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Tombstone
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Joined: Mon Aug 02, 2004 12:00 pm

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Post by Tombstone »

Hi Everyone,

Here is another addition that some of you may really like. (Especially Valerie with Football Season coming up?!) This is long - but worth reading. :)

vBookie is a 'bookmakers' or betting extension for ForumGarden. It enables authorized members to post Events and Outcomes that forum members can bet on.

Each Outcome has its own set of odds, and odds can be modified through the life of an Event (bets that are placed are stored with the prevailing odds, so even if the odds change, your users are paid at the correct rate).

Once the results are known, Events can be settled and forums members awarded their winnings.

About Odds

Odds of "5/1" are "amount won per amount placed". This means that I would win 5 for every 1 placed. Of course, if I win, I get my stake back as well. Odds of "1/5" means that I win 1 for every 5 placed. I'd have to place 25 to win just 5.

Decimal Odds

Decimal odds are just another way of displaying the same information. 2.0 is the same as 2/1. 0.2 is the same as 1/5. vBookie only lets you specify odds in terms of x/y, but if you think in terms of decimal you can still work out what odds to provide. Simply think of your decimal odds as "2.0 / 1.0" or "0.5 / 1.0" and then multiply each side through by 10 or 100 until there are only zeros to the right of the decimal point, then just take the whole number part.

2.0 / 1.0 has no decimals, so this is the same as 2/1

0.5 / 1.0 has a 0.5, so multiply both parts by 10 to get 5.0 / 10.0. Then you can specify your odds as 5 / 10. You might also realize that this is the same as 1/2. The technique is a simple way to work out any odds you may need to specify.

Odds of 0.65 -> 0.65 / 1.0 -> 65.0 / 100.0 or 65/100. Then you can divide through by 5 to get to 13 / 20, although this step isn't necessary.

We've also included the "Give to the Poor" option:

Use this to specify whether you want vBookie to make a charitable donation to your poorest members whenever there's a new Event to bet on. This means that whenever a new Event is added, anyone with less than 25 vCash (or uCash) is re-set to 25, so that people always have something to play with. By default this is off, so when the money runs out, that's it!

By default no groups or forums are set to allow the addition of a vBookie event. Since the potential for abuse is high (especially when we upgrade FG further and integrate in some additional fun modules), we have restricted the adding of new events / bets to Administrators and Supporting Members.

All registered members, however, have full betting rights.

You may create an event by going directly to the vBookie link in the Navbar above, or click on the vbookie button when creating a new thread.

We hope you enjoy!
Please use the "contact us" button if you need to contact a ForumGarden admin.
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chonsigirl
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Post by chonsigirl »

A way to make us use math! As a teacher, I approve! :wah:
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Tombstone
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Joined: Mon Aug 02, 2004 12:00 pm

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Post by Tombstone »

chonsigirl wrote: A way to make us use math! As a teacher, I approve! :wah:


:D

ForumGarden: Advocates of math teachers across the globe!
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chonsigirl
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Post by chonsigirl »

:-6 Will it be up for my favorite season, basketball too?

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Tombstone
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Post by Tombstone »

chonsigirl wrote: :-6 Will it be up for my favorite season, basketball too?




You bet! (Pardon the pun.)
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BabyRider
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Post by BabyRider »

This sounds FUN, Tombstone!! Any chance it'll be up for the World Series??
[FONT=Arial Black]I hope you cherish this sweet way of life, and I hope you know that it comes with a price.
~Darrel Worley~
[/FONT]










Bullet's trial was a farce. Can I get an AMEN?????


We won't be punished for our sins, but BY them.




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Tombstone
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Joined: Mon Aug 02, 2004 12:00 pm

Want to place a wager on that opinion?

Post by Tombstone »

BabyRider wrote: This sounds FUN, Tombstone!! Any chance it'll be up for the World Series??


Unless ForumGarden blows up, this is a permanent fixture!
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Tombstone
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Post by Tombstone »

Oh! Did I mention that everyone has $500 (funny money) bucks to start with?

:D :D
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Nomad
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Post by Nomad »

I like this. If I read it again will I understand it ? Can you just put up a picture or something ?

I AM AWESOME MAN
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