No Limit Bookie Competition
 

basically i've ripped this idea off someone else, hope it sparks some interest for the Brisbane Carnival!

This is a bookies comp!

Can you survive in the (betting) ring and be the last one standing?

Like No Limit Hold’em Poker, you will start off with a bank and will have to try and accumulate as much money as you can until only you remain as the eventual winner.

But the difference is that you decide what ‘cards’ you are dealt.

In this comp your ‘cards’ is the market you frame. You must frame a WIN ONLY market, and the market you frame must not be more than 100%.

Converting a horse’s odds into a percentage is simple. The formula is 100 divided by the horse’s odds. Eg. Even money = $2 = 100 divided by $2 = 50%.

Here is an example on how to frame a 100% market:

Example Race

Dance Hero ...... 3.55 28%
Paratroopers .... 7.15 14%
Miss Andretti .... 12.50 8%
Shadoways ...... 14.30 7%
Gee I Jane ...... 16.65 6%
Tesbury Jack .... 16.65 6%
Confectioner ... 20.00 5%
Magnus ........... 20.00 5%
Black Ink ......... 25.00 4%
Natural Destiny . 25.00 4%
Fast ‘N’ Famous . 33.35 3%
Daunting Lad .... 33.35 3%
Biscayne Bay .... 50.00 2%
Street Smart .... 50.00 2%
Swick ............. 50.00 2%
Barabba Road .. 100.00 1%
total 100%

Yes you can frame a market less than 100%, but it would not be in your best interest to do so.

Please don't frame a market greater than 100%, I won't be checking so please be honest.

You can only frame ONE market. Once your market is posted changes to your market will not be accepted, even in the event of scratchings. The market you frame is then open to ALL other competitors to bet on. And you can bet on any other competitors markets as well.

It is compulsory for all competitors to frame a market, but it is not compulsory for all competitors to bet. The decision to bet is entirely up to you. You are only obligated to bet when the ‘BLIND BUTTON’ is on you. And yes, the blinds will progressively go up!! The BLIND BUTTON shall move from player to player ALPHABETICALLY.

Betting is simple. You can bet on anyone’s market, and you can bet on more than one horse. And of course, your return is the amount bet times the odds when your horse wins. REMEMBER it is ‘NO LIMIT’, so there is a minimum bet determined by the blind each week and a maximum ‘NO LIMIT’ bet determined by your bank.

In some instances, when a player’s payout on lost bets is more than their bank, the HOUSE shall payout the difference. The HOUSE has unlimited money.

Eg. Player A’s bank is: $1000.00 and attracts a $100 bet on a winning horse paying odds of $100, then the return is $10000.00. Player A has lost $1000.00 and is eliminated from the comp. The remaining $9000.00 is paid by the RESERVE BANK to the winning players bet.

Each week I shall nominate ONE race for everyone to frame their market. Therefore, I will only run this comp and will not be participating as there is a conflict of interests.

MOST IMPORTANTLY, PLEASE ONLY ENTER IF YOU INTEND TO PLAY THE WHOLE DURATION OF THIS COMP.

YOU WILL BE OMITTED FROM THE COMP IF YOU BREAK ANY OF THE RULES AND YOUR BANK SHALL BE EVENLY DIVIDED BETWEEN SURVIVING PLAYERS FOR THE NEXT ROUND OF PLAY.

COMP START DATE: SATURDAY 28TH APRIL 2007


Each Thursday afternoon, I will post the nominated race for the week, to post your framed WIN ONLY market and to register your bets.

You must frame your market by 12.00 on the SATURDAY of the week.

You are then open until racetime to place bets

Every player shall start with a $1000 bank.

Blinds will start at $100 and will increase by $10 every week. So after 5 weeks of play the blind is at $140.

Any questions?

Tell Me if you'd like a go

I don't think enough people will have committed to the comp by Saturday, but if we have 10 starters we will start with this race

7-3.53 GREENSLOPES PRIVATE HOSPITAL SIR BYRNE HART STAKES 1200 M
1 DANCE HERO Gai Waterhouse J Byrne 2 58.5
2 SPARK OF LIFE Allan Denham M J Cahill 4 58.5
3 HARD TO CATCH Pat Duff B Stewart 9 58.5
4 MITANNI John Wallace S Scriven 6 58.5
5 TELLEM Kevin Kemp S Katsidis 7 58.5
6 PRIMUS John O'Shea G Boss 3 58.5
7 ANWAAR Gai Waterhouse N Rawiller 5 58.5
8 ENTHUSIAST Barry Baldwin K Wharton 1 58.5
9 THE JACKAL Paul St Vincent J Bowditch 8 58.5

However, it is unlikely we will be starting this week so don't hold your breath

sounds like fun Chuck :)

Chuck, I'm sure there is a can of worms there, that a lot of people will not realise!! i.e. "why do systems not work"? Ans. = b'cos theres about 18% -22% built in against you??? if the market was to 100%, nearly all systems would work!!!?????

