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  2. Labouchère system - Wikipedia

    en.wikipedia.org/wiki/Labouchère_system

    With each bet, the player stakes an amount equal to the sum of the first and last numbers on the list. If only one number remains, that number is the amount of the stake. If the bet is successful, the two amounts are removed from the list. If the bet is unsuccessful, the amount lost is appended to the end of the list.

  3. 125 Funny Punishments for Lost Bet Games To Raise the Stakes

    www.aol.com/125-funny-punishments-lost-bet...

    With funny punishments for lost bet games, everyone can immerse themselves in a little friendly competition. (And shortly after, enjoy watching the loser partake in their hilarious punishment ...

  4. Martingale (betting system) - Wikipedia

    en.wikipedia.org/wiki/Martingale_(betting_system)

    This means the bettor must have over 65,500 (2^15-1 for their 15 losses and 2^15 for their 16th streak-ending winning bet) times their original bet size. Thus, a player making 10 unit bets would want to have over 655,000 units in their bankroll (and still have a ~5.5% chance of losing it all during 5,000 plays).

  5. Fold equity - Wikipedia

    en.wikipedia.org/wiki/Fold_equity

    Fold equity is a concept in poker strategy that is especially important when a player becomes short-stacked in a no limit (or possibly pot limit) tournament.It is the equity a player can expect to gain due to the opponent folding to his or her bets. [1]

  6. Parimutuel betting - Wikipedia

    en.wikipedia.org/wiki/Parimutuel_betting

    A $5 bet Each-way is a $5.00 bet to Win and a $5.00 bet to Place, for a total bet cost of $10. Exacta: The bettor must correctly pick the two runners which finish first and second. Quinella: The bettor must pick the two runners which finish first and second, but need not specify which will finish first.

  7. Each-way - Wikipedia

    en.wikipedia.org/wiki/Each-way

    A £10 each-way single on a 10-1 selection in a horse race and paying 1 ⁄ 4 the odds a place 1, 2, or 3 would cost £20.. Returns on the win part of the bet would be £10 × (10/1 × 1) + stake = £110 (£100 winnings + £10 stake)

  8. Winning percentage - Wikipedia

    en.wikipedia.org/wiki/Winning_percentage

    For example, if a team's season record is 30 wins and 20 losses, the winning percentage would be 60% or 0.600: % = % If a team's season record is 30–15–5 (i.e. it has won thirty games, lost fifteen and tied five times), and if the five tie games are counted as 2 1 ⁄ 2 wins, then the team has an adjusted record of 32 1 ⁄ 2 wins, resulting in a 65% or .650 winning percentage for the ...

  9. Forfeit (sport) - Wikipedia

    en.wikipedia.org/wiki/Forfeit_(sport)

    In various sports, a forfeit is a method in which a match automatically ends, and the forfeiting team loses.. There are two distinct forms of forfeiture. One occurs when a team is unable (or refuses) to meet the basic standards for playing the game, either before the game begins or as a result of actions that happen during the match.