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Title: WPT National London Final table Post by: Jamier-Host on August 22, 2005, 07:49:19 PM Outright odds now up on Blue Square (http://www.bluesq.com/bet?AFF_ID=20537) in the specials section for the Legends of Poker event in LA. Last longer match betting to follow.
Free £25 bet for first time users by using the special BlondePoker link above. Title: Re: WPT National London Final table Post by: Jamier-Host on August 24, 2005, 01:31:17 PM .
Title: Re: WPT National London Final table Post by: Jamier-Host on August 24, 2005, 02:05:56 PM Ok well that last response title makes absolutely no sense considering the layout of this forum..... :-[ Anyway, match betting odds are up on the site. See original post for special blonde link which gets you a free £25 bet on a new account. Cheers, Jamie. Title: Re: WPT National London Final table Post by: The Camel on August 24, 2005, 03:08:11 PM Jamie,
Much as I admire Blue Square as a firm and applaud your iniative for pricing up so many poker events, don't you think 40/1 the fileld in an event which attracted 667 players last year is a teensy weensy bit tight. I know your boss is a tad risk adverse, but having the favourite at 100/1 would be a little bit fairer wouldn't you agree? See you Saturday, Keith Title: Re: WPT National London Final table Post by: ACE2M on August 24, 2005, 03:21:42 PM 100/1 book. thats funny.
Have you any idea what kind of over round you would be betting to. So what do you make the 10 th person on the list 250/1,300/1? Title: Re: WPT National London Final table Post by: The Camel on August 24, 2005, 03:28:34 PM Hi Ace,
Call me crazy if you like, but I'll lay you 100/1 any named played in the event if you like. Cheers, Keith Title: Re: WPT National London Final table Post by: ACE2M on August 24, 2005, 03:40:42 PM but will you lay me 600/1 for someone who is 100/1 on bluesq?
If yes i'll have some of it. Title: Re: WPT National London Final table Post by: ACE2M on August 24, 2005, 03:43:56 PM Hi camel btw.
Didn't mean to be rude but am at work and have to be brief. Title: Re: WPT National London Final table Post by: The Camel on August 24, 2005, 03:53:20 PM Hi camel btw. Didn't mean to be rude but am at work and have to be brief. No offence taken. If it's Jac Arama or Tiffany Williamson you want to back I will surely lay you 600/1. Otherwise 200/1. I had a quick look at blue squirrels book and the overround is frightening. Easily over 200% and they aren't laying a price on "any unnamed player". So it could amount to, depending on the number of players, to as much as 400%. Stan James are 80/1 the field. Still a bit tight, but alot fairer. Cheers, Keith Title: Re: WPT National London Final table Post by: ACE2M on August 24, 2005, 04:29:42 PM £20 e/w 1/8 1-9.
Layne Flack. If you want to stand the bet i'm on. Title: Re: WPT National London Final table Post by: The Camel on August 24, 2005, 04:47:21 PM Layne Falck isn't 100/1 on Blue Square.
You asked me what price I would lay a 100/1 shot on bluesq. I said 200/1. Seeing as Flack isn't 100/1 I am obviously not going to lay 200/1. Title: Re: WPT National London Final table Post by: ACE2M on August 24, 2005, 04:53:57 PM 125/1 then.
The % increase is the equivalent to if you price the fav at 100/1. I misunderstood, i thought you would lay me 200/1 any player you see my reasons for eagerness!!!! £20 e/w 1/8 1-9 @ 125/1 Layne Flack. Again if your laying it i'll back it. Title: Re: WPT National London Final table Post by: Jamier-Host on August 24, 2005, 06:00:13 PM From what I can see Stan James are betting win only, so gonna be tough to get a return there! We'll check out our prices for the next event though and see if we can push them out a bit. Cheers, Jamie. Title: Re: WPT National London Final table Post by: Jamier-Host on March 17, 2013, 08:55:41 AM Weird looking back on this now. Had no idea what I was doing but somehow convinced someone otherwise, who then gave me access to set up markets on any poker event I fancied.
