Go Back   Marijuana.com > Games and Fun Stuff > 420 Bookie Parlor
Register FAQ Gaming Financials Radio Stations VB Image Host Search Today's Posts Mark Forums Read

Reply
 
LinkBack Thread Tools Display Modes
Old 09-01-2006, 03:41 AM   #1
negaDuck
By Any Means Necessary
 
negaDuck's Avatar
 

Join Date: Dec 2005
Posts: 2,338
Diggs: 0
Grams: 15,372.74
Groans: 9
Groaned at 3 Times in 3 Posts
negaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulated
Thanks: 560
Thanked 531 Times in 244 Posts

Stock Portfolio
Total Value: 0.000
Gain/Loss: 0.000%
Default An explanation of odds

Quote:
ODDS EXPLANATION

Tha point spread - also called "tha line" or "tha spread" - is used as a margin to handicap tha favorite team. For betting purposes, tha oddsmaker predicts that tha favored team will win by a certain number of points. This number of points is tha point spread. Tha favorite is always indicated by a minus sign (e.g. -5.5) and tha underdog by a plus sign (e.g.+5.5). If you bet on tha favorite, you win your bet if tha favorite wins AND their margin of victory is greater than tha point spread. If you bet on tha underdog, you win if tha underdog wins, ties, or if tha favored team wins but fails to exceed tha point spread.
Quote:
American bookmakers generally use moneylines, which are quoted in terms of tha amount required to win $100 on a favorite, or tha amount paid for a $100 bet on an underdog. Tha amount "won" in a bet is tha net amount over and above tha initial bet. If a person wins $200 on a bet of $100, the bookmaker actually pays tha winner $300 (i.e. $200 plus the initial bet of $100).

For example, a baseball game between tha St. Louis Cardinals and Chicago Cubs might have a moneyline on St. Louis (tha favorite) at -200 and Chicago (tha underdog) at +180. A bettor looking to take St. Louis must risk $200 for every $100 he wishes to win over and above tha initial $200 bet. A person wagering on Chicago will win $180 for every $100 he bets.

Unlike point spread bets, a moneyline wager requires only that tha team wagered upon win tha match. In sports such as baseball, where certain teams can be heavy favorites against weaker opponents (sometimes as much as -350 or higher), tha moneyline system requires that a hefty sum be risked on tha favorite, while enticing underdog players with a higher payout.

Quote:
Historically, sports betting has been associated with a number of unsavory characters, which has a lot to do with its desultory legal treatment throughout tha world. Organized crime notoriously has relied upon sports betting for money laundering or funding purposes. Tha corruption or threat of a boxer to take a dive at tha x round is a frequent theme in mafia-related movies. All of tha American professional sports leagues, as well as tha National College Athletic Association (NCAA), take stringent measures to disassociate themselves from sports gambling. Nevertheless, sports history is riddled with several incidents of athletes conspiring with gamblers to fix tha outcomes of sporting events, or criminals acting against athletes whose on-field performance affected their wagers.

* In 1919, gamblers bribed several members of tha Chicago White Sox to throw tha World Series. This became known as tha Black Sox Scandal and was recounted in book and movie form as "Eight Men Out".

* In 1978, mobsters connected with tha New York Lucchese crime family, among them Henry Hill and Jimmy Conway, organized a point shaving scheme with key members of tha Boston College basketball team.

* Andrés Escobar, a Colombian defender, was murdered shortly after his return from tha 1994 FIFA World Cup, where he scored an "own goal", tha first of a 2-1 defeat to tha USA that knocked out tha Colombians at tha first phase. In tha most believed explanation, tha Medellín drug cartel bet large sums of money that Colombia would advance, and blamed tha Medellín-born Escobar for the loss.

* In 1994, a comprehensive point shaving scheme organized by campus bookmaker Benny Silman and involving players from tha Arizona State University men's basketball team was uncovered with tha assistance of Las Vegas bookmakers, who grew suspicious over repeated large wagers being made against Arizona State.

Hope that clears some of it up. For moneyline bets, i will be converting them into a 1/1 ratio...say -600 would look like 1/6, or bet 600 to win 100 (but with a heavy chance of winning). A +350 would end up being a 7/5, or bet 500 to win 700 (and you'd be betting on tha underdog there).

