==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>
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==
Odds will be quoted both in the VO forum in the RP section, and in-game, either on [100] or sometimes on [500] or in your sector. A typical set of odds is:
4/3 * Katrina Le-Feir * favourite
52/3 1 . Mick
5/2 . Jestatis Bess
8/3 . Waldoze
4/1 . Cranston Gorky
4/1 . Crello Yoma 45/1 . Maiz Man
These are fractional odds quoted English-style. If your racer wins, you get the fraction quoted back as profit, plus your stake. To take an example, if you wager $1M on Cranston Gorky at 4/1 and he wins, you would get $5M winnings as: $4 profit + $1 stake back to you. In this example Katrina is shown as the favourite, her odds are the ''shortest'' (or most likely). If you wager $3M on Katrina at 4/3 and she wins, you would get $4M profit + $3M stake back = $7M winnings. Clearly the odds have been quoted by the bookmaker such that Cranston Gorky is a ''long shot'' compared to the favorite, Katrina. (Sorry racers this is intended solely as an illustration, good luck to both of you :-) ). Sometimes 4/1 will be called ''4/1 against''. 1/1 is known as ''even money'' and basically means: double your money. In some cases a racer may even be the ''odds-on favourite'', for example with a 3/4 quote, which means you win $1.75M total for $1M bet ($0.75M + $1M). If you have any doubt about understanding the odds, I would encourage you to either look a the wiki: [http://en.wikipedia.org/wiki/Fixed-odds_betting] or ask Foo Fighter ingame.
==Questions==
What is the minimum stake?<br>
Minimum stake 100,000c and Maximum stake $3M 2.5M per bet (and $8M 5M across your positions if you do cover-bets). Please only gamble if you can afford to lose your stake. If you are a n00b, then go take some Trade Convoy Escort Missions :-)<br><br>
How come the odds are changing? I thought it was fixed-odds?<br>
Well the odds agreed with you for your bet ''are'' fixed, and will be honored. However over time new customers may be quoted slightly different prices, as the betting book fills up. For example if there is heavy betting on Maiz Man, the bookie may update his odds from 4/1 to 3/1 and even 2/1, for new punters. This is done to risk-manage his book, to reflect updated information, and as the lineup becomes clearer closer the day of the race<br><br>
Sorry, if your racer no-shows, DNFs (Did not finish), raced under a secret identity, or (god forbid) was disqualified, then it counts as a loss. Please consider that piracy of the Deneb Run does result in DNFs for some racers (generally not the most skilled, though).<br><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>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>
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>
Who can I complain to or give feedback to?<br>
All feedback goes to Foo Fighter. We aim to please customers an and always deal in an honorable and transparent fashion. Please do not go and bitch to any Deneb Run MCs.<br><br>
==Tips==
TBC.
==Terms and Conditions==
* The Betting activity is a private business of myself and is not backed, endorsed nor underwritten by any guild, including [ITAN].
* I maintain reserves from time to time to ensure full payout on bet. Punters have Credit risk on my name.
* I Foo Fighter may from time-to-time race in the Deneb Run, at my his discretion. In those cases, odds are quoted on Foo Fighter.
* all odds are quoted English-style, fractional odds.
* Note also that if your racer does not finish (DNF), was pirated, did not show up, (or god forbid got disqualified) then it counts as a loss.
* 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).
[[Category:Racing]]