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Weekly Xanax Betting Game (Sun Sep 27, 23:00 TCT)

Started by Hopslam [795412] on in Fun & Games.

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Hopslam [795412] ×1

Hopslam [795412]

WEEKLY XANAX BETTING GAME

 

 

I'm back again with another attempt at a forum game. I'd like to try something new and turn it into a weekly community event here in Torn. If there is enough interest, I may run it more frequently, but we'll start with weekly for now. The concept is simple: bet on a number from 0 - 9, then we'll let the Torn City Raceway determine the winning number.

 

HOW TO PLAY

  • Each bet costs 1 Xanax.
  • Send your Xanax to Hopslam and include the number(s) you want to bet on in the message.
  • You can place multiple bets at once by sending multiple Xanax in the same transaction. 

    • Example (for 10 bets/xanax):

      • message 5 bets on number 2, 3 bets on number 7, 2 bets on number 9.

  • You may bet a maximum of 100 Xanax.

  • You may bet on multiple numbers.
  • You may bet on the same number multiple times to increase your share of the payout if that number wins.
  • You may even bet on all 10 numbers, but doing so does not guarantee a profit.

 

(I suggest that you post your bets in the thread, but it's not necessary. You will also be able to check your betting information in the summary before the race.)

 

BETTING & WINNING NUMBER

Betting closes every Sunday at 23:00 TCT.

After betting closes, I will post the finalized betting summary information.

Between 23:00 and 23:45 TCT, I will create a random custom race in the Torn City Raceway with the game name in the title.

You do not need to enter the race, but you are welcome to enter it. The 1st-place finishing time determines the winning number, so this can't be manipulated or personally selected by me.

The last displayed digit of the finishing time is the winning number.

Example:

00:29:12 = Winning number: 2

 

 

 

PAYOUTS

After the winning number is determined:

 

  • I will calculate the payouts and distribute the Xanax to the winners accordingly. 
  • A 2% host fee, rounded down, will be taken from the total pool, with a minimum of 1 Xanax.
  • The remaining Xanax becomes the payout pool.
  • The payout is divided among everyone who bet on the winning number, based on their share of the total bets placed on that number.

 

I will post a screenshot below of the payout spreadsheet showing an example of how this calculation works, using an example of 172 bets.

 

 

POST GAME GIVEAWAY (if applicable)

Individual payouts are rounded, so the total paid out may be slightly different than the calculated payout pool.

Any remaining Xanax from rounding will be added to a post-game giveaway; I will post the participation details after the game.

 

 

WEEKLY SCHEDULE

Betting opens: After the previous game is completed
Betting closes: Sunday at 23:00 TCT
Race: Sunday Between 23:00–23:45 TCT
Winning number: Last digit of 1st-place race time
Bet: 1 Xanax
Maximum: 100 Xanax per player
Numbers: 0 - 9
Host: Hopslam

Good luck, vroom vroom!

 

 

 

screenshot example of bet/payout calculations:

 

 

 

 

 

 

Mentions: Hopslam [795412]

Hopslam [795412]

Bet / Payout summary

 

Once the winning number has been determined, I will calculate the payouts to distribute Xanax accordingly.

 

The payout is based on how much each winner bet on the winning number compared with the total amount bet on the winning number.

 

In other words, the more you bet on the winning number, the larger your share of the payout will be.

 

How the payout is calculated:

 

The payout pool is distributed among the players who bet on the winning number.

 

Each player’s share is based on the portion of the winning number bets they contributed.

 

Example

 

There are 25 bettors

There are 172 total bets

The winning number is 2

There are 18 total bets on number 2

Host fee is 3 xanax

The available payout is 169 Xanax

 

If one player placed 1 bet on number 2, they would receive 1/18 of the calculated payout.

 

If another player placed 5 bets on number 2, they would receive 5/18 of the calculated payout.

 

So, if you place multiple bets on the same number, you increase your portion of the payout if that number wins.

 

The basic calculation is:

 

Your winning number bets (divided by) Total bets on the winning number (times) the Payout Pool

 

 

screenshot example of bet/payout calculations: