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tjcinnamon
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Post subject: Round Robin Bet Question  Posted: Tue Apr 12, 2011 11:02 pm |
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Joined: Tue Apr 12, 2011 11:00 pm
Posts: 30
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I'm relatively new to betting and I am trying to wrap my head around a round robin.
Is the "number of ways" where if I picked 7 fights (odds displayed below) and would only have to pick 3 of the 7 to win 397.38? Or would it be 397.38 - 175.00?
-325
-145
-500
-130
-300
-300
-125
2 WAYS
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21 * 5 = 105 risk
win 127.31
3 WAYS
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35 x 5 = 175 risk
win 397.38
I'm also not sure if this is in the right forum section.
Thanks,
JOe K.
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mizantrop
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Post subject: Re: Round Robin Bet Question Posted: Wed Apr 13, 2011 6:42 am |
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Joined: Fri Apr 10, 2009 2:06 pm
Posts: 258
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tjcinnamon
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Post subject: Re: Round Robin Bet Question Posted: Wed Apr 13, 2011 6:11 pm |
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Joined: Tue Apr 12, 2011 11:00 pm
Posts: 30
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I checked it and it helped for sure but I still don't fully understand it.
As I posted it before:
-325
-145
-500
-130
-300
-300
-125
3 WAYS
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35 x 5 = 175 risk
win 397.38
Does this mean if any of these 3 fighters win (-500, -300, -300) I'd win the entire bet? Also, would I subtract some risk from it? Or does it mean that I would win all combinations of the 3 ways (with equal odds) and then subtract all the bets I lost?
Thanks,
JOe K.
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mizantrop
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Post subject: Re: Round Robin Bet Question Posted: Wed Apr 13, 2011 7:29 pm |
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Joined: Fri Apr 10, 2009 2:06 pm
Posts: 258
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_________________
Wir sind hier, wir sind dort, wir sind immer für euch da
Doch wer wir wirklich sind werdet ihr nie erfahren
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JOe K.
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Post subject: Re: Round Robin Bet Question Posted: Wed Apr 13, 2011 10:57 pm |
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Joined: Sat Aug 15, 2009 10:05 pm
Posts: 3
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With Bodog it only gives you the option to pick winners and then gives you a round robin. Money is distributed evenly through each bet. Meaning I can't bet 7 on one and 3 on another.
Are you saying that they winnings would be different depending on the outcome of the fights?
Like I'd potentially win more if 4 of the fights won and less if only 3 of the fights won. Moreover, would it mean that if a -500 guy won I would win less than if a -200 guy won?
It's deceptive because they give you one winning result but don't really say how that amount is won. The way I interpret it is if 3 fighters out of the 7 win then you win the money displayed (however, I think that may be wrong).
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JOe K.
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Post subject: Re: Round Robin Bet Question Posted: Wed Apr 13, 2011 11:04 pm |
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Joined: Sat Aug 15, 2009 10:05 pm
Posts: 3
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Would a good way to go about it say would be to say 35 x 5 = 175 risk win 397.38. Mean that every combination I would win would make 11.35 (397.38/35) and every losing combination I'd lose 5? Then if all 7 win I win a max of 397.38? So each team is assigned the same odds?
Thanks,
JOe K.
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JOe K.
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Post subject: Re: Round Robin Bet Question Posted: Thu Apr 14, 2011 3:24 pm |
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Joined: Sat Aug 15, 2009 10:05 pm
Posts: 3
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I got it figured out. Now I just need to get the equations on how to calculate it on a spreadsheet. I can do it for parlays but I am having problems figuring it out for round robin teams.
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Dent
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Post subject: Re: Round Robin Bet Question Posted: Fri Apr 15, 2011 1:29 am |
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Joined: Tue Apr 07, 2009 12:53 pm
Posts: 12847
Location: In front of you
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Do they say anything about Batman?
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