Clearly would have taken some rotten luck to lose money the way I was pricing them though!! Title: Re: WPT National London Final table Post by: tikay on March 17, 2013, 09:00:36 AM Yikes, the world has moved on in the intervening eight years. Title: Re: WPT National London Final table Post by: Doobs on March 17, 2013, 09:51:43 AM Yikes, the world has moved on in the intervening eight years. You didn't see the prices I laid on last year's WSOP on Betfair. Would have made blue square look like the second coming. Title: Re: WPT National London Final table Post by: tikay on March 17, 2013, 10:00:51 AM Yikes, the world has moved on in the intervening eight years. You didn't see the prices I laid on last year's WSOP on Betfair. Would have made blue square look like the second coming. I never knew Betty had a market on the WSOP. Must be a layers paradise. Title: Re: WPT National London Final table Post by: The Firm Poker on March 17, 2013, 10:09:04 AM Jamie, Much as I admire Blue Square as a firm and applaud your iniative for pricing up so many poker events, don't you think 40/1 the fileld in an event which attracted 667 players last year is a teensy weensy bit tight. I know your boss is a tad risk adverse, but having the favourite at 100/1 would be a little bit fairer wouldn't you agree? See you Saturday, Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Title: Re: WPT National London Final table Post by: Doobs on March 17, 2013, 10:11:52 AM Yikes, the world has moved on in the intervening eight years. You didn't see the prices I laid on last year's WSOP on Betfair. Would have made blue square look like the second coming. I never knew Betty had a market on the WSOP. Must be a layers paradise. Max price 1000/1 8000 runners. Was fun. Think somebody laid Ivey at about 40s. I had laid everybody named at one stage, biggest price was about 650/1. Venessa Selbst was last one standing from about 80 staters and she was 75th. It wasn't even NRNB so guess I laid a few that didn't even play. Title: Re: WPT National London Final table Post by: The Firm Poker on March 17, 2013, 10:14:31 AM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Title: Re: WPT National London Final table Post by: tikay on March 17, 2013, 10:37:19 AM Yikes, the world has moved on in the intervening eight years. You didn't see the prices I laid on last year's WSOP on Betfair. Would have made blue square look like the second coming. I never knew Betty had a market on the WSOP. Must be a layers paradise. Max price 1000/1 8000 runners. Was fun. Think somebody laid Ivey at about 40s. I had laid everybody named at one stage, biggest price was about 650/1. Venessa Selbst was last one standing from about 80 staters and she was 75th. It wasn't even NRNB so guess I laid a few that didn't even play. Jeez, you'd lay as much as you could afford, & a bit more, on that. Guess you only have to get it badly wroing once for it to hurt, but what value there must be. Title: Re: WPT National London Final table Post by: tikay on March 17, 2013, 10:41:33 AM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Good morning. I don't think we have a problem with the spam as such, but given this is betting stuff, where trust & integrity is vital, can you introduce yourself, tell us who you are? I'm assuming it is Mark, but transparency is best in these matters. Thanks. Title: Re: WPT National London Final table Post by: Doobs on March 17, 2013, 10:44:14 AM Yikes, the world has moved on in the intervening eight years. You didn't see the prices I laid on last year's WSOP on Betfair. Would have made blue square look like the second coming. I never knew Betty had a market on the WSOP. Must be a layers paradise. Max price 1000/1 8000 runners. Was fun. Think somebody laid Ivey at about 40s. I had laid everybody named at one stage, biggest price was about 650/1. Venessa Selbst was last one standing from about 80 staters and she was 75th. It wasn't even NRNB so guess I laid a few that didn't even play. Jeez, you'd lay as much as you could affoird, & a bit more, on that. Guess you only have to get it badly wroing once for it to hurt, but what value there must be. I originally thought I had to tie up the cash til November, so only laid to lose about £2k on each. Some of the market moves were funny. Say Ivey was 40/1. I put up 200s. It was gone in a couple of hours and he was back to 40 and somebody took that too. I think I laid Chris Ferguson for 100/1. I figured he was about 100/1 to show up. It was one of the first prices to be taken. This was 2012. Title: Re: WPT National London Final table Post by: The Firm Poker on March 17, 2013, 10:48:20 AM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Good morning. I don't think we have a problem with the spam as such, but given this is betting stuff, where trust & integrity is vital, can you introduce yourself, tell us who you are? I'm assuming it is Mark, but