I've asked this before, but never gotten an answer.
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ydobon-1 — 9 years ago(February 08, 2017 01:43 AM)
I've asked this before, but never gotten an answer.
Cisco says they should bet on the race and everyone starts throwing out numbers "Put me down for $xx on ___!" Who exactly are they betting against? Who is supposed to be responsible for paying them if they win?
Sure, Wells bet on Wally and lost, but
What if Wells had bet on Barry also? Then you have three people betting on the same person and nobody betting against them. Cisco never placed a bet.
You see this all the time in movies, people just say "I'm in" and then they name a number or plop down some cash without it ever being clear who they're betting against.
With a bookie, you're betting against the bookie, so if you win, he pays you. When it's just a group of friends, there's no central structure for paying the winners.
On the face of it, it doesn't make any sense, but yet hundreds of movies and TV shows have done the exact same thing, like it's the most logical thing in the world. Nobody has even explained how it's supposed to work.
Is this just some cliche that they hope nobody thinks about too hard? Or is there actually a real life precedent for this?
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TheUglyCasanova — 9 years ago(February 08, 2017 02:04 AM)
I'm not sure how you understand how betting works
If Wells had bet on both, he would have lost more on Barry than Wally winning. Even if he did half the bet on Barry.
5:1 odds means if you bet on Wally and he won you win 5x your money..
If he Barry won he would just double his money.
It's not really that hard to understand. -
ydobon-1 — 9 years ago(February 08, 2017 03:32 AM)
If Wells had bet on both, he would have lost more on Barry than Wally winning. Even if he did half the bet on Barry.
And if he had
only
bet on Barry? Then there's three people betting on Barry and nobody betting on Wally.
5:1 odds means if you bet on Wally and he won you win 5x your money..
Yes, I understand odds.
Picture a scene from any movie;
Two guys are playing pool. Guy A has a difficult shot, so Guy B bets $50 that he can't make it. A says he'll take the bet. Guy C says "My money's on A!" and slaps down a $20 bill. Guy D says "I want a piece of that action!" and puts down $50. Guy E says "Count me in!" and also puts down $20.
B only ever agreed to the first bet, so who is supposed to pay C, D and E if A makes his shot? Is B expected to pay out a total of $140 between the four guys when he only ever agreed to the first bet?
It happens all the time in movies and shows, where a bunch of people just start throwing their money down despite nobody actually accepting their bets.
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mrjoepatti — 9 years ago(February 08, 2017 02:12 AM)
Cisco set the odds on race say he set them at 5 to 1 IN Barry favor caitlyn and Iris would get paid 1 dollar for every 5 they bet. HR would have gotten paid out big time with these odds 2000. Cisco was acting as House. Since Flash won which Cisco knew he would so basically HR got hustled .. Say Cisco set Odds as I said Caitlin and Iris would have won about 4 dollars each (based on their wager of 20 dollars each) I think. Since HR put up 200 the rest would go to Cisco would about 190..House always win.
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ydobon-1 — 9 years ago(February 08, 2017 03:37 AM)
Cisco set the odds on race say he set them at 5 to 1 IN Barry favor caitlyn and Iris would get paid 1 dollar for every 5 they bet. HR would have gotten paid out big time with these odds 2000. Cisco was acting as House. Since Flash won which Cisco knew he would so basically HR got hustled .. Say Cisco set Odds as I said Caitlin and Iris would have won about 4 dollars each (based on their wager of 20 dollars each) I think. Since HR put up 200 the rest would go to Cisco would about 190..House always win.
Caitlin bet $80.
So Cisco would have been screwed if they all bet on Barry, since he would have had to pay everyone.
To be honest, I knew that 5 to 1 odds on one party meant that if he won, people who bet on him would get 500% of their bet, but I never knew that meant that people betting on the other party would only get 5% of whatever they bet. I had always assumed that the long shot paid off big, while bets on other parties paid 1:1.
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da_rc — 9 years ago(February 08, 2017 01:11 PM)
what i wanna know is, where do they all get their cash from? HR is from another universe so he has 0 cash with him.
Cisco and caitlin don't have official jobs and haven't had for a few years so where do they get all that cash from? -
ydobon-1 — 9 years ago(February 08, 2017 09:57 PM)
what i wanna know is, where do they all get their cash from? HR is from another universe so he has 0 cash with him.
Cisco and caitlin don't have official jobs and haven't had for a few years so where do they get all that cash from?
Maybe Star Labs previously came up with some very popular inventions and now they continue to receive licensing and royalty fees from them. Also, they may have licensed some of the tech that Cisco has come up with.
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