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Cdr Foxbat
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Posted - 2005.12.24 21:38:00 -
[1]
Edited by: Cdr Foxbat on 24/12/2005 21:40:33 Well then - as suggested, we need one - so I may as well start it up.
To keep it simple here's how to participate:
All bets are 1:1 unless stated otherwise.
You put down the ammount you want to bet. This goes into a "pot". The isk is then transfered to someone "accountable". I would love someone to take this job - either a well known figure or maybe even the event organiser himself.
Whichever teams lose = those that bet lose it.
The winning teams pot gets devided percent wise based on the ammount individuals betted, with some going to the winning team themselves.
Example So say I bet 10 mil on ASCN, 20 others have betted equal ammounts - so 200mil total. 3 others also betted on ASCN. ASCN win - so each better gets 1/4 of the pot - say 10% (which goes to the team itself).
To make it easier - keep the bets in multiples of 5 mil
What say you?
If needed I can play accountant - with full stats presented in screenies and XLS on demand - you can bet annonymously if you wish [so you wont show up by name on the spreadsheets]
EDIT: oops - thread already there.
P.S. - as mentioned, Freewheeling, OZ or someone else of the "eve celebs" - could you please volunteer to be the cashier - I guess you could take a cut...........
Originally by: Blind Watchmaker
Originally by: Gong Guess Goliaths last words were: 'That was lame !'
Actually they were "OMG lag!"
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slothe
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Posted - 2005.12.24 22:06:00 -
[2]
personally id bet on anyone except ascn.
i think alliance bets would be..
1. ra-bob-5 2. everyone else.
http://dahlma.no-ip.org/%7Ejohanta/atuksmack.png |
Saeris Tal'Urduar
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Posted - 2005.12.24 23:40:00 -
[3]
There needs to be an oddsmaker before I'd place any bet.
Depending on the odds..I might put some isk on ASCN to "place"
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Raem Civrie
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Posted - 2005.12.24 23:52:00 -
[4]
For the love of god, don't trust OZ with money. He's australian ---
God-King of Genitalia |
Dianabolic
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Posted - 2005.12.25 01:32:00 -
[5]
Don't be discounting [g], guys, they are a very worthy bet should they enter.
Originally by: Thomas Jefferson A society that will trade a little liberty for a little security will lose both and deserve neither.
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Omber Zombie
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Posted - 2005.12.25 02:40:00 -
[6]
i can set up an alt if you want me to be cashier - I don't have time to run the actual numbers and betting tho
p.s. I am not a celeb (even if i am FoE's prime target) ----------------------
Originally by: Seleene
I maintain that OZ is evil and have nothing further to add.
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j0sephine
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Posted - 2005.12.25 02:53:00 -
[7]
"p.s. I am not a celeb (even if i am FoE's prime target) "
You are, so hush and bask in that spotlight... ;p
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Taz Devlin
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Posted - 2005.12.25 03:38:00 -
[8]
j0 speaks the truth OZ, get over it.
"Nah," he said, eventually. "I've looked at the colours on flowers. They're definitely built-in." |
Omber Zombie
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Posted - 2005.12.25 03:43:00 -
[9]
/me basks ----------------------
Originally by: Seleene
I maintain that OZ is evil and have nothing further to add.
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Drew Kelly
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Posted - 2005.12.25 05:26:00 -
[10]
Edited by: Drew Kelly on 25/12/2005 05:26:09 nvm
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Saeris Tal'Urduar
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Posted - 2005.12.25 05:37:00 -
[11]
Originally by: Dianabolic Don't be discounting [g], guys, they are a very worthy bet should they enter.
Truth be told...no matter what the odds I think I'd bet -G- would place 1st. (I think they have the art of Teamwork down better than anyone else.) Maybe even better than the -MC-.......maybe
But then again its kinda irrelevant since no one is making odds.
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Baldour Ngarr
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Posted - 2005.12.25 07:36:00 -
[12]
I have to ask, if only to get a laugh.
What odds on ISS winning the tournament?
"I tried strip mining, but I lost, and it's cold flying around in space naked." |
Elendar
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Posted - 2005.12.25 11:06:00 -
[13]
Originally by: Baldour Ngarr I have to ask, if only to get a laugh.
What odds on ISS winning the tournament?
Safest to stick to 1:1, at realistic odds theres not enough money in eve to cover a 1mil bet if they somehow won
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Omber Zombie
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Posted - 2005.12.25 12:46:00 -
[14]
ok, i can actually se this working with varying odds, but you'd need a list of who is fighting who to make those odds per fight - much easier to do a grand champion only type pool tho.
