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***NCAA March Madness Spreads Pool***

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  1. Cubs567 Cubs567 is offline

    Chicago, IL
    United States

    Posts: 424
    Joined: Feb 06

    Feb 20th, 2010 (2/20/2010 2:52pm)

    I will be running a NCAA March Madness Spreads Pool (obv) this year. There will be three tier of buy-ins: $25, $50, $100. For those of you, who are unfamiliar with the rules of a spreads pool, please see below.

    Rules
    • For every buy-in, a player is able to choose a number (1-64). Once the brackets are assigned, I will randomly assign the numbers to specific teams via the "numbers in a hat" method.
    • Multiple buy-ins per person are permissible
    • If the number you have requested is unavailable, you will be assigned the next available number.
    • Each tier will have a different number sequence. For example, #10 in $25 tier will represent a different team than #10 in $100 tier.
    • Once the games begin, I will retrieve the spreads from Sportsbook.com at midnight (central time) before the upcoming day of the games to get the most accurate line.
    • From this point on, the team that advances is the team that either covers the spread or doesn't.
      • Example 1: If Duke (-5) plays Illinois first round and Duke beats Illinois 66-60. Duke advances and the person with that spot advances in the brackets.
      • Example 2: If Duke (-5) plays Illinois first round and Duke loses to Illinois 60-71, Illinois then advances in the tournament as does the person with that spot.
      • Example 3: If Duke (-5) plays Illinois first round and Duke beats Illinois 66-64, Duke advances in the tournament but the person with Illinois advances in the brackets. From this point on, the person who previously had Illinois is represent by Duke.
    • This type of swapping/not swapping continues on the entire tournament till it is over.
    Pool Conduction
    • If you want to participate, please post the following in this thread: "Stars Username," "Buy-in Level," "Amount of Buy-ins," "Number requested"
    • Transfers will only be accepted via pokerstars to "thedonator42 (Homer Glen)" to ensure completeness.
    • Numbers will only be assigned to a participant once the transfer is confirmed.
    • As said previously, Sportsbook.com will be the only source of lines throughout the entire tournament. If a line is unavailable through sportsbook.com, bodog.com will be used as a backup.
    • An Excel sheet through Google will be used to keep track of which numbers have been taken, seen here (Updated every day at midnight (central time) until the numbers are taken.)
    • Once the tournament begins, I will create separate brackets to show who has won and lost each day, also to be viewed as a Google document.
    • All monies will be paid out with 24 hours
    • Note: If for some reason a tier is not filled up by the time the tournament begins, I will refund the money owed within 24 hours.
    Payouts
    • Every team making it to the Elite 8, gets paid. I've done this multiple ways before, but Elite 8 works the best since it keeps more money in the prize pool while still paying out those who made it furthest.
    • Payouts
      • $25 Tier
        • Elite 8 - $50
        • Final 4 - $100
        • Championship Game - $200
        • Champion $400
      • $50 Tier
        • Elite 8 - $100
        • Final 4 - $200
        • Championship Game - $400
        • Champion $800
      • $100 Tier
        • Elite 8 - $200
        • Final 4 - $400
        • Championship Game - $800
        • Champion $1600
    • Just for clarification's sake let's say you win the championship game in the $100 Tier, you get back $200+$400+800+1600= $3,000
    Good luck to all who are participate.
  2. Cubs567 Cubs567 is offline

    Chicago, IL
    United States

    Posts: 424
    Joined: Feb 06

    Feb 21st, 2010 (2/21/2010 10:25am) in reply to Cubs567

    Is no one interested?

    I was also thinking about running a squares NCAA Madness if there is enough interest.

    /Let me know.
    Thread Starter
  3. wackyJaxon wackyJaxon is offline Admin X

    Vilnius
    Lithuania

    Posts: 12,260
    Joined: Apr 06

    Feb 21st, 2010 (2/21/2010 10:29am) in reply to Cubs567

      1 
  4. sickcoyote sickcoyote is offline

    GA
    United States

    Posts: 208
    Joined: Sep 06

    Feb 21st, 2010 (2/21/2010 10:37am) in reply to Cubs567

    And you get to pocket $175 no matter what happens? That is nice for you.
  5. ChocoThunder ChocoThunder is offline

    Lincoln, IL
    United States

    Posts: 13,927
    Joined: Feb 06

    Feb 21st, 2010 (2/21/2010 10:55am) in reply to Cubs567

    SCAAAAAAAAAAAAAAAAAAAAAMMMMMMMMMMMMMMER
  6. Cubs567 Cubs567 is offline

    Chicago, IL
    United States

    Posts: 424
    Joined: Feb 06

    Feb 21st, 2010 (2/21/2010 3:54pm) in reply to ChocoThunder

    Haha I'm not a scammer. I also worked changed the pay-out structure so that I don't take a cut.

    As for holding, I'm currently in the works of talking to someone from zonacrew.net who is reputable in OT. I want to obviously prevent a "Chaz" situation. Once I hear back from the potential holder, I'll let everyone know.
    Thread Starter
  7. DBo Fo Sho DBo Fo Sho is offline Taking advantage of Official Threads

    Scottsdale, AZ
    United States

    Posts: 8,991
    Joined: Jul 06

    Feb 21st, 2010 (2/21/2010 4:28pm) in reply to Cubs567

    can you fix the formatting for the rules so i can read it without wanting to kill myself
  8. Cubs567 Cubs567 is offline

    Chicago, IL
    United States

    Posts: 424
    Joined: Feb 06

    Feb 22nd, 2010 (2/22/2010 2:04pm) in reply to DBo Fo Sho

     
    Originally Posted by DBo Fo Sho View Post

    can you fix the formatting for the rules so i can read it without wanting to kill myself

    Fixed.

    Also looking for an legit OT'er to hold. I'm just getting back in the online game, so if there is a general consensus on someone holding, I'm down for that.
    Thread Starter
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