On twitch I’ve been watching a lot of BTD6 streams and betting with channel points, and as stupid as that sounds, it’s actually pretty fun. But when I look up my question, I get a lot of different answers. All I want to know is, do people that bet more get more money, if so how much, and how is it calculated who get how much.
In: Economics
yes, people that bet more, get more money back. how much they get back is determined by the odds. if the odds are 1:2, then for every $1 bet, they would get $2 back if the bet won. likewise, the opposite bet would have a 2:1 odds. for every $1 bet, they would get back 50 cents. all the money is pooled together, the house takes a cut, and then the odds are calculated based on the amount of money bet on each side. that’s the simple explanation for a 2 outcome scenario. it’s the same math for multiple outcome scenarios. it gets a lot more complicated if the bet chains together outcomes or is dependent on multiple outcomes happening. there are dedicated people who make the odds in that case.
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