transparency is best in these matters. Thanks. Hi Tikay, Its Aaron I am one of the owners. We have met but I guess you meet so many people you may not recall. Title: Re: WPT National London Final table Post by: tikay on March 17, 2013, 11:27:25 AM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Good morning. I don't think we have a problem with the spam as such, but given this is betting stuff, where trust & integrity is vital, can you introduce yourself, tell us who you are? I'm assuming it is Mark, but transparency is best in these matters. Thanks. Hi Tikay, Its Aaron I am one of the owners. We have met but I guess you meet so many people you may not recall. Hi Aaron, Yes, I do recall meeting & chatting, (Coventry G perhaps?) but you get my point - there was no mention in your first two Posts of who you were, so I could not have possibly guesed it was you. If you want people to bet with you, they do need to know who they are betting with, that was my only point. I'm neither for or against the idea. If I were in your shoes, & I wanted to stick stuff up here with a few to generating business, I would do a little intro. We have been caught before, once or twice..... I know Mark quite well, & most of your "Pro Team", too. Title: Re: WPT National London Final table Post by: tikay on March 17, 2013, 11:29:23 AM Yikes, the world has moved on in the intervening eight years. You didn't see the prices I laid on last year's WSOP on Betfair. Would have made blue square look like the second coming. I never knew Betty had a market on the WSOP. Must be a layers paradise. Max price 1000/1 8000 runners. Was fun. Think somebody laid Ivey at about 40s. I had laid everybody named at one stage, biggest price was about 650/1. Venessa Selbst was last one standing from about 80 staters and she was 75th. It wasn't even NRNB so guess I laid a few that didn't even play. Jeez, you'd lay as much as you could affoird, & a bit more, on that. Guess you only have to get it badly wroing once for it to hurt, but what value there must be. I originally thought I had to tie up the cash til November, so only laid to lose about £2k on each. Some of the market moves were funny. Say Ivey was 40/1. I put up 200s. It was gone in a couple of hours and he was back to 40 and somebody took that too. I think I laid Chris Ferguson for 100/1. I figured he was about 100/1 to show up. It was one of the first prices to be taken. This was 2012. Incredible, & if it were not you, I'm not sure I would believe that. Talk about "one born every minute"..... Title: Re: WPT National London Final table Post by: The Camel on March 18, 2013, 11:51:36 AM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Looks a really interesting concept. At first glance I like it very much. What juice are you charging? Title: Re: WPT National London Final table Post by: The Firm Poker on March 18, 2013, 01:08:40 PM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Looks a really interesting concept. At first glance I like it very much. What juice are you charging? Thanks Keith, the juice is zero - so whoever you bet on you get par. Title: Re: WPT National London Final table Post by: The Camel on March 18, 2013, 01:16:41 PM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Looks a really interesting concept. At first glance I like it very much. What juice are you charging? Thanks Keith, the juice is zero - so whoever you bet on you get par. What about deals? Tournament gets 4 handed, and the players chop it. Do you count deal prize or official prize for payouts? (often a huge difference between the two) Title: Re: WPT National London Final table Post by: The Firm Poker on March 18, 2013, 01:21:05 PM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Looks a really interesting concept. At first glance I like it very much. What juice are you charging? Thanks Keith, the juice is zero - so whoever you bet on you get par. What about deals? Tournament gets 4 handed, and the players chop it. Do you count deal prize or official prize? (often a huge difference between the two) Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar** Title: Re: WPT National London Final table Post by: The Camel on March 18, 2013, 02:03:38 PM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Looks a really interesting concept. At first glance I like it very much. What juice are you charging? Thanks Keith, the juice is zero - so whoever you bet on you get par. What about deals? Tournament gets 4 handed, and the players chop it. Do you count deal prize or official prize? (often a huge difference between the two) Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar** What is the max bet going to be? I do like the idea, but you are leaving yourself open to a bit of jiggery pokery. Title: Re: WPT National London Final table Post by: The Camel on March 18, 2013, 02:09:22 PM Actually took me 15 minutes to work out what your edge is.
