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chocobetting

#1
User is offline   foxtrot 

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So eh wasn't exactly expecting to hit it big or rake in the gil- just making silly bets while doing homework.

But I'm a little confused- I bought a ticket (800 quill) and the rate I was told at the time was something like 600gil to each quill. Race ends and I go to cash out and the npc tells me the rate is now 100 gil : 1 quill and I get back 80k gil (same price for ticket). I've got different returns on different tickets but this just seems a bit ridiculous- whats the point of betting if the reward is the same amount you bet?

Is there a certain way the system works that causes this?
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#2
User is offline   Mmtheblue 

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NPC bets.

Or something.
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#3
User is offline   rambus 

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I have not done it in a long time but odds can shift. best way is to bet is a bit before it closes.
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#4
User is offline   CerGoltana 

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View Postrambus, on 11 November 2010 - 09:10 PM, said:

I have not done it in a long time but odds can shift. best way is to bet is a bit before it closes.


This.

Actually, before betting you should speak to the NPC's downstairs @ the round counter. The explain everything about Toteboards, Betting, Odds, etc. The fact is, you could bid on a certain combination and the odds put a certain pair at 500/quill. But the more people bet on a specific pair (the same, popular pair), the odds go down, which ultimately DECREASE the amount of money/quill in a specific pair.

What this means is, Chocobos 1 & 2 may have a 100% chance of winning the race, and everyone bids on that specific pair. The amount/quill at the beginning of the betting WILL NOT BE THE SAME as the amount/quil at the end of the betting, presumably because everyone and their mother will be betting on pairs 1& 2.

This also means that you could very well bid on a very unpopular pair and get extremely lucky and have them both win, and you can win a shitton of gil. But the chances of that are lower, which is why the game pays you more to pay for an unpopular race pair. They pay you less money if the odds are for a specific pair, which really makes sense if you think about it.

I mean, if you knew a certain racer was always going to win a specific race, why would anyone bet otherwise and lose money? You're not going to get as much as you would on an unpopular pair, but the chances of you winning is much higher. Just your payout isnt as high as bidding on a pair that has low odds.
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#5
User is offline   foxtrot 

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Been a while since I even checked this lol.

My main point was I was just floored that the winnings = exactly what money I shelled out to bet; which seems rather stupid.

No race is 100%. Personally I'd love to open a track where if a person wins- they get back exactly what they paid otherwise I keep everything lol.

This post has been edited by foxtrot: 16 June 2011 - 03:21 PM

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