I'm happy to recieve and dole out cash, but it would be on a 24hour basis (possibly more often, but 24hour max). Just need someone to be 'the house' who will provide funding should people win more than has been put in (i'd do it myself, but as i am poor, i would have to limit bets to max of 1mil) ----------------------
Originally by: Seleene
I maintain that OZ is evil and have nothing further to add.
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Cdr Foxbat
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Posted - 2005.12.25 13:00:00 -
[15]
Here is what I suggest - to not make it an isk sink for you or anyone else - the people betting on the winning team simply get a split of the pot depending on their imput.
So say 3 people bet on a team, I bet 10 mil another 60 the last 30mil - the total pot is say 200mil - I get a 20mil payout, the other guys 120 and 60. I would suggest say 10% is deducted for the winning team to get themselves - and maybe trim a few % for yourself. This way the odds regulate themselves - as the most "popular" teams get low odds while a rarely betted on team can give amazing returns.
I can do the calculations (spreadsheet freak) and send you them back if needed. Contact me ingame.
Originally by: Blind Watchmaker
Originally by: Gong Guess Goliaths last words were: 'That was lame !'
Actually they were "OMG lag!"
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Stins
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Posted - 2005.12.25 13:02:00 -
[16]
Originally by: Omber Zombie ok, i can actually se this working with varying odds, but you'd need a list of who is fighting who to make those odds per fight - much easier to do a grand champion only type pool tho.
I'm happy to recieve and dole out cash, but it would be on a 24hour basis (possibly more often, but 24hour max). Just need someone to be 'the house' who will provide funding should people win more than has been put in (i'd do it myself, but as i am poor, i would have to limit bets to max of 1mil)
Just don't pay out more as there is betted.
Put all the bets into 1 pot. i.e. you recieve 1B isk of bets total.
If for example ISS (ofc ) wins the tournament, and 3 people betted on that, the 1B pot is divided along those betters, based on the ammount of isk they betted.
so 1 char puts in 3M on ISS, 1 char 47M isk and 1 char 50M isk, they recieve 30M isk, 470M isk and 500M isk.
Doing this for every fight will be hard, but doable once the schedule is released.
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corporal hicks
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Posted - 2005.12.25 13:05:00 -
[17]
Guess I will have to make a alliance just to enter people into this :)
" Stay Frosty "
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Omber Zombie
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Posted - 2005.12.25 13:43:00 -
[18]
Originally by: Stins
Just don't pay out more as there is betted.
Put all the bets into 1 pot. i.e. you recieve 1B isk of bets total.
If for example ISS (ofc ) wins the tournament, and 3 people betted on that, the 1B pot is divided along those betters, based on the ammount of isk they betted.
so 1 char puts in 3M on ISS, 1 char 47M isk and 1 char 50M isk, they recieve 30M isk, 470M isk and 500M isk.
Doing this for every fight will be hard, but doable once the schedule is released.
that's probably the best setup yet - i should have thought of that earlier If someone wants to set up a spreadsheet for me with that info so it calculates itself (with me just putting numbers in for people that bet etc.) I'll happily run it. However I do wish to take a 5% cut for Eve-Uni to help continue the stellar work they do in training nubs (blatant advertising i know) ----------------------
Originally by: Seleene
I maintain that OZ is evil and have nothing further to add.
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Cdr Foxbat
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Posted - 2005.12.25 14:06:00 -
[19]
Originally by: Omber Zombie
Originally by: Stins
Just don't pay out more as there is betted.
Put all the bets into 1 pot. i.e. you recieve 1B isk of bets total.
If for example ISS (ofc ) wins the tournament, and 3 people betted on that, the 1B pot is divided along those betters, based on the ammount of isk they betted.
so 1 char puts in 3M on ISS, 1 char 47M isk and 1 char 50M isk, they recieve 30M isk, 470M isk and 500M isk.
Doing this for every fight will be hard, but doable once the schedule is released.
that's probably the best setup yet - i should have thought of that earlier If someone wants to set up a spreadsheet for me with that info so it calculates itself (with me just putting numbers in for people that bet etc.) I'll happily run it. However I do wish to take a 5% cut for Eve-Uni to help continue the stellar work they do in training nubs (blatant advertising i know)
Let me get to work on that........
Originally by: Blind Watchmaker
Originally by: Gong Guess Goliaths last words were: 'That was lame !'
Actually they were "OMG lag!"
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William Dampier
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Posted - 2005.12.25 15:21:00 -
[20]
Originally by: Cdr Foxbat Anyways - 10mil on ASCN
1 billion on "this is a joke of an event" .... where do i pick up my money?