I'm old and my brain works slowly these days. Title: Re: WPT National London Final table Post by: The Firm Poker on March 18, 2013, 02:25:27 PM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Looks a really interesting concept. At first glance I like it very much. What juice are you charging? Thanks Keith, the juice is zero - so whoever you bet on you get par. What about deals? Tournament gets 4 handed, and the players chop it. Do you count deal prize or official prize? (often a huge difference between the two) Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar** What is the max bet going to be? I do like the idea, but you are leaving yourself open to a bit of jiggery pokery. Yes there will be a max bet of £50 per person. Its the first event so the sports book operator wants to see how it goes without exposure into the millions. In future If we add more players to the betting line up that will spread the risk and allow bigger individual bets Title: Re: WPT National London Final table Post by: The Camel on March 18, 2013, 02:41:54 PM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Looks a really interesting concept. At first glance I like it very much. What juice are you charging? Thanks Keith, the juice is zero - so whoever you bet on you get par. What about deals? Tournament gets 4 handed, and the players chop it. Do you count deal prize or official prize? (often a huge difference between the two) Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar** What is the max bet going to be? I do like the idea, but you are leaving yourself open to a bit of jiggery pokery. Yes there will be a max bet of £50 per person. Its the first event so the sports book operator wants to see how it goes without exposure into the millions. In future If we add more players to the betting line up that will spread the risk and allow bigger individual bets Money back if your player cashes, but fails to make the final table might be an idea. Or maybe instead of money back - a free bet on the next tournament of the same stake. Title: Re: WPT National London Final table Post by: The Firm Poker on March 18, 2013, 02:48:48 PM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Looks a really interesting concept. At first glance I like it very much. What juice are you charging? Thanks Keith, the juice is zero - so whoever you bet on you get par. What about deals? Tournament gets 4 handed, and the players chop it. Do you count deal prize or official prize? (often a huge difference between the two) Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar** What is the max bet going to be? I do like the idea, but you are leaving yourself open to a bit of jiggery pokery. Yes there will be a max bet of £50 per person. Its the first event so the sports book operator wants to see how it goes without exposure into the millions. In future If we add more players to the betting line up that will spread the risk and allow bigger individual bets Money back if your player cashes, but fails to make the final table might be an idea. Or maybe instead of money back - a free bet on the next tournament of the same stake. Yes good possible incentives. However the overround is 109% with all the edge contained in the paying places before the FT so these incentives create a zero edge product - but sometimes bookies use loss leaders to gain aquisition so it may be something to be considered in future. Thanks again Keith. Title: Re: WPT National London Final table Post by: The Camel on March 18, 2013, 02:54:01 PM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Looks a really interesting concept. At first glance I like it very much. What juice are you charging? Thanks Keith, the juice is zero - so whoever you bet on you get par. What about deals? Tournament gets 4 handed, and the players chop it. Do you count deal prize or official prize? (often a huge difference between the two) Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar** What is the max bet going to be? I do like the idea, but you are leaving yourself open to a bit of jiggery pokery. Yes there will be a max bet of £50 per person. Its the first event so the sports book operator wants to see how it goes without exposure into the millions. In future If we add more players to the betting line up that will spread the risk and allow bigger individual bets Money back if your player cashes, but fails to make the final table might be an idea. Or maybe instead of money back - a free bet on the next tournament of the same stake. Yes good possible incentives. However the overround is 109% with all the edge contained in the paying places before the FT so these incentives create a zero edge product - but sometimes bookies use loss leaders to gain aquisition so it may be something to be considered in future. Thanks again Keith. 