The Game
Making Picks:
Once logged in, players can:
-View current weekly pick with 10 legs
-Choose option A or B for each leg
-Wager points on each leg (minimum 1 point)
-See their points balance and the total pool
Game Rules:
-Must select an option and wager on all 10 legs
-Up to 10 submissions allowed per player per week
-Picks lock 5 minutes before start of the first leg
-Winners share the pool for each leg proportionally based on their wagers
Tournament:
-Players are scored on their Return On Investment(ROI = Winnings/Bets), Total Balance, and Correct Picks.
-To qualify for the Tournament and Jackpot payout players must participate in at least 14 of the 18 weeks.
Bye Weeks:
If you don't feel confident about this weeks games, take a Bye. Players are allowed 4 Bye weeks for the Tournament. To take a Bye week you simply don't make a submission for the week.
Points & Wagering System
How It Works
Starting Points:
Each player begins with 2000 points.
Wagering:
Players wager points on each leg (minimum 1 point per leg).
Pool:
All wagers for each leg create that leg's prize pool.
Jackpot:
-10% of all wagers automatically go to the growing jackpot
-Legs with no winners add their entire pool to the jackpot
-Remaining funds after payouts go to the jackpot
Pick'em:
-If a player chooses the correct winner on all 10 legs for the week they will get 1000 points paid out of the jackpot.
-Player will only win one 1000 bonus per week regardless of how many winning submissions they have that week.
-A Tie will be considered a Win for that leg in respect to the Pick’em Bonus.
Payouts:
Winners of each leg share that leg's pool proportionally based on their wagers.
Tie:
In the event of a Tie, both options will be considered a win with all wagers returned and no Jackpot contribution taken.
Example
Leg 1 has 100 total points in the pool
3 players chose the winning option with wagers of 10, 20, and 30 points
Total winning wagers: 60 points
Share value: 100 ÷ 60 = 1.67 points per wagered point
Player 1 gets: 10 × 1.67 = 16 points (floor rounded)
Player 2 gets: 20 × 1.67 = 33 points (floor rounded)
Player 3 gets: 30 × 1.67 = 50 points (floor rounded)
To learn more about Parimutuel betting follow this link.
Jackpot Payout
Jackpot will payout in points at the end of the season.
Points will be used to bid on Prizes.
The payout:
1. 1st ROI 35% of Jackpot
2. 2nd ROI 25%
3. 3rd ROI 15%
4. 1st Balance 5%
5. 2nd Balance 5%
6. 3rd Balance 5%
7. 1st Correct Picks 2.5%
8. 2nd Correct Picks 2.5%
9. 3rd Correct Picks 2.5%
10. 4th Correct Picks 2.5%
*Return On Investment(ROI = Winnings/Bets)
Prizes
Prizes will be auctioned off at the end of the season.
Players will bid on the prizes with their points.