Hi Victor. If this is posted in the wrong section I appologize and please feel free to place it where you think fit.
My idea is this. An open competition should be held and say the top 3 players that win this competition will win this.
Every member participating in the competition must pay $100 entry fee into an account Victors opens. Say 100 members take part (We wish!) then that is $10 000.00. Now the top three do not win this money. They get to gamble with it on Dublinbet, Jebet whichever Victor decides on. First position in the comp. gets $5 000.00 to play with. Second gets $3 000.00 to play with and 3rd get's $2 000.00 to play with. That is of course if we accumalate $ 10 000.00.
Victor will open say three accounts (Dublinbet, Jebet?), giving an account to each winner 1,2 and 3. They will now play for all of the members involved in putting in their $100 each.
So we can now decide OK, the three play for 2 months, must play at least 3 times a week. (Something in that order) After the 2 or 3 months period. The totals of the money made are added together. Profits are now devided back to the "investors" with the 3 players according to position, getting an extra fee.
Let's say we turn $10 000 into $30 000. Now every member gets sy $250.00 back The three top players get a winners fee each plus their $250.00 and let's say a fee for VLS site for operating costs.
If there are losses...well that is gambling. Then the money is just devided back to all investors. (Or something in that order.)
What do you guys think? I would take part. But then again it's my suggestion!
Cheers!
Jakkalsdraai
Hey Jakk,
I think this is a cool idea. I'd be game, although you'd have to set up rules, guidelines...blah,blah,blah. I don't know if I'd be able to play online 2/3 times a week but if not, I'd be willing to teach someone else my method (should I come in the top 3).
Neat idea though Jakk!
Matt
:thumbsup:
Thanx guys I'm glad you like the idea. All of us can benefit. The top three should give us the best chance of winning. They would have sufficient br and Victors' site will also have funding.
I think this could work. Problem here would be organizing a competition hosting for 100 + players! Might have to have seperate games with knockouts, playing quarters, semis, finals etc. I think if we are going to do this it will take quite a bit of planning and would need quite a bit of organization. I do feel that there is more than enough members here trustworthy enough (like you gents!) who can organize this event.
Well let's see what the others think. Also when it comes to the actual collecting of the money we might see interest fade. I hope not!
It'll be fun shouting and cheering for our three champs to bring in the bread especially if Vic has a specific time on which he would announce reults weekly!
Should be fun. I'll play my splits and reverse numbers! See what happens. CD I'm sure will play his root system (man that is a good system!), Matty you would play yours (remember my challenge! You did excellent as did Kimo!) I think this would be neat! Of course Ray will be there with his magic,Victor and Ronjo with their pro playing ways, Lanky with his way of LW's, Kimo with his delicious pie. mmmmmmm! Sounds better by the moment.
Hope this materializes!
Cheers
Jakkalsdraai
how to define the 3 top players ?
Hi Stan, ;)
That's simple my friend. The three positions in the competition that accumulated the highest profits. 1st position highest profit,
2nd position = second highest profit and third position third highest.
@ others; we can also decide whether there should be only 2 winners 1st and second, 3 winners as above or 4 winners?
Cheers
Jakkalsdraai
You'd also have to define the betting parameters (such as flat betting only or progressions allowed) how many spins per round... all that fun stuff! I'm more than willing to help (just keep in mind that I'm usually away for the weekends.
Cheers,
Matt
QuoteWhat do you guys think?
What an interesing and innovative idea ! Congratulation, i have not seen such an out of the box idea for a long time. Count me in.
My congratulation dear jakko for this new idea . i am the first that will take part of this competation and i hope that all the players here take part of it to have 100 players .
I suggest my friend victor to open a section and name it "COMPETATION" and who wants to take part he is welcome . about the winnings,i am sure that we will have a good winnings and i suggest to divide them in 2 parts, one part for players and another as a funds to help who needs it and to make this forum one of the best of the net.
The players, really there are very good and profisional players here and we can put rules and conditions for this competations as choosing the 3 players who will play .
My best regards :thumbsup:
Hi guys, I think this is a very good idea: to see who are the players who make the most $$$ with the competition and bet on them as if they were a company with "shares". Maybe we start the very first Roulette Player StockMarket!
