Mods, please make this a sticky.
These are the house rules of the PMC sports book and pop bet parlour. They are subject to change/addition as necessary, so check in every so often.
Spread betting
Money line betting
Other odds
These are the house rules of the PMC sports book and pop bet parlour. They are subject to change/addition as necessary, so check in every so often.
Typographical errors: Typos will NOT be honored. Obvious errors in spreads (such as the +/- lines being reversed or not the same on each side of the bet) will be corrected upon discovery. Bets placed on the OBVIOUS typos will be deemed as being place on the CORRECT spreads.
The first PMC member to point out publicly, by posting in the affected thread, of an apparent typographical error will receive a 'thank you' stipend from the bookie for pointing out the error.
Individual bets CANNOT be refunded. All bets are final.
All bets are locked in at the money lines as posted at the time of the bet. Money lines can change, but changes will not affect bets placed prior to the change. Point spreads will NOT change (since changing point spreads will change previously places bets in vBookie), so money lines will change when instances of changing point spreads becomes apparent.
Place requests for bets in the request thread only, please. This helps keep the board uncluttered.
The bookie reserves the right to close ANY bet at ANY time for ANY reason, WITHOUT QUESTION.
Errors in settlement: Occasionally, the bookie will settle the wrong side of a bet (after all, he is human). In such a case, a moderator will take manual action to correct action by removing the chips from the losing bettor's bank and paying off the winning bettors. vBookie does not allow the bookie to reverse or otherwise alter the outcome of an already-settled bet. Please note, bets placed anonymously cannot be seen by ANYONE and as such, cannot be corrected when an error is made.
The decision of the bookie is final.
The bookie will NOT spread any action on events involving PMC users. This includes Mavens, Heads Up Poker Challenges, Chess events or any other events where the users of PMC are contestants.
Spread betting
- Betting done in relation to a line or spread. Such as Pittsburgh -6 or Detroit +3. This means that Pitt must win by more than 6 to win the bet or Detroit can lose by less than 3 and still win the bet. Most lines will have a spread that includes a 1/2 point so that there won't be any pushes.
- Ties with the spread are a push and bets are returned.
- Football and Basketball are generally bet with spread betting
- A line might be expressed like this: Detroit +3 -110. What this means is Detroit is getting 3 points and you bet 110 to win 100 (see money line, below). The 10 difference is the book's vig, or charge, for booking the bet. You get the full amount of the bet back if you win, including the vig.
Money line betting
- In general, this is a "pick the winner, straight up". Lines are usually express such as Cleveland +240 or De La Hoya -330. For + sides, you bet 100 to win the amount in the line, this means that if you bet 100 on Cleveland, if Cleveland wins outright, you win 240, plus your 100 back. For - sides, you bet that amount to win 100, this means if you bet 330 on De La Hoya and he wins, you get your 330 back, plus win 100.
- Sometimes, especially in Baseball and Hockey, there may also be a spread involved with money lines
- Money lines are most common with fights, baseball, hockey, and low-scoring sports.
Other odds
- Prop bets and other wagers may be express as simple odds, such as 2:1 or 9:5. The first number is the amount you win if you bet the second number. As with other bets, the amount you bet is returned, plus the win, if you win the bet.
- These type of odds are common for futures betting, bets with multiple possible outcomes but only one winner, etc.