Place your Bets! The Bookie Module is running!

[Quads]

vBookie is here.
I've tested it on the dev. server, and it seems to work well. I've just finished installing it on the production server, and all look OK at this point.

So, first things first, I'll post a few bets that you can bet on and get us started.
Shadow is the Official, *Unofficial* Bookie for the time being. We can add more later as we get going. Admins can also create props that you can bet on. There are some other cool tricks where users can earn enough points to be a book maker themselves. (have more cash than the bookie himself, etc.)

Everyone is starting out with 500 'chips', points, dollas, clams, schamolians, etc. I have *not* installed vCash yet. That will be next. Integrating vCash with vBookie is a longer task than I expected, so I decided to get vBookie up and running seeing the College Football is here, and no time is better than this time to bet against Michigan, USC, or if Swanky will really ....*really* get laid (with proof).

To access vBookie, click the link in the navbar (http://perfectmancave.com/forum/vbookie.php?). This will take you to the main screen which is pretty straightforward on the stats, books, bets, etc. You will see what's open, closed, avail. for betting, summary, overall stats, richest users, and so on.

From there you can click each link to where props (bets) are made. (they are created in individual threads). You can access them / place bets on them from there, or from the thread itself from the OT forum. **Bets will *only* be posted in the OT forum**

To see how many clams, points, chips, schamolians you have, go to a thread where there is a prop which is open for betting. You will see your number of credits you have to bet with. I'm still trying to figure out where to access this information outside of the betting screen. (if anyone can find it elsewhere, I'll give them 100 credits from the bank)

When a prop is created, there will always be odds set for each outcome. Odds are a measure of how much someone will win if they bet on that outcome. Odds of '10 to 1' mean that there's a one in 10 chance that it will be the winning outcome, and for every 1 that someone bets, they will be given 10 back in winnings. Odds of '2 to 5' mean that for every 5 bet, a person will win 2. So if he bets 100 at odds of 2/5, and wins, he will get 140 back (his 100 stake, plus 40 in winnings). If a bet wins, the stake is also returned. If a bet loses, the stake is lost.

There is *always* a time limit on when bets can be placed, and you will be automatically credited when the book maker settles the bet, after the event is complete. (game, race, event, prop bet, etc.)

Look for the threads (which will have a "vBookie" tag next to the post icon) and get your ass in there and place your bets. Remember, you are starting with 500 chips so you should have some bankroll to get you through the first few hoops before you go broke and are out walking the streets looking for a loan. (at which time, I'll have the vCash mod installed)

If there are any questions, please post them here. **NOT** in the betting threads.

[SVTF]

So I understand the above and its cool and I will par take in some betting to see how it works.

But for a person like me (probably about to loose my man card) that does follow sports regularly enough to make profitable bets.

What I am about to ask may be the vcash thing you speak of ...

Is there an option for us non bookies to create pools like Survior/AI and have people just transfer money to us which we can pay back later?

[T]

the pic for the v bookie icon is busted. Don't know if its just me or world wide.

Looks fun Q.

T

[SVTF]

the pic for the v bookie icon is busted. Don't know if its just me or world wide.

Looks fun Q.

T

I guess maybe I should have posted it here:but ...

http://perfectmancave.com/forum/showthread.php?t=5550

So T is that a repost and you owe some pRon?

[Shadow]

But for a person like me (probably about to loose my man card) that does follow sports regularly enough to make profitable bets.

Is there an option for us non bookies to create pools like Survior/AI and have people just transfer money to us which we can pay back later?

Don't worry, SVTF. You chimed in pretty early that you wanted a piece of this action. I don't follow the Survivor/etc crap so you're first in line for the asst. bookmaker position and will fit in well for those types of things! I think Gerd is top on the list for the president of the bank, but I'm not positive on that (I don't think it's my decision...). I think I may recruit Timsta for the prop bet division...

[Shadow]

I doesn't look like vBookie does point spreads, so we have to convert everything to money lines. Bummer. Gonna have to figure that out.

Also, may need a sub-forum for this, or do the bet threads clean up/close automatically after the bet time expires?

And/or a sticky for requesting bets not already entered into the book? Kinda like how Jiggs used to do it.

[Gerdass]

I'm all over the Bank if there is a position for that and the powers that be want me to do it.


Is the bank the only place to get more chips / cash / whatever after you loose it all betting that Swanky will get laid?

[KingGeorge]

Where do the odds come from? Are they set by the bookie or does vbookie get them from somewhere else?



george

[Shadow]

Where do the odds come from? Are they set by the bookie or does vbookie get them from somewhere else?



george


Set by the bookie. In my posted lines, I used the live odds from USAToday and converted them to money lines using a conversion chart I found online. We'll see how it works. I don't know where/how Quads came up with the ones he used.

We can post odds and bet on anything.

[Quads]

@T- Give me the source code of where it's trying to pull hat pick from and I'll fix it. I use FF, so i get the alternate text when picks don't show up, instead of the ugly X.

