you structure an outcome for something like beating the spread? Or taking the points. I see that you've done it. I just don't quite get how. I've had a few people ask because all there is to input is the odds box.

 

[Bob]

How to create a Spread outcome:

Outcome name: Raiders +3 <--- that is a SPREAD
ODDS: 100/140 <--- those are the payout odds

Raiders 9 (12), Chiefs 13 (does not pay)
Raiders 10 (13), Chiefs 13 (Pays or Push) (Some places will push this, some will pay this. Its up to YOU and your board rules). **
Raiders 11 (14), Chiefs 13 (Pays)


** NOTE: To PUSH, you can delete the outcome prior to settling (if there are any wagers on it) and it will return their stakes. I will be adding in PUSH functionality at some point so that you don't have to do this.

 

[Bob]

Now, the same game as above but with a spread for the chiefs..

Outcome name: Chiefs -3 <--- that is a SPREAD
ODDS: 100/150 <--- those are the payout odds

Raiders 9, Chiefs 13 (10) (Pays)
Raiders 10, Chiefs 13 (10) (Pays or Push) (Some places will push this, some will pay this. Its up to YOU and your board rules). **
Raiders 11, Chiefs 13 (10) (Does not pay)

 

[rambro]

But if you're paying 100/100, isn't that a wash? Wouldn't it be the same as 1/1 odds? So what are they winning/losing there?

Sorry, its been a long day and I'm sick, but I'm just not seeing it. And I gamble!

 

[Bob]

100/100 was an EXAMPLE. I just changed the payout odds for the examples to 100 to 140 and 100 to 150.

When you make a bet, you put down a STAKE (that is a wager). When the outcome you wager on PAYS, you get your STAKE back, plus any winnings. So when you stake $1 on a 100/100 bet and win, you get $2 back (your $1 stake, plus $1 winning).

 

[rambro]

Christ, I thought you meant that you had to set even odds to get the system to make a non-odds payout. Told you I'm off my game tonight.

 

[Bob]

Christ, I thought you meant that you had to set even odds to get the system to make a non-odds payout. Told you I'm off my game tonight.

lol, thats OK

 

[majesty95]

Ok, if I'm reading this right, does that mean your moneyline (-200) bet would be 200 to win 100 or 100 to win 50? Its still a little confusing to me

 

[Bob]

You need to convert MONEY LINES into fractional payout odds (there are 100's of converters available online to do this). I think then it will make more sense to you.

http://sportility.net/oddsconverter/ this one has an OK one to use.

Raiders ML 100/110 (That means you'd win 100 for every 110 you put down)
Chiefs ML 100/120 (That means you'd win 100 for every 120 you put down)

 

[majesty95]

You need to convert MONEY LINES into fractional payout odds (there are 100's of converters available online to do this). I think then it will make more sense to you.

http://sportility.net/oddsconverter/ this one has an OK one to use.

Raiders ML 100/110 (That means you'd win 100 for every 110 you put down)
Chiefs ML 100/120 (That means you'd win 100 for every 120 you put down)

After using the odds converter you linked, it looks like it is still money line-esque. -180 gives me 5/9 which if you multiply by 20 is 100/180. Conversely +200 is 2/1 or 200/100. So, in theory, I could list all my lines as moneylines. What you bet on the right will give you the odds on the left if you win. Right?

 

[Bob]

Pretty much it in a nut shell a ML is just a short cut version of Fractional Odds.

 

[majesty95]

Any possibility of adding parlays at some point?

 

[Bob]

You can already do parlays..

Event: NFL Week 2 Parlays

Outcome: AFC West Rules (Raiders, Chiefs, Broncos, Changers win) 25-1
Outcome: The Dirty Bird gets the worm (Falcons, Cards, Eagles, Seahawks win) 10 - 1
Outcome: NFC Rules (all NFC teams vs AFC teams win) 50 - 1
Outcome: AFC Rules (all AFC teams vs NFC teams win) 50 - 1
Outcome: Raiders, Lions, Packers, Niners, Bucs, Giants win 20 - 1

Then when the week is over, you payout any of the parlay's that are TRUE.

 

[majesty95]

You can already do parlays..

Event: NFL Week 2 Parlays

Outcome: AFC West Rules (Raiders, Chiefs, Broncos, Changers win) 25-1
Outcome: The Dirty Bird gets the worm (Falcons, Cards, Eagles, Seahawks win) 10 - 1
Outcome: NFC Rules (all NFC teams vs AFC teams win) 50 - 1
Outcome: AFC Rules (all AFC teams vs NFC teams win) 50 - 1
Outcome: Raiders, Lions, Packers, Niners, Bucs, Giants win 20 - 1

Then when the week is over, you payout any of the parlay's that are TRUE.

Gotcha. That makes sense. I was thinking more along the lines of the user creating their own parlay but I can work with that.

 

[Bob]

ah, ya.... that would be fairly complex. I believe (I'd have to check) that someone requested that already.