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A new concept in ISK Betting - introducing RLS

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Sergio Ling Veto.	Posted - 2008.04.25 18:00:00 - [1] Edited by: Sergio Ling on 25/04/2008 18:05:07 Please visit your user settings to re-enable images. Real Life Sweepstakes (RLS) is a unique ISK-betting system, which allows anyone within New Eden to gamble a bit of their ingame money. Developed in partnership by Ix Forres (of ISKsense fame) and Sergio Ling (of no fame at all), the operation is guaranteed by the two people in question, whose reputation rests on products and their corporations. *So how does it work?* Using the EVE Online API system, the entire process is automated. Choose the bet, decide who's going to win, and send the money ingame. And that's it. No registration is required, but creating an account and linking a character via the API allows you to track any bets you're participating in, and any that have completed, as well as how much ISK you've won. *What can I bet on?* Anything you want. Pools are available to view on the site itself, and if a certain bet isn't up, you can suggest it to us by sending an ingame EVEmail to Sergio Ling. *There are no odds on your website. How do you work out how much you've won?* RLS doesn't use conventional odds-based betting, which allows you to bet against the house. Instead, you are betting against other players. An example is below: Quote: Will the sun rise tomorrow? Yes No There will be no tomorrow 10 people bet in this pool, with 8 bets being spread over the answers No and There will be no tomorrow, to a total of 27'000'000. Player A has bet 1'000'000 on Yes. Player B has bet 2'000'000 on Yes. The total pot comes in at 30'000'000. RLS take 10% of the total pot (to cover for expenses, maintenance on Exotic Dancers, and a Blue Pill habit we're trying to kick), which leaves us at 27'000'000 as a Prize fund, which is now divided between any winners. Player B bets twice as much as player A, so they are awarded 18'000'000 and 9'000'000 respectively. (Luckily we have machines to do the complicated maths, because there's no way I can work out what 125'663'985.72 is divided between 5 winners who have bet different amounts.) *The bet I want isn't on the site* There are thousands of possible bets, each with anything from 2 to 200 possible winners. If there's something we don't have, and you feel we should, let us know. We're constantly adding pools the the RLS site. *Awesome, I won some money! Where is it please?* Payouts are the only thing that aren't automated, as I don't think CCP want to add the ability to move money via the API. Once a day I log onto the character RLS Cashier, and manage the payouts. If you ever feel you should have been paid and haven't been, please send an EVEMail to Sergio Ling, or join the ingame channel. This is not a detailed explanation on how to bet. For a thorough walkthrough, check the website itself. It has pictures Have fun, good luck, and go bet.
Sergio Ling Veto.	Posted - 2008.04.25 18:00:00 - [2] Edited by: Sergio Ling on 25/04/2008 18:05:07 Please visit your user settings to re-enable images. Real Life Sweepstakes (RLS) is a unique ISK-betting system, which allows anyone within New Eden to gamble a bit of their ingame money. Developed in partnership by Ix Forres (of ISKsense fame) and Sergio Ling (of no fame at all), the operation is guaranteed by the two people in question, whose reputation rests on products and their corporations. *So how does it work?* Using the EVE Online API system, the entire process is automated. Choose the bet, decide who's going to win, and send the money ingame. And that's it. No registration is required, but creating an account and linking a character via the API allows you to track any bets you're participating in, and any that have completed, as well as how much ISK you've won. *What can I bet on?* Anything you want. Pools are available to view on the site itself, and if a certain bet isn't up, you can suggest it to us by sending an ingame EVEmail to Sergio Ling. *There are no odds on your website. How do you work out how much you've won?* RLS doesn't use conventional odds-based betting, which allows you to bet against the house. Instead, you are betting against other players. An example is below: Quote: Will the sun rise tomorrow? Yes No There will be no tomorrow 10 people bet in this pool, with 8 bets being spread over the answers No and There will be no tomorrow, to a total of 27'000'000. Player A has bet 1'000'000 on Yes. Player B has bet 2'000'000 on Yes. The total pot comes in at 30'000'000. RLS take 10% of the total pot (to cover for expenses, maintenance on Exotic Dancers, and a Blue Pill habit we're trying to kick), which leaves us at 27'000'000 as a Prize fund, which is now divided between any winners. Player B bets twice as much as player A, so they are awarded 18'000'000 and 9'000'000 respectively. (Luckily we have machines to do the complicated maths, because there's no way I can work out what 125'663'985.72 is divided between 5 winners who have bet different amounts.) *The bet I want isn't on the site* There are thousands of possible bets, each with anything from 2 to 200 possible winners. If there's something we don't have, and you feel we should, let us know. We're constantly adding pools the the RLS site. *Awesome, I won some money! Where is it please?* Payouts are the only thing that aren't automated, as I don't think CCP want to add the ability to move money via the API. Once a day I log onto the character RLS Cashier, and manage the payouts. If you ever feel you should have been paid and haven't been, please send an EVEMail to Sergio Ling, or join the ingame channel. This is not a detailed explanation on how to bet. For a thorough walkthrough, check the website itself. It has pictures Have fun, good luck, and go bet.