109%? I think it's more than that in most tournaments. It's the % of the prize money which goes to the non final table members isn't it? In the WSOP that would be a huge overround, in a GUKPT with 150 runners it would be tiny. Amirite? Title: Re: WPT National London Final table Post by: The Firm Poker on March 18, 2013, 03:04:06 PM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Looks a really interesting concept. At first glance I like it very much. What juice are you charging? Thanks Keith, the juice is zero - so whoever you bet on you get par. What about deals? Tournament gets 4 handed, and the players chop it. Do you count deal prize or official prize? (often a huge difference between the two) Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar** What is the max bet going to be? I do like the idea, but you are leaving yourself open to a bit of jiggery pokery. Yes there will be a max bet of £50 per person. Its the first event so the sports book operator wants to see how it goes without exposure into the millions. In future If we add more players to the betting line up that will spread the risk and allow bigger individual bets Money back if your player cashes, but fails to make the final table might be an idea. Or maybe instead of money back - a free bet on the next tournament of the same stake. Yes good possible incentives. However the overround is 109% with all the edge contained in the paying places before the FT so these incentives create a zero edge product - but sometimes bookies use loss leaders to gain aquisition so it may be something to be considered in future. Thanks again Keith. 109%? I think it's more than that in most tournaments. It's the % of the prize money which goes to the non final table members isn't it? In the WSOP that would be a huge overround, in a GUKPT with 150 runners it would be tiny. Amirite? We worked out the overround on a GUKPT main with 153 runners was 109.2% but yes your right - more runners better for the sports book but the as the risk goes down (less chance of FT) the exposure goes up (if FT made bigger payout). As poker is zero sum its all relative. We designed it for UK market - GUKPT GPS etc but interesting if actually got used for the WSOP main Title: Re: WPT National London Final table Post by: The Camel on March 18, 2013, 05:47:54 PM Keith Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin. This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion. I would be really interested in your feedback as an expert in betting markets. Looks a really interesting concept. At first glance I like it very much. What juice are you charging? Thanks Keith, the juice is zero - so whoever you bet on you get par. What about deals? Tournament gets 4 handed, and the players chop it. Do you count deal prize or official prize? (often a huge difference between the two) Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar** What is the max bet going to be? I do like the idea, but you are leaving yourself open to a bit of jiggery pokery. Yes there will be a max bet of £50 per person. Its the first event so the sports book operator wants to see how it goes without exposure into the millions. In future If we add more players to the betting line up that will spread the risk and allow bigger individual bets Money back if your player cashes, but fails to make the final table might be an idea. Or maybe instead of money back - a free bet on the next tournament of the same stake. Yes good possible incentives. However the overround is 109% with all the edge contained in the paying places before the FT so these incentives create a zero edge product - but sometimes bookies use loss leaders to gain aquisition so it may be something to be considered in future. Thanks again Keith. 109%? I think it's more than that in most tournaments. It's the % of the prize money which goes to the non final table members isn't it? In the WSOP that would be a huge overround, in a GUKPT with 150 runners it would be tiny. Amirite? We worked out the overround on a GUKPT main with 153 runners was 109.2% but yes your right - more runners better for the sports book but the as the risk goes down (less chance of FT) the exposure goes up (if FT made bigger payout). As poker is zero sum its all relative. We designed it for UK market - GUKPT GPS etc but interesting if actually got used for the WSOP main Whatever, it's a very clever idea and I hope it's successful. Title: Re: WPT National London Final table Post by: TightEnd on March 19, 2013, 12:52:13 PM Seat Player Chips
1 Elior Sion 1,731,000 2 Emma Tolley 513,000 3 Reece Lewis 692,000 4 Carlo Citrone 66,000 5 Robin Fisher 473,000 6 Kevin Williams 394,000 7 Wang Weikang 300,000 8 Rasmus Larson 1,268,000 1st £80,000 2nd £54,150 3rd £34,000 4th £25,000 5th £19,000 6th £15,000 7th £12,500 8th £10,000 Live stream from 2.30pm GMT on WPT website http://www.worldpokertour.com/Live_Streaming/index.aspx I'm doing SPT London at Stratford at the weekend, so interested to see what it looks like... Title: Re: WPT National London Final table Post by: Dry em on March 19, 2013, 01:54:29 PM Seat Player Chips 1 Elior Sion 1,731,000 2 Emma Tolley 513,000 3 Reece Lewis 692,000 4 Carlo Citrone 66,000 5 Robin Fisher 473,000 6 Kevin Williams 394,000 7 Wang Weikang 300,000 8 Rasmus Larson 1,268,000 1st £80,000 2nd £54,150 3rd £34,000 4th £25,000 5th £19,000 6th £15,000 7th £12,500 8th £10,000 Live stream from 2.30pm GMT on WPT website http://www.worldpokertour.com/Live_Streaming/index.aspx I'm doing SPT London at Stratford at the weekend, so interested to see what it looks like... Anyone know what the blinds are? Title: Re: WPT National London Final table Post by: TommyD on March 19, 2013, 01:57:09 PM 6k/12k/2k Blinds I believe.
Title: Re: WPT National London Final table Post by: pleno1 on March 19, 2013, 02:24:31 PM gogooogog kev
Title: Re: WPT National London Final table Post by: david3103 on March 19, 2013, 02:46:27 PM Weikang Wang is a Newcastle based player, not known to me, but the Newcastle players seem somewhat shocked.
Title: Re: WPT National London Final table Post by: LonOhRay on March 19, 2013, 03:00:17 PM Weikang Wang is a Newcastle based player, not known to me, but the Newcastle players seem somewhat shocked. Said he came down for the 10k HR that didn't runElior will just win this such a huge % of time, gl all |