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Mar-06-17
 | | beatgiant: <Chessgames Bookie>
I was surprised recently to receive an additional 1000 chessbucks in the middle of the leg. Is there a fixed schedule of such "paydays," and if so, what is it? As far as I can see, the FAQ only mentions the pay at the start of every leg. |
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| Mar-06-17 | | stst: For the WCC just concluded, I won both the prediction and Tie-Break.
But on retrospect, the prediction was made much earlier, yet the dividend is not much higher than that of the TB. This is not logical.
BUT, the bookie may argue that he has no control - it all depends on the Odds at the time of wager.
Quite true, but, it's just not proportional to the level of difficulty.
Even for a prediction, one made prior to the start of the entire event (i.e., prior to any of the 64 contestants even makes a move,) and when it's 32, 16, 8, or 4 remaining.
For TB, a random pick is 50% winning/losing, so the Odds should not be too high.
Any way that the bookie can do something on this would be greatly appreciated!?! |
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Mar-06-17
| | beatgiant: <stst>
I don't agree with your logic. In the earlier stage, the larger number of possible outcomes creates opportunities for hedging, small speculative bets on heavy underdogs, etc. If the earlier bet were really a much worse risk proposition, bettors would figure that out and the handle would plummet. |
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| Mar-07-17 | | sydbarrett: Paydays from my 1 year of playing experience are once per leg, and you have to pay attention because it's usually in the middle of the leg and not announced until a week beforehand or something. I'd answer stst's opinion more completely, but I don't want to give out my strategies. Not 100% on what you're saying stst, but the system is as fair as it gets because payouts are determined entirely by what the players choose. If you think a position is underrated, you bet on it. If you think there's too much money on a position compared to its likelihood of occurring, it's perhaps best to avoid it. Or if for some reason you're very confident on a position, you bet on it regardless of its level of payoff. |
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Mar-07-17
 | | Penguincw: <sydbarrett>
Yes, there was a Pay Day (I believe it was the last Saturday in February). Pay Day is a once-a-leg feature recently introduced in July 2014, where all users who have made at least one bet up to that point get a bonus 1000 cbs in funds. This is to increase betting activity and all. <stst>
Are you asking why the odds for Tan Zhongyi (TZ) are higher for the Women's Knockout WCC 2017 Final: Tiebreaks Winner than Women's Knockout WCC 2017 Final: Anna Muzychuk -Tan Zhongyi? Well, what odds come down to is how many chessbucks are placed on various lines. In your example, a lot more people happened to place a bet on Muzychuk winning on tiebreaks than TZ winning on tiebreaks (a proportion, which is larger than the one for the 2nd bet, which is why the odds were paid off higher). There is a correlation that generally speaking, the harder it is to make a prediction, the higher the odds will be (ex.. it's far easier picking a winner of a tournament with a round to go vs. one that just started, so the odds of the winner bets at the beginning will most likely be higher, but not always). |
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| Mar-11-17 | | sydbarrett: I'm glad Penguincw was able to understand stst better and provide a better response as a result. So that's what he was getting at. |
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Mar-23-17
 | | Annie K.: Thanks for pitching in with explanations, everybody. :) I put up bets on Shenzen, folks - didn't want to promise ahead of time that I'd offer betting on it, because finding info on Chinese events can be a nightmare, but now I see chess24 is covering it. So let's see some action! |
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| Mar-26-17 | | Nightranger: Seems there was a hiccup in Shenzen Round 4. The official site, Chessbomb and Chess24 have different games listed than the bookie page for round 4. |
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Mar-26-17
| | Annie K.: I know - these were the pairings posted yesterday, but if you look at chess24, you can also see that currently today's pairings are identical to tomorrow's. So there's an unresolved mistake either in today's pairings or tomorrow's; and I don't know which it is yet. That's why I haven't done anything meanwhile, I want to see what really happened first. In any case, this tournament being a double round-robin, these pairings have to take place at some point, so I think I will probably let these bets stand as they are, and just wait with the settlement until the results get in. |
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| Mar-26-17 | | Nightranger: <Annie K> I understand your reasoning. However, someone (like me) might bet identical games differently in different rounds. |
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Mar-27-17
| | Annie K.: There could be merit to that point if the switched timetable were to result in the games taking place on a "special" day, such as right after a rest day, or on the last day of the event. But there is little rational difference between two regular, and consecutive, mid-tournament playing days. Bottom line: the pairings originally posted for Round 4 took place today, and were paid off normally. |
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| Mar-29-17 | | centralfiles: Is it realistic to get the US championship pairings a full day in advance? |
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Mar-29-17
| | Annie K.: Certainly, starting next round. The pairings were only posted now, but at least they were posted for the entire tournament at once. |
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| Mar-31-17 | | gauer: Does anyone else seem to think that the <next> quarter (not thirds division - ChessBookie Game Help Page by indication) might become a bit boring and probably also short?! If it ends around the end of June 2017, then the bookie barely makes a double-digit set of weeks out of <that> leg! The idea of having the championship leg finishing with a "major" tournament (like USA championship, or whatever one decides...), but it seems to be a bit too bad that it wouldn't finish along with a world championship or Olympiad FIDE cycle, much as the FIDE calendar tries to schedule for. Just my 2ยข, and I wished I wagered accordingly in the 2016 legs last April fool's time! |
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| Apr-01-17 | | sydbarrett: I was literally near broke at only 200 bucks two weeks in. Here I am snatching the lead again. It's only my third (fourth at most) season and I've already discovered I'm a natural. Take me down already ;) |
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Apr-01-17
| | Penguincw: Hmm, no one placed in any money for Adams in Shenzen Round 10: Adams - Svidler. Now if Adams wins, what's the policy? All bets refunded or bookie keeps it all? |
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| Apr-04-17 | | sydbarrett: Well, welcome to the 30,000+ Club boys (and girls?)! Let's play! :D |
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Apr-05-17
 | | juan31: Chessbookie: today is a pay day of round 7 ?? |
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Apr-05-17
 | | FSR: SETTLEMENT DATE: Apr-05-17
PROJECTED PAYOUT: 4,567 (14:1)
U.S. Championship Round 7: Zherebukh - Caruana
Zherebukh
YOU WIN! COLLECT 4567 300c$ |
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| Apr-06-17 | | sydbarrett: Nice to see Freddy still visiting this forum.
I hope I'm trailing on the last day. I seem to play better that way |
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Apr-07-17
 | | Sneaky: Look who's back in the running
<U.S. Championship Round 9: Akobian - Caruana : Akobian [cash in ticket] 1500 YOU WIN! COLLECT 10739> (I mean ME, not Akobian.) |
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Apr-07-17
| | FSR: I bet on Caruana to beat Akobian. Silly me. |
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| Apr-08-17 | | sydbarrett: That's a yummy-looking ticket there Sneaky |
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Apr-08-17
 | | moronovich: Yup,silly you :) Akobian was winning from move one ! |
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Apr-08-17
 | | Chessgames Bookie: OK, bettors and worse - if neither section of the U.S. Championships goes to tiebreaks, those are the last bets of the Bookie Championship Leg up now! If we do have tiebreaks, there will be more opportunities to place bets... but can you take a chance? Plan your strategies accordingly, and good luck! ;) |
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