Any questions?
__________________
Tha bigger they were tha harder they fell

negaDuck is offline Award negaDuck Grams  
Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Marijuana.com Sponsor
Advertisement
 
Old 09-01-2006, 04:17 AM   #2
Higher Logic
Web Developer
 
Higher Logic's Avatar
 

Join Date: Feb 2003
Posts: 6,133
Diggs: 0
Grams: 5,107.98
Groans: 3
Groaned at 0 Times in 0 Posts
Higher Logic is smoking a fat bowl of green reputationHigher Logic is smoking a fat bowl of green reputationHigher Logic is smoking a fat bowl of green reputation
Thanks: 2
Thanked 47 Times in 31 Posts

Stock Portfolio
Total Value: 0.000
Gain/Loss: 0.000%
Default

Yeah, why is the not spelled right I can't even read it because I stop on it everytime. Or is that like how "Tony the Bookie" talks
"I'll murdayah!"
Oh, and if you wrote that, good writeup. I'm sure the spread is confusing for some people, it's easy to see how a plus spread would seem like the favorite and a minus spread the underdog.
Higher Logic is offline Award Higher Logic Grams  
Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 09-01-2006, 04:44 AM   #3
homemadebubbler
Blue Bubblin' Bubbler
 
homemadebubbler's Avatar
 

Join Date: Jun 2005
Posts: 3,905
Diggs: 0
Grams: 7,168.72
Groans: 2
Groaned at 0 Times in 0 Posts
homemadebubbler has a reputation beyond reputehomemadebubbler has a reputation beyond reputehomemadebubbler has a reputation beyond reputehomemadebubbler has a reputation beyond reputehomemadebubbler has a reputation beyond reputehomemadebubbler has a reputation beyond repute
Thanks: 46
Thanked 59 Times in 36 Posts

Stock Portfolio
Total Value: 0.000
Gain/Loss: 0.000%
Default

Woah, you just blew my mind man.

I'm still quite confused, so lets see if I can figure this out.

The Eagles are +6.5 and the Jets are -6.5
This means the jets are favoured to win?

So if the eagles win at all, I win the bet? Or do they need win by 7+ for me to win? Or am I just totally lost.....

Also, since it is 1/1, the payout is simply whatever I bet, correct?
__________________
When they took the 4th Amendment away I was quiet because I didnt deal drugs//When they took the 6th Amendment away I was quiet because Id never been arrested//When they took the 2nd Amendment away I was quiet because I didnt own a gun//Now they took the 1st Amendment and all I can do is be quiet...
homemadebubbler is offline Award homemadebubbler Grams  
Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 09-01-2006, 04:52 AM   #4
Hookahs
Mommy's Little Monster
 
Hookahs's Avatar
 
2 Highscores
Tournaments Won: 5

Join Date: Nov 2004
Posts: 3,765
Diggs: 0
Grams: 68,627.59
Groans: 14
Groaned at 2 Times in 2 Posts
Hookahs Is KarmaliciousHookahs Is KarmaliciousHookahs Is KarmaliciousHookahs Is KarmaliciousHookahs Is KarmaliciousHookahs Is KarmaliciousHookahs Is KarmaliciousHookahs Is KarmaliciousHookahs Is KarmaliciousHookahs Is KarmaliciousHookahs Is Karmalicious
Thanks: 1,002
Thanked 781 Times in 494 Posts

Stock Portfolio
Total Value: 0.000
Gain/Loss: 0.000%
Default

If you bet on Eagles they need to stay within 6.5 points.
If you bet on Jets they have to win by 6.5 points. ( or more)
__________________
I smoke 2 joints in the morning, I smoke 2 joints at night. I smoke 2 joints in the, afternoon it makes me feel allright.I smoke 2 joints in time of peace and 2 in time of war.I smoke 2 joints before I smoke 2 joints then I smoke 2 more.
Hard work good, hard work fine, but first take care of head.

420 Bookie Administrator
Hookahs is offline Award Hookahs Grams  
Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 09-01-2006, 04:57 AM   #5
homemadebubbler
Blue Bubblin' Bubbler
 
homemadebubbler's Avatar
 

Join Date: Jun 2005
Posts: 3,905
Diggs: 0
Grams: 7,168.72
Groans: 2
Groaned at 0 Times in 0 Posts
homemadebubbler has a reputation beyond reputehomemadebubbler has a reputation beyond reputehomemadebubbler has a reputation beyond reputehomemadebubbler has a reputation beyond reputehomemadebubbler has a reputation beyond reputehomemadebubbler has a reputation beyond repute
Thanks: 46
Thanked 59 Times in 36 Posts

Stock Portfolio
Total Value: 0.000
Gain/Loss: 0.000%
Default

So just as long as the jets dont win by more then 6.5 points, I win? (being that I bet on the eagles).

