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1 Betting Guidelines on Sat Dec 10, 2011 8:58 pm

Kestrana

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Admin / Weyrlingmaster

Betting Guidelines

Betting is allowed for all races. Here are a few guidelines for betting:
  • Minimum bet is 1s (1/16). This is so returns can be paid out in t (32nds).
  • Betting is allowed to begin at the second (or statistics) post, which will include the statistics of the entrants and their odds of winning.
  • Bettors may place bets any time during a race, but absolutely no more bets will be accepted after 24 hours prior to the end of the race.
  • Betting may be formal or informal.
    • Formal bets are placed with Kes (who will run the NPC bookies) or with any PC bookies (not that we have any at the moment) and bet winners shall receive a prize (to be designated at the opening of each race).
    • Informal bets are placed among friends (i.e. "I bet a firelizard egg that such-and-such runner will win," and if that person loses, he or she buys (or gives from his/her own firelizard clutch) firelizard eggs to all those who bet against him/her).
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2 Re: Betting Guidelines on Sat Dec 10, 2011 9:00 pm

Kestrana

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Admin / Weyrlingmaster

For Non-Competitive Events

Bull Riding, Bronc Riding, Saddlebronc Riding, Mutton- and Chevon-Busting


View/Hide Non-Competitive Events' Odds & Betting Guidelines

For Competitive Events

Barrel Racing, Calf Roping, Team Roping, Runnerbeast Racing


View/Hide Competitive Events Odds & Betting Guidelines

* A bettor's winnings is the amount the bettor wins, not including their original bet. The return is the total amount the bettor receives from the bookie when collecting their winnings. NOTE: Due to the extremely high potential returns on certain bets, the maximum payout is 100 Marks + the original bet.

If you follow the fractions out, you'll note that if there is more than a difference of 4 between the rider's and the mount's odds, the winnings are less than the smallest demonimation of Pernese currency. When this happens, a minimum bet is instituted on the event in order to make the smallest winnings equal to 1/32 Mark.
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