A question regarding this contest? Northern Ice or JeffH

I'm using Patrick McIrish as an example:

Can he bet so many Units?

Doesn't everyone start with 40 UNITS or in this case $4000 (40 Units multiplied by 100).

Detroit -800 (4)

Colorado -600 (4)

Dallas -550 (4)

Isn't he risking $3200 of his $4000 to win $400 on the Red Wings alone???? Meaning he is risking 32 Units to win 4 Units??

If so, there is no way players can wager so many series bets and single bets at -700 selections?


--> I see a problem here - if so, then this whole contest can be flawed because of the misunderstanding of units?

Aren't we all risking $100 for underdogs and to win $100 per se for Favorites?

If so, in the above scenario - He is risking 78 Units to win 12 Units. This is true since he is risking/playing high price juice for them. if this is the case, I would suggest clarifying the rules because some ppl are confused including myself.

I am assuming we are risking to win 1 Unit everytime we play a favorite - hence, I'll play 'em low.

 

I don;t know if McIrish reads the rules or anything but doesn't it say:

"The number of units associated with each selection must be an integer. For underdogs or parlays paying +100 or better, the number of units for the selection represents the number of units at risk. For favourites or parlays paying less than +100, the number of units for the selection represents the number of units to be won."

--> I am in no way here accusing McIrish of the problem nor anyone else. I just want to clarify the rules so ppl will not be confused by it and we will avoid any controversy down the line on how many Units the person has to play with.

According to the example posted in the Series/Conference thread, there is no way a person can risk so much as above stated.

 

[JeffH]

Good point- there appears to be some misunderstanding here between the number of units associated with a selection and units at risk.

The number of units associated with a selection is simply the number of units that you are trying to win if you select a favourite and the number of you units that you have put up if you are selecting an underdog. It is necessary to consider the odds associated with each selection in order to determine the number of units that are put at risk.

The starting bankroll represents the number of units that you have to put at risk.

So, in the example you have noted, there is not enough units in the account to support the selections made. If it was any different, the concept of the initial bankroll would be irrelevant.

 

[giorg0s]

So the maximum of the 20 units we must reach in round 1, its not the number of units we are risking but the number of units we want to win in each game... ?

 

[JeffH]

No, the maximum number of units that you need to put at risk in Round 1 is 20. In theory, you could take Ottawa +1 -1175 tonight to win 2 units; because you have put 23.5 units at risk, that's enough to meet the requirement.

 

[CrazyCanadian]

This isa great contest

Thank you

 

[giorg0s]

Here's another question...
Do the units we risk for the conference and stanley cup winners count for the 1st round or for each round we make the post ?

[This message was edited by giorg0s on 04-09-03 at 05:01 PM.]

 

[JeffH]

The answer to this is in the rules already.

For the purposes of meeting the minimum units at risk requirement, the selections count in the round that they are played. For the purpose of determining the results for a round, these selections count in the round that they are paid out.

 

well JeffH

I would recommend solving the problem in the thread http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=428090432&m=2483078017
since a lot of people such as McIrish is risking over 72 Units to win just 12 Units.

 

JeffH

I just noticed

EveryGamblersDream posted:
posted 04-10-03 07:00 PM
Anaheim -1 +600 1 Unit

Anaheim +1.5 -120 2 units

Over 5.5 Anaheim-Detroit +130 2 units

Tampa Bay -1.5 +230 1 unit

Over 5 Washington-Tampa Bay +120 1 unit

Colorado -1.5 +130 2 units

Over 5 Minnesota-Colorado +130 1 Unit

Vancouver -1.5 +200 2 units

Over 5.5 Vancouver-St. Louis +100 2 units

Vancouver -1 +120 1 unit

I thought by the rules it says you can only bet ONE SIDE and ONE TOTAL...Just using EveryGamblersDream as an example - but he is appearing to play 2 sides and 1 total in ONE GAME alone. Isn't that forbidden? Just curious - giving you the heads up JeffH

 

http://therxforum.com/6/ubb.x?a=tpc&s=100090022&f=428090432&m=7063090117

Alot of people who are participants do not appear to even read the rules JeffH ypu should make sure of this so that EveryGamblersDream or anyone else who are confused and wager 2 SIDES and 1 TOTAL are not counted.

 

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Maximum Units at Risk:

- Contestants may make selections up to the Maximum Units at Risk limits:
Round 1:
Individual Sides and Totals: 2 Units Each per Game <HR></BLOCKQUOTE>

Clearly it is written but JeffH you should at least copy and paste it on every contest thread daily since alot of ppl are confused.

 

Do you live for this by any chance?

 

I did the same thing yesterday & it counted so I don't see why it wouldn't tonight.

Edmonton -1.0 +525 1 unit

Edmonton +1.5 -155 1 unit

Edmonton at DALLAS over 5.0 +130 1 unit

from yesterday.

Maybe you should go read some more before assuming.

 

JeffH

So according to the rules there is a mistake??


I can bet as many sides in a game then can't I?

I theory I could've wagered

Ducks +0.5

Ducks -1

Ducks +1

and Ducks +1.5 eh?

Is this correct?

 

<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Do you live for this by any chance? <HR></BLOCKQUOTE>

EveryGamblersDream - I feel some tension between us. Is there a problem here?

I'm just telling Jeff H about the problem.

If you can bet

Ducks -1. Ducks +1.5. Ducks +0.5 and Ducks +1 then I'm going to do that every game on a underdog then...

 

[JeffH]

There is a problem with EGD's selections for Thursday, but the selections for Wednesday are consistent with the rules.

The reason that the selections on Wednesday were consistent with the rules is because the number of units put at risk were within the limits for selections on sides in Round 1 of the playoffs.

The reason that the selections on Thursday present a problem is because the number of units put at risk is greater than the limit for selections on sides in Round 1 of the playoffs. If there is any ambiguity in point 4 of the rules, it should have been clarified by the example in point 5, which presents a situation in which the number of units associated with selections on a side in a single game exceeds the limits.

There is also a comment clarifying this in point 2 of the "short version of the rules" comment which followed in the rules thread.

The four selections per game that CJI has asked about would be possible, but not until Round 3 of the playoffs, where the combined limit is 4 units and a contestant could take each for 1 unit.

 

Hmm ok which game was the problem & could you let me know what would have been acceptable?

Thanks

 

I assume it is the Ana-Det game where 3 units were used side wise. If they were both 1 unit each then they would be ok since that would be at max correct?

 

[JeffH]

Anaheim -1 +600 1 Unit
Anaheim +1.5 -120 2 units
Over 5.5 Anaheim-Detroit +130 2 units

In this game, there is 3 units associatd with selections on sides, which is more than the 2 unit limit. Because the second selection on the game is not consistent with the rules, it and all of the subsequent selections on the game (ie: the total) will be disregarded. The first selection will be included in the standings.

Vancouver -1.5 +200 2 units
Over 5.5 Vancouver-St. Louis +100 2 units
Vancouver -1 +120 1 unit

Again, the same problem exists as in the Anaheim game. In this instance, the third selection is not consistent with the rules and only it will be disregarded. The first and second selectiona will be included in the standings.


------------------
As an example, this would have been within the rules, as the selections on the sides were collectively for 2 units and the selection on the total was for 1 or 2 units:

Anaheim -1 +600 1 Unit
Anaheim +1.5 -120 1 unit
Over 5.5 Anaheim-Detroit +130 1 or 2 units