Man, I'm totally new to sports betting.
homemadebubbler is offline Award homemadebubbler Grams  
Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Marijuana.com Sponsor
Advertisement
 
Old 09-01-2006, 06:32 AM   #6
negaDuck
By Any Means Necessary
 
negaDuck's Avatar
 

Join Date: Dec 2005
Posts: 2,338
Diggs: 0
Grams: 15,372.74
Groans: 9
Groaned at 3 Times in 3 Posts
negaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulated
Thanks: 560
Thanked 531 Times in 244 Posts

Stock Portfolio
Total Value: 0.000
Gain/Loss: 0.000%
Default

Quote:
Originally Posted by Higher Logic View Post
Yeah, why is thaa not spelled right I can't even read it because I stop on it everytime. Or is that like how "Tony tha Bookie" talks
"I'll murdayah!"
Oh, and if you wrote that, good writeup. I'm sure tha spread is confusing for some people, it's easy to see how a plus spread would seem like tha favorite and a minus spread tha underdog.
I'll break ya thumbs.

and homemade bubbler, you are correct. As long as tha eagles don't lose by more than 6.5 then you get paid
negaDuck is offline Award negaDuck Grams  
Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 09-02-2006, 12:54 AM   #7
imported_Capone
Jr. Member
 
imported_Capone's Avatar
 

Join Date: Aug 2006
Posts: 164
Diggs: 0
Grams: 1,007.45
Groans: 0
Groaned at 0 Times in 0 Posts
imported_Capone has begun their Karma Journey
Thanks: 0
Thanked 0 Times in 0 Posts

Stock Portfolio
Total Value: 0.000
Gain/Loss: 0.000%
Default

Where are you getting your lines from negaDuck? An official Vegas line/casino?

Also, for futures bets, will the lines be changing throughout the year? I hope so, considering the betting ends on 2-4-07 for the NFL. Will you be changing lines based on the activity of the bet or just staying with your own probable/bookie line?
imported_Capone is offline Award imported_Capone Grams  
Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 09-02-2006, 07:52 AM   #8
negaDuck
By Any Means Necessary
 
negaDuck's Avatar
 

Join Date: Dec 2005
Posts: 2,338
Diggs: 0
Grams: 15,372.74
Groans: 9
Groaned at 3 Times in 3 Posts
negaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulated
Thanks: 560
Thanked 531 Times in 244 Posts

Stock Portfolio
Total Value: 0.000
Gain/Loss: 0.000%
Default

Quote:
Originally Posted by Capone View Post
Where are you getting your lines from negaDuck? An official Vegas line/casino?
There are several sites where I can get up to date odds on events coming up, Vegas being a main source. I will continue to use tha same site for NFL throughout tha entire season to maintain stability, and tha bet will stay 1/1.

For all other sports/events I am usually able to find a reputable site that is willing to post odds, moneyline and whatnot, all of which I will convert to ?/? to, again, maintain stability.

Hope this answers your questions, capone.

Oh, also, tha Vegas site I use for NFL lists three casino odds which are usually tha same. If they aren't then I choose tha MGM/Grand casino. If that casino hasn't posted odds, then I will use tha Bellagio.
negaDuck is offline Award negaDuck Grams  
Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 09-07-2006, 02:43 AM   #9
conspiracy man
New Member
 

Join Date: Apr 2006
Posts: 68
Diggs: 0
Grams: 901.85
Groans: 0
Groaned at 0 Times in 0 Posts
conspiracy man has begun their Karma Journey
Thanks: 3
Thanked 0 Times in 0 Posts

Stock Portfolio
Total Value: 0.000
Gain/Loss: 0.000%
Default

well i know some other sites that might help you out.

www.the-scoreboard.com
www.betus.com
www.wagerline.com

i dont know if they will help you or not but just to maybe make your life a little easier.
conspiracy man is offline Award conspiracy man Grams  
Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 09-18-2006, 02:29 PM   #10
negaDuck
By Any Means Necessary
 
negaDuck's Avatar
 

Join Date: Dec 2005
Posts: 2,338
Diggs: 0
Grams: 15,372.74
Groans: 9
Groaned at 3 Times in 3 Posts
negaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulatednegaDuck Is causing the planet reputationexus to become overpopulated
Thanks: 560
Thanked 531 Times in 244 Posts

Stock Portfolio
Total Value: 0.000
Gain/Loss: 0.000%
Default

Quote:
Originally Posted by Capone View Post
Also, for futures bets, will the lines be changing throughout the year? I hope so, considering the betting ends on 2-4-07 for the NFL. Will you be changing lines based on the activity of the bet or just staying with your own probable/bookie line?
Ahh, I don't know how I forgot to answer this one...

No. Future bets will stay up for (in most cases) a week. I don't think that it would be fair to change odds during tha bet due to tha fact that some people really put it on tha line for their favorite teams early on, and if those teams do well they should get that credit, rather than get paid off on something that has become a "sure thing". Tha NFL futures you were looking at stopped accepting bets a while ago...it's closed. Tha payout is in Feb, though
negaDuck is offline Award negaDuck Grams  
Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Marijuana.com Sponsor
Advertisement
 
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Wha.... josh555888777 Legal Issues 1 10-06-2006 01:40 AM
Quick Question Tug Glossary of Terms 8 02-04-2003 10:33 PM
Soap Operas are a HOOT stoned! Feorge Gorman Movies & Television 0 08-17-2001 10:49 PM

New To Site? Need Help?

All times are GMT. The time now is 05:06 AM.


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53