An Anarchyyt Gallente Battlestars GoonSwarm	Posted - 2008.04.25 18:02:00 - [3] It's amazing how quickly betting in Eve when from Monaco to Las Vegas, to Atlantic City, to OTB, to that guy down the street in an alleyway.
An Anarchyyt Gallente Battlestars GoonSwarm	Posted - 2008.04.25 18:02:00 - [4] It's amazing how quickly betting in Eve when from Monaco to Las Vegas, to Atlantic City, to OTB, to that guy down the street in an alleyway.
LoxyRider Body Count Inc. Mercenary Coalition	Posted - 2008.04.25 18:03:00 - [5] I am LoxyRider and I approve this message/product/service/flavour of ice cream.
LoxyRider Body Count Inc. Mercenary Coalition	Posted - 2008.04.25 18:03:00 - [6] I am LoxyRider and I approve this message/product/service/flavour of ice cream.

Chribba Otherworld Enterprises Otherworld Empire	Posted - 2008.04.25 18:07:00 - [7] Good luck with your concept, hope to see it grow and looking forward to some Veldspar bets Judging by the people involved in this I doubt it is a scam.


Chribba Otherworld Enterprises Otherworld Empire	Posted - 2008.04.25 18:07:00 - [8] Good luck with your concept, hope to see it grow and looking forward to some Veldspar bets Judging by the people involved in this I doubt it is a scam.

Faife Noctiscion Twilight Trade Cartel	Posted - 2008.04.25 18:16:00 - [9] Originally by: Chribba Good luck with your concept, hope to see it grow and looking forward to some Veldspar bets Judging by the people involved in this I doubt it is a scam. at ten percent cut, it's a scam but one that works exactly as detailed by op, heh and eh, if people wanna play, why not. i feel the same way about real life gambling so i'm probably not the target market
Faife Noctiscion Twilight Trade Cartel	Posted - 2008.04.25 18:16:00 - [10] Originally by: Chribba Good luck with your concept, hope to see it grow and looking forward to some Veldspar bets Judging by the people involved in this I doubt it is a scam. at ten percent cut, it's a scam but one that works exactly as detailed by op, heh and eh, if people wanna play, why not. i feel the same way about real life gambling so i'm probably not the target market
Kilabi Minmatar Veto Corp	Posted - 2008.04.25 18:17:00 - [11] I think i know the op. Seems legit to me.
Entity X-Factor Industries Synthetic Existence	Posted - 2008.04.25 18:18:00 - [12] Edited by: Entity on 25/04/2008 18:19:07 This site/concept/thread gets Entity's Seal of ApprovalÖ! Unfortunately I was not paid to write this recommendation so this mediocre one will have to do! (seriously though, go ~~lose~~ win some money people) ♥
isdisco3 Veto. Veto Corp	Posted - 2008.04.25 18:19:00 - [13] given that veto has a very strict no-scamming policy, and the fact that sergio is doing this with his main with the veto ticker on him, i think it's about as safe as it ever gets. i approve this product and/or service.
