Eggplant Posted June 17, 2015 Share Posted June 17, 2015 Hey guys! So, since MVP cup isn't officially happening supported by Thinkie, we just gotta make our own! We're going to have a 16-man tournament featuring 2 players per team! Managers are free to take one of those spots. We're going to allow users to bet on the team they think will win. Bet winnings will be distributed to whoever won their bets, but a share of it will go to the winners as incentive to do their best! The more hype, the bigger the prize! Probably something like 10% of the pool goes to the winning team. The bracket format is TBD, probably full OU, tier shift OU/UU, or double elim with losers' bracket UU. Open to suggestions. That's all! ______________ Now for spectators, this is how betting will work. You'll be free to bet on any team, and give the money to any staff member (who agrees to help me), who'll take note of your bet and add the money to the pool. People who bet on a losing team, lose their money. If you win, however, this is how winnings are distributed Example: Darkshade vs Zehkar Noad bets 20k on Zehkar from Team Eggplant Fanclub Eggplant bets 50k on Zehkar from Team Eggplant Fanclub Ronax bets 50k on Zehkar from Team Eggplant Fanclub RacheLucario bets 100k on Darkshade from Team Hats OP LeTyrone bets 30k on Darkshade from Team Hats OP The pool adds up to 250k. 25k would be given to the winning duo. Say, Zehkar wins because DS is a pleb. Noad's bet represents 16.6% of the amount of bets on Team Eggplant Fanclub, so she would get 16.6% of the remaining pool. = 41500 $ The more you bet on a team, the more money you'll get out of it. The less people bet on the same team as you, the more money you'll get out of it. The larger the pool, the more money you'll get out of it! Discuss. SirAlbert, jayfeatskydd, KaynineXL and 6 others 9 Link to comment
Gilan Posted June 17, 2015 Share Posted June 17, 2015 wait... So if 100 people bet on Me to win, each putting $5 in, and 1 person bet on Kingbowser to win, putting in $5 as well. Then when KB wins, does that 1 person take away $505? Perhaps you should put a cap on how much someone can win based on how much they staked? i.e. you can only double (or triple) your money, then the rest is proportionally given away to the losers based on their stakes. Just a thought. Link to comment
Eggplant Posted June 17, 2015 Author Share Posted June 17, 2015 wait... So if 100 people bet on Me to win, each putting $5 in, and 1 person bet on Kingbowser to win, putting in $5 as well. Then when KB wins, does that 1 person take away $505? Perhaps you should put a cap on how much someone can win based on how much they staked? i.e. you can only double (or triple) your money, then the rest is proportionally given away to the losers based on their stakes. Just a thought. Nope, that person would totally win 505. No way around it. It's absolutely fair. If there's such a wide gap in the amount of bets, it's probably for good reason. The person with the lesser amount of bets is probably the one less likely to win. Making it more of a gamble to bet on him. Making winning a lot of money well-deserved. You see, these 100 people betting on you are basically guaranteed to win the bet because you'll steamroll over bowser so hard. Since they're all taking such an insanely safe bet, there's not much to gain out of it. They'll split that $5 amongst all of them. However, that guy who bet on bowser is so out of his mind to bet on him. It's a pity bet at this point. Literally throwing away money. But if his guy turns out to win, it's natural he'd hit a jackpot for having basically gambled on throwing away money. Think roulette. If you bet on "black", 50/50 to win, you double your money. Bet on "21 red", 1/36 to win, money is multiplied by 36. I know zero is a thing but whatever. Kiliminati, DoubleJ and Gilan 3 Link to comment
Gilan Posted June 17, 2015 Share Posted June 17, 2015 Nope, that person would totally win 505. No way around it. It's absolutely fair. If there's such a wide gap in the amount of bets, it's probably for good reason. The person with the lesser amount of bets is probably the one less likely to win. Making it more of a gamble to bet on him. Making winning a lot of money well-deserved. You see, these 100 people betting on you are basically guaranteed to win the bet because you'll steamroll over bowser so hard. Since they're all taking such an insanely safe bet, there's not much to gain out of it. They'll split that $5 amongst all of them. However, that guy who bet on bowser is so out of his mind to bet on him. It's a pity bet at this point. Literally throwing away money. But if his guy turns out to win, it's natural he'd hit a jackpot for having basically gambled on throwing away money. Think roulette. If you bet on "black", 50/50 to win, you double your money. Bet on "21 red", 1/36 to win, money is multiplied by 36. I know zero is a thing but whatever. let me put it another way, that's a bit more extreme. Let's say each of the 100 bet $1mil on me. And the 1 guy bet $1 on Bowser. When Bowser wins, does that 1 guy get $100,000,001? see what I mean? Eggplant 1 Link to comment
