Lensky1917 wrote:Wait, so there's no reward for doing this? 
WTF am I doing here than?! 
By the way, I'd be all too happy to take your $500. 
LOL, I haven't been in the league for 2 years on account of poverty.
The way it worked was everyone put in $500 and got a certain amount of points. It changed, but the last year it was 10,000.
So then you bet with the points from the start of the season.
Before the playoffs, you'd have the option of going out with the points you had, if they equaled 10,000 or more, you'd be able to get back your $500. For those choosing to play in the playoffs, you risked losing points as you had to make minimum bets on each playoff game.
The guy with the most points would take the money lost by others.
To clear it up if you're confused:
Start out 10,000 points for betting.
Bet on however many games you want in regular season, if you don't go under 10,000, you can take $500 back before playoffs, if not you risk points.
In playoffs, you must bet on every playoff game at least a minimum ( I believe it was 1,000 points ).
Obviously many would go under 10,000 points and thus the winner would take the losing points.
Now, there was a year where the winner had something like 9,750 points. That was good enough for the lead and he took all the leftover points from people who had like, 3,000 points.
If you do simple math, $500 divided by 10,000 is 5 cents per points.
Obviously having the " 10,000 or more points to bail out " policy meant many didn't have the chance to bail out and had to stick around.
I never won, but the best I did was finish with 10,250 points and get my $500 back.
- By FiveofSwords
- By Pants-of-dog
- By Unthinking Majority
- By Rancid