BetStars/PokerStars Sunday Million anniversary wagers - Poker News

Two Plus Two Forums Poker News & Discussion News, Views, and Gossip

BetStars/PokerStars Sunday Million anniversary wagers

Post Reply Subscribe

...

Page 1 of 2

1 2

Page 1 of 2

1 2

04-18-2018 , 01:36 PM

KossuKukkula

veteran

Join Date: Jul 2011 Posts: 2,805

So you are getting 1.017% back if and when it hits 8million. That's one way to boost your coffins by betting the max.

Quote

04-18-2018 , 02:45 PM

Sect7G

Carpal \'Tunnel

Join Date: Jun 2009 Posts: 11,234

Quote:

Originally Posted by CoreySteel

Well... There's another Sunday Million anniversary coming and this time around you can even bet on BetStars what the prizepool's gonna be at the end

Outcome - Stakes
Prize pool: Over $10 million - 2/1
Prize pool: $9 - 10 million - 6/4
Prize pool: $8 - 9 million - 3/1
Prize pool: Under $8 million - 10/1
Entrants: Over 57,000 - 6/4
Entrants: 56,000 - 57,000 - 1/1
Entrants: Under 56,000 - 5/1

What a gangster site to offer this.
Lets offer a wager where we the site can dictate within a few % points what the outcome is going to be due to satellite offerings or lack there of.

Guy bets 10 million on under 50k players... Stars offers 1 dollar buyins until it surpasses 50k

How does even the most rigged gaming commision allow this? Even done legitimately I could guarantee the amount of qualifiers within a 2.5k window on either side depending on what I offered via sats. 65k is plenty doable and so is 40k. Players have little choice in the matter ironically.

Quote

04-18-2018 , 02:59 PM

Kelvis

banned

Join Date: Dec 2013 Posts: 8,737

I mean depending on the action they are getting it might even be worth it to just cancel satellites to get the prize pool under $8M.

Quote

04-18-2018 , 03:10 PM

KossuKukkula

veteran

Join Date: Jul 2011 Posts: 2,805

Quote:

Originally Posted by Kelvis

I mean depending on the action they are getting it might even be worth it to just cancel satellites to get the prize pool under $8M.

This came to my mind allso. Even though I think it's just one way to advertise the million.

Quote:

Guy bets 10 million on under 50k players... Stars offers 1 dollar buyins until it surpasses 50k

I don't think stars lets you bet 10 million on a single bet.

Quote

04-18-2018 , 04:14 PM

Sect7G

Carpal \'Tunnel

Join Date: Jun 2009 Posts: 11,234

It's an example.... but if they can balance that action off other bets u can guarantee they'd take it. Plus there is proxy buyers.

The point is the same weather it's 1 dollar or a million. They are allowing customers to bet on offering where the operator can directly influence the outcome of the results. Illegal in any jurisdiction and probably a breach of their own self drawn up gaming licence that the IOM facilitates for them.

Quote

04-19-2018 , 08:26 AM

Elite Rounder

old hand

Join Date: Aug 2008 Posts: 1,290

Quote:

Originally Posted by KossuKukkula

This came to my mind allso. Even though I think it's just one way to advertise the million.

I don't think stars lets you bet 10 million on a single bet.

They would If they know they are going to win.. OF course.

Quote

04-19-2018 , 10:41 AM

fragglerock45

grinder

Join Date: Jan 2018 Posts: 658

Quote:

Originally Posted by Sect7G

Couldn't this violate laws related to insider trading? What's the difference between offering bets on this or total revenue for 2018 lol

Stars is attempting to profit from non-public, internal information here

Quote

04-19-2018 , 02:34 PM

AdamSmall

enthusiast

Join Date: Sep 2005 Posts: 77

Quote:

Originally Posted by Sect7G

They are allowing customers to bet on offering where the operator can directly influence the outcome of the results. Illegal in any jurisdiction and probably a breach of their own self drawn up gaming licence that the IOM facilitates for them.

Exactly. I'm quite shocked this bet is available, it shows amazing poor judgment on the part of the sportsbook operator even if it somehow passed regulatory muster - which I can't imagine it did.

There are actually many, many ways Stars can influence the outcome of this bet. Will they try to? No, I'm sure they won't, considering it's unlikely there will be millions of dollars on the line. But that's not the point at all - the point is them offering the bet at all when they have an ability (in fact, an amazingly potent ability) to control how it turns out.

Quote

04-19-2018 , 06:23 PM

whosnext

Carpal \'Tunnel

Join Date: Mar 2009 Posts: 6,788

FYI:

I moved the above posts out of the PartyPoker thread to this new thread per request. And it seemed like the right thing to do.

Quote

04-19-2018 , 07:08 PM

#10

Josem

human chemical weapon

Join Date: Jan 2007 Posts: 18,247

I can only view BetStars.eu* but it appears the market has already been removed to me. Obviously, it is good that they appear to have recognised the error, hopefully they've already refunded any bets taken.

*Silly IP redirection won't allow me to access BetStars.com and login because I'm currently physically located in Ireland, so this is all I can see as a not-logged-in observer

Quote

04-19-2018 , 07:14 PM

#11

Sasha Foxxx :)

enthusiast

Join Date: Jan 2018 Posts: 60

This does not feel legal at all to me...

