Chiefsplanet Gambling Challenge: Rules
Chiefsplanet Gambling Challenge: Rules
RULES
The limit per bet is $5,000, but it is possible to bet more than that on a single game. For example, you can bet $5G on the spread, $5G on the money line and another $5G on the over/under if you like. Odds I will post the odds on Wednesday (maybe earlier if we have a Thursday game) and will use the lines and odds posted on http://www.pinnaclesports.com/default.aspx How to bet the Money Line Bengals +130 Chiefs -150 First off, a money bet is a straight up win/lose bet. No points involved, so of course there are odds payoffs. If you want to bet on the Bengals, you will win $130 for every $100 you bet. Conversely, for the Chiefs, you will win $100 for every $150 you bet. In other words, the team with the - money line is the favorite (therefore lower payout) and the team with the + is the under dog. Placing Bets It helps if you format your bets like this: Patriots (-7.5) $5000 Chiefs (-150 money) $1000 Chiefs (over 45) $2000 Please post any questions about the rules of this contest in this thread. GOOD LUCK AND HAVE FUN!!! |
What's the over/under mean?
J/K :p I really wanted to ask when you would be appointing the lucky few from the waiting list.... Quote:
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thanks! Chiefs/Texans UNDER $5000 j/k |
OK...
Minnesota (+150) For every $100 bet - U win $150 I bet $3,000 Minnesota Wins --- I collect $4500 ?? Correct ?? |
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Less the houses' cut. |
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There is a 10% house cut on all other winning bets, however. So a winning $1,000 bet on the spread or over/under pays out $900 |
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Chiefs (-280 money) $1,960
Chiefs (-6.5) $1,000 Patriots (-285 money) $1,995 Patriots (-6.5) $982 Hope my math was correct at $5,937 coming into this one, should be all in. |
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I lost my betting money faster than Big Smoke when he spends a night at the casino!
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Question. Does the once every three weeks stop once playoffs start?
Have a feeling I won't like next week's lines either. Sent from my Pixel 4 using Tapatalk |
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good one :LOL:
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We can bet anytime after Thursday if we aren't betting Buf/LAC as long as we get in before kickoff?
Can we split up or are we supposed to do all bets at once, once a week |
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You can post them however you want, but if you are making several within minutes of each other, I'd prefer that you put them all in one post. It just makes it a little easier on me. |
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