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Topic: DirectBet – LIVE Sportsbook & Racebook. Now Accepting Ether ! - page 411. (Read 759885 times)

hero member
Activity: 882
Merit: 500
I made this same bet but on Phil Mickelson to finish top 5.  At first I thought the payout was wrong because I was thinking about it like a player in the tournament where a tie for 5th would split the pot between 5th and 6th.  Then I was told the rule and looked it up on the site and it made total sense because there is no payout for 6th and each spot 1-5 is equal so all places involved in the win should be averaged to take the winnings.  Directbet is absolutely right about this.

I was pointed out this rule by DirectBet and they offered my the difference in what I thought my payout should have been versus what I was paid out. I turned down the offer. It was clearly in the rules and even though I was unaware of that, I fully abide by the rules that were in place.
Even though I did not take them up on it, I found it amazing that DirectBet made the offer to give me a free bet for the difference.
It is this customer service that keeps my business with DirectBet.
hero member
Activity: 700
Merit: 500
Ryan I think whatever is the generally accepted rule would be the fairest thing of all. I mean as peeps says is it really fair to equally deduct even if your guy finished in first? I can see it both ways. Peeps any site other than skybet have that rule?  If Anonibet and nitrogen do it the same as directbet then directbet is right and peeps should drop it.
legendary
Activity: 1036
Merit: 1000
I made this same bet but on Phil Mickelson to finish top 5.  At first I thought the payout was wrong because I was thinking about it like a player in the tournament where a tie for 5th would split the pot between 5th and 6th.  Then I was told the rule and looked it up on the site and it made total sense because there is no payout for 6th and each spot 1-5 is equal so all places involved in the win should be averaged to take the winnings.  Directbet is absolutely right about this.
legendary
Activity: 1078
Merit: 1000
Quote
Place 1st 5/10/20 etc.
You're betting on: the selected player finishing in the Top 5, 10, 20 etc.

Top 10 and Top 20 markets will be available on all full field European and PGA events. The Outright each way terms at the start of the tournament will determine the places for place betting.
Dead heat rules apply. For instance in top 20 betting, a player ties for 20th with 5 other players, i.e. 6 players all tied 20th, a 1/6th reduction to winnings would apply. If 2 players tied for 10th in top 10 betting then a ½ reduction would occur
https://support.skybet.com/app/answers/detail/a_id/270/~/golf-rules

Generally I've sided with Directbet and think Peep's is being over the top and annoying but he's got a point here I think.  
It was immature of me and wrong to attack in the past.

Now that you've realized this don't you think you should list them in your chart and with a realistic grade?
legendary
Activity: 3878
Merit: 1061
Quote
Place 1st 5/10/20 etc.
You're betting on: the selected player finishing in the Top 5, 10, 20 etc.

Top 10 and Top 20 markets will be available on all full field European and PGA events. The Outright each way terms at the start of the tournament will determine the places for place betting.
Dead heat rules apply. For instance in top 20 betting, a player ties for 20th with 5 other players, i.e. 6 players all tied 20th, a 1/6th reduction to winnings would apply. If 2 players tied for 10th in top 10 betting then a ½ reduction would occur
https://support.skybet.com/app/answers/detail/a_id/270/~/golf-rules

Generally I've sided with Directbet and think Peep's is being over the top and annoying but he's got a point here I think.  
It was immature of me and wrong to attack in the past.
hero member
Activity: 700
Merit: 500
Quote
Place 1st 5/10/20 etc.
You're betting on: the selected player finishing in the Top 5, 10, 20 etc.

Top 10 and Top 20 markets will be available on all full field European and PGA events. The Outright each way terms at the start of the tournament will determine the places for place betting.
Dead heat rules apply. For instance in top 20 betting, a player ties for 20th with 5 other players, i.e. 6 players all tied 20th, a 1/6th reduction to winnings would apply. If 2 players tied for 10th in top 10 betting then a ½ reduction would occur
https://support.skybet.com/app/answers/detail/a_id/270/~/golf-rules

Generally I've sided with Directbet and think Peep's is being over the top and annoying but he's got a point here I think. 
legendary
Activity: 3878
Merit: 1061
Quote
Place 1st 5/10/20 etc.
You're betting on: the selected player finishing in the Top 5, 10, 20 etc.

