BLB Championship Prize Pool

[Ryan]

I like it.

Me too. Great idea Jim!

[Gyrodork]

Why not assess each team $1,543 per win (last season's win total)? Here's the math:

Total # wins per season league-wide: 12 x 162 = 1,944

Total pot = $3,000,000

Cost per team is $3,000,000 / 1,944 = $1,543.21

[Jake]

Well, it looks like it is only going to be me and Wolf and the rest of you can sit back and watch us squabble. I'm game. As I understand it for this season, I put up $2 and Wolf $5, if neither of us wins it all, we recalculate contributions at the end of next season based on how we did in 1986 and add those to this year's contributions and so on.

With just two of us in, I suggest the loser just pays up at the end, which could be a long time from now. I'm good for it and I trust Wolf will be too.

Sounds good and I'd be all for in game money as well.

I was also thinking that if no one that plays in to the cash pot wins, the best record (probably going to be riverman if we go heads up) wins 75% of the pot, and only 25% rolls over. That way, in Andrew's example, someone couldn't just come in and win everyone's hard earned money after three years but it would still grow the pot. And if it turns out to just be me and riverman (but I do think a few mroe guys would get in), then the pot might get up to 12-13 dollars by 1990. And that's when the real fun begins.

[Riverman]

Sounds good and I'd be all for in game money as well.

I was also thinking that if no one that plays in to the cash pot wins, the best record (probably going to be riverman if we go heads up) wins 75% of the pot, and only 25% rolls over. That way, in Andrew's example, someone couldn't just come in and win everyone's hard earned money after three years but it would still grow the pot. And if it turns out to just be me and riverman (but I do think a few mroe guys would get in), then the pot might get up to 12-13 dollars by 1990. And that's when the real fun begins.

I'd prefer that someone has to win it all to get anything. If someone wants to buy in after the pot has built up a little they'd have to pay their current-year assessment mutiplied by the number of years the pot has existed or something like that.

[Riverman]

Why not assess each team $1,543 per win (last season's win total)? Here's the math:

Total # wins per season league-wide: 12 x 162 = 1,944

Total pot = $3,000,000

Cost per team is $3,000,000 / 1,944 = $1,543.21

There is something that doesn't work quite right about this idea or the original schedule.

I'd say if someone was making book on the BLB, Maine would be something like 2-1 or maybe even closer to 1-1 to win it all next season and he is already getting better than 12-1 on the original schedule and something like 18-1 on the above.

On the bottom end as originally scheduled Mississippi gets 300-1 and I get 150-1, which seems about right so someone in the middle must be getting screwed.

[Andrew]

There is something that doesn't work quite right about this idea or the original schedule.

I'd say if someone was making book on the BLB, Maine would be something like 2-1 or maybe even closer to 1-1 to win it all next season and he is already getting better than 12-1 on the original schedule and something like 18-1 on the above.

On the bottom end as originally scheduled Mississippi gets 300-1 and I get 150-1, which seems about right so someone in the middle must be getting screwed.

Yeah, you're right. I'm not a gambler so don't really have any sense of what odds make sense. All I did was try to take jwolf's original list and increase it to an amount that would be meaningful in game.

To be honest though, this isn't something I'm really that interested in doing. The financial system is confusing enough to keep track of as is.

[Jake]

BUMP for last shot. Right now the pool is $7 dollars. Davenport and Syracuse are the only ones that are in.

Because of the low numbers we're going the honor system way and paying up when it's all said and done. Also, you can only win money from the years you play. If you want to play in 86, just post in this thread before tomorrow night @9.

[Jim]

I'm in.

[Jake]

Sorry to anyone who would have been interested, but I completely forgot about this. I know riverman and I had a kind of on-going agreement so I am assuming we are both back in, but I am not sure. Jim, you back in? The carryover was a whopping $12.

Riverman, your buy in this year would be $2. Nice bet the way you are sitting. If you don't want to do this anymore just let me know.
Jim, yours would be $10. Let me know if you still want in.
Mine is 5. I am in for 1987. We would be the only ones eligible for the carry over.

Anyone else that wants in I figure even though the season has started, if you want in just post in this thread before Sunday. Anyone new to the pool this year would only be eligible for the 1987 pool, no carry over.

[Jim]

Sure, I'm still in.

[Riverman]

I'm in.

[BradZ]

Sorry to anyone who would have been interested, but I completely forgot about this. I know riverman and I had a kind of on-going agreement so I am assuming we are both back in, but I am not sure. Jim, you back in? The carryover was a whopping $12.

Riverman, your buy in this year would be $2. Nice bet the way you are sitting. If you don't want to do this anymore just let me know.
Jim, yours would be $10. Let me know if you still want in.
Mine is 5. I am in for 1987. We would be the only ones eligible for the carry over.

Anyone else that wants in I figure even though the season has started, if you want in just post in this thread before Sunday. Anyone new to the pool this year would only be eligible for the 1987 pool, no carry over.

I'm interested too, but is there any way I can buy in on the total pot including the rollover? Say I match half the carryover at $6 + whatever my buy in should be for this year? It almost seems like if we could come to an agreement amongst the four participants it might make future record keeping easier. Say for instance none of us wins the championship for the next two years, but in year three I'm lucky enough to win. I'm eligible for part of the 1987+ carryover, but not the original $12 carryover. That's easy enough, but what if the pool becomes more popular over the next few seasons and we end up with 3-4 more owners who are all buying in at separate carryover points in time. That becomes more to track. I know it's not really all that difficult to do, but I'm just looking to avoid any potential conflicts up front. Thoughts?

[Jake]

At first I was in favor of people being able to buy in at any time and be eligible for the entire carryover, but the thought was that some scrub like Pat would wait until the pot was 300 bucks and he could buy in for 3 dollars or something.

The way I was tracking it was just in a word document for each season as to who bought in for what money. So if Jim ends up winning in 1991, and he bought in each year, he'd win the whole thing. If he only bought into 86, 87, 89, and 91, he'd only win the money put in the pot for those seasons. It would leave the 88 and 90 pots out there available only for those who bought in that year.

That being said if Jim and River are interested in something where you could buy in to the previous years pot, I'm open to it. Just let me know what ideas you all have.

[BradZ]

I guess I'm basically saying, I would buy in for a certain % of the current carryover. That way if someone wanted to wait until 5 years from now and the pot is $300 they would be buying in for $75, $100, $125, $150, or whatever fair % is determined. I certainly understand the rationale for trying to keep someone from trying to swoop in on a big pot. I'm good either way, just thought it would make things more clearcut.

[Jake]

I'd be fine with 50% of the carryover pot, but I'd like to hear from Rivermanand Jim before we make any decisions.