YOU BET GAME - 2017

Greenlantern101

Super Hero And All Round Good Guy
Contributor
Welcome to the CTA betting game. Gambling with fake money on the F1 races for the 2017 season.
If you like a bet with Fake Money you're in the right place.

The bookies is now open

How to play:

The rules.
1. Do you want to play? Just place a bet and you will be automatically entered in the game. You will be credited with £10 CTA pounds (no actual monetary value) for every remaining race (20 this season). For example: If you place a bet on the first race you would be credited with £200 CTA pounds. Or if your first bet is the 3rd race in the season you would be credited £180 CTA pounds etc etc.
2. Maximum 1 bet per round (or I would have to rewrite the spread sheet.) You can bet as much or as little as you want. Just remember it's a long season.
3. All bets are on the winner. Each way bets can be placed at 1/3rd odds for a place 1st - 3rd. All winning bets are calculated by spreadsheet formula based on this wiki page. If you are unsure how each way betting works please see the examples below.
4. The odds are taken from a randomly chosen betting shop and will be posted as soon as available.
5. To place a bet, post in this thread, stating your driver to win, your money and if you are betting 'each way'. Just remember each way bets cost double the stated amount. Please see the examples below.
6. (The dreaded Rule 6) You don't have to place a bet in every round, however placing a single bet then sitting out the rest of the year with your stake money untouched is not in the spirit of the game. So if no bet is placed for 3 consecutive races, you will automatically place a £30 bet on Marcus Ericsson in the 3rd race. (Sorry Marcus)
7. Once you're bust it's game over, no re-entries. So make that stake money last.
8. All bets must be in before midnight UK time, the day before 1st practice or they wont be counted. Watch out for Monaco, practice is on Thursday for some weird outdated reason that nobody can remember.
9. I will post everyone's balance only after the official race result is announced.
10. If your driver doesn't run in the race for some reason your money will be refunded.
11. The player with the most money at the end of the season is the champion and gets added to the wall of champions. Other 'special' awards will be given out at random for which ever reasons I see fit :)

Wall of champions
2014 Fenderman
2015 Titch
2016 Greenlantern101

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.
Example 2: Odds of 3-1
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.
Example 3: Odds of less than 3-1
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.

Here are the odds for Melbourne.
Good luck everybody.

Melbourne Odds.png
 
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gethinceri

Daniil Kvyat Fan. Alfa Romeo Fan.
Contributor
I would firstly like to point out that I seem to recall that we traditionally bet with Brogans as the currency rather than pounds, also that builders will have an advantage if I read the second sentence of the original post correctly,

10 Brogans each way on Vettel, please Greenlantern101.
 

Greenlantern101

Super Hero And All Round Good Guy
Contributor
I fixed that. I had to read that about 10 times before I noticed the missing M. This happens to me a lot, I'm rather blind to things like that.

I have no idea why it still says gabling and not gambling in the featured thread on the home page cider_and_toast?
 
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Titch

Champion Elect
Premium Contributor
I was looking forward to a few race meetings on the gables! Good view.
 
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