Tweet
Originally posted by Hearnsz in the betting section. I thought it was a good idea so I decided to repost it here:
Hey everyone, I developed a completely fair, simple and fun betting system!
Everyone with 100K can enter.
Here are the rules:
- Everyone throws in 100K and chooses his favourite to win the tourney.
- If you're choice wins, you win ALL the money, divided by the amount of betters that won.
- If you're choice loses, you lose.
- The house (me) will take 10% of what ONE winner gets. Note that this is not for personal selfish interests. I plan to organize more lotteries in the future. With a personal investment I can make it even more interesting. (winner gets even more and losers get a refund etc...)
Here's an example of how it could go down:
11 Mikkel Kessler
6 Carl Froch
3 Jermain Taylor
5 Andre Ward
7 Arthur Abraham
2 Andre Dirrell
34 TOTAL betters = 3,400,000 points
EXAMPLE ONE
Lets say the obvious favourite Kessler wins.
3,400,000/11 - 10% = 309,091 - 30,909 = 278,182
ALL 11 WINNERS takes home 278,182. Thats 2,8 times his investment! And it was a pretty sure bet as he bet on the obvious favourite!
EXAMPLE TWO
Lets say the underdog Andre Dirrell wins.
3,400,000/2 - 10% = 1,700,000 - 170,000 = 1,530,000
EVERY WINNER takes home 1,530,000. That's more than 15 times his investment! It was a risky bet though, as he bet on the obvious underdog.
Chances to win are pretty high as you can see.
May I remind you once again that the 10% wont be for my personal use, but to make the prizes in future lotteries even higher!
To enter this lottery, simply reply and say who you bet for.
May the one with the best eye for boxing win!
Hey everyone, I developed a completely fair, simple and fun betting system!
Everyone with 100K can enter.
Here are the rules:
- Everyone throws in 100K and chooses his favourite to win the tourney.
- If you're choice wins, you win ALL the money, divided by the amount of betters that won.
- If you're choice loses, you lose.
- The house (me) will take 10% of what ONE winner gets. Note that this is not for personal selfish interests. I plan to organize more lotteries in the future. With a personal investment I can make it even more interesting. (winner gets even more and losers get a refund etc...)
Here's an example of how it could go down:
11 Mikkel Kessler
6 Carl Froch
3 Jermain Taylor
5 Andre Ward
7 Arthur Abraham
2 Andre Dirrell
34 TOTAL betters = 3,400,000 points
EXAMPLE ONE
Lets say the obvious favourite Kessler wins.
3,400,000/11 - 10% = 309,091 - 30,909 = 278,182
ALL 11 WINNERS takes home 278,182. Thats 2,8 times his investment! And it was a pretty sure bet as he bet on the obvious favourite!
EXAMPLE TWO
Lets say the underdog Andre Dirrell wins.
3,400,000/2 - 10% = 1,700,000 - 170,000 = 1,530,000
EVERY WINNER takes home 1,530,000. That's more than 15 times his investment! It was a risky bet though, as he bet on the obvious underdog.
Chances to win are pretty high as you can see.
May I remind you once again that the 10% wont be for my personal use, but to make the prizes in future lotteries even higher!
To enter this lottery, simply reply and say who you bet for.
May the one with the best eye for boxing win!