title: “#Invent2016 - The TechBet Results” date: 2016-09-29 categories: - “data” - “data-and-statistics” - “maths-and-stats” - “northern-ireland” - “prediction-markets-and-betting” - “startups-business”

- “stuff-and-nonsense”

First of all, a huge congratulations to Jumpack for becoming overall winner on Invent2016. Right, so while everyone is probably getting drunk now, down to the business of numbers….

The Parimutuel Betting Results

A total of 285 virtual coins were wagered, for details of what and how this happened please have a look at my earlier blog post. As expected, in my mind, Elemental and Kraydel pulled in the majority of the total bet.

So the payout is ²⁸⁵⁄₂₅ = 11.4 (giving odds of Jumpack winning at 10.⁴⁄₁ and also providing a nice 10.4 per 1 wagered profit, not a bad day’s work for those who bet on it, a secret, it was one person).