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Omber Zombie
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Posted - 2006.06.24 17:11:00 -
[1]
Ater the success of the last tournament's betting system (and the spam mail I got today about it), I've decided to run the same betting pool system again for this tournament. Rules/details follow:
* All bets must be sent to the character Ombeh Zombeh (Omberokoku corp). It's my alt.
* All bets must have the Alliance/Team name you are betting on as the comment
* All bets must be recieved by 14:59 eve time on the 14th July, anything after that will be considered a donation to the prize pool
* Bets must be in multiples of 1mil, anything extra will be added to the prize pool (so, if you send 1.5mil, 500k will be considered a donation)
* You can bet on as many teams as you want, it's your isk, i don't care.
* I will be taking a cut of 5% for myself for the deal of running the betting pool
* The winning team will also get a 5% cut of the total prize pool.
* Payouts to winners will be done within 24hours of the event ending
How it works:
Everyone sends in the isk and the team they are betting on to win the championship. All the isk goes into one large pool to be won. Those that bet on any of the losing teams win nothing. Those that bet on the winning team get a percantage of the total pool as their winning prize, based on the amount bet on that team.
an example:
Big Blue wins the competition (unlikely, but possible)
there is a grand total of 1bil in the pot
Seleene bet 10mil on Big Blue
Blacklight bet 5mil on Big Blue
DigitalCommunist in a fit of insanity bet 85mil on Big Blue
the payouts should this eventuate would be:
Seleene gets 90mil
Blacklight gets 50mil
Digi gets 765mil
I would get 50mil as the person running the pot, Big Blue would get 50mil for being teh winning team.
If you have any questions, post here, if not, start sending the isk to Ombeh
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Ombeh Zombeh
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Posted - 2006.06.24 17:12:00 -
[2]
It's me alt (you send isk to me)
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Reiisha
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Posted - 2006.06.24 17:17:00 -
[3]
Hmm, i probably should bet on huzzah or tbb, or cva...
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Roedeorm
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Posted - 2006.06.24 17:34:00 -
[4]
Edited by: Roedeorm on 24/06/2006 17:34:56
 Originally by: Omber Zombie
Ater the success of the last tournament's betting system (and the spam mail I got today about it), I've decided to run the same betting pool system again for this tournament. Rules/details follow:
* All bets must be sent to the character Ombeh Zombeh (Omberokoku corp). It's my alt.
* All bets must have the Alliance/Team name you are betting on as the comment
* All bets must be recieved by 14:59 eve time on the 14th July, anything after that will be considered a donation to the prize pool
* Bets must be in multiples of 1mil, anything extra will be added to the prize pool (so, if you send 1.5mil, 500k will be considered a donation)
* You can bet on as many teams as you want, it's your isk, i don't care.
* I will be taking a cut of 5% for myself for the deal of running the betting pool
* The winning team will also get a 5% cut of the total prize pool.
* Payouts to winners will be done within 24hours of the event ending
How it works:
Everyone sends in the isk and the team they are betting on to win the championship. All the isk goes into one large pool to be won. Those that bet on any of the losing teams win nothing. Those that bet on the winning team get a percantage of the total pool as their winning prize, based on the amount bet on that team.
an example:
Big Blue wins the competition (unlikely, but possible)
there is a grand total of 1bil in the pot
Seleene bet 10mil on Big Blue
Blacklight bet 5mil on Big Blue
DigitalCommunist in a fit of insanity bet 85mil on Big Blue
the payouts should this eventuate would be:
Seleene gets 90mil
Blacklight gets 50mil
Digi gets 765mil
I would get 50mil as the person running the pot, Big Blue would get 50mil for being teh winning team.
If you have any questions, post here, if not, start sending the isk to Ombeh
Better recalculate Your example there ^^
First off there are 1005 mill in Your example, not 1 bill like You wanted it to be.
Secondly there is something wrong with Your distribution between the 3 betters mentioned, betting 10 mill vs 5 mill nets 90 mill vs 50 mill`? That doesnt make sense ^^
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Pepperami
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Posted - 2006.06.24 17:35:00 -
[5]
Is there any way I can make an IPO out of this?
[Art of War][- V -] |
Omber Zombie
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Posted - 2006.06.24 17:45:00 -
[6]
Originally by: Roedeorm
Better recalculate Your example there ^^
First off there are 1005 mill in Your example, not 1 bill like You wanted it to be.
Secondly there is something wrong with Your distribution between the 3 betters mentioned, betting 10 mill vs 5 mill nets 90 mill vs 50 mill`? That doesnt make sense ^^
yup, fixed it, was cutting and pasting from something else :p
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ParMizaN
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Posted - 2006.06.24 18:03:00 -
[7]
Good luck oz, i'll be betting.
For everybody in doubt, Oz has a very good reputation, i'll trust him with my money.
BDCI Recruitment Officersig edited for lack of pink really
PINK -eris |
Xrak
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Posted - 2006.06.24 18:11:00 -
[8]
GL Oz, I would bet but it would be cheating since I know who's going to win 
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Hllaxiu
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Posted - 2006.06.24 18:20:00 -
[9]
See if you can get LeMonde to start a sticky for betting in the Events forum for you and anyone else thats going to start a betting pool (cough)BIG(cough).