Anahksunamen Minmatar Veto.	Posted - 2008.04.25 18:21:00 - [14] I approve of this!! <3<3<3 Sergio
Powerpulse	Posted - 2008.04.25 18:24:00 - [15] Great so what u have done is taken the modern day Diversities which almost every company with money trades on weather they know it or not and area applying it to in game. That means the value of whatever is being bet on is determined completly by hype and anything bet on is not helped but can be hindered by other people wanting to win so doing whatever they can in game to skew or affect the results any way they can. Its called futures trading..one person bets it goes up and one person bets it goes down.. IN true futures trading it happens a bit differently but a similar concept. Also who is holding the money for the bets... This seems like a really good way to start a scam even if the people involved have a great integrity with the people that know them the rest of us dont. Here is a great example of this.. Ok I say trit is going to sell at no lower then 3.36 pu in jita tomorrow and no higher then 3.85. I bet 100,000 isk it wont happen.. Another person comes in and says no thats to loose.. I bet it wont go below 3.36 and higher then 3.50. This is a tighter bet because the possiblilty of error is much higher because the spread is much lower between the two. Because of its higher risk Im going to be 2 million isk it wont do it.. THis then flocks higher risk minded people that then bet higher amounts in that area perhaps totallying 100 million isk.. Now I log on and go tell a buddy of mine hey. GO sell your trit for 3.51 one a unit and Ill come buy it.. Does not matter if its one or 50 units as long as jita shows that on recorded average u win the 100 million. To much can be manipulated on a short term process in fact the NYSE does this all day long by manipulating buy and sell prices in order to gain whatever company the most gain for the day. Also once again if I place the bet who am I giving my money to that I know aint gonna take it and run. I dont think this is a great idea to be honest to much manipulation can take place based on hype that has nothing to do with any kind of real economic base.. We have enough hype in eve with market crap I dont think we need more
Sergio Ling Veto.	Posted - 2008.04.25 18:26:00 - [16] Edited by: Sergio Ling on 25/04/2008 18:27:10 Originally by: Powerpulse Great so what u have done is taken the modern day Diversities which almost every company with money trades on weather they know it or not and area applying it to in game. That means the value of whatever is being bet on is determined completly by hype and anything bet on is not helped but can be hindered by other people wanting to win so doing whatever they can in game to skew or affect the results any way they can. Its called futures trading..one person bets it goes up and one person bets it goes down.. IN true futures trading it happens a bit differently but a similar concept. Also who is holding the money for the bets... This seems like a really good way to start a scam even if the people involved have a great integrity with the people that know them the rest of us dont. Here is a great example of this.. Ok I say trit is going to sell at no lower then 3.36 pu in jita tomorrow and no higher then 3.85. I bet 100,000 isk it wont happen.. Another person comes in and says no thats to loose.. I bet it wont go below 3.36 and higher then 3.50. This is a tighter bet because the possiblilty of error is much higher because the spread is much lower between the two. Because of its higher risk Im going to be 2 million isk it wont do it.. THis then flocks higher risk minded people that then bet higher amounts in that area perhaps totallying 100 million isk.. Now I log on and go tell a buddy of mine hey. GO sell your trit for 3.51 one a unit and Ill come buy it.. Does not matter if its one or 50 units as long as jita shows that on recorded average u win the 100 million. To much can be manipulated on a short term process in fact the NYSE does this all day long by manipulating buy and sell prices in order to gain whatever company the most gain for the day. Also once again if I place the bet who am I giving my money to that I know aint gonna take it and run. I dont think this is a great idea to be honest to much manipulation can take place based on hype that has nothing to do with any kind of real economic base.. We have enough hype in eve with market crap I dont think we need more I think I understand. First of all, ISK is held on the character RLS Cashier, which is an alt of mine. As for swinging bets, we're not here for people to bet on the price of tritanium or how much veld will get sold in June. We're looking at sporting events, elections, and other big, international televised events. You can't call your friend and have him swing those :) _ BET ISK ON ANYTHING AT ALL
Ix Forres	Posted - 2008.04.25 18:28:00 - [17] As the writer of the actual website, I endorse this fully and will happily sign my name on it with my main . I can assure you that all involved are operating transparently and that the website is solid. The technology behind it is the same stuff behind ISKsense, another website I wrote, which runs services for EVE Files, EVE Central, and 90 other EVE websites, now in it's 6th month of operation. Get in there and win yourselves some money. Feature suggestions can be directed at Sergio or myself, of course. Blog
Zirconium Blade Ass Pounding Space Monkeys	Posted - 2008.04.25 18:31:00 - [18] I thought RLS stood for Real Life Sex and would be a very interesting addition to EVE
Karando Random Goods	Posted - 2008.04.25 18:32:00 - [19] Originally by: Faife at ten percent cut, it's a scam but one that works exactly as detailed by op, heh Making money out of business is not a scam.