VIRII HeadQuarters - Kills Statistics
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Cdr Foxbat
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Posted - 2005.12.25 17:11:00 -
[21]
Spreadsheet
Damn my brain is fried after that - 1st spread in a good few months........
Anyway - just put in the names, ammounts and alliance they bet on. After that set the tax rate you want for Eve-U and for the competitors themselves if they win. In other words just fill in the light grey boxes.
If anyone else wants to check for bugs feel free
Originally by: Blind Watchmaker
Originally by: Gong Guess Goliaths last words were: 'That was lame !'
Actually they were "OMG lag!"
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Baldour Ngarr
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Posted - 2005.12.25 17:26:00 -
[22]
Originally by: Cdr Foxbat Spreadsheet
Damn my brain is fried after that - 1st spread in a good few months........
Anyway - just put in the names, ammounts and alliance they bet on. After that set the tax rate you want for Eve-U and for the competitors themselves if they win. In other words just fill in the light grey boxes.
If anyone else wants to check for bugs feel free
If I'd been on earlier, I could've saved you the trouble.
The setup described is what the betting industry knows as a Totalisator, and it's a standard spreadsheet design I could've found for you on the net in no time. But well done for writing it up :)
I think that's the best way to do it too. Forget trying to make odds; the amount you win depends on how popular your choice was. If it's Mercenary Coalition vs. ISS, and every single person bets on MC, and MC win, the payout will actually be less than the stake.
"I tried strip mining, but I lost, and it's cold flying around in space naked." |
Cdr Foxbat
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Posted - 2005.12.25 17:34:00 -
[23]
Originally by: Baldour Ngarr I think that's the best way to do it too. Forget trying to make odds; the amount you win depends on how popular your choice was. If it's Mercenary Coalition vs. ISS, and every single person bets on MC, and MC win, the payout will actually be less than the stake.
Well - IMO thats what would make it interesting - betting on the smaller less popular guys can give huge returns if they somehow win........
Originally by: Blind Watchmaker
Originally by: Gong Guess Goliaths last words were: 'That was lame !'
Actually they were "OMG lag!"
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Omber Zombie
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Posted - 2005.12.25 23:21:00 -
[24]
the zip file seems to be corrupt... ----------------------
Originally by: Seleene
I maintain that OZ is evil and have nothing further to add.
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Cdr Foxbat
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Posted - 2005.12.25 23:32:00 -
[25]
Strange - worked earlier.... give me 5 mins to find another host
Originally by: Blind Watchmaker
Originally by: Gong Guess Goliaths last words were: 'That was lame !'
Actually they were "OMG lag!"
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Cdr Foxbat
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Posted - 2005.12.25 23:51:00 -
[26]
Rehosted thanks to corp member
Originally by: Blind Watchmaker
Originally by: Gong Guess Goliaths last words were: 'That was lame !'
Actually they were "OMG lag!"
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Edhel
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Posted - 2005.12.26 17:20:00 -
[27]
Why 1:1 odds.. seriously? at least change the ratio after the first round..
It's not fair that ISS vs 5 gets the same odds.. Individual bets on individual competitions and uhm well bets on final outcome and such.
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Cdr Foxbat
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Posted - 2005.12.26 17:58:00 -
[28]
Originally by: Edhel Why 1:1 odds.. seriously? at least change the ratio after the first round..
It's not fair that ISS vs 5 gets the same odds.. Individual bets on individual competitions and uhm well bets on final outcome and such.
I think someone needs a better understanding of whats written up - check the spreadsheet to see how it works. If the bets were 10 mil each and say 10 people bet on 5 winning, 15 on Bob and 4 on ISS and 1 on ASCN - that the payout per person at 10% total tax would be this much if the respective teams won:
Those that betted on 5 would get: 27mil Those that betted on Bob would get: 18mil Those that betted on ISS would get: 67.5mil The guy that betted on ASCN would get: 270mil (not likely :( )
So the odds chance in accordance to the ammount of isk betted on the same team...........
And I just noticed a mistake: B101 should be =SUM(B2:B100)
Originally by: Blind Watchmaker
Originally by: Gong Guess Goliaths last words were: 'That was lame !'
Actually they were "OMG lag!"
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HatePeace LoveWar
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Posted - 2005.12.26 18:18:00 -
[29]
Edited by: HatePeace LoveWar on 26/12/2005 18:18:37 How do you submit a bet?
Or is this still work in progress? (I didn't read the rest of the threa donly the first post)
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Kryztal
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Posted - 2005.12.26 18:52:00 -
[30]
ofc BoB is gonna win *wink*
But if i was to put money down on someone else it would be G
<3 Bratzy
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