---
Our greatest glory is not in never failing, but in rising up every time we fail. - Emerson |
Omber Zombie
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Posted - 2006.06.24 18:20:00 -
[10]
Originally by: Xrak
GL Oz, I would bet but it would be cheating since I know who's going to win
didnt stop blacklight last time :)
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Blacklight
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Posted - 2006.06.24 20:55:00 -
[11]
Originally by: Omber Zombie
Originally by: Xrak
GL Oz, I would bet but it would be cheating since I know who's going to win
didnt stop blacklight last time :)
Who wouldn't bet on TWD 
Eve Blacklight Style
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Lowa
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Posted - 2006.06.24 22:00:00 -
[12]
Originally by: Omber Zombie
an example:
Big Blue wins the competition (unlikely, but possible)
there is a grand total of 1bil in the pot
Seleene bet 10mil on Big Blue
Blacklight bet 5mil on Big Blue
.
the payouts should this eventuate would be:
Seleene gets 90mil
Blacklight gets 45mil
If that calculation is right Sel gets 135m?
(I am sorry, I just could not let that go <3)
GL Omber, very nice initiative. Again. 
Cheers,
LOWA
NSN - Forcing EVE reviewers to mine since 2003! |
DigitalCommunist
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Posted - 2006.06.25 00:34:00 -
[13]
Why am I the one prone to fits of insanity 
Purchasing Complex Fullerene Shards, contact me ingame. |
Gavin Kineli
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Posted - 2006.06.25 02:04:00 -
[14]
Originally by: DigitalCommunist
Why am I the one prone to fits of insanity
Because he's talked with you before 
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Discodude
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Posted - 2006.06.25 02:05:00 -
[15]
Could this be moved to the EVENTS forums and stickied there, because that's where most ppl look for the betting page I think.
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Omber Zombie
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Posted - 2006.06.25 05:41:00 -
[16]
Originally by: Discodude
Could this be moved to the EVENTS forums and stickied there, because that's where most ppl look for the betting page I think.
I'd rather it stayed here, got stickied, and then got a news item personally...
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Angelhunter
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Posted - 2006.06.25 05:57:00 -
[17]
Originally by: Omber Zombie
Originally by: Discodude
Could this be moved to the EVENTS forums and stickied there, because that's where most ppl look for the betting page I think.
I'd rather it stayed here, got stickied, and then got a news item personally...
]
Attention *****.....
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Omber Zombie
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Posted - 2006.06.26 05:34:00 -
[18]
Originally by: Angelhunter
Attention *****.....
I am not...
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Seleene
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Posted - 2006.06.28 09:25:00 -
[19]
Originally by: Omber Zombie
Originally by: Angelhunter
Attention *****.....
I am not...
You used my name in a thread again, Oz. Where is my check?
-
History of the MC movie! |
Drilla
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Posted - 2006.06.28 09:59:00 -
[20]
Originally by: Seleene
Originally by: Omber Zombie
Originally by: Angelhunter
Attention *****.....
I am not...
You used my name in a thread again, Oz. Where is my check?
I told him, he could use any of my alts' names so no check for you altieboy
Seek not to bar my way, for I shall win through - no matter the cost! |
Omber Zombie
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Posted - 2006.06.30 18:05:00 -
[21]
Originally by: Omber Zombie
Originally by: Angelhunter
Attention *****.....
I am not...
I told you, you'll get paid when you stop mining.
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dghdfgh
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Posted - 2006.06.30 19:07:00 -
[22]
Omber:
Could you include the names of confirmed teams that have not been bet on yet? I'd like to see who the longshots were as time goes on....
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Omber Zombie
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Posted - 2006.07.01 06:28:00 -
[23]
the only bets I have taken so far have been for the MC, no other team has been bet on.
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Mather Maelstrom
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Posted - 2006.07.01 07:01:00 -
[24]
Edited by: Mather Maelstrom on 01/07/2006 07:03:08
Edited by: Mather Maelstrom on 01/07/2006 07:01:15
Is there any garantee that winners do win isk or get their isk returned when no one bets on the other team or enough isk on the other team to make a profit?
Example:
1. Bets 90mil on A
2. Bets 80mil on A.
3. Bets 5mil on B.
Total sum= 175mil isk -10% = 157.5mil isk
A wins.
90+80=170mil isk.
1. wins 157.5*(90/170)=83.38mil isk
2. wins 157.5*(80/170)=74.12mil isk
Also do you have open betting or closed betting?
Originally by: Omber Zombie
Current Pool: 20mil
Teams Bet on:
1. MC - 20mil
If everyone in this case would bet on MC to win, I could place a bet of 1mil isk on B. Now B doesn't have the best ods, but it is worth risking just 1mil isk to win it all. If the bets are closed (so no info on how much is bet on a certain team) people can't place these 'smart' bets.
//No Pro Gallente RP, no Coreli & Cyrene anymore\\ |
Omber Zombie
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Posted - 2006.07.01 15:50:00 -
[25]
to answer your questions: If everyone ends up betting on the same team, the isk will be returned, no-one would profit except for me and the tourny winner, so no point.
The reason the betting is open is for those 'smart' bets. As I said in my original post, it's your isk, I don't care how much you bet and who you bet it on. If you want to place 'smart' bets, go for it
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Morning Maniac
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Posted - 2006.07.01 18:07:00 -
[26]
OZ, drop me a line when that happens and I will place 1mil on each other team :)
http://eve.xonectic.com/forum/(out of game)
EVE University commercial |
Omber Zombie
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Posted - 2006.07.01 18:26:00 -
[27]
cool
nice new sig btw 
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Omber Zombie
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Posted - 2006.07.03 08:56:00 -
[28]
pool updated, finally people are betting on someone other than the MC
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Omeega
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Posted - 2006.07.03 09:51:00 -
[29]
can we bet kids?
Don't speak english. F1,f2,f3...
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QwaarJet
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Posted - 2006.07.03 11:00:00 -
[30]
I think i'll be betting on my group opponents, Ushra'Khan, whenever I get a minute.
"Hobbes, she stepped into the Perimter Of Wisdom.Run!" |
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