Patch86 Di-Tron Heavy Industries Atlas Alliance	Posted - 2008.04.25 18:33:00 - [20] I wonder idly if this is legal. I seem to remember people getting slapped down before for people using ISK to buy out-of-game services on a EULA basis. This might fit under the same bracket. I hope not though, it seems like an awesome idea. ------ Originally by: Dark Shikari The problem with killing Jesus is he always just respawns 3 days later anyways.
KungFU Trader	Posted - 2008.04.25 18:38:00 - [21] Ok so this is for all out of EVE activitie then..Real life foot ball and soccer games cricket. Real life elections markets etc etc. So basically because one is broke cash wise one can bet isk wise on RL avenues and win more isk. IF a person picks an event to bet on the website then he then gives that isk to your alt.. The event is then watched and the payout calculated in the finish of said event. You take 10% of total bets made for keeping track of event and plugging in event details and keeping track of all bets. At end of event whoever gets a payout by whatever amount they win is then manually paid by you to them for winning the event etc. Ok well tbh if I were you I would have a bet cap. Last thing you need is stupid people betting 100's of millions of isk and losing it then come screaming back to ccp they get scammed and you have egg on your face. I would highly encourage that and people can bet more as they prove they can be somewhat responsible with what they are doing. Reason I say this is even RL casinos are always watching for people that lose control and actually remove them from the premises and even help them get in contact with gamble groups to help out. With the site comes your responsiblity to overwatch what people do which some would say no but Id say yes because you want to keep a good reputation with the community Well I cant say I will do it but as long as its a very controlled very TRANSPARENT setup that allows people to see all LOSES and WINS made that day and total payouts so people can contact other people and make sure its all legit. Being transparent can be a pain in the butt but it does nothing but good for your reputation
Sergio Ling Veto.	Posted - 2008.04.25 18:48:00 - [22] Originally by: KungFU Trader Ok so this is for all out of EVE activitie then..Real life foot ball and soccer games cricket. Real life elections markets etc etc. So basically because one is broke cash wise one can bet isk wise on RL avenues and win more isk. IF a person picks an event to bet on the website then he then gives that isk to your alt.. The event is then watched and the payout calculated in the finish of said event. You take 10% of total bets made for keeping track of event and plugging in event details and keeping track of all bets. At end of event whoever gets a payout by whatever amount they win is then manually paid by you to them for winning the event etc. Ok well tbh if I were you I would have a bet cap. Last thing you need is stupid people betting 100's of millions of isk and losing it then come screaming back to ccp they get scammed and you have egg on your face. I would highly encourage that and people can bet more as they prove they can be somewhat responsible with what they are doing. Reason I say this is even RL casinos are always watching for people that lose control and actually remove them from the premises and even help them get in contact with gamble groups to help out. With the site comes your responsiblity to overwatch what people do which some would say no but Id say yes because you want to keep a good reputation with the community Well I cant say I will do it but as long as its a very controlled very TRANSPARENT setup that allows people to see all LOSES and WINS made that day and total payouts so people can contact other people and make sure its all legit. Being transparent can be a pain in the butt but it does nothing but good for your reputation Every month we'll publish a full report, regasrding bets, winners, losers and payouts. as for people betting too much, the TOS on our site says that if you're making a large bet, pelase contact us first.
