Quote:
Originally Posted by Mike Haven
I'd suggest setting up a non-profit Parimutuel book, before the series starts, to let all and everyone, (players and railers), bet on who they think will finish with the most points. (If someone not in the book has more points at the end than those in the book, they are disregarded, for the purposes of the book. Everyone intending to play in the series should announce their intention, asap, to be included in the book.)
For example, using only last year's finalists, the book might end with
Jal1979 $500
CliveBixby $400
Crushing $700
stover33 $500
MojitoClown2 $600
YouPayMyRent $1000
BigSlickAK $200
Carl_LaFong $100
Prep04 $400
Total bet: $4400
If Carl_LaFong was the eventual most points winner, then the payout would be $4400/$100 = $44 per $1 bet on him.
Or, if YouPayMyRent was the eventual most points winner, then the payout would be $4400/$1000 = $4.40 per $1 bet on him.
If the book had run last year, as above, everyone betting on Jal1979 would have received $8.80 per $1 bet on him. (Assuming he had the most points - I forgot to check.)
We would need a reliable escrow to hold our bets for the next 10 months or so.
I'd be happy to give up-to-date "odds" for bets already taken, as an indicator for potential bettors. I doubt if I could be the escrow, but perhaps a respected mod like BBB might offer.
As no one, (to my knowledge), has made a bet yet, we can change the rules a bit and still start a book now even though we've seen the results of the first three tournaments.
In theory, there could be 18 finalists in the BANJO Championship game, (see the Rules in the OP), especially if the guaranteed seat players decide to sit out for the rest of the series. (Hopefully, they won't.) For the same reason, it's possible that the eventual highest points winner could be "manipulated" a little, intentionally or not, so, instead of us betting on who will be the eventual highest points winner, I would suggest we bet on who will be the eventual "Bubble Boy", (BB), with 1% of the total fund gathered by our bets being paid to the actual BB as a "consolation prize", whether or not he has been named in the betting. (Payouts would go to the bettors who named the player nearest to the BB who didn't qualify, if there were no bets on the actual BB; or to the lowest points qualifier if there were no bets on eventual non-qualifiers.)
For example, the book might end with:
Jal1979 $500
CliveBixby $400
Crushing $600
stover33 $500
MojitoClown2 $600
YouPayMyRent $1000
BigSlickAK $200
Carl_LaFong $100
Prep04 $400
Henter $100
Total bet: $4400
If Henter is the BB, (again), he would receive $44.
If Carl_LaFong is the eventual BB, then the payout would be $4356/$100 = $43.56 per $1 bet on him.
Or, if YouPayMyRent is the eventual BB, then the payout would be $4356/$1000 = $4.356 per $1 bet on him.
If the book had run last year, as above, everyone betting on Henter would have received $4356/$100 = $43.56 per $1 bet on him.
If anyone is interested, bets should be placed before the start of this month's game on 31 May.
I'll kick it off by betting $10 on stover33 being the eventual BB.
*
Estimated payout to date:
stover - $0.99 per $1 bet