>> Reply to this thread to join the betting for the
ESOC Winter Championship 2020! <<
I hope you've all had a wonder Christmas and I wish you a Happy New Year!
ESOC is kicking off the final year of the decade (@n0el) with the 2020 ESOC Winter Classic! With that, we will be having our first betting event for all you gamblers out there. I'll be taking over the amazing betting spreadsheets made by @Goodspeed this time around.
Last time around we saw @Goodspeed win the betting for the EPL with more than double the points of second place @Kaiserklein. @Goodspeed had an impressive 74% of bets won, but @BrookG was the most efficient bettor with an 80% winrate. Can @BrookG continue his luck this year and turn it into a betting victory? Will @somppukunkku or @zoom (each with three betting event wins under their belts) take complete control of the top spot? Will @TheNameDaniel finish with > 0 points for the first time in his ESOC gambling career? How many points will @Cometk donate to the field this tourney? These questions will soon be answered!
Most of you know the drill. Those who don't, please take the time to read the rest of this post, or at the very least the rules.
Betting begins with the round of 64 of the pro division. Bets will be opened once the first match is set. The event starts on January 6th (only 1 week from the time of this post) and it's FREE to participate so don't wait to sign up for betting!
Happy gambling and may fortune be with you.
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This time there is a $100 prize up for grabs. 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: example (but on your own personal sheet of course).
Betting results and updates will be posted in the discussion thread, with all bettors 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 bettors 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.
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 AND if you have more points than the average amount per player (1500 to start). "Malicious donations" (under 50 points) are not allowed.
5. You may NOT place or change a bet once the scheduled start time of a series has passed. Once this time has passed, ALL BETS ARE OFF! Thankfully, @Goodspeed has created a scheduler that I will be using to automatically close matches at their scheduled start time so don't hesitate to place your bets.
SirCallen wrote:Just drink the beer as it is, you hipsters.
Why bow pike when can pike pike - Aiz
LoOk_tOm wrote:I have something in particular against Kaisar (GERMANY NOOB mercenary LAMME FOREVER) And the other people (noobs) like suck kaiser ... just this ..
We did as we were told
We bought and sold
It was the greatest show on earth
"gua has good mechanics" GiBthedurrty 2017
"Losing to Callen was the worst night of my life" Gibthedurrty 2019
"If hazza can get pr42 with team i can get pr50 with 1v1" Gibthedurrty 2018
"mr.brookg go buy jeans and goto the club with somppuli" - Princeofkabul, July 2018