QuoteHi guys, I think this is a very good idea: to see who are the players who make the most $$$ with the competition and bet on them as if they were a company with "shares". Maybe we start the very first Roulette Player StockMarket!
Nicely put!! LOL!
Matt
Hi Folks,
The idea is good and nice however you must be carefull when it comes to these sort of things because of the laws. Technical speaking you perhaps would need an permission to do this or not.
Carlitos 8-)
or we could just put all the money into a account at dumblin,let me do all the playing and victor can split all the profits at the end of each weak.
all investors will recieve a paycheck every week, all invester have to do is sit back and watch there money grow, live on dublin. ;D
Interesting idea guys, haven't seen anything like this. I would be glad to praticipate...
Victor should get it, to invest in this site, for the costs etc...
@Ray
Hehehehe, so you are already steping up to the challange? :)
Nicely done, I would like to see many people participate in this, to see who would have the best results.
Great idea Jakk,
Malty
;D Hahahahahahahahaha!!!!!! Ray you crack me up! Lol not so far fetched though! I'm sure you will be a contender. Guys like Ronjo, Kimo, Matty, Clothdog and quite a few others (Alfa Street, Addonai etc.etc.etc.etc.) will difenitely be in the mix as well!
@ Malty
Hi my friend, yes I' also ready! Hey Vic, what do you think? You busy working on something? Logistically, yes, it could be difficult. I'm sure though we can get it going!
Vic, why not start a competition registration post. No fees yet but all definate participants must sign uop there. That way we'll know what the collections will eventually look like.
I think that members that have the finances (not me!) who wants to can buy in for more than one position. Say $300, 3 places. Ray may not cause just now he endes up 1st, 2nd and 3rd! lol
Cheers!
Jakkalsdraai ;)
I suggest we get money for maintaining forum this way, but also donate part of money, say, 50% 8-)
If Victor does start a thread about this, we sould start discussing the parameters/rules on how this competition will be played. The sooner we hash out the rules and stuff, the better, I think!
Matt
I think this is a good idea. However, Jakk, I doubt that 100 people are going to want to compete with their systems. But I would be willing to say that there might be 100 people that would contribute a certain amount of money to buy "shares" in the group in order to receive dividends.
If that were the case, you would need to take the the total amount of money in the fund, after "dividends" have been paid divided by the number of shares to get a share value. Then, you would allow investors to buy shares in the fund before play commences again for that week. Does that make sense?
For instance, let's say that 100 people invest $100 each for a total of $10,000. The top three play their systems and make $2,000 for the week ended Sat**day. That's $12,000 total with 100 shares. You would either: (a) disburse the $20 per share to each member and start back at $10,000 for $100 per share and open it up to new investors through Sunday (no play again until Monday); or (b) you take the $12,000 and divide by 100 shares to get $120 per share and open it up to new investors.
This way, everyone's shares are equal so that you don't have to worry about any weighted average prices/payouts, etc. But this would be after you established a routine payout schedule (either weekly, bi-weekly, monthly, etc.)
Just something to think about, as people get a little funny with money. I think that this could work very well, and a lot of people could make some good money from it, but there needs to be something VERY specific about it so that there are no grey areas.
Well put cps,
I think another thing we would have to include is some sort of disclaimer for the winners stating that IF they do lose monies, they can't be held responsible... something along those lines... not that they will lose of course! ;)
Excellent comment though!
Matt
;) Hey Cps,
Yeah 100 guys playing agaisnt each other will first of all take forever! We would still have to play of say +/-10 guys to get the 3 top guns. I do agree though with you that a share system would work better. 8-)
Hope we can get this thing started! ;D
Cheers!
Jakkalsdraai
I would certainly participate and invest assuming the appropriate safeguards were put into place. I would be glad to be the Share Registrar if ever there needed to be something like that. Or assist in calculations and whatnot once the framework was put into place.
And of course, there would have to be disclaimers. Everyone knows that it's gambling...but just to be sure, if you are to send money, you know there is a risk, even with the best players on earth playing for you.
Quoteeven with the best players on earth playing for you.
LOL - now I know you're not talking about me!!! :'(
(I have a funny feeling Ray will speak up... lol)
Matt
I would include you in that group of guys. You have a great mind for the game.
thanks bud, appriciate the vote of confidence.
Matt
........ that's an nice idea Ray!! :thumbsup:
Carlitos 8-)