Pinnacle voids Soulkey vs Creator bets - Page 15
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Ziggy
South Korea2105 Posts
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jinorazi
Korea (South)4948 Posts
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Luolis
Finland7061 Posts
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solidbebe
Netherlands4921 Posts
On April 16 2015 05:23 jinorazi wrote: I don't understand the betting thing, sounds like someone bet a lot of money then pinnacle voided it. Sounds more like pinnacle doesn't want to pay the unusual large sum? Rather than as evidence of match fixing, was there something fishy with the game? But why would people bet so much money if the odds of winning were actually that bad? | ||
FFW_Rude
France10201 Posts
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sc2_FeaR
Canada48 Posts
The marineking situation I could see most definitely. But now this? Like they say, it's a slippery slope. And that slope is getting even more slippery. Gotta love precedent. | ||
Penev
28438 Posts
On April 16 2015 05:43 sc2_FeaR wrote: Is this any surprise that this is happening now? The precedent has been set by Pinnacle that any time someone puts a large amount of money on a player over and over and then that player wins then = matchfixing. Ridiculous. The marineking situation I could see most definitely. But now this? Like they say, it's a slippery slope. And that slope is getting even more slippery. Gotta love precedent. Sigh, no, the bets are being voided before the matches are played. Please educate yourselves first before you state your opinions please people! On April 16 2015 05:50 boxerfred wrote: ok so what if it's all Illuminati and the guys really need money so Illuminati invests in shady esports betting because ESPORTS? What are you saying, Sapinda = Illuminati :o | ||
boxerfred
Germany8360 Posts
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sitromit
7051 Posts
On April 16 2015 03:33 Penev wrote: Todays bet was voided before the match was played. Not sure about (all) the others Edit: They were probably all voided before the match. The voiding is based on suspicious line movements and I take it the betting is closed before the matches actually start. Does it matter when it was voided, aren't they essentially preemptively shutting down the possibility of having to give someone a big payout by voiding the bet where an underdog had large sums placed on him? | ||
pure.Wasted
Canada4701 Posts
On April 15 2015 22:09 mortales wrote: I don't see how it could be matchfixed, the game looked completely normal. MKP vs ByuL - "This couldn't be match fixing, it's too obvious!" Soulkey vs Creator - "This couldn't be match fixing, it's not obvious enough!" I haven't watched a game of SC2 in weeks. New seasons of SSL and GSL are about to start, and I have zero interest in tuning in. It'll be the first Korean tournament I'll miss since the start of 2013. HuK is absolutely right. There are no good outcomes to this situation anymore. | ||
Penev
28438 Posts
On April 16 2015 05:55 sitromit wrote: Does it matter when it was voided, aren't they essentially preemptively shutting down the possibility of having to give someone a big payout by voiding the bet where an underdog had large sums placed on him? How could you ever run a successful betting company if you did that? You think the big, professional betters would accept that? Edit: Here's a post from Swoopae regarding the MK - Byul match, maybe it'll help to clarify how the betting works To move the line this far it would have to look something like this (just an example) with all bets being placed in about 2 minutes. Assuming the max 'to win' bet is 1k per bet (it's usually 1k on game day, I don't recall what the max bet was for this match) (These numbers are accurate representations of the amount risked, with each bet to win 1k just for illustration purposes. The actual betting pattern would have been similar to this to move the line this far. It is just an estimate however based on my extensive experience as an esports bettor, only Pinnacle has the actual numbers that were wagered on this match, we just know that the odds slowly moved from 1.73 to about 1.53 which is close to an accurate betting line, then in a 1-2 minute period right before the match this happened) $2000 on Byul at 1.50 $2040 on Byul at 1.49 $2127 on Byul at 1.47 $2173 on Byul at 1.46 $2222 on Byul at 1.45 $2272 on Byul at 1.44 $2381 on Byul at 1.42 $2500 on Byul at 1.40 $2631 on Byul at 1.38 $2702 on Byul at 1.37 $2857 on Byul at 1.35 $2941 on Byul at 1.34 $3125 on Byul at 1.32 $3333 