Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[nenjin]

This is fucking awesome.

Man, can't believe I've watched over an hour and a half of that. The music hits all the right nostalgia.

[kaijyuu]

Well it's not like there's anything to spend it on outside of illuminati.

Can't they spend it on changing character stats/character deletion?

[i2amroy]

Really should have some upper limit that forces rich folk to spend their money or lose it.

One of the rules of economics: rich people fuck up economics. In obvious matches they often take like half the pot.

Ummm… The odds are always the same for you, regardless of how the rest of the people who entered placed their bets. If the odds are 1:1 and you win you always get back what you bet + the same amount again. There is no "pot" that you are drawing from in that sense, it's impossible for you to affect the winnings of anyone else (other then by indirectly helping to set the overall odds). It doesn't matter if 1 million people each bet $1 or 1 person bets $1 million, your winnings will still be identical.

[UltraValican]

Well I managed to pop out of the 100's with an Caveman upset. I'm back at the 500's.

I was a dumbass for not betting on Synn vs Arthas. I could have made a fucking killing.

[kaijyuu]

Ummm… The odds are always the same for you, regardless of how the rest of the people who entered placed their bets. If the odds are 1:1 and you win you always get back what you bet + the same amount again. There is no "pot" that you are drawing from in that sense, it's impossible for you to affect the winnings of anyone else (other then by indirectly helping to set the overall odds). It doesn't matter if 1 million people each bet $1 or 1 person bets $1 million, your winnings will still be identical.

You're not making sense and contradict yourself in the same paragraph (bolded parts).


Hypothetical situation:

Potato verses god character. Without any rich people, this might be 7000 dream/miner bucks vs 100,000 sane people bucks... but of course a rich dude steps in and bets 22,000,000 on the god character. Suddenly they take 6968 bucks of the pot leaving 32 to be spread among everyone else. Without the rich dude betting, everyone else might get a more reasonable cut.


With access to statistics and a whole lot of money to bet, this happens all the time. Even their sub 1% pocket change significantly alters the odds and gives them a huge chunk of the loser's bets.

Rich get richer.

[misko27]

And...?

If the god character manages to lose, that is 22,000,000 in the pocket of some lucky fellows who thought they were betting against an upset. Rich people regularly put money on an upset for the same reason that you do, because DREAMS. They bet on both sides, they are often the rational center behind chat's "Always sometimes never bet DBZ", and tend to make up a considerable amount of each bet.

Plus, unlike in real life, they don't gain anything by being rich other then being rich. You can enter and exit the system as you wish, and so only winning matters. Also, I know for a fact the richer of the two I mentioned isn't even Illuminati: His bet's come from sheer experience. And it really does seem in this case like complaining that the system isn't fair, except for that it really is. Yes they make more money, but they make up much of the bets to begin with. When you win, you're taking rich people's money, especially if there is a upset: Mjolnir put 100,000 dollars down on a guy that lost, putting everyone on the other side (including me) into happier straits. Look at the bets of both halves of a match.

I remember during a tourney a while back, a guy bet 50,000 on whoever the next post suggested, and he did this repeatedly through the night. Rich people are just a part of the game.


Anyway, I have crawled my way up to 700 and rising. I can see the light at the end of the mines!

[Flying Dice]

Yeah, it's sort of bullshit to complain about rich people "stealing" a percentage of winning bets when they're typically also the ones dropping tens of thousands on dreams and upsets, and that's ignoring outright donations. Most importantly, though, unlike real life there are relatively few barriers to becoming rich yourself. If you can build a seed of $500 or so (not terribly difficult for normal miners, and a matter of course for illuminati) you can very easily catapult to 10k with a few choice bets, and from there you can start building with sure thing bets and predictable upsets.

Actually, one of the nicest parts of illuminati is seeing WRs, so you can predict when the stats betters will drop their money on the wrong side of a match and make a killing. Once you're in the tens of thousands you can get hundreds or thousands from every safe bet, and can easily snowball as long as you don't take stupid risks or get on the wrong side of an all-in scam.

[kaijyuu]

The "they bet wrong sometimes too!" thing doesn't fly since, well, they're rich, and they didn't get there by betting incorrectly. They will make a net profit, and by doing so slow down the profits of a disproportionately large number of competitors. Let's not fall into trickle down theory bullshit, now.

It IS just a game though. Anyone saying it's probably not a huge deal is quite correct... but it's still an example of hoarders messing up an economy.

[Seriyu]

Well it's not like there's anything to spend it on outside of illuminati.

Can't they spend it on changing character stats/character deletion?

Yeah, that's what I meant by illuminati. Pretty sure it's very expensive though.

[Elephant Parade]

Did we all just miss Shaker Classic?

[UltraValican]

I don't think there is one tonight, buts usually around 9 EST.

Also, I just rocketed past where I was by a few dozen salts from an upset. Feels great.

[Seriyu]

Yeah, no shaker classic tonight.

[misko27]

Oh god I just watched the worst match I've ever seen. Kamiccolo, v. Butthead. Kamiccolo is doing chip damage, literally spamming a punch while butthead, who has no flinch animation, just walks at him, for 10 seconds, then Butthead will attack once and take out a 1/6 of Kamiccolo's health, and then resume getting punched. Periodically Kamiccolo would just try to use a mexi, and that at best would take out 1/6 of Buttheads health. Butthead just continues barely using a functional AI (literally just staring at his opponent for most of the match, and jumping into Kamiccolo's mexibeam with an "I don't even care" look.), and Kamiccolo continually spams a ineffective punch going "TATATATATATATA". The best part was the odds leaned Kamiccolo 28:1, so chat was incredibly hyped about the match. It ended with Kamiccolo self-scamming with only a little bit of health less then Butthead. Chat promptly raged.


I spent the entire time laughing. It was so potato it was Idaho.

[Flying Dice]

The "they bet wrong sometimes too!" thing doesn't fly since, well, they're rich, and they didn't get there by betting incorrectly. They will make a net profit, and by doing so slow down the profits of a disproportionately large number of competitors. Let's not fall into trickle down theory bullshit, now.

It IS just a game though. Anyone saying it's probably not a huge deal is quite correct... but it's still an example of hoarders messing up an economy.

They still tend to make net profit, but that doesn't necessarily equate to a net loss for you or I, because of the nature of the system. Bailouts and new players essentially mean that the system is continuously generating money; over the long term people who can consistently win are taking less from other players and more from bailouts, which are effectively free money. Check any longshot bet and the vast majority of the bets on the underdog will be accounted for by illuminati miners' bailouts and a couple wealthy upset bets. Another thing is that anyone can recoup their upset bets with a single safe all-in if they're careful about it (again drawing largely on the "free" money generated by miners), the only difference is that your "safe" upset bet isn't profitable until you're already stinking rich. It's also perfectly possible for people like that to fall; I remember seeing someone lose their multi-million all-in through miscalculation. Either way, it's all imaginary play-money, and it can be both made and lost much more readily than real money.

As a small bonus, since there are no products save for the Compendium (which is essentially an infinite money sink and tends to end up being a zero-sum game with patterns of nerfs and buffs), we don't have to worry about inflation from all the bailout bets.

[Frumple]

Scam's generally when a character buggers off off screen, or otherwise becomes (almost) completely unable to attack or be attacked. Seems to be called a scam because it scams the viewers out of a fight (though, of course, some, such as Googoo Vadar or some of the ninja turtles, do it with style and aplomb.). It's occasionally utterly flippin' hilarious, as when Leonardo helicopters into the heavens.

Don't really know if you need to know much about the site. You sign up, there's a place to put in your bet, and buttons to press to choose your side. It's not very complicated at all.