Eggplant Posted June 17, 2015 Author Share Posted June 17, 2015 let me put it another way, that's a bit more extreme. Let's say each of the 100 bet $1mil on me. And the 1 guy bet $1 on Bowser. When Bowser wins, does that 1 guy get $100,000,001? see what I mean? Yes. He'll win 100 mil. No issue with that! But if it really goes that extreme, chances are someone else will bet $100 on bowser to snag most of the profit. People will bet on the "low bet" guy simply on the off chance that he wins, if their bet can represent a majority of the pool. It'll balance itself out. Also, the players selected won't have that much of a skill gap, since they're handpicked. Don't really see this happening. Gilan 1 Link to comment
Gilan Posted June 17, 2015 Share Posted June 17, 2015 Yes. He'll win 100 mil. No issue with that! But if it really goes that extreme, chances are someone else will bet $100 on bowser to snag most of the profit. People will bet on the "low bet" guy simply on the off chance that he wins, if their bet can represent a majority of the pool. It'll balance itself out. Also, the players selected won't have that much of a skill gap, since they're handpicked. Don't really see this happening. You never know :ph34r: :ph34r: :ph34r: :ph34r: Link to comment
yangsam Posted June 17, 2015 Share Posted June 17, 2015 Not a good idea, doubt there gonna be volunteers to play unless they get paid . Link to comment
Eggplant Posted June 17, 2015 Author Share Posted June 17, 2015 but... they get paid KaynineXL 1 Link to comment
fredrichnietze Posted June 17, 2015 Share Posted June 17, 2015 on one hand couldnt you just bet with so and so separately and the winner of the match is cut out completely? also LF best out of 3 each player uses the same team all rounds. and this sounds like this could be fun. Link to comment
Kizhaz Posted June 17, 2015 Share Posted June 17, 2015 So similar to twitch plays pokemon. I like it, ways to make money is always appreciated. Platoons and Eggplant 2 Link to comment
Eggplant Posted June 17, 2015 Author Share Posted June 17, 2015 So similar to twitch plays pokemon. I like it, ways to make money is always appreciated. -people to tell me this is ripped off of somewhere else. because it is Got a winner Kizhaz 1 Link to comment
SpartacusGD Posted June 17, 2015 Share Posted June 17, 2015 I like the idea, so basically those who bet on the underdog gets their cash multiplied? Or did i screw up my math here Eggplant 1 Link to comment
Winterbrah Posted June 17, 2015 Share Posted June 17, 2015 Underdog checking in Goldeneyes, Platoons, dedegendut and 4 others 7 Link to comment
TJXD Posted June 17, 2015 Share Posted June 17, 2015 Underdog checking in cavs fan pls Link to comment
DaftCoolio Posted June 17, 2015 Share Posted June 17, 2015 Dynamic tiers? maybe some showdown battles? Link to comment
gbwead Posted June 17, 2015 Share Posted June 17, 2015 What happens if only 1 person bets? Does that mean that he would get back his money minus 10% that goes to the winner? Link to comment
ThinkNice Posted June 17, 2015 Share Posted June 17, 2015 What happens if only 1 person bets? Does that mean that he would get back his money minus 10% that goes to the winner?there is no point in betting if there are only bets for one side BurntZebra 1 Link to comment
Rigamorty Posted June 17, 2015 Share Posted June 17, 2015 Can I be my PSL team's MVP? But for serious I'd be willing to play. I feel it'd be cool to make a couple matches a week for people to bet on. Or maybe even just 1 to not have attention divided. Link to comment
DoubleJ Posted June 18, 2015 Share Posted June 18, 2015 (edited) I volunteer as tribute =) Bring on my opponent and may the bets rain down. EDIT: Any standard tier. Edited June 18, 2015 by DoubleJ Link to comment
KingBowser Posted June 18, 2015 Share Posted June 18, 2015 I volunteer as tribute =) Bring on my opponent and may the bets rain down. EDIT: Any standard tier. JJ can take my spot, wont be playing. Eggplant 1 Link to comment
shervinz Posted June 18, 2015 Share Posted June 18, 2015 I can definitely see people throwing games to make money. Link to comment
DoubleJ Posted June 18, 2015 Share Posted June 18, 2015 I can definitely see people throwing games to make money. One of the downsides, although I'm not going to do that just for a little pocket change. These are big time players I'm expecting to be matched against if this goes through and I don't want peeps to think they're better than me or that I threw. Link to comment
SpartacusGD Posted June 18, 2015 Share Posted June 18, 2015 thats why players who prefer glory and honor over cash should be the ones playing here, or else, yeah i can smell the throw Link to comment
BurntZebra Posted June 18, 2015 Share Posted June 18, 2015 thats why players who prefer glory and honor over cash should be the ones playing here, or else, yeah i can smell the throw mhm delicious throw up Link to comment
SpartacusGD Posted June 18, 2015 Share Posted June 18, 2015 mhm delicious throw up i thought you're part of the few people with mindset of gladiators who fight for glory Link to comment
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