Your right Party. I want to bet ONLY:-))

Easy way to win this is to have the top 5 rated horses at 50c each, every time and in every race you have to frame market for.

yes i HAVE thought about this, and you are right there are a few ways to frame your market etc. but i'm asking for people to take it seriously. yes obviously 100% market makes it easier for the punter, but since it is compulsory to make a market, it is not compulsory to bet. the rules are the same for everyone so it should be a good contest if we get enough people

And by the way it was supposed to be you are to frame your market by FRIDAY

Crash,

Completely confused by this comp but here you go....
1 Dance Hero $3.70
2 Spark Of Life $4.40
3 Hard To Catch $21.00
4 Mitanni $6.50
5 Tellem $16.00
6 Primus $12.00
7 Anwaar $9.00
8 Enthusiast $31.00
9 The Jackal $41.00


Thanks

You're not the only one.

Chuck

Seems straightforward enough to me.
When do you want the market by, and up to what time can we place bets on others markets?


ps Unfortunately I don't think you'll get many starters.

Guys basically we all frame a market for the same race, and after that we can choose to bet on the race on your own or each other's markets. hopefully that sounds simple enough. Wesmip, we won't be starting this week, and also can you remember to include the percentage for all of your odds

Mark, MARKETS MUST BE IN BY 6.00 PM FRIDAY, can bet after that

starts next week hopefully

I'll be in it Chuck. 1 race a week shouldn't tax me too much.

Chuck I'll be in it I had a market set up for this week which I will post just for interests sake

Dance Hero $3.90 25.64%
Primus $5.50 18.18%
Mitanni $6.50 15.38%
Spark of Life $6.80 14.70%
Hard to Catch $10.00 10.00%
Anwaar $10.00 10.00%
The Jackal $25.00 4.00%
Enthusiast $100.00 1.00%
Tellem $100.00 1.00%

Market Percentage 99.90%

What the hell, i'll be in it chuck.

a coupla questions?
you said you wanted us for the duration? when does the comp end ?
do you bet with your bank of $1000?

Cheers.

Dance Hero $2.60 38%
Anwaar $6.50 15%
Mitanni $8 12%
Primus $8 12%
Spark Of Life $10 10%
The Jackal $20 5%
Hard to catch $20 5%
tellem $100 1%
Enthusiast $100 1%

Yes Spartacus, you bet with your $1000, but that is also taken away if someone wins a bet from your market. We continue until there is only 1 person left

as i said Mav we won't be starting until next week but thanks anyway

So we've got 7 confirmed starters in mav, wesmip, mark, raw instinct, dr ron, spartacus and myself. However I'd like a few more starters so guys if your considering it please give it a go, all you need to do is frame a 100% (or less) market each week and bet on markets if you want to. but remember i need commitment for each week.

sounds good, count me in to

STARTERS:

Chuck
Dr Ron
Horse Whisperer
Mark
Maverick1993
Raw Instinct
Spartacus
Wesmip1

This weeks race is on the SUNDAY, which means you can have until 6.00 SATURDAY to get your market in. If you don't, each person has ONE chance to miss a week after that they lose half their balance. I am the only one obligated to bet this week (first alphabetical)

2- THE DISTINCTIVE HOMES GOODWOOD 1200 M
Of $304100 No. Horse Trainer Jockey Barr Wgt Pen RTG
1 JOKERS WILD (NZ) Michael Moroney N Rawiller 10 56 (102)
2 NADEEM David Hayes D Dunn 1 55.5 (93)
3 ROYAL IDA Michael O'Leary D Oliver 20 55.5 (106.5)
4 LET GO THOMMO Steven J Ryan Steven King 19 55.5 (102)
5 SHABLEC Richard Jolly P Gatt 13 55.5 (103)
6 BEL DANORO Lee Freedman S W Arnold 5 55.5 (102)
7 STICKPIN (NZ) Brian Mayfield-Smith C Williams 12 55.5 (101)
8 TESBURY JACK Julie Scott D Gauci 23 55 (101)
9 SASSBEE David Jolly N Ryan 6 54 (103)
10 COCINERO Robbie Griffiths D Brereton 22 54 (101)
11 ORANGE COUNTY (NZ) Brian Mayfield-Smith M J Zahra 11 54 (102)
12 MIND YOUR HEAD John Ledger M Pegus 17 54 (100.5)
13 CAN LAGO Robbie Griffiths P Mertens 18 54 (94)
14 AMYJAYE POWER Gary Kennewell C Newitt 9 54 (96)
15 BOLD LINE Paul Seater T Baker 24 54 (96)
16 TERANGO David Balfour D Tourneur 14 54 (95)
17 MEDIA Lee Freedman C Brown 16 53 (104)
18 FLYING OBJECT Leon Macdonald Ms C Lindop 7 53 (101)
19 RESHUFFLES David Jolly B El-Issa 2 52.5 (99)
20 CHANGING EYES (NZ) Richard Jolly C D Symons 21 52.5 (92)
21E BARABBA ROAD Phillip Stokes M Neilson 15 54 (100)
22E ZIPANESE David Jolly 4 51.5 (92)
23E WILD HERO Mark Minervini 3 54 (84)
24E SEBRLE Jon O'Connor 8 54 (89)

