[FASherman]

Originally Posted by sabret00the

surely real time odd's aren't possible without getting the odds from RSS feeds?

I don't think that was the request. He's not asking to have the current Vegas odds of the Patriots to win the 2006 Superbowl and update in realtime.
The request was to run an event as a paramutual event which means all of the data is internal.

This is pretty simple stuff. Lets say the Patriots are playing the Bengals and 100 people place bets. If all 100 bet $1 on the Patriots. then the odds are 1:1. You get back what you paid in, $1. Makes sense, right?

Lets say 99 bet on the Pats. One person bets on the Bengals. If the Pats win, those 99 get $1.01. The odds were 100:99.

However, if an "Any Given Sunday" miracle happens, the one person who bet on the Bengals at 100:1 odds gets $100 for his buck.

Payout is commensurate to risk.