How does WSEX live betting work?

PropPlayer · #1 11-22-2006, 12:49 AM

Someone explain this to me. I don't understand what the numbers next to buy and sell mean.

Series Name Sell Buy
UCLA -3.5 41 46 +117
KENTUCKY +3.5 54 59 -143

grafyx · #2 11-22-2006, 01:01 AM

That is the price - e.g. 46$ to buy ucla -3.5 . This buys you a 100$ share, when the game is over if ucla covers you get 100$.

The money line equivalents are there as well. Buying ucla at 46 is equiv to +117 on the moneyline. Selling ucla at 41 is equal to -143.

PropPlayer · #3 11-22-2006, 01:20 AM

Thanks I am pretty sure I understand it now. I deposited $2K in WSEX to live bet but then was to scared I was going to mess something up.

So given the original example:
If I wanted to bet Kentucky +3.5 -143

Would I click on buy 59 in the Kentucky row or sell 41 in the UCLA row.
Does it make a difference? Can I click on either one?

Also do these rely on getting matched? I guess I should play small while I get the hang of it.

grafyx · #4 11-22-2006, 01:35 AM

On wsex, the house takes the bets so the bets don't have to be matched by another user.

Buy 59 or sell 41 are the same.

PropPlayer · #5 11-22-2006, 05:32 AM

Thanks for the help I really appreciate it.

canada_dry · #6 11-22-2006, 12:39 PM

[ QUOTE ]
On wsex, the house takes the bets so the bets don't have to be matched by another user.

Buy 59 or sell 41 are the same.

[/ QUOTE ]

Thanks. I was wondering that myself. I figured you had to have first bet on the game before you could sell an option.

So let me get this straight. Let's say I lay $100 on Team A as a +6 underdog. Now I'm watching the game. Team A scores a quick touchdown. I could then SELL a $100 option, for let's say, $60, and be guaranteed a $10 profit (unless there is a push).

I find WSEX does a HORRIBLE HORRIBLE job at explaining live betting.

botslaughter · #7 11-23-2006, 07:40 PM

If you short UCLA here (sell @ $41) then WSEX takes $100 out of your account and credits it all back ($41 + $59) if they don't cover. This is the same as buying the other team at $59, except you are unable to access the other $41. For this reason there is no logic in shorting one team when you could just buy the other, unless you just don't trust yourself with the extra $41 in your account. It's just another gimmick to be avoided, IMO.