Betting: Difference between revisions
Foo Fighter (talk | contribs) |
Foo Fighter (talk | contribs) |
||
Line 32: | Line 32: | ||
Can Racers bet on themselves?<br> | Can Racers bet on themselves?<br> | ||
Racers betting on themselves or on other racers (''inside bets'') are accepted solely at the bookmakers discretion, and may be refused. The bookmaker also reserves the right to limit these bets to $1M stake and/or to offer the bet at reduced odds, by shaving 1 off the odds (i.e. a 4/1 odds racer getting 3/1 on his self-bet). We do not want any fraudulent betting.<br> | Racers betting on themselves or on other racers (''inside bets'') are accepted solely at the bookmakers discretion, and may be refused. The bookmaker also reserves the right to limit these bets to $1M stake and/or to offer the bet at reduced odds, by shaving 1 off the odds (i.e. a 4/1 odds racer getting 3/1 on his self-bet). We do not want any fraudulent betting.<br> | ||
Further, you will not be able to bet on yourself if you are a late entry for the race. Your intention to race should have been stated 24hr prior to the race start, so that odds can be quoted on you.<br><br> | Further, you will not be able to bet on yourself if you are a late entry for the race. Your intention to race should have been stated 24hr prior to the race start, so that odds can be quoted on you. For example by posting on Miharu's DR announcement on the VO forum, or by stating your intention to TBS | Foo Fighter | Miharu.<br><br> | ||
What assurance do I have that I will get paid out my winnings?<br> | What assurance do I have that I will get paid out my winnings?<br> | ||
You have credit risk on Foo Fighters Betting Shop, having said that, Foo Fighter has set aside tens of millions of credits as risk capital (reserves) to cover any sustained losses in the Betting book over a couple of weeks. So the Betting shop will '''Always''' honor all legitimate bets and payout.<br><br> | You have credit risk on Foo Fighters Betting Shop, having said that, Foo Fighter has set aside tens of millions of credits as risk capital (reserves) to cover any sustained losses in the Betting book over a couple of weeks. So the Betting shop will '''Always''' honor all legitimate bets and payout.<br><br> |