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Post by brzenk on Mar 25, 2005 22:39:09 GMT -5
The Plaza’s sports book computer is going to organize betting on the pro tournament on Saturday.
Bring cash to back your favorite of each class or to cover the long shots if the money is right....
High rollers that enjoy a little live action on their wager...Armwrestling Plaza April 16th.
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Post by Bad Draw Rhodes on Mar 25, 2005 23:55:11 GMT -5
Let the gambling begin.
I will wager $100,000.00 on John R Brzenk and the same on Barboza .
WIN
PLACE
SHOW...........gimme de odds man.
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Post by Neil Pickup on Mar 26, 2005 8:12:45 GMT -5
Now that I would bet on !!! sounds like THE DOGZ John I would definately have some of that. Iwould love to see what odds I would get on an accumulator across all classes for picking the winner. ROLL ON !!!  Fat Lad Pix Esq.   ($100,000 THATS typically confident of ya Andy Cobra) |
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Post by brzenk on Mar 26, 2005 10:40:18 GMT -5
The computer will calculate a shared stake for numerous backers for each armwrestler.
The amount of money won is dependent on two factors.
The amount of money placed on all the other competitors in that class. That is the total prize pool of money to be received by the winners.
And the ratio of your money bet on the winner vs all others that bet on the same winner.
So the more you bet on the winner the higher your ratio to receive most of the pot…so a much smaller bet on someone that know one is betting on will create a huge payout based on the total amounts of all the others including the favorites, and the lack of others that you will have to share your winnings with ….automatic odds.
So it’s like a huge Calcutta but any armwrestler can be shared by numerous backers.
Odds on your return will automatically be recalculated dependent on all money bet across the field.
Now the announcer can truly say ….he is the odds on favorite.
Should be fun.
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Post by jamesretarides on Mar 26, 2005 20:21:45 GMT -5
Sort of reminds me of Jai Alai. |
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Post by Sol "Arm and Hammer"Ingram on Mar 26, 2005 20:35:03 GMT -5
John
Now that there will be bets on the competitors, and most will place their bets on the favorites, but what about one of those betting favorites putting money on the other guy..just to win a larger amount. In boxing it was common and called a dive...I hope i am not the only one who thinks this could happen...
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Post by brzenk on Mar 26, 2005 22:04:57 GMT -5
The problem is which of the top 6 or 8 guys in the class are going to make it to the finals to take a dive too...
This isn’t boxing where there are only 2 guys Sol.
You then have to be sure about second ...this might be just as hard if not harder to guess.
All betting will be complete before the first match starts no betting on individual matches.
I’m sure this will be very spread out and small time to start.
Trial run to see how it works ....
Leonard and Denise’s Calcutta has worked in the past.
This just allows everyone to participate.
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Post by Olin Lucas on Mar 27, 2005 18:15:08 GMT -5
This tournament sounds like it is getting better and better as the last weeks close in.
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Post by enginterzi on Mar 27, 2005 18:27:08 GMT -5
154 cobra
176 gashevski
198 brzenk
242 bath
supers voevoda
left hand
154 terzi
176 hughes
198 klimenko
242 barbosa
supers espey
if all thes names comes to vegas then im ready to bet.
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Post by Sol "Arm and Hammer"Ingram on Mar 28, 2005 1:02:44 GMT -5
Thanks John
Thats why i dont play cards or gamble, the only bet i might place is that it will not be me in the finals..LOL..I appreciate the breakdown of how it works though, This will sure make things interesting and should draw in those extra fans... Lookinf forward to this... Thanks Sol
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