About vBookie / How to play

[Nuked]

What the ****?
vBookie is a system designed to allow simulated "gambling" - for entertainment purposes only - with a proprietary currency called vCash.

Who the ****?
"vBookies" can create "events" on which you can wager your vCash. These individuals will be able to create and moderate the games and payouts for the events created. The individual vBookie does not "get" your vCash when you lose it - it is pooled back into the systemwide ante. The vBookie's role is to create and manage events, paying out the winners in a timely fashion after completion each event.

The "object of the game" is the same as the fundamental goal in any capitalist society: Dolla dolla bills, ya'll!

How to play:
First think about what you'd like to bet on. Steering clear of events where you have little to no knowledge of the subject matter is wise, though plenty of members like to take chances on what's called a "blind bet" - it's a bit like playing the lottery.

If you see a thread on an NBA game that interests you, go ahead and check out the odds. They will be up at the top of the thread, like so:



Now, you may be a bit confused by the odds themselves. That's understandable, but there's no need to be. They're actually easier than they look.

There are three basic ways of looking at odds. Each is in more common use in a particular part of the world, hence the less scientific alternate names.

--There are Fraction or "British" style odds, presented in the example above as Cleveland Cavaliers 100/235F

--There are Decimal or "European" style odds, presented in a modified form in the example above in parentheses as (0.43)

--The third style is Moneyline or "American" style odds, which are not present in the example above. vBookie does not deal in Moneyline odds.

Can you handle that?

The easiest of these three types to read are the decimal odds.

True Decimal/European odds include your original investment, or "stake". Anywhere outside the vBookie universe, Decimal odds would be written as 1.43. vBookie omits your stake, so you have to use your imagination and just add an integer of 1 to represent a base stake of 1. The .43 represents the amount of a $1 investment (or "stake") which you will profit should you win on that outcome. So let's say you place a 100 dollar bet on the Cavs in the above event. You would win 43 dollars. You'd be paid out $143 - your original $100 stake plus your $43 winnings.

Well, that wasn't a very good deal, was it? I risked one hundred dollars and only won a measly Fourthy Three???

You're right. That's not what would be considered a high-value bet. That's because you bet on the "favorite". You can tell that by looking right next to the Fraction/British odds on that line - there's a big fat capital F.

The favorite is always the lowest-value action outcome option on any event. The reason is that it is the most likely outcome.

So, what? I'm supposed to throw my money away on unlikely outcomes?

Well, yes. What, did you think it would be easy to just come in and place bets willy-nilly on likely outcomes and reward you for banking on the obvious to rack up v-millions? This is where betting transcends from luck into actual skill. If you are knowledgeable about the subject matter, you may have some insight into just how strong a favorite is...

"So the favorites don't always win?" -

Well, they're not psychic. They are wrong (in the real and v-world) - and with enough frequency that people choose to partake in their books. Betting lines are based on a slew of factors and determined by experts. Even experts can't make predictions with 100% certainty, though. It's up to you to decide whether your opinion differs from the people making the lines - and whether it differs enough to bet against them. If you agree with the line, very strongly, and think it's worth it to bet on a favorite, feel free. Just bear in mind that you're risking more to profit less.

Should you choose to travel the road less, however - and bet on the less favored outcome, or "underdog" - know that they are the underdog for a reason. In the example above the Celtics are a 195/100 underdog. This is a very high value bet. Remember how VBookie shows a slightly off version of European/Decimal odds?

So we'll add that "1" back in, and the Decimal line next to the Celtics becomes 2.95. That means if you bet $1, you win $1.95 and get paid $2.95 (your $1 stake + your $2.95 in winnings).

Hey! That's more like it! Low risk, high reward!

Kind of. Low "financial" risk, in relative terms. Again, this is considered by experts to be the far less likely outcome. You should base these bets on more than a "hunch". Try to do some research before placing any large bets. If you ultimately decide that an underdog is more live (has a better chance) than the bookies seem to think, and if the value is good then by all means go for it.

Now, you have a $1000 "bank" to start out with...

What if I want to bet more than $1000?

"Start winning."-

What happens if I make some bad bets and run out of money?

Everybody skids. This isn't an exact science. vBookie is a forgiving system. Whenever you go to a zero balance by losing all your vcash, the system will reset your bank to a pre-set amount as soon as a new event is created. So if you go belly-up at 4:30am on a Sunday, and a new Vbookie event is created Tuesday at 2pm, that's when you'll receive your $ reset bank.

Any further questions, please do not hesitate to ask in this thread or Google.

[suncoastsooner]

Will be able to spend our Vcash and Vbrothels off the Vstrip?

[Omega]

Will there be ATS bets?

[StroudSooner]

I think I would understand point spread betting a lot better...

[soonerprices]

There could be against the spread bets. All a vbookie has to do is set the odds at 1/1. Set the spread in the forum and as part of the title of the event then when it's time to pay a person will get whatever they bet was. It's very simple. I'm willing to do ATS if that's what college football vbetters want. Right now certain games are not very good bets because the odds are like -12000 which means a person would have to bet 12000 vcash to earn 100 vcash. I think ATS is the way to go for CFB and NFL.

[soonerprices]

Ok I added syr (-6) vs wf. I gonna change it to syr (-6.5) so there are no ties

Will add more ATS tomorrow. All spreads will end with a half point spread.

[clayman45]

I went belly up a few days ago and still has not reset to the pre-set amount, unless that amount is 0.

"What happens if I make some bad bets and run out of money?

Everybody skids. This isn't an exact science. vBookie is a forgiving system. Whenever you go to a zero balance by losing all your vcash, the system will reset your bank to a pre-set amount as soon as a new event is created. So if you go belly-up at 4:30am on a Sunday, and a new Vbookie event is created Tuesday at 2pm, that's when you'll receive your $ reset bank.

Any further questions, please do not hesitate to ask in this thread or Google. "