In most places — perhaps your country has regulated betting which works differently — if you’re acting as a bookie and giving betting odds, then if you take a bet at specific odds you are committing to paying out at those odds even if the pool doesn’t cover it. (Usually the odds are calculated specifically to induce people into covering all sides so that the pool will be big enough to cover long shots which come off.) So the people who actually took the bets will have to go into debt to pay off those bets if the pool doesn’t cover it, or else welch on the bets… which is probably not a very safe thing to do if you took a bet from somebody with the ability to turn you in for running an unethical gambling operation.Betting doesn't work that way, the odds shown are always the existing prize-pools ratios. The 4 ppl that bet on rick will get to split the money from the ppl who didn't in four.
Noone would ever bet [on the popular choice] if even a simple 1 euro bet could have the bookie turn up at your house demanding 1 billion from you because some rich dude decided to bet big-time on the unpopular choice [and rigged the match or got lucky].
So what the 3 ppl did was to bring the sole bettors nice 1:100 payout down to a 1:25 payout - if they bet same amount. With how much the 3 bet, I suspect the original bettor wins pretty much nothing, and angelica about 99% of the prize-pool.
So you are saying that the pokemon-stadium seasons in TwitchPlaysPokemon is illegal in some countries?In most places — perhaps your country has regulated betting which works differently — if you’re acting as a bookie and giving betting odds, then if you take a bet at specific odds you are committing to paying out at those odds even if the pool doesn’t cover it. (Usually the odds are calculated specifically to induce people into covering all sides so that the pool will be big enough to cover long shots which come off.) So the people who actually took the bets will have to go into debt to pay off those bets if the pool doesn’t cover it, or else welch on the bets… which is probably not a very safe thing to do if you took a bet from somebody with the ability to turn you in for running an unethical gambling operation.
Oh I am so glad that this was not an April fools joke.
Fighting for first place with her "Ooopsie! Did lil' ole' me just win?" face a bit below that...Ange's face the in the bottom panel is priceless.
I haven't read the LNs, but reading their descriptions, the 5th LN says it's the start of the knight academy arc, so we're somewhere in there. How far in, though, I couldn't tell you.Hmm, anyone have an idea on how far is this into the Light Novel? since they are adapting it to Anime too and there is 11 LN Volumes currently
We are talking about cases where its insane to bet huge ammounts of cash due to extremely low wining chances. On this case Angelica bet a LOT of money because she knew what was going to happen. Usually when theres a huge payoff theres almost no sane person that will bets an ammount of money so big that the betting pool cant cover it fullySo you are saying that the pokemon-stadium seasons in TwitchPlaysPokemon is illegal in some countries?
Also, what you said sounds like a system that makes it impossible to be a bookie without match-fixing, insidertradingoddsing, or exorbitant fee percentages.