Ix Forres Caldari Vanguard Frontiers Imperial Republic Of the North	Posted - 2008.04.25 19:17:00 - [23] Originally by: Patch86 I wonder idly if this is legal. I seem to remember people getting slapped down before for people using ISK to buy out-of-game services on a EULA basis. This might fit under the same bracket. I hope not though, it seems like an awesome idea. ISKsense, a service I have run which uses ISK to pay webmasters for adverts on their websites (For EVE related sites/adverts only), has been around for a while now and CCP are aware of it. There's nothing in the ToS or EULA to prohibit such activity, as the money stays within EVE and is merely being traded between players directly through a web service. Blog
Fofalus Baptism oF Fire	Posted - 2008.04.25 19:18:00 - [24] With the votes of confidence (Loxy Chribba Entity etc [missing phoenix pryde thought]) I would probably bet my first born if I could. Can I?
Ix Forres Caldari Vanguard Frontiers Imperial Republic Of the North	Posted - 2008.04.25 19:22:00 - [25] Originally by: Fofalus With the votes of confidence (Loxy Chribba Entity etc [missing phoenix pryde thought]) I would probably bet my first born if I could. Can I? I think that would count as a large bet. Better fire an EVEmail off to confirm it. And don't forget to convert your first born to ISK, too... Blog
Nielas	Posted - 2008.04.25 19:26:00 - [26] Originally by: Ix Forres Originally by: Patch86 I wonder idly if this is legal. I seem to remember people getting slapped down before for people using ISK to buy out-of-game services on a EULA basis. This might fit under the same bracket. I hope not though, it seems like an awesome idea. ISKsense, a service I have run which uses ISK to pay webmasters for adverts on their websites (For EVE related sites/adverts only), has been around for a while now and CCP are aware of it. There's nothing in the ToS or EULA to prohibit such activity, as the money stays within EVE and is merely being traded between players directly through a web service. Now, if you live in the US would you be breaking US internet gambling laws by participating?
Cordran Li Gallente The Really Awesome Players Privateer Alliance	Posted - 2008.04.25 19:33:00 - [27] This is an awesome idea.
Ix Forres Caldari Vanguard Frontiers Imperial Republic Of the North	Posted - 2008.04.25 19:53:00 - [28] Originally by: Nielas Now, if you live in the US would you be breaking US internet gambling laws by participating? That I do not know about. As it's a virtual service and you're not actually transferring anything you own, as ISK is 'owned' by CCP, you should be covered. Get a lawyer if you're concerned, but I'd be highly doubtful of you breaking any laws.
Salvis Tallan Gallente The Shadow Order SMASH Alliance	Posted - 2008.04.25 20:19:00 - [29] Nice idea! Just wait till next alliance tourny.
Omber Zombie Gallente Frontier Technologies	Posted - 2008.04.25 20:25:00 - [30] nice job guys, it's the same system I used to use for the alliance tourney betting - but more automated Might want to check with CCP tho - I know a few people who started similar things and were told to 'cease & desist' due to gambling on RL events being a violation of the eula (or something like that)
Viper ShizzIe The Illuminati.	Posted - 2008.04.25 20:32:00 - [31] Originally by: Entity Edited by: Entity on 25/04/2008 18:19:07 This site/concept/thread gets Entity's Seal of ApprovalÖ! Unfortunately I was not paid to write this recommendation so this mediocre one will have to do! (seriously though, go ~~lose~~ win some money people) ♥ This.
Stubnitz Ataraxia.	Posted - 2008.04.25 20:37:00 - [32] Yet another way for me to lose isk. Seriously though, great idea guys:)
Sergio Ling Veto.	Posted - 2008.04.25 22:28:00 - [33] OP Updated with a list of current betting pools, including one regarding who the Fifth Cylon is (ty to rilcon). _ BET ISK ON ANYTHING AT ALL
Pantheon Lea Farmer Boyz	Posted - 2008.04.25 23:00:00 - [34] Where does the ISK's go if there is no winner... Pantheon Lea
Verone Veto Corp	Posted - 2008.04.25 23:35:00 - [35] As Sergio's CEO, we've spoken about this and what it means to the reputation of Veto Corp and whether or not we can be trusted. I trust Sergio's word enough to give my full approval and endorsement for RLS, it holds the Veto Corp guarantee that no one will be ripped off or short changed. Awesome work getting it up and running guys.
