Game: Bet on the Champion

[Levenspiel]

Greece and Serbia are great bets ,why Spain is so low?

I think it more or less reflects the general opinion at IBN as well, doesn't it? Big favorites for the title.

So how do you invest your money?

[Perseus]

500 Serbia 500 Greece

1.75 and especially 2.75 are to low to risk my money,if Spain was around 8 i would bet Spain.

[Levenspiel]

Fun idea!! Winner gets to brag in their signature?

Yeah, depends, if the house loses, sorry don't expect anything else .

I will update the odds after each round, and the current bets will be secured on each deadline. So you can invest more money as you go along. I don't know, it just popped to my mind, any other the ideas are welcome too, this is kind of experimental.

[lebanese phoenix]

all in on Lebanon ..... i wanna be a millionaire

[J-Mart]

500 on USA on WIN
300 on Spain on Place
100 on PR on Show
100 on USA-Spain Exact

[DarkoMVP]

If you split your money, you ensure that you can't win. People who focus more will beat you.

If this game was repeated 10 times, maybe that would work, but there will just be a single winner and single payout, so even if you have the best expected value, you will never be the best..

[Dtown]

450 USA
300 Spain
200 Greece
50 Argentina

[Levenspiel]

If you split your money, you ensure that you can't win. People who focus more will beat you.

If this game was repeated 10 times, maybe that would work, but there will just be a single winner and single payout, so even if you have the best expected value, you will never be the best..

You seem to know better than me about probability and stuff, but what if some other team other than the top-4 wins? It's not easy to focus on any of them. Yeah, especially if USA or Spain wins, the results will be disappointing.

If I had time, I'd do the same for each gameday and it would definitely be more fun (same logic with Billy Bounce's system, but with externally determined fixed odds). Anyway, this time we go simple.

[each way]

1000 on USA

Every other team are playing for second

[Deschain]

The teams that have a shot on the gold medal besides USA and Spain are

Greece (always there for top 4)
Serbia (great team, less chance than Greece imo)
Turkey (going to be a nice team, hosting nation too, evenly matched with serbia)

Can't say Argentina because i don't think they'll make it to the finals.Though i would really love them winning the gold.

Brazil is quite likely to choke.

I don't Believe Australia (a relatively-new team with new big players) have twhat it takes to play for high stakes.If thay had played together a few years more they chances would have been better.

So, Spain > USA > Greece > Serbia = Turkey=Argentina?

optimized earnings equatiation should be. like

Spain x a= USA x b = Greece x c..

*but* you should have more than 1000 to win. So. splitting the money equally is not the best option.

betting on USA doesn't seem a nice option, regarding that you'll have to invest more than 600 to exceed 1000 in case of a win. That'll put you on a situation which even if you invest 400 to spain , and if spain wins you'll only get 1100, That's risky because it's a game and anything might occur.You'll end up with 0 if any other team wins.

even if they have the chance. i don't think USA are going to win the gold.

So;

Spain ; 650
Greece 200
Turkey 75
Serbia 75

[Adon]

So;

Spain ; 650
Greece 200
Turkey 75
Serbia 75

Originally Posted by DarkoMVP View Post
"If you split your money, you ensure that you can't win. People who focus more will beat you. "

...namely all those who have bet 1000 to Spain or Greece or anyone who have bet more than 75 to Turkey or Serbia.

It's impossible for you to win.Change your bet

[pomahnitali gnat]

Everything on Serbia.

No matter how much you spread, in a short while every team will be covered by an all-in bet, which means you have no chances to win.

[Deschain]

Originally Posted by DarkoMVP View Post
"If you split your money, you ensure that you can't win. People who focus more will beat you. "

...namely all those who have bet 1000 to Spain or Greece or anyone who have bet more than 75 to Turkey or Serbia.

It's impossible for you to win.Change your bet

well my bet is a realistic one. since it's not real money. it's normal to see people betting 1000 on a team. yes if spain win , i'll loose. but just want to see myself winning more than 1000.

you should be penalized if you put all or most of your credits on a single team. current manner simply eliminates people who actually made some calculations on this one.

[maka]

USA-500

Greece - 100
Spain - 100

Argentina - 30
Brazil - 30
Lithuania - 30
Slovenia - 30
Russia - 30
Croatia - 30
Puerto Rico - 30
Australia - 30
France - 30
Serbia - 30

[Adon]

well my bet is a realistic one. since it's not real money. it's normal to see people betting 1000 on a team. yes if spain win , i'll loose. but just want to see myself winning more than 1000.

you should be penalized if you put all or most of your credits on a single team. current manner simply eliminates people who actually made some calculations on this one.

In this game, the winner is he (or she) who will gain the bigger amount of "money".You are playing a slightly different game.