$4000 where'd it go?

[Chang]

I like golf...link it up with some peoples who do too. Nowings bet limit raised to $10000, ...Awesome.

 

Problem

 

We always go in for $10000 each round. Winner only gets $6000? Where does the other $4000 go?

 

i Chang

 

OT would like to see a golf tournament say like $50000 buy in...just saying

[minifat]

I'd like to know this also. Why don't we gain 100% of bet money?

[GG14876]

House Cut.

 

But more likely, it's to prevent people from shifting cash from one (glitch) account to another ("pure") account.

[wanes]

Kush Kerds conspiracies incoming.

[OBeef619]

You win the $10000 plus $6000 in the winning bet. So you win an extra $6000 on top of your $10000 bet

 

It's not going to come up $16000

[MantisFang]

the money isn't real

[fw3]

the money isn't real

 

Tell that to my accountant. <sigh>

Edited October 11, 2014 by fw3

[Ayylien]

You win the $10000 plus $6000 in the winning bet. So you win an extra $6000 on top of your $10000 bet

 

It's not going to come up $16000

You don't actually, it's broken, the odds are screwed, If you bet the maximum amount, you lose money. It's best just to bet $100.

[Eyecandy]

I like golf...link it up with some peoples who do too. Nowings bet limit raised to $10000, ...Awesome.

Problem

We always go in for $10000 each round. Winner only gets $6000? Where does the other $4000 go?

i Chang

OT would like to see a golf tournament say like $50000 buy in...just saying

you are the oldest gtaf member i have ever seen...

[ZakeBudek]

Um, it doesn't go anywhere. You settle up at the end of the race. If you lost, it will read -$10000. If you won 3/5 you receive +$6000. Why does no one get this? No money is disappearing.

 

Think of real life when you place a bet... no wait, obviously no one here has. Think of a movie. A guy tells a bookie he wants $100 on a horse, and the odds are 2/1. When that horse loses, he owes the bookie $100 -- if he wins, the bookie owes him $200. This is the scenario in movie when the guy loses a lot and owes the bookie money, he gets beat up. We won't talk about vig.

 

Legit betting, the bet is placed at a track/OTB/casino, he would buy a $100 win ticket, and would pay out $100 up front, because businesses aren't giving credit and hoping to be paid later. If he wins, the payout is $100 + the $200 win. You guys seem to be confusing the two and assuming you are losing your fictional GTA $, like R* hasn't put any thought into the game at all "Aduh, what is a bet? Durrrr." That's you guys, not R*.

[Neuling2000]

4000$ for R*

 

[hornedturtle]

Post I made about it

 

http://gtaforums.com/topic/722974-betting-odds-mechanics/?fromsearch=1

 

The odds are based mostly on what is bet on other people, rockstar will always take a cut from the bet. It is just a money sink. Don't bother with betting against friends, and when you do bet, only bet $100

[Mach1bud]

Um, it doesn't go anywhere. You settle up at the end of the race. If you lost, it will read -$10000. If you won 3/5 you receive +$6000. Why does no one get this? No money is disappearing.

 

Think of real life when you place a bet... no wait, obviously no one here has. Think of a movie. A guy tells a bookie he wants $100 on a horse, and the odds are 2/1. When that horse loses, he owes the bookie $100 -- if he wins, the bookie owes him $200. This is the scenario in movie when the guy loses a lot and owes the bookie money, he gets beat up. We won't talk about vig.

 

Legit betting, the bet is placed at a track/OTB/casino, he would buy a $100 win ticket, and would pay out $100 up front, because businesses aren't giving credit and hoping to be paid later. If he wins, the payout is $100 + the $200 win. You guys seem to be confusing the two and assuming you are losing your fictional GTA $, like R* hasn't put any thought into the game at all "Aduh, what is a bet? Durrrr." That's you guys, not R*.

This. You aren't just throwing 10k into a pot and winner gets all. That's not how it works. You never lose money unless you lose the race.

[hugh750]

who maybe it's because not too many players play the golf game??

[rapidwiz]

 

the money isn't real

 

Tell that to my accountant. <sigh>

 

 

Don't tell that to my wife, I tell her I am working and earning real money playing GTA5 .. else she would really be mad I waste hours and hours and days playing a silly useless game ..

Edited October 11, 2014 by rapidwiz

[hesselgren]

dont you get more if the odds are low? i mean if you are say 4 people in a race, one person wins all the time, you dont get much for betting on that guy.

 

but say if you are hustling a playlist, say you lay down the first races, then in the last one you step up and win, if you then have bet on yourself you get better payoff?

[hornedturtle]

dont you get more if the odds are low? i mean if you are say 4 people in a race, one person wins all the time, you dont get much for betting on that guy.

 

but say if you are hustling a playlist, say you lay down the first races, then in the last one you step up and win, if you then have bet on yourself you get better payoff?

It uses the same system as horse races. which means the more money on a horse, the lower the payout. Edited October 11, 2014 by hornedturtle

[Egonga]

Think of real life when you place a bet... no wait, obviously no one here has.

It's not my fault. I've tried - I really have! But my local betting shop reeks of smoke, and it's full of big scary men with those little tiny blue pens which only serves to make them look bigger, and I'm supposed to go in there and ask to put a tenner on 'Mommy's Darling' at the 3.30 at Aintree? They'd eat me alive.

 

Why can't there be any horses called 'I Once Killed A Man With A Tiny Pen And No That Isn't A Euphemism'?

[Egonga]

On topic, the odds alter based on the amount of betting involved. I had an idea a while ago;

 

3 people enter a race with the intention of fixing the result and profiting from gambling on the result.

 

1 player (the winner) bets the max amount on himself. The other players bet the min on themselves so that all players have an active bet. Repeat until the odds become unfavourable for the winner, then the players 'switch' the winner role to one of the other 2. Repeat until rich.

 

However odds are not based on level or performance as I thought they were, but they fluctuated based on the amounts betted to reduce player payout. So for $5000 bets I was only winning $100; because the other two vetted the min amounts, my odds were cut to something ridiculous like 500/1.

[The_Herb]

Ok then look at it this way:

 

I place a $2500 bet on myself when this was the maximum allowed. The only other person in the race bets $100 (this has happened to me a lot). His odds will be 20/1, so if he wins, he gets $2000, but the "bookie" also takes his cut of $500. Now say I win the race. Your odds can't go lower than 2/5, so I would win $1000. Where exactly does the other $900 come from I won since my opponent only bet $100? The bookie. Works both ways. It's all dependent on who bets what, doesn't matter who has a better record.

[hornedturtle]

Ok then look at it this way:

 

I place a $2500 bet on myself when this was the maximum allowed. The only other person in the race bets $100 (this has happened to me a lot). His odds will be 20/1, so if he wins, he gets $2000, but the "bookie" also takes his cut of $500. Now say I win the race. Your odds can't go lower than 2/5, so I would win $1000. Where exactly does the other $900 come from I won since my opponent only bet $100? The bookie. Works both ways. It's all dependent on who bets what, doesn't matter who has a better record.

The other 900 comes from your bet. It can go lower and you can loose money, it is just your win/loss record plays only a small roll in determining your winnings.

[The_Herb]

Lol no I get my $2500 back and $900 on top. Trust me I'm not losing money

[007_eleven]

I wish we had a pot system, winner takes all with all players putting in $10000 in a 16 player lobby. Imagine the ferocity.

[Jedi_n1te]

Lol 4k