Quote:
Originally Posted by xander biscuits
So here's my team:
How about an example of how something might go down using people/places from my team as the hypothetical?
Sure. I noticed yesterday an interesting thing about the Ohio teams: Cleveland, Cincinnati, Columbus and Toledo were all paying $250 per share. Today, Xander picks Cleveland so Cleveland drops to $200 per share. All four cities had 4 shares sold. $1000/4 = $250. Now there are 5 shares sold for Cleveland so $1000/5 = $200.
If someone were to follow Xander's example and pick Cleveland then Cleveland would drop to $167 (1000/6).
That's why it's best to display your picks - it should discourage others from picking the same city because the price just dropped.
NOTE: there are 50 tickets outstanding right now because I guaranteed a $1000 pool. These unsold tickets are placeholders that are replaced as actual tickets are bought. Obviously the placeholder that Xander replaced had no shares in those 4 Ohio cities. That placeholder did have 40 shares however so the payout price on those 40 cities just went up. Always check the odds after tickets are sold to look for bargains!