on Byul at 1.30 $3571 on Byul at 1.28 $3846 on Byul at 1.26 $4166 on Byul at 1.24 $4545 on Byul at 1.22 $5000 on Byul at 1.20 $5555 on Byul at 1.18 $6666 on Byul at 1.15 $7690 on Byul at 1.13 $9090 on Byul at 1.11 $10,000 on Byul at 1.10 $11,000 on Byul at 1.091 Then the odds were taken down due to the bets being deemed suspicious. Using this example (again this is an estimate, Pinnacle have the actual numbers but it would be something like this) the bettors would stand to win 25k, 1k per bet but they are risking an absolute fortune at awful prices to do it. Bettors will only bet on a player they think will win up to the point where the bet no longer yields a positive return due to probability. For example i'd bet on CJ Hero over Center at even money, or even at 1.33 or something (which is about where the price was for the actual game yesterday) but if the price was bet to 1.09, that means I could get 8.00 or more on Center, so I would bet on Center because even though he is not the favourite, he will win more than 1 in 8 best of 1s on average against Hero. | ||
maGicc
Finland134 Posts
On April 16 2015 05:55 sitromit wrote: Does it matter when it was voided, aren't they essentially preemptively shutting down the possibility of having to give someone a big payout by voiding the bet where an underdog had large sums placed on him? You apparently have zero clue on how bookmakers operate and how are they making money. | ||
Caihead
Canada8550 Posts
On April 16 2015 05:55 sitromit wrote: Does it matter when it was voided, aren't they essentially preemptively shutting down the possibility of having to give someone a big payout by voiding the bet where an underdog had large sums placed on him? They make money regardless of whether the larger or smaller bet wins or not because the payout is proportional to the odds as in how much people are betting on each side. The house always wins by taking a cut for you using their platform. Say if one side bet 1000$ and the other 100$. The line wouldn't be 1.1:11, it would always be lower. So the bookers never pay out the whole 1100$ regardless. | ||
Karis Vas Ryaar
United States4396 Posts
On April 16 2015 06:04 Caihead wrote: They make money regardless of whether the larger or smaller bet wins or not because the payout is proportional to the odds as in how much people are betting on each side. The house always wins by taking a cut for you using their platform. in the long run yes. but for sports booking and oddsmaking the organization can loose money on an individual game or event. It doesn't happen too often but it can. happened last year in the super bowl and in 2008 (and in 1995) heres an example http://www.cbssports.com/nfl/eye-on-football/25013314/seven-figure-bet-placed-on-patriots-vegas-could-lose-if-new-england-wins | ||
Darthsanta13
United States564 Posts
On April 16 2015 05:24 Luolis wrote: Not commenting on if theres matchfixing happening or not, but that maGicc guy seems like a complete douche to me. Seriously you can say your opinion without being a dick.. in magicc's defense, it is unbelievably frustrating that people come into this thread, read nothing and then post an opinion that's been refuted probably over a hundred times between all of the threads this has been discussed. It gets tiring having to explain the same basic things to people over and over and over, when they've all been explained many times. You can see it happening multiple times on this page, even. | ||
boxerfred
Germany8360 Posts
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OtherWorld
France17333 Posts
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pure.Wasted
Canada4701 Posts
It's hard to imagine people not knowing at this point, but it's equally hard to imagine that KeSPA has had any pressure put on them by Korean fans, since they've released close to zero PR on this. | ||
Penev
28438 Posts
On April 16 2015 06:15 OtherWorld wrote: Looks like this is a quality thread like the others before it d: Hai Otherworld ^^ | ||
maGicc
Finland134 Posts
On April 16 2015 06:16 pure.Wasted wrote: My question to anyone living in Korea would be how much discussion (if any at all) is all of this drama getting on Korean SC2 forums? Do people know and not care? Do people not even know? Oh ye Wolf mentioned he was going to translate some comments from the korean forums but decided not to because they were "too rude", i am guessing they were rude towards MKP, but it could be that they are rude in defending him and blaming pinnacle, but very unlikely. But some clarification would be nice. | ||
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