Sunday ??, sorry Chuck, I'm out before it starts then.

No Limit Bookie Competition

--------------------------------------------------------------------------------

basically i've ripped this idea off someone else, hope it sparks some interest for the Brisbane Carnival!

Goodwood Hcp????, Brisbane Carnival???

well when i said "brisbane carnival" i didn't mean it would be ONLY brisbane races but most of the action will happen there. The Goodwood is clearly the standout race being one of two group 1's, surely you don't have a problem with that, or the fact that it is on a Sunday??????????

What course is this race on ?

Don't worry I found it ... Got confused cause it had 2 beside the race name. Assumed it was race 2.

Well Chuck, I was looking forward to this, something different and all that. But if that's your attitude, you know what you can do with it.

chuck,
is it too late for me to join?

if not my market for the goodwood is:
Nadeem $4.5
Media $4.75
Orange County $6
Mind Your Head $8
Cocinero $10
Royal Ida $13
Amyjaye Power $17
Flying Object $21
Tesbury Jack $21

Thats framed to 99.6%

Magivor it would be great to have you in the comp, but you need to include ALL horses in your market.

Mark please don't quit over a misunderstanding of the rules, we need all the starters we can get for this

No problem chuck,

ill give the punters a chance with a couple i dont like.....
Media $5
Nadeem $5.5
Orange County $7.5
Mind Your Head $9
Cocinero $12
Royal Ida $16
Amyjaye Power $19
Flying Object $21
Tesbury Jack $21
Sassbee $101
Bel Danoro $101
Stickpin $101
Jokers Wild $126
Flying Object $126
Let Go Thommo $151
Changing Eyes $151
Shablec $201
Amyjaye Power $201
Terango $501
Reshuffles $501
Barraba Road $1001
Bold Line $1001
Zipanese $1001
Can Lago $5001
Serble $5001
Wild Hero $7501

99.6%

oops i have amyjaye power there twice cut her out at $201 leaving her at $19.

im in......but might need some help was never any good at maths

whats the easiest way to configure a market i dont think ill be able to work out the odds and the percentages

mate,
the first thing i reckon to do, is order the horses from first to last in the order you think they will finish

if you can pick out say half the field you think "can't" win price them anywhere from $101 to $9999 and it will cost you vitually nothing, then start thinking how strong is your winning chance, put a price to it, then just go down, as stated earlier in the thread (i use google) just do 100/(the price) and add them all together,

ie
5 horse field
Defier $2.30
Lohnro $2.80
Fields Of Omagh $7
Makybe Diva $21
Dandy Kid $101

100/2.3+100/2.8+100/7+100/21+100/101
= 99.2
so your market is framed to 99.2%

thanks M...... sounds like some 007 ******** there

lol dont worry, ive only worked it out recently its pretty easy to pick up once youve got the concept.

Orange County $5 20%
Sassbee $7 14.29%
Royal Ida $7 14.29%
Bel Danoro $11 9.09%
Nadeem $14 7.14%
Cocinero $14 7.14%
Media $18 5.56%
Let Go Thommo $21 4.76%
Amyjaye Power $21 4.76%
Stickpin $41 2.44%
Flying Object $61 1.64%
Tesbury Jack $61 1.64%
Mind Your Head $61 1.64%
Zipanese $61 1.64%
Joker's Wild $81 1.23%
Shablec $101 0.99%
Changing Eyes $1001 0.1%
Terango $1001 0.1%
Reshuffles $1001 0.1%
Can Lago $1001 0.1%
Bold Line $1001 0.1%
Barabba Road $1001 0.1%
Sebrle $1001 0.1%
Wild Hero $1001 0.1%

