Bitcoin Forum

Economy => Gambling => Topic started by: electronicash on December 01, 2015, 07:33:06 AM



Title: understanding betting match
Post by: electronicash on December 01, 2015, 07:33:06 AM


I'm trying to bet an MMA fight Holloway v Stephens and when i try to click the fight to choose Holloway it says


Quote
Your Selection : Max Holloway @ 1.19

Max Stake : 1 BTC


what does @ 1.19 mean?


Title: Re: understanding betting match
Post by: mexxer-2 on December 01, 2015, 07:35:09 AM
I believe that means the payout if you win, any sports bettor is free to prove me wrong though


Title: Re: understanding betting match
Post by: electronicash on December 01, 2015, 07:59:18 AM
does this mean if I just bet with just 0.02 btc I get to win 1.19 btc still?


Title: Re: understanding betting match
Post by: mexxer-2 on December 01, 2015, 08:07:52 AM
does this mean if I just bet with just 0.02 btc I get to win 1.19 btc still?
No it means you win 0.0038 and you get your wager back


Title: Re: understanding betting match
Post by: iv4n on December 01, 2015, 08:08:26 AM
does this mean if I just bet with just 0.02 btc I get to win 1.19 btc still?

No that means if u bet with 0.02 u will get 0.02 x 1.19 = 0. 0238. That 1.19 is the odd.
Here is the calculation: winnings = (odds * stake) – stake. Let’s illustrate it with some examples :

    9.0 can be calculated as (9.0 * BTC10 stake) – BTC10 stake  = BTC80 winnings.
    4.0 can be calculated as (4.0 * BTC10 stake) – BTC10 stake =  BTC30 winnings.
    2.5 can be calculated as (2.5 * BTC10 stake) – BTC10 stake = BTC15 winnings.
    1.25 can be calculated as (1.25 * BTC10 stake) – BTC10 stake =BTC2.50 winnings.

That’s it! Hopefully that clears up betting odds for you. Good luck.


Title: Re: understanding betting match
Post by: electronicash on December 01, 2015, 08:11:53 AM
I see. thanks for clearing this up.  I'm not sure If i wanted to bet that way anymore.
Is there any betting site which you get to bet 0.02 and win 0.02 as well?

by the way, i clicked  Jeremy Stephens and if i chose him its
Quote
@ 4.2

This mean i get to win more right?


Title: Re: understanding betting match
Post by: mexxer-2 on December 01, 2015, 08:12:42 AM
I see. thanks for clearing this up.  I'm not sure If i wanted to bet that way anymore.
Is there any betting site which you get to bet 0.02 and win 0.02 as well?
Its the odds, higher odds mean that there is a less chance of winning. I'm sure the site you're on gives high odds as well, i.e in your case 2x


-snip- 1btc back + 2 btc ass your winnings.
Lol


Title: Re: understanding betting match
Post by: BitBatFan on December 01, 2015, 08:19:01 AM
Odds are the basics of sport betting. If you're betting 1 BTC on odds 2, you'll receive your 1 BTC back (if you win) + 1 additional BTC as your winnings.
If odd is x3 you'll on receive your 1btc back + 2 btc ass your winnings.


Title: Re: understanding betting match
Post by: KIMMY91 on December 01, 2015, 08:32:31 AM


I'm trying to bet an MMA fight Holloway v Stephens and when i try to click the fight to choose Holloway it says


Quote
Your Selection : Max Holloway @ 1.19

Max Stake : 1 BTC


what does @ 1.19 mean?


Well, just like mexxer said, yes its a payout that u will get if u win, i believe.  In case u want to bet 0.01 then, u will get around 0.0019.. If u bet 0.02,then u will get 0.0038.. That 1 refer to 1x (ur bet). That i know for now.


Title: Re: understanding betting match
Post by: equator on December 01, 2015, 08:48:18 AM
I see. thanks for clearing this up.  I'm not sure If i wanted to bet that way anymore.
Is there any betting site which you get to bet 0.02 and win 0.02 as well?

by the way, i clicked  Jeremy Stephens and if i chose him its
Quote
@ 4.2

This mean i get to win more right?

ya if you bet on above x2+ you will get more like if you are betting for 3.5 odd to win then if you are betting 0.01btc x 3.5 odd you win 0.035btc this is the basics of sports betting, but if the team losses then dont think that you will get any thing you will just lose your bet amount 0.01btc.


Title: Re: understanding betting match
Post by: poplolnman on December 01, 2015, 08:54:19 AM
Seriously you need to learn more about betting glossary , here is the link i can provide for you op

Code:
http://www.online-betting.me.uk/m/betting-glossary.html

You need to read some article regarding online betting too. I beleive this is the first time you come to online gambling right?
Goodluck and have fun.


Title: Re: understanding betting match
Post by: ronaldo40 on December 01, 2015, 09:22:37 AM
it's simple @1.19 = odds

example : Your Selection : Max Holloway @2
max stake 1 BTC. so you bet 1 BTC for odds 2 and if you win you got 2 BTC


Title: Re: understanding betting match
Post by: Patatas on December 01, 2015, 01:59:04 PM
Yeah if I'm not wrong those are odds for your bet.For example consider a match between
Floyd Maywheather vs Manny Pacio
If you open up your bet control it will show something like :
 Floyd Maywheather @ 1.9
Manny Pacio @ 3.1

This means if you want to be 0.1 btc's on Floyd Maywheather you will get *1.9 of the your bet which is 0.19 in this case and if you bet on Manny Pacio you should get *3.1 of your total bet amount.


Title: Re: understanding betting match
Post by: Pk880058 on December 01, 2015, 02:35:44 PM
its a very simple betting in sports, the odd which you bet are the odds you will win if your bet wins, like example

their is a match between pak vs eng

pak = 1.70 odd
eng = 2.50 odd

now if you bet on pak 0.01btc @ 1.70 odd you will win = 0.017btc

if you bet on eng 0.01btc @ 2.5 odd you will win = 0.025btc

thats it so simple no complication in this bets, i think your doubts are cleared now


Title: Re: understanding betting match
Post by: electronicash on December 25, 2015, 02:50:42 AM
 i am not winning much, which site has better odds?


Title: Re: understanding betting match
Post by: mobnepal on December 25, 2015, 03:37:46 AM
i am not winning much, which site has better odds?
There are many betting site which have better odds like cloudbet, directbet and nitrogensports. First look on all of the sites and choose where to bet with best odds for the particular match. Odds are different because the commision sportsbook like to take are different.


Title: Re: understanding betting match
Post by: equator on December 25, 2015, 04:49:40 AM
i am not winning much, which site has better odds?

winning not much is not bad atleast you are not loosing, you have to play in play then you will get high odds that time you can bet on your bet. for this is think directbet.eu is good for live inplay betting. because they give cricket also for inplay betting their odds are also good.