Give me ideas on how to bet

[nOmnomnOm]

Hey everyone,

I'd like to make a thread dedicated to having people on forums place bets on AFC's race events.
Could someone perhaps give me an idea of how the betting system would work?

Suppose I have 5 racers competing and then someone wants to bet on racer A and someone else bets on racer B.
Suppose racer A wins then the money goes to him. That's simple enough, right?

But what if two people bet on the same person and another person bets on someone else. Suppose that a) there was an unequal amount being bet on and b) the racer that had 2 bets on him wins. What happens then for the reward? Does it go 50-50 or does it go with %ages... and if so, how would it be calculated?

I'm also wondering if the racer could get a cut in the reward as well... perhaps to give encouragement on winning.... how would that work out?