| Ka-pi96 said: 1. I don't think that's a good thing. Granted, I say this as one of the wealthier people here with $14k available, but winning little bits here and there isn't really that fun when you already have a lot. Being able to win larger amounts is definitely better. 2. I like the idea, but if you were going that route then the bet creator should be able to set the odds for each choice. If you were just giving out the total bets to the winner/s then it would be popularity based rather than probability. Plus in your scenario of somebody betting on the XS to sell the most, they'd win the exact same from a $1 bet as they would a $1000 bet, which definitely doesn't seem right. 3. I don't see the issue with that. There aren't many ways to get more $VG. I believe contributing to the database and bets are the only ways. So if one of those were to change to solely redistribution rather than creation of money it would severely limit the amount of money people could have. IMO if everybody has enough money that they're willing to make bets that they don't mind losing, that's better than people being reluctant to make bets because they don't have much money. An hourly countdown would be great though. Hiding the bets would be fine, although if that were to happen I'd prefer if it only hid them until betting closed, after that it would be nice to see how much was bet on what still, that's interesting to see. |
Hi @Ka-pi96 thank you for your reply it has helped me view it from a different perspective. Here are some thoughts that come to mind with each answer:
1) Win more money: This really got me thinking that there are probably two reasons why the max $1000 limit is in place. To protect people from losing everything and to prevent people from winning too much with easy bets. The first one I thought it was important, but in the end, there will be more opportunities for people to earn VG$ from increasing their gamrPoints, so there is always a chance for them. The second one is one that I think that the Bet Pot system could help solve.
If people only win what is in the pot, then there is probably no reason to put any limit on how much you can bet. This opens up the possibility of much more money being in the pot and thus, the ability to earn a lot more VG$ from a single bet.
Not to mention that if you bet on the underdog you would win a lot more money, so whether you have a lot of $ or not, you can still win a lot more than the $500 max that is currently set.
2) Traditional Betting system in Horses: My proposal of doing it this way, is the way that Horses and games like Jai-Alai handle their bets. Odds are calculated in real time based on popularity, that is why the experts are able to see the situation and make value bets of items they feel are paying more than what they should. Having people be able to set the odds would open the door for an individual to be able to try and manipulate the system to win a lot of money. In my example, someone could say that the switch winning 2021 gives 1000 times what you bet, that would lead everyone to win a lot on a very simple bet.
3)Let people go broke: You made me change my mind on this one, there is really no need to babysit people from losing all their play money, it is just a game, so if they lose everything and feel bad, then the next VG$ they get, they will probably take more care of it. This would help the idea of removing the maximum bet.
4)I agree with you, once the bets are done, being able to see exactly how much was bet on each one is a good thing. This and the timer seem to be two solid ideas for the proposal.
5) I just wanted to throw another idea here about being able to add Badges based on the Betting system, some that come to mind are:
-Won your first Bet
-Lost when betting on the most popular answer
-Won when betting on the least popular answer
-Won more than double what you bet.
