Let me know if you're interested in doing this again (or for the first time). Feel free to forward to anyone else you think might be interested (but no jerks please).
Rules are below. Buy in is $20 (delivered via Paypal). **************************************************************** RULES 1. To start, every player puts in $20 of real money and receives $1,000 of play money. 2. The player can use this money to bet however they like in the first round. Some examples: One could put all their play money on one team One could spread it out evenly between all teams One could spread it out unevenly between only a few teams Or they could not bet at all and hold onto their play money for the next round The point is, you can bet that money however you like, on whatever teams you like in the tournament. 3. For each bet placed, you’re only picking the winner of that series. 4. If you pick wrong you lose all the play money you bet on that pick. 5. If you pick right you win in proportion to how much you bet alongside the other winners. For example: I bet $20 on Team A and there’s a total of $100 on the game (or series), yet I’m the only player that picked Team A, then I win all $100 for that game (or series). If another person picked Team A too, but bet $40 of their money, they’d win 2/3 of the pot and I’d win 1/3. If a third person had picked Team A and bet $20, the pot would be split 1/2, 1/4 and a 1/4. Conversely, if everyone had picked Team A, everyone just gets their money back. 6. Instructions, picks, etc. should be delivered to me before the start of each round. These picks are kept private until the round begins, then I publish them on a Google spreadsheet. I also make my picks before looking at anyone else's, so I don't get an unfair advantage. 7. At the end the round we total up how much money each player has, based on their winning picks and how much money they held in reserve. The more money a player wins, the more money they have to bet on the next round. The player with the most money wins the round. In case of a tie, the winners split any prize for the round. 8. At the end of each round each player receives an additional $200 in play money. This way no player can be out after any round (except the final round, of course). 9. This format is repeated for each round until the tournament is done. Prizes: 1st round (quarter finals) winner gets 30% of the pot 2nd round (semi finals) winner gets 20% of the pot 3rd round (conference finals) winner gets 10% of the pot 4th round (Stanley Cup finals) winner gets 40% of the pot Let me know if you have any questions ... and let me know if you're in. Feel free to forward it on to others ho think might be interested. ~alex +1 917 623 9131 -- You received this message because you are subscribed to the Google Groups "BKHockey" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/bkhockey?hl=en.
