YOU BET GAME - 2017

2018 rules Revision A
Comments please.

2018 rules

1. Do you want to play? Just post a message saying I want to play and you are in.

2. In each round you can ‘claim’ an income of £20. You can do this automatically by simply placing a bet or If you wish to claim this income without spending it just post a message saying ‘Bank’. Failure to do this will result in you not receiving the £20. You can ‘bank’ as many £20 incomes as you wish to save for a larger bet at a future race.

3. Your bank account balance will include your income and your winnings. This bank balance can be used in full or in part to place bets with and will run throughout the game. Even if you spend all your money you can still claim your £20 income in the next race.

4. 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.

5. Maximum 1 bet per round (or the spread sheet would get even more complicated)

6. 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.

7. The odds are taken from a randomly chosen betting shop and will be posted as soon as available.

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 Watch out for Monaco, practice is on Thursday for some weird outdated reason that nobody can remember.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
 
Yep, teabagyokel , that's effectively what I've been doing all year, since I just don't see the point of betting on Hamilton FTW at 8/11 or whatever.

Of course, what we need is a season where there's no big surprise winner in the first race; jez101 's punt on Vettel in Melbourne sort of recalibrated our expectation of what a good return should be. A freak season like 2012 (or '82) with lots of different winners would be good, too!
 
Yes.

I could have said I don’t have the guts to vote on Danny R for the win, so I always go e/w, because I’m a Lilly livered chicken.


:D. But it sounds a bit harsh.
 
just reading through everything & looks great Greenlantern101 im sure it be less complicated than written down as most things when it practise & i would keep each way bet in effect becomes as others mentioned for me majority has become which 4 drivers from other teams will be 3rd & you need variety everyone on Hamilton & vettel. would be boring
 
I didn't propose getting rid of e/w betting. I just think it might be more suitable to make it less appealing, so that it's a harder decision to make whether to bet e/w or FTW. For me this season, it's been a really easy decision because I haven't felt remotely compelled to bet FTW...
 
At the risk of becoming annoying

2018 rules Revision B in red
Comments please.

2018 rules

1. Do you want to play? Just post a message saying I want to play and you are in.

2. In each round you can ‘claim’ an income of £20. You can do this automatically by simply placing a bet or If you wish to claim this income without spending it just post a message saying ‘Bank’. Failure to do this will result in you not receiving the £20. You can ‘bank’ as many £20 incomes as you wish to save for a larger bet at a future race.

3. Your bank account balance will include your income and your winnings. This bank balance can be used in full or in part to place bets with and will run throughout the game. Even if you spend all your money you can still claim your £20 income in the next race.

4. 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.

5. Maximum 1 bet per round (or the spread sheet would get even more complicated)

6. All bets are on the winner. Each way bets can be placed at 1/5th odds for a place 1st - 4th. 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.

7. The odds are taken from a randomly chosen betting shop and will be posted as soon as available.

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
 
How about an extra rule mandating a stake of at least £10 being placed at least 50% of event to be eligible for the kudos and adulation that accompanies becoming champion? Otherwise you could trouser £20 each race and walk away with a respectable fictional £420 or so!
 
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