Top 10 and Top 20 markets will be available on all full field European and PGA events. The Outright each way terms at the start of the tournament will determine the places for place betting.
Dead heat rules apply. For instance in top 20 betting, a player ties for 20th with 5 other players, i.e. 6 players all tied 20th, a 1/6th reduction to winnings would apply. If 2 players tied for 10th in top 10 betting then a ½ reduction would occur
https://support.skybet.com/app/answers/detail/a_id/270/~/golf-rules
hero member
Activity: 700
Merit: 500
Common sense approach. You bet a marathon top 100. Five runners tie for 100, do you give a reduction to players 1-99? The rules are universal and you are misapplying dead heat rules.

Ties occur a lot in top 5 and top 10 and should be graded universally.



Peeps can you cite to a specific other book that has a different dead heat rule?  DIrectbet's example does not sit well with me but I'd need to see another book with a different rule before I say it's BS.
legendary
Activity: 3878
Merit: 1061
Common sense approach. You bet a marathon top 100. Five runners tie for 100, do you give a reduction to players 1-99? The rules are universal and you are misapplying dead heat rules.

Ties occur a lot in top 5 and top 10 and should be graded universally.

legendary
Activity: 1288
Merit: 1010
I don't really understand how you could partially win or lose as you put it.  It would be a loss for everyone as far as I can tell.

Example for what I meant by partial win :

You bet 1 BTC at odds of 2 decimal for player to finish in the top 5, but as it turned out there are 6 players sharing the top 5 spots, so your payout of 2 BTC is multiplied by 5/6 for a total payout of 1.66666666 BTC. It's still a win but it's a partial win.

Sorry to jump in again but the only reduction occurs on the player's tied for 5th. A 1/2 reduction............... The poster should win without reduction.

If the bet was on the player to finish exactly at 5th place and he shared it with another player then you'd be right.

But the bet was on player to finish in one of the top 5 places, regardless of which exact place in the top 5, and since there were actually 6 such players, the dead heat rule was applied to all winners.

There are two important things to note here :

1. Our rule is stated very clearly with example and it is a universal rule.

2. The bet odds was factoring the possibility for a dead heat in the way we lay out in the rules. If the dead heat rule would apply only if Rory McIlroy finishes 5th and share this spot with another player as you suggest, then the bet odds would not be 1.02 but rather there would be no bet at all because such a possibility was non existent.
legendary
Activity: 3878
Merit: 1061
Sorry to jump in again but the only reduction occurs on the player's tied for 5th with top 5. A 1/2 reduction............... The poster should wins top 5 without reduction and top 10 without reduction.
hero member
Activity: 700
Merit: 500
He finished #1, Not tied for #1, but came in at #1. The dead heat would have been between the players tied for #5 or #10.

If your bet was on Rory McIlroy to win then your bet would not have been subjected to the dead heat rule because he did not share first place with another player.

However, your bet was on Rory McIlroy to finish in the top 5 and there were 6 players who shared the top 5 spot and therefore the dead heat rule applies.

This is a standard universal rule among Sportbooks. The reasoning behind it is because we the bookies have to pay out more winners than expected. For example in the top 5 bet we have to pay out 6 winners instead of 5, that's why the payout is proportionally reduced for each winner.

When a dead heat occurs your bet may partially win or lose.

I don't really understand how you could partially win or lose as you put it.  It would be a loss for everyone as far as I can tell.  Unless you mean if you had the guy tied for 10th (in a top 10 scenario) you would only lose 1/10th of the winnings instead of 1/2.

In other words, for the top 10 bet, the bettor was saying only bettors with players finishing tied for 10th should have had bets reduced.  I can see either argument, it would be the same payout for the bookie as long as bookie reduced the payout to a third on the three players tied for 10th.
legendary
Activity: 1288
Merit: 1010
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legendary
Activity: 1288
Merit: 1010
He finished #1, Not tied for #1, but came in at #1. The dead heat would have been between the players tied for #5 or #10.

