Parimutuel wagering

From Dragons

Jump to: navigation, search

Parimutuel wagering games are those where all wagers go into a pot, and those players that successfully predict the outcome get their bet back plus a share of the non-winning wagers proportional to their own.

Currently only the Beetle Derby races are parimutuel in Dragon's Tale.

Win Wager Example

PlayerBeetleBet Amount
DiCreepy Crawly8 BTC
SLWilsonMister Wiggles6 BTC
NoitevMister Wiggles3 BTC
ArtifexHorned Demon7 BTC
MoeSpudley's Revenge3 BTC

If Mister Wiggles wins, then SLWilson gets back 16: He has put in 2/3 of the wagers on the winning Beetle, so he gets 2/3 of the non winning wagers (10), plus his original 6 BTC wager back. Noitev would get 8 BTC back: 1/3 of the non-winning wagers (5) plus his original 3 BTC wager.


Place Wager Example

PlayerBeetleBet Amount
DiCreepy Crawly8 BTC
SLWilsonMister Wiggles6 BTC
NoitevMister Wiggles3 BTC
ArtifexHorned Demon7 BTC
MoeSpudley's Revenge3 BTC

When you make a Place bet, you're saying that your Beetle will come in either first or second. In this example, Mister Wiggles comes in first, and Spudley's Revenge comes in second (though the order is irrelevant.) The non-winning wagers totaling 15 BTC are split into two pots of 7.5 BTC each. One of those will be proportionally distributed to those that bet on Mister Wiggles: SLWilson will get 11 BTC (his wager of 6 BTC back, plus 2/3 of Mister Wiggles' 7.5 BTC Place pool), and Noitev will get 5.5 BTC (his wager of 3 back, plus 1/3 of Mister Wiggles' 7.5 BTC Place pool.) Moe will get 10.5 back (his wager of 3 back, plus 100% of Spudley's Revenge's 7.5 BTC Place pool.)

The Show pool is like the Place pool, but with first, second, and third all paying out.

Parimutuel games don't count toward Dragon's Treasures. Usually Parimutuel games pay back 100%, with no house rake. If a race completes and there are no bets on any winning/placing/showing Beetles, the full amount of the pot is retained as a bonus in the next race, which can make for highly +EV payouts.

When only one placing beetle has place bets on it, the entire pot is distributed proportionally to those that made place wagers on that beetle. A similar rule holds when oonly one or two showing beetles have show bets on them.

Personal tools