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Betting; How do you do this?

Discussion in 'Off Topic' started by Buddz, May 3, 2006.

  1. Buddz

    Buddz New Member

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    Hi,
    it just came to my mind that I see it in movies all the time, but don't have a clue how it actually works. E.g. in Oceans Eleven, at the rehearsal of the heist one person bets 10$ that the chinese contortionist fumbles the backflip, and two others bet 20$ against it. Who gets what in which situation? And are there rules regarding the amount you have to wager?
     
  2. Cap'n Beeb

    Cap'n Beeb Banned

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    Never wager more than you want to lose. Whoever was right wins the money.
     
  3. Hadmar

    Hadmar Queen Bitch of the Universe

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    I asked myself the same question a couple of times and the answers I came up with are either it's a hollywood thing or some people like to risk losing more money than they have to.

    If I bet 10$ on something and someone else bets 20$ against it there are 30$ in the pot. Only one third is from me and yet I get everything if I win. Doesn't sound realy fair. Anyone feels like betting 100$ on something that has a 50/50 chance? I want to bet 2 cent against it. :D
     
  4. mat69

    mat69 just fooling around

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    No problem.
    But I won't pay, as I do not have to pay at least according to Austrian law.
    Betting as going to the stew is against common manners, so if I give you the money it is my problem and I can't get it back, but you can't demand the money (a contract on this is void).
     
  5. Hadmar

    Hadmar Queen Bitch of the Universe

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    With that sort of bet it's the same here. "Wettschulden sind Ehrenschulden" is not just a phrase... you honorless little... Brutus, Bob, Jack, go, get me my money. :p
     
  6. mat69

    mat69 just fooling around

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    I call that punchy arguments. ;) *sortingoutwhatloadouttotake*
     
  7. -Freshmeat

    -Freshmeat Eternally noob

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    Unless somebody has the real explaination, I can think of to things:

    1) Arnie bets $10 that something happens. Ben thinks that it is likely it will happen, but a fair chance it is not. By betting $20 it does not, it could be that Ben owes Arnie $10 if Arnie wins, but Arnie owes Ben $20 if Ben wins. Thus, it could be a way of getting better odds. A friend of mine had the expression that he was willing to bet "a farm against a burnt matchstick" if he was sure of something.

    2) If somebody bets a higher amount, it is the new amount that is at stake. In the previous example, the losers pays $20 to the winner.

    -Freshmeat (I'd rather bet a burnt farm against a matchstick)
     
  8. Pipe_Dream

    Pipe_Dream 3-time World Champion Bowler

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    Uh, ever heard of "side bets"?

    If I bet Freshmeat $10 that my "package" is bigger than his, Buddz can make a side bet(for any amount) with Hadmar that either A) I'm wrong or B) I am right. If I were Buddz, I would go with B
     
  9. Harrm

    Harrm I am watching porns.

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    Whatever happened to the words "you're on."?

    --Harrm
     
  10. TheShiningWizard

    TheShiningWizard Because it's more fantastical.

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    Modern education accidentally changed them to "your on!"
     
  11. Pipe_Dream

    Pipe_Dream 3-time World Champion Bowler

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    I can't talk about this any longer.
     
  12. Hadmar

    Hadmar Queen Bitch of the Universe

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    1) I came up with that too but dismissed it since quite often "in t3h movies" these kind of bets are not made between friends but total strangers or even people who can't stand each other. Giving better odds just like that seems a bit to social from what I would expect in this cold, cruel, evil, depressing world full of inconsiderate.... err sorry, I got a little carried away. :D

    2) Could be used as bankrupting tool. Assuming you bet 10$ on something and I just know you will lose and bet 10000$ against it... evil. ;)

    Wuuuuuuuss
     
  13. Buddz

    Buddz New Member

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    So generally it remains a mystery... hmm
     
  14. Harrm

    Harrm I am watching porns.

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    Freshmeat: In case 2, you can one-up, but they only owe you the greater amount if they agree to the one-up, otherwise the original bet still stands. It's a confidece game.

    Buddz: If the Chinese dude fumbles, the man paying 10$ gets 20$. If he does not, 10$ is split between the two men who bet 20$. Unless they both offered to bet 20$, in which case the man who bet 10$ wins/loses to 40$.

    --Harrm
     
  15. Hadmar

    Hadmar Queen Bitch of the Universe

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    OK, person
    a) 10$ that...
    b) 20$ against...
    -> a) gets 20$ OR b) gets 10$. But now:
    c) 20$ against...
    -> a) gets 40$ OR b) and c) get 5$ each

    Can b) still quit? From his perspective his possible win just halved without reason. What is if c) bet 37$ against it instead of 20$? Do b) and c) get 5$ each or do they need to get a calculator from somewhere?

    Does stuff like that realy happen? Sounds still very Holliwoodian to me.
     
    Last edited: May 10, 2006

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