@Shadow- Correct, It doesn't spread money lines. Not in the traditional sense that book makers do. So you have to convert them. It also doesn't do point spreads, but you can create multiple outcomes, thus creating your own spread "Win by 5, win by 8, win by +9", etc.)
Re; your sticky, for requesting bets. If you think a sticky for a bet / request thread is needed, start it, and we'll sticky it if it's needed.

@Gerdass- Yes I think IIRC, you were our banker when we discussed it. Syklops was the knecap banger, you were the juice man.

@KG, the few that I created I got from my head. The NASCAR bet I created I got the lines from linesmaker.com The bookie / bet maker can set whatever odds he wants on it, or he can follow the "standard" lines from Vegas, linemakers, bodog, etc.

[Quads]

One other note about the bookie module and the odds.
The bookie can change the odds through the event to tighten them up, favor one outcome over another. So, watch for that. If you place a bet at 4:1, your money is locked in at 4:1. If the bookie changes the spread to 5:1, you can bet again, and your money will be locked in at 5:1. If you didn't bet when it was at 4:1, you can then get in on the action at 5:1. So, keep an eye out for that. The Bookie will / should update the thread indicating that the odds have changed to get more action on it.

[KingGeorge]

One other note about the bookie module and the odds.
The bookie can change the odds through the event to tighten them up, favor one outcome over another. So, watch for that. If you place a bet at 4:1, your money is locked in at 4:1. If the bookie changes the spread to 5:1, you can bet again, and your money will be locked in at 5:1. If you didn't bet when it was at 4:1, you can then get in on the action at 5:1. So, keep an eye out for that. The Bookie will / should update the thread indicating that the odds have changed to get more action on it.

Good to know, so everyone better get in on the action early.

Do the winnings come out of the bookies pool? Can we break him?


george

[Quads]

Do the winnings come out of the bookies pool? Can we break him?


george


Yes. And it's encouraged that you do so.
He with the cash is King. If you have more cash than the bookie..... by god, you could become a bookie yourself. (providing you hired a couple of Guido's to knock him off your street corner.)

[syklopz]

Don fughette, as da 'Collection agents' me ands my crew get a piece... an we is mostly fee type agents. IfyaknowwhatImean....

[T]

the blue $ sign now is appearing on betting threads.

Don't know what u did, but it works.

T

[Quads]

Looks like we're off to a good start and Farmer and Timsta have picked up a few points.

http://perfectmancave.com/forum/vbookie.php?do=stats

[Quads]

We have created a sub-forum to the OT area for sports betting, prop betting, all things vBookie.

Please post there for vBookie / betting activities. http://perfectmancave.com/forum/forumdisplay.php?f=55

[T]

Quick ?

I'm guessing that the Bookie who posts the thread has the ability to see who has made a wager.

If not, do we need to inform the person who sets the line as to our bet?



Another ?

Is the bank of 500 seperate from our rep points system?

[Quads]

Quick ?

I'm guessing that the Bookie who posts the thread has the ability to see who has made a wager.

If not, do we need to inform the person who sets the line as to our bet?

Everyone should be able to see who placed what bets. If you wish, you can bet 'anonymously' by checking the "Make Private" box when you set your wager.



Another ?

Is the bank of 500 seperate from our rep points system?

yes.

[T]

I figured it out. I didn't know if you clicked on one of the "teams" you would pull up a break down of the event and the bets that have been placed.

You probably put that in a post already, but like most people I don't read everything that is in front of me.

T

[Gerdass]

So, in the football betting threads, are we betting the money line or the spread?

[Shadow]

So, in the football betting threads, are we betting the money line or the spread?


Spread, just like in Vegas. 110 bet to win 100.

[Gerdass]

I'm no gambling expert, but isn't that the money line?

The spread is the point spread on the games.


Indianapolis +9.5 = 9.5 is the point spread.

[Shadow]

With money lines, there is (generally) no spread at all. It's the overall "odds" of a team winning/losing outright. Even then, there is always a gap, or difference, between the two - for example one team might be +200 and the other is -220. The difference is the book's vig, or viggorish, which is how the book makes money. Remember, lines are set to encourage the same amount of money (net) on each side of the bet. In the example above, the one team us a 2:1 dog. They want 2 times the amount of bets on the favorite as they get on the dog. This way, the bets cancel each other out and the book pockets the extra 20 (from the -220) as their income.

In spread betting, the line is set somewhat the same way, to encourage equal betting on each side. But there is no build in vig in a spread, so for the book to make their money, you have to lay 110 to win 100. The extra 10 is the book's income. When a bet wins, they return 210 - the win plus the entire wager. Theoretically, the 100 win came from the other side which lost, and the book keeps the extra 10 as income from the losing bet.

If you look at the live odds section of the usa today sports section online, you'll see what I mean. All the odds are listed as Team A -x points -110 which means you give x points to bet the favorite and you lay 110 wo win 100, or you'd get x points on Team B, but still lay 110.