Sergio Ling Veto.	Posted - 2008.04.25 23:51:00 - [36] Originally by: Pantheon Lea Where does the ISK's go if there is no winner... We haven't decided yet, but we'll have a ruling by the time any of the bets end. What we do know is that if everyone backs the winner, a complete refund is done, and RLS take no cut.
Audrea Veto. Academy Veto Corp	Posted - 2008.04.26 00:43:00 - [37] Thumbs up for a great idea! (and a bump! )
GarbleGarble	Posted - 2008.04.26 04:25:00 - [38] A ten percent rake is a ******* scam.
Rilcon Vanguard Frontiers Imperial Republic Of the North	Posted - 2008.04.26 13:11:00 - [39] Originally by: GarbleGarble A ten percent rake is a ******* scam. Have you checked what the percentage is on "real" lotteries/sweepstakes? 10% is nothing compared to those. And speaking of real world lotteries / gambles, I haven't gambled a penny in my life, but I've been betting ISK for the most random things for over three years now. 'Tis about time this went from beyond IRC / Corp channel and into something bigger.
R0ot Eternity INC. Mercenary Coalition	Posted - 2008.04.26 13:47:00 - [40] Registered, will place a few bets later on. Nice idea
Cordran Li Gallente The Really Awesome Players Privateer Alliance	Posted - 2008.04.26 13:50:00 - [41] Registered and placed some bets :)
Sergio Ling Veto.	Posted - 2008.04.26 14:07:00 - [42] Originally by: Cordran Li Registered and placed some bets :) Originally by: R0ot Registered, will place a few bets later on. Nice idea Very Happy This is the beauty of the system, and the reason for its design. It's not about betting hundreds of millions to swing things, it's just about a casual flutter on something that interests you, no hassle, no fuss, no complications. Wanna bet 1M / 5M / 10M / 25M. all the bets are worth entering, andevery time someone bets, it just means there's more to be won, so popularity will do nothing but increase payouts and profits. _ BET ISK ON ANYTHING AT ALL
MarleWH	Posted - 2008.04.26 16:53:00 - [43] This is cool and I think I will partake.
sesanti Minmatar Universal Exports FOUNDATI0N	Posted - 2008.04.26 16:56:00 - [44] Edited by: sesanti on 26/04/2008 16:58:37 Nice idea, I have already registered and bet a very small sum! And since it's backed by VETO's rep. I would dare say it's not a scam.
MarleWH	Posted - 2008.04.26 17:26:00 - [45] Although I see a possibility of exploiting this, ad I am sure I will see evidence of it soon, but won't say it in case people get ideas :p
Sergio Ling Veto.	Posted - 2008.04.26 20:28:00 - [46] In 24hrs we've taken about 40 bets, totalling over 140M ISK. I'd like to thank all the people who have said good things in the posts above :). It's been a while in development, and there's still a few things we'll have to tweak as we learn of them, but it looks to be going well. _ BET ISK ON ANYTHING AT ALL
Zeba Minmatar Pator Tech School	Posted - 2008.04.26 20:53:00 - [47] Originally by: MarleWH Although I see a possibility of exploiting this, ad I am sure I will see evidence of it soon, but won't say it in case people get ideas :p Indeed. Thought up a few whilst reading the thread. So be careful about what you bet on. ^^ Otherwise its a fine initiative. inappropriate signature. ~WeatherMan
Derek 1337	Posted - 2008.04.27 12:21:00 - [48] A service I'll be using. A well thought-out system, and well implemented. Well done IXForres tbh.
Fink Angel Caldari The Merry Men	Posted - 2008.04.27 12:37:00 - [49] On the off chance anyone is interested, in the UK this type of betting is known as The Tote. Basically it was originally set up to stop bookmakers from "fiddling" the odds and therefore giving punters a bad deal. The odds are set by your fellow punters basically. http://en.wikipedia.org/wiki/The_Tote So it does have precedent in RL and seems like a good plan to me.