If your bet was on Rory McIlroy to win then your bet would not have been subjected to the dead heat rule because he did not share first place with another player.

However, your bet was on Rory McIlroy to finish in the top 5 and there were 6 players who shared the top 5 spot and therefore the dead heat rule applies.

This is a standard universal rule among Sportbooks. The reasoning behind it is because we the bookies have to pay out more winners than expected. For example in the top 5 bet we have to pay out 6 winners instead of 5, that's why the payout is proportionally reduced for each winner.

When a dead heat occurs your bet may partially win or lose.
hero member
Activity: 882
Merit: 500
Both those bet I psted were winners and neither were paid correctly. Could you please review.

That's not a mistake. Payout was reduced because the result was a dead heat.

There were 6 winners in the top 5 bet instead of the expected 5 winners so the payout was multiplied by 5/6.
There were 12 winners in the top 10 bet instead of the expected 10 winners so the payout was multiplied by 10/12.

Following is the relevant information from our Rules page :

Dead Heats

The Dead Heat Rule applies to bets where there are more winners than expected, unless stated otherwise in the Specific Sports Rules and/or the Bet Information.

For each bet on a relevant winning selection, the payout is reduced in proportion by multiplying it by the sum of the number of winners expected, divided by the number of actual winners.

For example, assume there is a dead heat for first place between three horses and you have bet on one of the winners for a stake of 3 BTC at odds of 4.0. When the event is settled, your payout of 12 BTC is multiplied by 1/3 (i.e. the number of expected winners (1) divided by the number of actual winners (3)) for a total reduced payout of 4 BTC.

Please feel free to contact me for any further information.


He finished #1, Not tied for #1, but came in at #1. The dead heat would have been between the players tied for #5 or #10.
sr. member
Activity: 252
Merit: 250
Both those bet I psted were winners and neither were paid correctly. Could you please review.

That's not a mistake. Payout was reduced because the result was a dead heat.




I think your dead heat rules are the same as with fiat bookmakers.
Therefore I also think that you graded his golf winners correctly  Wink

(Although I obviously have to agree that it now feels like a loss when his 1.02 odds are reduced)
legendary
Activity: 1288
Merit: 1010
Both those bet I psted were winners and neither were paid correctly. Could you please review.

That's not a mistake. Payout was reduced because the result was a dead heat.

There were 6 winners in the top 5 bet instead of the expected 5 winners so the payout was multiplied by 5/6.
There were 12 winners in the top 10 bet instead of the expected 10 winners so the payout was multiplied by 10/12.

Following is the relevant information from our Rules page :

Dead Heats

The Dead Heat Rule applies to bets where there are more winners than expected, unless stated otherwise in the Specific Sports Rules and/or the Bet Information.

For each bet on a relevant winning selection, the payout is reduced in proportion by multiplying it by the sum of the number of winners expected, divided by the number of actual winners.

For example, assume there is a dead heat for first place between three horses and you have bet on one of the winners for a stake of 3 BTC at odds of 4.0. When the event is settled, your payout of 12 BTC is multiplied by 1/3 (i.e. the number of expected winners (1) divided by the number of actual winners (3)) for a total reduced payout of 4 BTC.

Please feel free to contact me for any further information.
hero member
Activity: 882
Merit: 500
Taking quite a while and I'm missing other bets...

This was explained in the Bet Status. The result was a dead heat and a manual review was required.

Your bets have now been settled.

Both those bet I psted were winners and neither were paid correctly. Could you please review.
On both I picked Rory McElroy to finish in the Top 5 or Top 10...he finished #1, meaning both of those bets were winners.
Neither were paid out as winning. Will you explain why I did not win the bet when I picked Rory to place in the Top 5 and he won the tourney, but I didn't win my bets?
legendary
Activity: 1288
Merit: 1010
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legendary
Activity: 1288
Merit: 1010
Taking quite a while and I'm missing other bets...

This was explained in the Bet Status. The result was a dead heat and a manual review was required.

Your bets have now been settled.
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