All that said, I'm still working with this module. I was under the original impression that wins and losses would come out of my stake. But so far that hasn't been the case. I have reading to do to see what I have and don't have access to and what the bookie mod does from my end. Ultimately, if I find that I don't have a personal stake in it (why do it then???), I'll eliminate the vig (what's the point?).

But rest assured, that is how it works in any sportsbook (legal or otherwise), although sometimes you'll find specials at -105 instead of -110.

[Gerdass]

I think I'm getting it now.

So we are betting against the point spread and you the difference (the 110/100) is the vig kept by the bookie...

[Shadow]

Basically. But at the moment, I'm not sure where the profits/losses are going, because they aren't in my balance.

[timsta007]

Why do we have to pay a vig if the profits don't go to you for doing to work involved?

Also I don't like the fact that with the vig, only the strongest sports bettors will come out ahead. The whole idea behind this is to give people plenty to play with and make it fun. If people are going busto, then we either have to start giving huge handouts which comprimises the system and makes the "good" bettors less inclined to work on their BR, or have the "bad" bettors just sit out and not be able to have fun with it.

Just throwing those ideas out there.

[Quads]

Basically. But at the moment, I'm not sure where the profits/losses are going, because they aren't in my balance.

Yes, they are in your "P&L"
If you set the bet up in vBookie, and you lose, you pay it out of your account balance. As in the case where you win the bet, you collect the action on it.

[Shadow]

I do agree with you, Tim. This is in fun. We're still working things out with this, and will again once the "bank" comes online too. Don't worry, adjusting/eliminating the vig is on my "to do" list. Along with finishing work on the new house, moving, fixing the old house, renting it out, etc. But I'll get it done!

[Quads]

And if you don't like it, bet wise, build a bankroll that is bigger than the bookies, and you can become a bookie yourself.

[SVTF]

And if you don't like it, bet wise, build a bankroll that is bigger than the bookies, and you can become a bookie yourself.

How big is the bookie's BR?

[Quads]

50K

[timsta007]

If I could take a $500 bankroll to a $50,000 bankroll betting sports with a vig do you really think I would be wasting my time with this play money bullshit?

[Quads]

If I could take a $500 bankroll to a $50,000 bankroll betting sports with a vig do you really think I would be wasting my time with this play money bullshit?
Get a backer.

[timsta007]

Get a backer.

Fine how about you.


On another unrelated note - is there anyway to get a personal overview/rundown of all the active bets I have out? I've got about 5-6 on right now for the weekend but can't remember them all and don't want to go through every single thread to find them every weekend.

[Quads]

Fine how about you.


On another unrelated note - is there anyway to get a personal overview/rundown of all the active bets I have out? I've got about 5-6 on right now for the weekend but can't remember them all and don't want to go through every single thread to find them every weekend.

vBookie > Your Bets

or: http://perfectmancave.com/forum/vbookie.php?do=bets

[timsta007]

Excellent. Thanks.

[Iamdead]

WTF is the NFL games?

[Rounder Wannabe]

WTF is the NFL games?



http://perfectmancave.com/forum/vbookie.php?

[Iamdead]

ty

[dermaestro]

Maybe I'm blind, but where do I see my balance other than on a betting page?

[Quads]

Maybe I'm blind, but where do I see my balance other than on a betting page?

That's it right now.
Shortly you will have the ability to see you cash, savings, points, earning, etc. when I get the banking / cash mod installed.

I have it running on the test forum, and need to port it over to the production server.

[dermaestro]

Woohoo! I'm not blind!

[CRAW]

I made a mistake on a bet and would like to cancel it. Is this possible?

[FL70]

I made a mistake on a bet and would like to cancel it. Is this possible?
Bet the opposite, but lose the juice - unless it's a HUGE bet the juice won't matter much.

[zz-kai-]

Where is the Week 5 early Green Bay/ATL game?

[Shadow]

The online books have it listed as OFF for some reason (meaning they're not taking action on the game). This usually occurs when there is a significant injury or other action whereas they can't set a reliable line on the game.

However, I did find a line on the game from Danny Sheridan and I'll post that.

[aceinthehole4212]

Is there a line for Buffalo v Arizona??

[Shadow]

Just added it. I missed that one.

[Quads]

Yall-
Post your bet requests in the bookie forum rather than in this thread.

[Quads]

Yall-
Post your bet requests in the bookie forum rather than in this thread.

[zz-kai-]

But, this thread says to post questions here and NOT in the bookie forum? What up playa? :)

[Quads]

Post questions on vbookie.
Not on games you'd like to bet on.

[Happy Hazard]

I need vbookie and the cashmod for my other forum. Want to pm me some info on what you had to change to get it to work?

[Quads]

shoot me an email with your forum info and I'll give you a hand if needed.
It's pretty straight forward.