Quote

04-19-2018 , 07:17 PM

#12

PeteBlow

Carpal \'Tunnel

Join Date: May 2012 Posts: 15,021

Bearing in mind the tournament has a $10million guarantee, how can they offer odds on it being less than that?

Quote

04-19-2018 , 07:19 PM

#13

PeteBlow

Carpal \'Tunnel

Join Date: May 2012 Posts: 15,021

The tournament has a $10million guarantee.
How can they offer odds on the prize pool being less that the guarantee?

https://www.pokerstars.uk/poker/prom...y-anniversary/

Quote

04-19-2018 , 08:03 PM

#14

dhubermex

old hand

Join Date: Aug 2010 Posts: 1,672

Quote:

Originally Posted by Josem

That's good to hear. I don't see the wager available on the client (logging in from Mexico).

Like Josem said, hopefully these wagers are no longer available and customers have been refunded any bets taken.

Quote

04-19-2018 , 08:42 PM

#15

Sect7G

Carpal \'Tunnel

Join Date: Jun 2009 Posts: 11,234

Wow I think I must have hurt the ecosystem with my post.

Quote

04-19-2018 , 09:05 PM

#16

ishipkq

old hand

Join Date: May 2012 Posts: 1,483

lol you would have to be ******ed to bet on this

Quote

04-20-2018 , 03:10 AM

#17

PeteBlow

Carpal \'Tunnel

Join Date: May 2012 Posts: 15,021

Errr, you’d have to be ******ed not to bet on this.
6/4 it overlays 2/1 it doesn’t.

Quote

04-20-2018 , 03:39 AM

#18

randomuser1

grinder

Join Date: Apr 2009 Posts: 567

Quote:

Originally Posted by PeteBlow

The tournament has a $10million guarantee.
How can they offer odds on the prize pool being less that the guarantee?

https://www.pokerstars.uk/poker/prom...y-anniversary/

this

Quote

04-20-2018 , 04:23 AM

#19

SolarAU

old hand

Join Date: Apr 2015 Posts: 1,795

If this is legit & legal then I say jockeys should be able to bet against themselves in a race.

Quote

04-20-2018 , 06:33 AM

#20

KossuKukkula

veteran

Join Date: Jul 2011 Posts: 2,805

Quote:

Originally Posted by PeteBlow

Bearing in mind the tournament has a $10million guarantee, how can they offer odds on it being less than that?

Because the last time it something like 8million with the same guarantee.

Quote:

Originally Posted by PeteBlow

Errr, you’d have to be ******ed not to bet on this.
6/4 it overlays 2/1 it doesn’t.

And no. The only (allmost 99%) surebet is this I mentioned : So you are getting 1.017% back if and when it hits 8million. That's one way to boost your coffins by betting the max.

Quote:

Originally Posted by Josem

Can confirm this. And they are refunding the bets because the event is cancelled. Just like in any other sport.

Last edited by KossuKukkula; 04-20-2018 at 06:40 AM.

Quote

04-20-2018 , 08:12 AM

#21

mecantplay

temp-banned

Join Date: Dec 2011 Posts: 1,524

I cant open betstars, but for such fun bets, I know that there is a limit of betting like 10$ max. There are markets for who old famous actor will die from first ... or similar bets and the betting cap is really small. If there is a max betting cap on betstars like 10$-20$, I think it is fine to offer that bets, but preferably to be free bets - if you play some certain games or something similar, you receive free bet.

Quote

04-20-2018 , 11:09 AM

#22

PeteBlow

Carpal \'Tunnel

Join Date: May 2012 Posts: 15,021

Quote:

Originally Posted by KossuKukkula

Because the last time it something like 8million with the same guarantee.

And no. The only (allmost 99%) surebet is this I mentioned : So you are getting 1.017% back if and when it hits 8million. That's one way to boost your coffins by betting the max.

Ok, I have to explain it to you.
The event has a 10 million guarantee. Therefore the only possible prizepools are:

A) exactly 10 million (6/4)
B) over 10 million (2/1)

Bet 100 on each outcome.
If A wins, you get 250 back
If B wins, you get 300 back.

Last time it had a 10 million, not 8 million, because guarantees.

Last edited by PeteBlow; 04-20-2018 at 11:14 AM.

Quote

04-20-2018 , 11:11 AM

#23

KossuKukkula

veteran

Join Date: Jul 2011 Posts: 2,805

Quote:

Originally Posted by PeteBlow

Prize pool: $8 - 9 million - 3/1
Prize pool: Under $8 million - 10/1

If either of these hit you loose.

E actually I get it now. You are saying the bet is 10 million guarantee when the bet is how much in the pricepool with or without hitting the guarantee. Right?

Quote

04-20-2018 , 11:16 AM

#24

PeteBlow

Carpal \'Tunnel

Join Date: May 2012 Posts: 15,021

Exactly.
Hence why they had separate lines for entries.

Quote

04-21-2018 , 09:02 AM

#25

billygstar

Carpal \'Tunnel

Join Date: Sep 2010 Posts: 6,115

Quote:

Originally Posted by Sect7G

agree with all of this here. Disgusting.

Quote

Page 1 of 2

First

1 2

Last

Post Reply Subscribe

...

Page 1 of 2

First

1 2

Last