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Alliance Tournament Betting

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Roedeorm	Posted - 2006.06.24 17:34:00 - [1] 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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