How the pool works:
-Each player will start off with a $10,000 bank roll.
-Each player can bet a MAXIMUM of 1,000 "dollars" each MMA/Boxing event.
-The pool will begin at the next UFC event (April 14) and will run for the next 10 consecutive MMA/boxing events.
-Whoever has the highest "dollar" amount at the end of the pool, wins the pot.
-A player can bet on any MMA or boxing line using the opening line from Pinnacle.
-A player can bet any moneyline, proposition or parlay bet taken from Pinnacle.
- All picks must be submitted by 11:59pm EST the day before each sporting event or no bet will be taken from that player for that event.
-A player does not have to use the entire $1,000 limit for each event. In fact, you don't have to place any bet for any given event if you don't want to.
-Ties reduce on all parlays (in the event of a draw, the bet drops down to the next lowest number, for example a 4 team parlay with one draw becomes a 3 team parlay)
-All wagers will be recorded on my spreadsheet so the pool is completely transparent. I will list the players name under "sportsbook," that way if a player wants to see their wager history, they can go to my spreadsheet, go to the drop box listed "sportsbook" and find their name in the drop box. Once their name is selected, they can see their picks and win/loss %. Simple addition or subtraction of the player's "net" from the 10,000 bankroll will yield the player's balance.
For example, if a players net balance is +5,000, you would add that to the $10,000 bank roll. (10,000 + 5,000 = 15,000). The opposite goes for a negative balance. A net balance of -5,000 would be subtracted from the $10,000 bankroll. (10,000 - 5,000 = 5,000.)
-The entry fee for the pool is 50 points. I will not be taking a cut of the pool, however, any points thrown my way by the winners will be greatly appreciated.
Payouts to the winners will be as follows:
Highest "dollar" amount by the end of the pool = 60%
2nd highest "dollar" amount by the end of the pool = 15%
3rd highest "dollar" amount by the end of the pool = 15%
Longest losing streak = 10%
If I do not get at least 6 players for the pool, I will return all points to those who have sent points.