Post
Topic
Board Gambling
Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest
by
Betwrong
on 09/11/2021, 10:44:57 UTC
... In case you don't know, it's a pari-mutuel betting, so the odds may become higher or lower, depending on how many people(or rather how much money, to be precise) will be placed on this range and on other ranges.

Yes. I understand that payout odds are determined by the pooled amount shared amongst all winning bets. Basically, gamblers compete against each other, not against the house. However, I haven't done any further research into how odds are exactly calculated.


I may be wrong, but I think the formula should look something like this:

(All the money placed on other ranges combined) / (All the money placed on the range X combined) - (House Edge) = The Outcome Odds for the range X

~

The only 2 things I can think of are that you either haven't reloaded the page for a few days or you disabled interest on your profile page.

I can confirm that I'm getting my interest payments on schedule, as usually. The most recent payment was made today, 2021-11-09.