Mercata	Posted - 2008.04.27 14:50:00 - [50] placed a bet or two :)
uoY delliK The Conflagration	Posted - 2008.04.27 17:17:00 - [51] Edited by: uoY delliK on 27/04/2008 17:19:48 Just something I didnt notice you mention... What if there is no winner? "Council of Stellar Management [EVE] Many will be elected to the council, but who will be chosen as Chairman?" With such an incredibly vague question... With nearly endless possibilities, what happens if there isnt a winner? Does house keep the cut, and refund everyone's money -10%? Or does house win? Just something that I think should be addressed. ****edit: i just noticed someone else ask the question... regardless of legitimacy, its a scam.. house keeping bets, if theres no winner is ridiculous... The chairman question has 63 possible answers. Its almost pretentious to assume 63 people are going to make a bet.
Sergio Ling Veto.	Posted - 2008.04.27 17:24:00 - [52] Originally by: uoY delliK Edited by: uoY delliK on 27/04/2008 17:19:48 Just something I didnt notice you mention... What if there is no winner? "Council of Stellar Management [EVE] Many will be elected to the council, but who will be chosen as Chairman?" With such an incredibly vague question... With nearly endless possibilities, what happens if there isnt a winner? Does house keep the cut, and refund everyone's money -10%? Or does house win? Just something that I think should be addressed. ****edit: i just noticed someone else ask the question... regardless of legitimacy, its a scam.. house keeping bets, if theres no winner is ridiculous... The chairman question has 63 possible answers. Its almost pretentious to assume 63 people are going to make a bet. You'd expect us to refund everyone's bets if no-one chooses a winner? Quite the opposite, of course we keep it. Look at it the other way around - you bet 5m ISK, and didn't win. So you get nothing. Whether someone else wins, or the house wins, you still lost.
uoY delliK The Conflagration	Posted - 2008.04.27 17:58:00 - [53] Its more to the issue, that with 63 answers... You stand to gain a relatively substantial amount of isk, just cause you're doing such vague questions... How about: What number of I thinking of between 1-10,000? Your rules, are geared more towards a largely popular betting site... My advice, would be amend the rules, once you're filling up every answer with atleast one bet... Then perhaps it wouldnt seem like such a sham. That or dont do questions with 63 answers... I highly doubt you're going to get 63 bets on that question cause its one of those shots in the dark. Perhaps a question with fewer answers... Either way, I think its BS that you're keeping isk for no right answer... That is all.
Ix Forres Caldari Vanguard Frontiers Imperial Republic Of the North	Posted - 2008.04.27 18:53:00 - [54] Originally by: uoY delliK Edited by: uoY delliK on 27/04/2008 17:19:48 Just something I didnt notice you mention... What if there is no winner? "Council of Stellar Management [EVE] Many will be elected to the council, but who will be chosen as Chairman?" With such an incredibly vague question... With nearly endless possibilities, what happens if there isnt a winner? Does house keep the cut, and refund everyone's money -10%? Or does house win? How is that a vauge question? There will be one chairman position, decided by the methods CCP have laid out, and if you put your money on the right person you win. What on earth is vauge about that? If I said 'Many will be elected, but which one will be the most popular person with the voters (Not the number of votes)', that'd be vauge. Pools here have to have a definitive answer. As for the rest of your post, see Sergio's comments on the house taking all in the case of nobody winning. Very unlikely that'll ever happen... Blog
Sergio Ling Veto.	Posted - 2008.04.27 21:50:00 - [55] uoY delliK, that's 15 ISK well spent, I tell you now. _ BET ISK ON ANYTHING AT ALL
Xinfinity The Scope	Posted - 2008.04.29 16:59:00 - [56] Made a bet. why is this buried in this forum?
Lady Ghoulia Eternal-Darkness	Posted - 2008.04.29 21:01:00 - [57] My bet on Champion's League is a bust now :(
Megan Maynard Minmatar Out of Order	Posted - 2008.04.30 06:28:00 - [58] This will get more interesting come football time......... Would be cool to bet on weekly games. Miz Stelth Bomerz iz the ****nit.
Gpick	Posted - 2008.05.01 22:14:00 - [59] I really like this idea and may even try a few bets myself but is it likely that you may lower the 10% cut to a lower % if the system becomes more popular?
