Autumn 2017 Betting sign ups, info & rules
Posted: 05 Nov 2017, 16:41
Fellow terrestrials,
I'm sure some of you, notably @Gendarme and @roiarthurbis, have been waiting for this chance ever since their crushing defeat at the hands of our current betting king. @britishmusketeer sits on the throne, for now, undoubtedly eager to defend it. But this is an equal opportunity event, there is no seeding. Britishmusketeer is going to have to do with 1500 points like the rest of us, and some would argue it's only a matter of chance whether he will succeed as he did last time. Some, however, would argue the opposite. It's hard to disagree with them, as there seems to be a certain group of betters that always does well. Who can forget about @zoom winning two events in a row?
The tournament is stacked. We're going to see some great games, great series, and looking at the brackets some of them will take place early on in the event. I can only look forward to the inevitable fireworks in the betting event.
For those who participated before, it'll be the same as always. Everyone else, make sure you read the rest of this post. Don't hesitate to ask any questions in this thread or via PM, and I welcome any feedback. If you think I should do something differently please do mention it, even small things. Also, if something seems out of the ordinary or doesn't seem to be working like it should, shoot me a PM.
Betting starts after the ZutaZuta classic (AoEO tournament) concludes, which should be sometime during the round of 64 of this tournament.
Happy gambling, and good luck to all!
______________________________________________________________________________________________________________________________
Prize
There is a $100 prize up for grabs reserved from the tournament prize pool. Winner takes all! The winner is the player with the most betting points after the finals of the tournament.
Participation is free.
How to sign up
Simply leave a reply in this thread, or send me a message. You will receive a PM with further info. If you're reading this after the tournament started, you can still sign up.
How the system works
After you sign up, you'll receive a message from me with a link to your own personal betting sheet (example) where you can enter your bets and a link to the stats sheet which contains the standings as well as everyone else's bets. The system is hosted in the cloud (Google docs) and updates automatically as you place your bets. Where to enter your bets: http://i.imgur.com/84cIjd2.png but on your own personal sheet of course.
Betting updates will be posted in a discussion thread which I will post later, with all betters tagged in it. So make sure you keep an eye on your notifications during the event! Alternatively you can keep an eye on your betting sheet, which will always show all of the open betting matches and when they are scheduled to be played.
You start with 1500 points.
Which matches to bet on will be decided by me. There will be at least 5 matches to bet on in every round up to the round of 16, and after that you will be able to bet on every match. I will send a message to all participants if there is a new match to bet on. This information can be found in your player sheet too, of course.
Note that if a match is played early in the round and there is still some time, I may select another match in that same round to bet on so keep an eye out for that.
The system rewards participation, as there is a bit of inflation each match which only benefits people who participate (and win). Typically the point total at the end of the event will be around 150% of the point total at the start of the event.
How the odds work
If the odds against player A winning are 5.00 (also read as 5 to 1) that means you get 5 times the amount of points you bet in payout if player A wins. So if you had bet 1000 on player A winning, you would get 5000 points in payout which is a 4000 point profit.
The odds update real time based on your and other players' bets. The odds are frozen right before the match starts and payouts will be based on those final odds, not based on the odds at the time you placed your bet.
If many people bet on a result, you will get less points in payout if it happens. This means you are not betting against a bookmaker, you are betting against the other betters and if a lot of them think player A will win but you think player B is underrated, it could be a worthwhile strategy to bet a bunch of points on player B.
In short, if you bet on a result which the community thinks is unlikely and it happens, you are rich! If you bet on a likely result and it happens, you also win but you are less rich. The more risk you take the higher your potential reward, but of course many well-placed safe bets can also add up to big profit. Develop your own betting strategy accordingly.
Rules
1. There is a maximum of 1000 points per specific result (like Player A winning 3-0) and 10000 on the results "Player X winning". The system will complain if you try to put more points on results than allowed.
2. At the bottom of your player sheet is your balance (points available to bet with). If this number reaches less than zero as a result of you placing bets, none of your bets will be counted so make sure it stays above or equal to zero.
3. You can't bet on your own matches except on you winning and/or you winning x-0.
4. You are allowed to donate points to other players, but only if they have zero points left. "Malicious donations" (under 50 points) are not allowed.
