F1 YOU BET 2016 - The Game
- Thread starter Greenlantern101
- Start date
...if only we had a real prize
Spread sheet has been updated with more automation, so I have less to do and there should also be less cockups as well. Famous last words. Only took me 4 hours... doesn't time fly when you are having fun 
We need more players, sign up people it's fun honest.
We need more players, sign up people it's fun honest.
Start tagging people who haven't enter Greenlantern101. Like a ticket tout at a gig.
For instance The Artist..... The Pits come play!
For instance The Artist..... The Pits come play!
ok at the risk of being executed for spamming offences.tonyw151 Jos the Boss mjo tooncheese jez101 Puhoon F1Brits_90 FB gethinceri Il_leone Bill Boddy snowy
Fancy playing this year?
Don't blame me RasputinLives is a bad influence
EVERYONE WELCOME. Even if I didn't send you spam.
Greenlantern101 at nearly 50 years of age I have no idea how gambling works so I would be just putting down the names of drivers randomly without the vaguest clue whether there was any chance I might win or lose.
That's exactly what the rest of us are doing.
Jos the Boss
Champion Elect
Boy howdy, do I!?
20 Bros on Lewis!
Thanks for the tag, I would've missed this otherwise!
20 Bros on Lewis!
Thanks for the tag, I would've missed this otherwise!
F1Brits_90
World Champion
Im ready to have another go. Just deliberating for whether to go for Hamilton/vettel or a risky each way (can you just remind me if its 2nd or 3rd was ew) punt on kimi, riccardio or hulkenburg 
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F1Brits_90 each way brings home the bacon if your driver places 1st 2nd or 3rd, but at only a 1/3rd the odds. Read rule 3 it explains in more detail 
F1Brits_90
World Champion
F1Brits_90 each way brings home the bacon if your driver places 1st 2nd or 3rd, but at only a 1/3rd the odds. Read rule 3 it explains in more detail
Thanks in the 4 month break i couldnt remember if 2nd/3rd
Thats a decent turn out now, 12 players placed a bet and just waiting for soccerman17 and F1Brits_90 bets which could take us up to 14 players. Nice.
Anyone else fancy playing?
EDIT: AND ME. I forgot little me. 15 players.
Anyone else fancy playing?
EDIT: AND ME. I forgot little me. 15 players.
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Having now entered everyones bets into the spread sheet I am slightly concerned that some people don't quite understand the implications of betting each way on a runner with poor odds. With odds of 3 to 1, if your driver comes in just 2nd or 3rd you will only break even. If the odds are poorer than this say 2 to 1 then you would loose money overall if your driver was 2nd or 3rd. However this could also be looked on as damage limitation, which may be how some of you are treating this. To try and make things clear for those unsure I have added some examples below.
People that currently have each way bets on poorer than 3-1 odds are mjo Titch Slyboogy Fenderman
Some examples.
Example 1: Odds over 3-1
A £10 each-way bet on a 10-1 selection in a race and paying 1⁄3 the odds for a place 1, 2, or 3 would cost £20.
A £10 each-way bet on a 3-1 selection in a race and paying 1⁄3 the odds for a place 1, 2, or 3 would cost £20.
A £10 each-way bet on a 2-1 selection in a race and paying 1⁄3 the odds for a place 1, 2, or 3 would cost £20.
If anyone wants to change their bet you can do so right up to the deadline midnight Thursday.
People that currently have each way bets on poorer than 3-1 odds are mjo Titch Slyboogy Fenderman
Some examples.
Example 1: Odds over 3-1
A £10 each-way bet on a 10-1 selection in a race and paying 1⁄3 the odds for a place 1, 2, or 3 would cost £20.
- Returns on the win part of the bet would be £10 × (10/1) + stake = £110
- Returns on the place part of the bet would be £10 × ((10/1) × (1/3)) + stake = £43.33
- Total returns would be £110 + £43.33 = £153.33 if the driver won the race, but just £43.33 if the driver only finished second or third.
A £10 each-way bet on a 3-1 selection in a race and paying 1⁄3 the odds for a place 1, 2, or 3 would cost £20.
- Returns on the win part of the bet would be £10 × (3/1) + stake = £40
- Returns on the place part of the bet would be £10 × ((3/1) × (1/3)) + stake = £20
- Total returns would be £40 + £20 = £60 if the driver won the race, but just £20 if the driver only finished second or third, meaning you would break even.
A £10 each-way bet on a 2-1 selection in a race and paying 1⁄3 the odds for a place 1, 2, or 3 would cost £20.
- Returns on the win part of the bet would be £10 × (2/1) + stake = £30
- Returns on the place part of the bet would be £10 × ((2/1) × (1/3)) + stake = £16.66
- Total returns would be £30 + £16.66 = £46.66 if the driver won the race, but just £16.66 if the driver only finished second or third, meaning you would be down £3.34 form your initial stake money.
If anyone wants to change their bet you can do so right up to the deadline midnight Thursday.
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