Mercata	Posted - 2008.05.02 23:49:00 - [60] Needs a few more pools I tihnk. How do we get more on?
Messerschmitt facility Amarr Shinra Shinra Alliance	Posted - 2008.05.03 04:05:00 - [61] So basicaly if you bet 1 isk into an empty slot and you win, you can pretty much screw everybody else and take their 100 mil pot eh?
Alex Tyran	Posted - 2008.05.03 09:12:00 - [62] Originally by: GarbleGarble A ten percent rake is a ******* scam. They outright tell you it's 10%. Where's the dishonesty? Where's the "scam?" You might think it's a ripoff but that's something different, and I'd personally still disagree.
Xinfinity The Scope	Posted - 2008.05.03 14:23:00 - [63] Originally by: Messerschmitt facility So basicaly if you bet 1 isk into an empty slot and you win, you can pretty much screw everybody else and take their 100 mil pot eh? you're not screwing everyone. people only lose money if they bet wrong, and that's the bottom line.
Coming Rightup	Posted - 2008.05.10 05:03:00 - [64] What if the position of Chairman gets cancelled by CCP, or something about the whole CSM changes and breaks the betting. Do you refund then?
Swamp Ziro GoonFleet GoonSwarm	Posted - 2008.05.13 09:55:00 - [65] Requesting for the betting to stop a fair amount of time in advance to the end of the election, the final bets be screenshotted and posted in this thread, as to make it impossible for the owner of this site to rig the betting and place a bet of his own and get a percentage of the winnings, after the winning bracket is announced
KrazyTaco AnTi. Atrocitas	Posted - 2008.05.22 02:51:00 - [66] Wanted to go ahead and bump this while reaffirming that this isn't a scam. I just received winnings from the CSM bet I made a while back. Great thing you have going on here RLS team :)
tonkaboy	Posted - 2008.06.03 00:26:00 - [67] Great idea
Elise Randolph Slacker Industries Cruel Intentions	Posted - 2008.06.04 04:43:00 - [68] This idea is win. ---------- I need a good sig, someone make one for me.
Pacific Theme	Posted - 2008.06.08 01:14:00 - [69] So if 700 people bet 50M total on Option A and 1 person bets 1 ISK on Option B which is the winner, after your cut, the single better on Option B makes 45M ISK?
S3dINSTBE Secret Criminal Underground Movement	Posted - 2008.06.09 00:52:00 - [70] Edited by: S3dINSTBE on 09/06/2008 00:54:25 The more I look at this thread the more I feel like throwing some money away. MUST RESIST URGE TO BLOW MY ISK. Nice idea tho. Recruitment
Sergio Ling Veto.	Posted - 2008.06.09 11:02:00 - [71] Originally by: Pacific Theme So if 700 people bet 50M total on Option A and 1 person bets 1 ISK on Option B which is the winner, after your cut, the single better on Option B makes 45M ISK? if he's the only winner, yes, he gets the winning minus our cut. _ BET ISK ON ANYTHING AT ALL
Noxarus KINGS OF EDEN The Threshold	Posted - 2008.06.14 23:32:00 - [72] Great idea, I'd love to make some isk like this. I registered on the site and couldnt see where to make suggestions/contact, so I'll suggest it here - It'd be great if you could add mma/ufc bets to it, I for one would definately use the service alot more if it was added.
Stubnitz Ataraxia.	Posted - 2008.06.20 14:42:00 - [73] I'm still enjoying this service, 3 bets placed 2 won, just need Croatia to win the euros now:) oh and for the person that put 1 isk on every team in the NBA pool apart from Boston, unlucky mate
Jane Retail	Posted - 2008.06.23 13:42:00 - [74] Originally by: Stubnitz ..just need Croatia to win the euros now:) Fail I will give this product a try, i promise
Stubnitz Ataraxia.	Posted - 2008.06.23 23:10:00 - [75] Originally by: Jane Retail Originally by: Stubnitz ..just need Croatia to win the euros now:) Fail I had a strong feeling whilst posting i would regret saying that Just need Russia to win the euros now

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