((I would take the bookie position, but I know nothing about bets, so I'll just stick to what I do best and keep track of stuff.
I'm gonna go with no. Otherwise yeah, strategic betting on various things could give you money regardless. In a perfect world, I would run the numbers for every episode and give different payouts for each bet (chances of survival lower if the player is injured, increasing payouts if they actually survive. etc). But I doubt my knowledge of statistics is good enough to do that without massive errors.
Understandable. Would it be ok if we betted on both teams winning, but used a different amount of DD? Or betted x DD on red team winning, and then y DD on red team losing?
The payout is 1.5x for Team challenge and 2x for individual.
So for the team challenge if you bet 1 DD on red and 1 on blue, you get 1.5 DD and lose 2, so you're left with a -0.5 loss.
For the individual you get 2DD and lose 2, so you're left with a gain of 0.
I don't think there currently is a way to game the system.
Looks like you managed to confuse piecewise.))
Survival:Bet that a particular contestant will survive the episode.Bets must be placed by the time the team challenge begins. 1.5x pay out.
Winner:That a particular contestant will be the winner of either the Team challenge or the individual challenge. Bets for team have to be placed by the time the team challenge begins. Bets for individual begin when the participants are chosen and close when the competition begins. 3X payout for team, 2X payout for individual.
Loser: Similar to winner, but bet on who will lose Team or individual challenges. 2X payout for team, 1.5 for individual.
Eliminated: Bet on who will be eliminated by the end of the episode. Must be placed before team challenge begins. 5X pay out.
The first method, with betting the same amount on both teams to win, would mean guaranteed win, right? (due to 3X payout for team winner). Or does 'currently' not include that method which PW just outlawed?
The third one was more in terms of 'I bet a largish sum of DD on one team winning, then bet a smaller amount on the same team losing, to decrease the amount of tokens lost in case my bet of that team winning doesn't work out'.
e.g.: 4 on red winning, 2 on red losing
red wins: 3*4 - 2 -4 = 6 DD gain
red loses: 2*2 - 2 -3 = 1 DD loss
If I only bet 4 DD on red winning:
red wins: 3*4 -4 = 8 DD gain
red loses: -4 = 4 DD loss
This is not gaming the system, but decreasing payouts to also decrease DD loss when making the wrong bet. In this case, for two DD less potential payout, i decrease the possible DD loss by 3.
I would love to take the bookie position, if not for the fact I foresee a lot of school work coming up, and I don't wanna feel obligated to post. Sorry guys.