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Great Britain Riotcoke
ESOC Media Team
Posts: 1827
ESO: Riotcoke
Location: Best County in the UK

03 Sep 2019, 13:03

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With the EPL being the major event at the moment, it seemed only fitting to carry on traditions with the commencement of a betting tournament even if we're slightly late to the party.

Last time @somppukunkku wiped the floor with a huge lead of over 100,000 points in the new world championship leaving second place @Charlesh in the dust, this resulted in Sommpu tying with @zoom with both now having three betting wins under their belt.

However with the unpredictability of an event in which coaching and strategies within a team affect individual player's performances it should be a very existing event with a high chance for upsets, so don't count on the champions from previous events to sweep the floor.

Betting will start tomorrow so be quick to sign up to not miss the Kaiser - Lukas Match!
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Prize
There is a $50 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: http://i.imgur.com/84cIjd2.png but on your own personal sheet of course.

Betting results and updates will be posted in https://eso-community.net/viewtopic.php?f=19&t=18066, 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 myself however with the number of matches that are occurring in a small space of time, it will be worthwhile to check your sheet regularly.

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 AND if you have more points than the average amount per player (1500 to start). "Malicious donations" (under 50 points) are not allowed.
You have the charisma of a damp rag, and the appearance of a low-grade bank clerk. And the question that I want to ask, that we're all going to ask, is "Who are you?"
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Netherlands Goodspeed
Retired Contributor
Posts: 7725

03 Sep 2019, 13:04

first
Australia Kawapasaka
Lancer
Donator 06
Posts: 526
ESO: skirmisher1380
Location: Wales (new, south)

03 Sep 2019, 13:06

second
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Germany japanesegeneral
Lancer
Posts: 512
ESO: JapaneseGeneral
Location: Germany

03 Sep 2019, 13:11

fifth
6 petards a day keep the doctor away.
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France bwinner
Howdah
Donator 01
Posts: 1103
ESO: bwinner

03 Sep 2019, 13:19

hpc xD
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Finland breeze
Howdah
Donator 01
Posts: 1611
ESO: PrinceOfkabul

03 Sep 2019, 13:41

bwinner wrote:I was happy when breeze posted a rec where he beat me once, which means he believes I am good.
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Germany Lukas_L99
Howdah
Donator 01
Posts: 1457
ESO: Lukas_L99
Location: Frankfurt

03 Sep 2019, 13:45

in
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Austria knusch
Dragoon
EWTDonator 01
Posts: 342

03 Sep 2019, 13:50

in
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Armenia Sargsyan
Jaeger
Donator 01
Posts: 2113
ESO: Sargsyan
Location: Armenia
GameRanger ID: 2106182

03 Sep 2019, 13:51

shit thread
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United States of America Cometk
ESOC Media Team
Posts: 3845
ESO: DJ_Cometk
Location: California

03 Sep 2019, 14:08

In
Image
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France kami_ryu
Retired Contributor
Posts: 1970
ESO: kami_ryu & incognoto
Location: Denver, CO, USA, Earth, Milky Way, Virgo Supercluster

03 Sep 2019, 14:12

This is so fucking exciting
Hold me close when it's over
Life goes slow loving sober
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Malawi princeofcarthage
Retired Contributor
Posts: 1695
ESO: Princeofcarthage
Location: Milky Way!

03 Sep 2019, 14:14

in
Image
Image
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Switzerland sebnan12
Howdah
Posts: 1678
ESO: Mongobillione
Location: Switzerland

03 Sep 2019, 14:16

Dearest Riotcoke
I, if not causing too much trouble, would like to participate in the betting event of yours.
your Friend,
Mongobillion
''its is iamsucksturk'' - Kickass_op
"Not my fault everyone is a idiot" - Sir_Musket
"how do you say first lt in serbian" - outta_key_
''man he's slow rolling him more than a fish on a royal flush'' - Garja
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United States of America dicktator_
Howdah
EWT
Posts: 1048
ESO: Conquerer999

03 Sep 2019, 14:19

In
steniothejonjoe wrote:I can micro better than 99% of the player base and that's 100% objective
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Great Britain TheNameDaniel
Dragoon
Posts: 230
ESO: Danielek
Location: UK

03 Sep 2019, 14:31

Dearest Riotcoke
I, if not causing too much trouble, would like to participate in the betting event of yours.
your Buddie,
Dan
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India gh0st
Lancer
Posts: 881
ESO: gh0st007
Location: India

03 Sep 2019, 14:33

in
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Netherlands edeholland
ESOC Community Team
Donator 01
Posts: 3972
ESO: edeholland
Location: the cloud
GameRanger ID: 4053888

03 Sep 2019, 14:33

Dearest Riotcoke
I, if causing too much trouble, would like to participate in the betting event of yours.
your Buddie,
Ede
Image
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France Kynesie
Dragoon
EWT
Posts: 372
ESO: kynesie

03 Sep 2019, 14:35

In
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Greece BrookG
ESOC Media Team
Posts: 1213
ESO: BrookG
Location: not Amsterdam

03 Sep 2019, 14:41

Dearest Riotcoke
I, if causing too much trouble, would like to participate in the betting event of yours.
your Buddie,
rook
Correlation doesn't mean causation.
http://www.tylervigen.com/spurious-correlations

"mr.brookg go buy jeans and goto the club with somppuli" - Princeofkabul, July 2018
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No Flag fightinfrenchman
Gendarme
Donator 03
Posts: 7572

03 Sep 2019, 14:51

Sign me up
There's sand in my teeth
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Singapore Thrar
ESOC Dev Team
Posts: 64
ESO: Thrar

03 Sep 2019, 14:59

In
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New Zealand zoom
EP Project Lead
Posts: 8714
ESO: Funnu
Location: New_Sweland

03 Sep 2019, 15:11

Oh—this exists. That's what happens when you don't spend enough time on ESOC! Please sign me up!
Effective ESOC Patch notes

"♪We can ascend 'till we reach De La Heaven; and in a spin we'll hit the Top Ten♫"
"♪You can't trust anyone, because you're untrustable. How can you trust someone you know can't trust you?♫"
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Netherlands edeholland
ESOC Community Team
Donator 01
Posts: 3972
ESO: edeholland
Location: the cloud
GameRanger ID: 4053888

03 Sep 2019, 15:28

zoom wrote:Oh—this exists. That's what happens when you don't spend enough time on ESOC! Please sign me up!
It's up for 2 hours, lol
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Italy Garja
ESOC Maps Team
Donator 02
Posts: 7649
ESO: Garja

03 Sep 2019, 15:43

in
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Madagascar samwise12
Dragoon
Summer 2015 winner
Posts: 465
ESO: Samwise12
Location: United Kingdom

03 Sep 2019, 15:44

ur banned

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