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[Clint]

Okay guys here's how this works: Everybody should have 500 vbookie dollars on their accounts. At some point in the future you may be able to use these dollars to buy things like a bold username or little icons or things like that. Right now we honestly don't know how to set up those feature but you can still bet the dollars.

So, I figured I would test out holding a betting competition. Above are all of the fights at UFC 66 and their odds (from pinnacle). Bet on any of the results that you wish and after the event you will recieve any of the dollars that you won.

If this turns out to work well I may hold a competition where I post the odd to each UFC/Pride event and whoever has the most money after 6 months (or whatever timeline we decide on) will win. So everybody have fun and let me know what you think.

[Clint]

Hot damn fellas. This is going well. There has already been 5000 vbookie dollars bet on the event.

[strife]

explain how it works exactly, the odds i mean

[bboyphl]

The concept of online betting without actually losing money is an interesting idea. Thanks Clint. Oh yeah, answer my question in the General questions thread.

[Matt Boone]

Looks pretty gangstered out to me. I wasn't quite sure how to bet. I put 200 on Bisping over Schafer, 150 on Arlovski over Cruz, and 150 on Liddell over Ortiz. I figure bet the one's your most sure of, but then wondered about the odds and how that effects how I should be betting...

[Clint]

Originally Posted by strife

explain how it works exactly, the odds i mean

You can look at the odds in 3 different ways:
* win/bet
if you bet 256 on liddell you will win 100 (plus your 256 back) if he wins
if you bet 100 on Tito you will win 236 (plus your 100 back) if he wins

* If you understand online betting odds
Liddell is effectively -256
Tito is effectively +236

* You can also look at the decimal number and you will win that many "dollars" for every 1 you bet

[strife]

that's what i thought, just wanted to make sure

[ozzy2525]

u could also make it like 3/1 to 1/1 because the real odds makes it really dfficult to win a lot of points

[strife]

shouldn't this be stickied or in its own forum?

[Palma]

Originally Posted by Clint

You can look at the odds in 3 different ways:
* win/bet
if you bet 256 on liddell you will win 100 (plus your 256 back) if he wins
if you bet 100 on Tito you will win 236 (plus your 100 back) if he wins

* If you understand online betting odds
Liddell is effectively -256
Tito is effectively +236

* You can also look at the decimal number and you will win that many "dollars" for every 1 you bet

exactly like baseball.