Site News 2024 PatsFans.com Sportsbook Contest (Props Now Available)

[jmt57]

Updated through the afternoon games:

PatsFans.com Weekly Sportsbook Contest Standings - Week 1 Results

www.patsfans.com

And I’ll be adding a page breaking down each entry and the results on a page so that people can see how much they won/lost on each one.

Surprised to see two people actually off to a worse start than me.
Should have put more coins on the Saints against Carolina.

Congrats to @BadMoFo @Ian and @ViperGTS on their quick starts.


Ironic that Viper is simultaneously near the bottom of the standings in the Weekly Picks contest.

 

[Pape]

maybe someone would be kind enough to explain all this gambling to me... i mean like wtf is a money line?

its not something i do... and as you can see by the results, i didn't do so hot... just kinda tossed 5k here, 10k there, 1g here, 2500 there...

 

[jmt57]

maybe someone would be kind enough to explain all this gambling to me... i mean like wtf is a money line?

its not something i do... and as you can see by the results, i didn't do so hot... just kinda tossed 5k here, 10k there, 1g here, 2500 there...

It's sort of a combination of a straight bet (all you have to do is pick the winner) and the spread.

The payout is larger or smaller based on the team that is favored.

Picking a heavily favored team means that you have to risk a lot, with a smaller reward.

Picking an underdog will have a larger payout.



If, for example, a game had a money line of Team A (+150) and Team B (-170), then you know two things:
Team B is expected to win, and a bet on it will also pay out less, because it is favored.

The numbers next to the teams, such as +150 and -170 in the example above, represent the money line payouts, and they’re connected to the odds.

The negative number shows how much has to be risked to win a $100 payout.


In the example above, by picking the favorite (Team B), you have to risk $170 to win $100.

Conversely, if you spend $100 on Team A and they pull off the upset, then you win $150 (+150).


But unlike the spread, if Team A covers the spread, but still loses - you lose.
Similarly as long as Team B wins, even if it is only by one point when they were favored by much more, you still win.

 

[borg]

Are vigs being charged?

Down $990 more than I bet

 

[jmt57]

Are vigs being charged?

Down $990 more than I bet

I think it's because it is holding money already wagered in games not yet finished, but don't quote me on that.

 

[Ian]

Are vigs being charged?

Down $990 more than I bet

Shouldn't be. The winning initial wager will be returned after the week closes.

 

[Ian]

Are vigs being charged?

Down $990 more than I bet

The "Results" column is just the total of the wins/losses. A losing bet is part of that total. The winning amount is the amount you won not including the wager (since you didn't lose the wager).

And again, winning wagers aren't deduced and will be in your total balance. That will be reflected after the week closes following tomorrow night's game.

 

[Ian]

It's sort of a combination of a straight bet (all you have to do is pick the winner) and the spread.

The payout is larger or smaller based on the team that is favored.

Picking a heavily favored team means that you have to risk a lot, with a smaller reward.

Picking an underdog will have a larger payout.



If, for example, a game had a money line of Team A (+150) and Team B (-170), then you know two things:
Team B is expected to win, and a bet on it will also pay out less, because it is favored.

The numbers next to the teams, such as +150 and -170 in the example above, represent the money line payouts, and they’re connected to the odds.

The negative number shows how much has to be risked to win a $100 payout.


In the example above, by picking the favorite (Team B), you have to risk $170 to win $100.

Conversely, if you spend $100 on Team A and they pull off the upset, then you win $150 (+150).


But unlike the spread, if Team A covers the spread, but still loses - you lose.
Similarly as long as Team B wins, even if it is only by one point when they were favored by , you still win.

I'm going to be adding a page that will list out the individual wagers and the result, which will make it easier for people to see it more clearly and alert me to any issues. Actually working on that right now.

 

[jboston19]

I have only the slightest idea of what I was actually wagering on. I’m actually appalled that I’m doing as reasonably well as I am doing.

 

[borg]

Shouldn't be. The winning initial wager will be returned after the week closes.

Duh on my part
Forgot money line odds are part of the Houston -2.5 spread bet (-112)

Interestingly both the over 48.5 and the under 48.5 have the same money line -110, as do most of the over/unders

 

[Ian]

Duh on my part
Forgot money line odds are part of Houston -2.5 (-112)

No worries. It sort of sucks right now when you can't see a breakdown of it wager-by-wager. Fixing that as we speak.

 

[borg]

No worries. It sort of sucks right now when you can't see a breakdown of it wager-by-wager. Fixing that as we speak.

Not to get too hung up on pretend betting but if the Week 1 Results page is live....
The "system" miscalculated, and the issue is likely the Miami (-3) wager that ended up being a push (20-17).

Ignoring the tiny money line component, I was
+10,000.......... NE/Cincy under 40.5
-10.000 ......... Houston -2.5
Push................. Mia -3
+15,000............Tampa -3.5
_______________
+15, 000 total

 

[Ian]

Not to get too hung up on pretend betting but if the Week 1 Results page is live....
The "system" miscalculated, and the issue is likely the Miami (-3) wager that ended up being a push (20-17).

Ignoring the tiny money line component, I was
+10,000
-10.000
Push
+15,000
_______________
+15, 000 total

Got you, I'll check into that. And this will get easier to figure out once I have them broken down individually. At least then we'll be able to see each one, so if there are any wagers where the math is incorrect, I'll update the formulas and then just recalculate it.

 

[Ian]

Not to get too hung up on pretend betting but if the Week 1 Results page is live....
The "system" miscalculated, and the issue is likely the Miami (-3) wager that ended up being a push (20-17).

Ignoring the tiny money line component, I was
+10,000
-10.000
Push
+15,000
_______________
+15, 000 total

And can you see all your wagers in the bet slip? Just want to make sure everything from that standpoint is accurate.

 

[borg]

And can you see all your wagers in the bet slip? Just want to make sure everything from that standpoint is accurate.

4 Bets totaling 50K (says I have 625,000 available coins)

Ignoring the tiny money line component.........

+10,000.......... NE/Cincy under 40.5
-10.000 ......... Houston -2.5
Push................. Mia -3
+15,000............Tampa -3.5
_______________
+15, 000 total

 

[Brotherblues]

Looks like it's counting pushes as losses. And then there's some kind of chump change out of whack. Could be hidden casino fees.

 

[Ian]

Looks like it's counting pushes as losses. And then there's some kind of chump change out of whack. Could be hidden casino fees.

Yeah, I'm assuming it's a math thing. No point in there being fees on fictional coins

I'm reviewing the formulas and rewriting some things. The bet types and odds, along with the wagers are obviously correct, so it's just a matter of rewriting the math and then having it recalculate. I knew there would be some early bumps, so once I get it corrected, obviously it'll be good moving forward.

@borg has already helped me out by pointing out his discrepancy. So once I make the itemized wagers available (almost done with that), that will make it easier to pinpoint any other issues.

 

[Ian]

FYI - Wager results are set to zero while I work on correcting a couple of things, so I'll recalculate them in a bit.

 

[Ian]

Results page is back open. You can now click the magnifying glass to view the individual wagers/results.

Please let me know of any issues. I've corrected the push discrepancy from yesterday, and I think I've got everything taken care of, but definitely let me know.

Again, appreciate @borg and @Brotherblues giving me a heads up on this, and feel free to drop a note if you spot anything else.

EDIT: Need to re-run the results again. I'll update in a moment.

 

[Ian]

Re-ran everything with the changes. This should now be accurate, but let me know.