Bookie How To Guide

[anthony]

Updated the odds title in the original post with a link to a good odds portal website that uses an average from several bookie sites to calculate a more rounded odds for a match.

 

[Lady of Longbourn]

I am sorry but I don't think I will be able to do this anymore. It's a bit to much for me stress wise and I am getting to busy off the forum getting ready school.

Sorry. :(

 

[anthony]

Not a problem...

 

[anthony]

Added into the odds section about this using the US odds system, not the European one. The US one works calculating the actual win amount + returning your initial investment. The European one only pays the win amount, keeping the initial investment.

In other words, if you enter odds 1.50:1, then for every dollar you bet, you get $1.50 + your initial dollar back. That is the winning odds.

European, if you enter odds 1.50:1, then for your dollar bet, you get back a total of $1.50.

Something to think about when now entering odds, as I only just noticed this returning initial investment + winnings.

So to pay 0.50 on every dollar, you would enter 50 / 100 into the odds for each outcome, so that for every dollar bet, the person gets back a total of $1.50. Being their initial investment of $1 + 0.50 win.

 

[piratelady]

When I set up those few games while you were away, figuring out the odds gave me the most trouble. Figuring out how to set up the games on this site, wasn't hard at all. Then it came to the odds and took me forever to figure out. I'm glad you've added it for the others.

 

[anthony]

The system will be switched over today to what I believe is standard, being you bet $1 at 1.50 odds, you get back in total $1.50. The odds entered would be 50/100, meaning 50 cents in the dollar.

All games entered after the existing tennis matches for today, are already done so using the new system. They will show as lesser figures right now, though after 10 am my time, they will show correctly as 1.50 odds and such, and the return on settling will only pay $1.50 total, as an example.

 

[anthony]

I did an update on this today... thus there is no longer the settle by requirement, as it automatically sets for settlement once closed, and the description is now optional, not mandatory.