Betting: Difference between revisions
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==Betting on Other races or events== | ==Betting on Other races or events== | ||
Betting will be offered on the [[Deneb Run Championship|Deneb Championship Season]] but in this case you need to be crystal clear that you are betting for the Championship, and not an individual race. Please bet only if you are going to be around at the time of Deneb Run 150 to collect any eventual payout.<br> | Betting will be offered on the [[Deneb Run Championship|Deneb Championship Season]] but in this case you need to be crystal clear that you are betting for the Championship, and not an individual race. Please bet only if you are going to be around at the time of Deneb Run 150 to collect any eventual payout.<br> | ||
The betting shop will try to offer bets on other events if there is demand for them. | The betting shop will try to offer bets on other player events if there is demand for them, for example, the Tube Races. | ||
==Understanding the Odds quoted== | ==Understanding the Odds quoted== | ||
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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. 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> | 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 a reply 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> | ||
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* E&OE. | * E&OE. | ||
* Please write down or keep a record of your stake and odds as your receipt. (Of course, I keep a book of them). | * Please write down or keep a record of your stake and odds as your receipt. (Of course, I keep a book of them). | ||
[[Category:Racing]] |