I'm sure some of you, notably @Gendarme and @roiarthurbis, have been waiting for this chance ever since their crushing defeat at the hands of our current betting king. @britishmusketeer sits on the throne, for now, undoubtedly eager to defend it. But this is an equal opportunity event, there is no seeding. Britishmusketeer is going to have to do with 1500 points like the rest of us, and some would argue it's only a matter of chance whether he will succeed as he did last time. Some, however, would argue the opposite. It's hard to disagree with them, as there seems to be a certain group of betters that always does well. Who can forget about @zoom winning two events in a row?
The tournament is stacked. We're going to see some great games, great series, and looking at the brackets some of them will take place early on in the event. I can only look forward to the inevitable fireworks in the betting event.
For those who participated before, it'll be the same as always. Everyone else, make sure you read the rest of this post. Don't hesitate to ask any questions in this thread or via PM, and I welcome any feedback. If you think I should do something differently please do mention it, even small things. Also, if something seems out of the ordinary or doesn't seem to be working like it should, shoot me a PM.
Betting starts after the ZutaZuta classic (AoEO tournament) concludes, which should be sometime during the round of 64 of this tournament.
Happy gambling, and good luck to all!
______________________________________________________________________________________________________________________________
Prize
There is a $100 prize up for grabs reserved from the tournament prize pool. Winner takes all! The winner is the player with the most betting points after the finals of the tournament.
Participation is free.
How to sign up
Simply leave a reply in this thread, or send me a message. You will receive a PM with further info. If you're reading this after the tournament started, you can still sign up.
How the system works
After you sign up, you'll receive a message from me with a link to your own personal betting sheet (example) where you can enter your bets and a link to the stats sheet which contains the standings as well as everyone else's bets. The system is hosted in the cloud (Google docs) and updates automatically as you place your bets. Where to enter your bets: http://i.imgur.com/84cIjd2.png but on your own personal sheet of course.
Betting updates will be posted in a discussion thread which I will post later, with all betters tagged in it. So make sure you keep an eye on your notifications during the event! Alternatively you can keep an eye on your betting sheet, which will always show all of the open betting matches and when they are scheduled to be played.
You start with 1500 points.
Which matches to bet on will be decided by me. There will be at least 5 matches to bet on in every round up to the round of 16, and after that you will be able to bet on every match. I will send a message to all participants if there is a new match to bet on. This information can be found in your player sheet too, of course.
Note that if a match is played early in the round and there is still some time, I may select another match in that same round to bet on so keep an eye out for that.
The system rewards participation, as there is a bit of inflation each match which only benefits people who participate (and win). Typically the point total at the end of the event will be around 150% of the point total at the start of the event.
How the odds work
If the odds against player A winning are 5.00 (also read as 5 to 1) that means you get 5 times the amount of points you bet in payout if player A wins. So if you had bet 1000 on player A winning, you would get 5000 points in payout which is a 4000 point profit.
The odds update real time based on your and other players' bets. The odds are frozen right before the match starts and payouts will be based on those final odds, not based on the odds at the time you placed your bet.
If many people bet on a result, you will get less points in payout if it happens. This means you are not betting against a bookmaker, you are betting against the other betters and if a lot of them think player A will win but you think player B is underrated, it could be a worthwhile strategy to bet a bunch of points on player B.
In short, if you bet on a result which the community thinks is unlikely and it happens, you are rich! If you bet on a likely result and it happens, you also win but you are less rich. The more risk you take the higher your potential reward, but of course many well-placed safe bets can also add up to big profit. Develop your own betting strategy accordingly.
Rules
1. There is a maximum of 1000 points per specific result (like Player A winning 3-0) and 10000 on the results "Player X winning". The system will complain if you try to put more points on results than allowed.
2. At the bottom of your player sheet is your balance (points available to bet with). If this number reaches less than zero as a result of you placing bets, none of your bets will be counted so make sure it stays above or equal to zero.
3. You can't bet on your own matches except on you winning and/or you winning x-0.
4. You are allowed to donate points to other players, but only if they have zero points left. "Malicious donations" (under 50 points) are not allowed.