not bad for my first go i was just making all it up and at first go i got 99.05%

ROYAL IDA $5.50 18.18%
ORANGE COUNTY $6.40 15.63%
SASSBEE $7.90 12.66%
MEDIA $11.00 9.09%
MIND YOUR HEAD $15.00 6.67%
BEL DANORO $15.00 6.67%
NADEEM $15.00 6.67%
COCINERO $21.00 4.76%
STICKPIN $21.00 4.76%
TESBURY JACK $21.00 4.76%
JOKERS WILD $21.00 4.76%
FLYING OBJECT $21.00 4.76%
LET GO THOMMO $501.00 0.20%
CHANGING EYES $501.00 0.20%
AMYJAYE POWER $999.00 0.10%
SHABLEC $9,999.00 0.01%
TERANGO $9,999.00 0.01%
RESHUFFLES $9,999.00 0.01%
BARABBA ROAD (1E) $9,999.00 0.01%
BOLD LINE $9,999.00 0.01%
ZIPANESE (2E) $9,999.00 0.01%
CAN LAGO $9,999.00 0.01%
SEBRLE (4E) $9,999.00 0.01%
WILD HERO (3E) $9,999.00 0.01%
Total Market 99.95%

SASSBEE $6.60 15.26%
ROYAL IDA $8.00 12.5%
ORANGE COUNTY $8.50 11.76%
MEDIA $9.50 10.52%
MIND YOUR HEAD $15.00 6.67%
BEL DANORO $17.00 5.88%
NADEEM $17.00 5.88%
AMYJAYE POWER $19 5.26%
COCINERO $20.00 5%
STICKPIN $23.00 4.34%
TESBURY JACK $25.00 4%
LET GO THOMMO $25.00 4%
JOKERS WILD $30.00 3.33%
FLYING OBJECT $30.00 3.33%
CHANGING EYES $200 .50%
SHABLEC $500 .2%
TERANGO $500 .2%
RESHUFFLES $500 .2%
BARABBA ROAD (1E) $500 .2%
BOLD LINE $500 .2%
ZIPANESE (2E) $500 .2%
CAN LAGO $500 .2%
SEBRLE (4E) $2000 .05%
WILD HERO (3E) $2000 .05%
Total Market 99.73%

10. Cocinero 8.50
1. Jokers wild 8.25
17. Media 8.25
3. Royal ida 9.40
9. Sassbee 15.00
18. Flying object 15.00
22. Zipanese 18.80
4. Let go thommo 22.80
5. Shablec 30.10
7. Stickpin 30.10
8. Tesbury jack 30.10
11. Orange county 30.10
19. Reshuffles 30.10
2. Nadeema 37.70
6 Bel danoro 37.70
12 Mind your head 53.80
15. Bold line 68.50
16 Ferango 68.50
14. Amyjaye 100.00
24. Serble 200.00
20. Changing eyes 333.00
13. Can lago 500.00
23. Wild hero 1000.00
21. Barrabba road 1000.00

Sorry but too much typing required to put percentages in as well. comes to about 98.6 % by my figures but feel free to correct if wrong. :)

No Horse Jockey Weight Barrier Price Percentage
3 Royal Ida D Oliver 55.5kg (20) $6.50 15.38%
9 Sassbee N Ryan 54kg (6) $6.50 15.38%
10 Cocinero D Brereton 54kg (22) $10.00 10.00%
11 Orange County M Zahra 54kg (11) $12.50 8.00%
18 Flying Object C Lindop 53kg (7) $12.50 8.00%
1 Jokers Wild N Rawiller 56kg (10) $15.00 6.67%
4 Let Go Thommo S King 55.5kg (19) $15.00 6.67%
7 Stickpin C Williams 55.5kg (12) $20.00 5.00%
8 Tesbury Jack D Gauci 55kg (23) $20.00 5.00%
12 Mind Your Head M Pegus 54kg (17) $25.00 4.00%
17 Media C Brown 53kg (16) $25.00 4.00%
19 Reshuffles B El-Issa 52.5kg (2) $35.00 2.86%
2 Nadeem D Dunn 55.5kg (1) $37.50 2.67%
6 Bel Danoro S Arnold 55.5kg (5) $50.00 2.00%
5 Shablec P Gatt 55.5kg (13) $70.00 1.43%
16 Terango D Tourneur 54kg (14) $100.00 1.00%
14 Amyjaye Power C Newitt 54kg (9) $200.00 0.50%
15 Bold Line T Baker 54kg (24) $200.00 0.50%
13 Can Lago P Mertens 54kg (18) $500.00 0.20%
20 Changing Eyes C Symons 52.5kg (21) $700.00 0.14%
21 Barabba Road M Neilson 54kg (15) $700.00 0.14%
22 Zipanese 51.5kg (4) $700.00 0.14%
23 Wild Hero 54kg (3) $700.00 0.14%
24 Sebrle 54kg (8) $700.00 0.14%
99.96%