also im angry that max odd is 10x it should be at least 30x
I dont agree with next things :
The maximum bet allowed is 5% of your current bankroll. If you pass that limit, the winnings for the purpose of this competition will be rounded down as if they were made with a bet stake of 5% of current bank.
All bets can only have a maximum odd of 10. If you pass that limit, the winnings for the purpose of this competition will be rounded down as if they were made at odds of 10.
We put a lot of thought in this and I will try to explain why we have these 2 rules.
If we don't set up a max amount people can bet, everyone will just go allin at the end of the competition at big odds to try to increase their ROI %. If we let this happen we will be valuing random luck and not a consistent punter.
Here is an example:Player A enters with 1 BTC and doubled his initial bank, thus having a 100% ROI.
Player B enters with 1 BTC and lost some bets and in the final day only has 0.5BTC of his initial bank, thus having a negative ROI% of -50%.
Player B has nothing to lose and bets the remaining 0.5 BTC @10 and wins, thus finishing the competition with 5 BTC that equals a ROI% of 400%.
He will win the competition because he won that single bet, and that is not fair.
With the 5% rule, he would only be able to bet 0.05 BTC and even if he won @10 he would finish the competition with 0.95 BTC, and still remains with a negative ROI% of -5%.
Also the number was not random picked, 5% of a bankroll is a normal value used for bankroll management, and we like to promote that.
As for the maxed odds we believe that is already a quite high value, so you can use parlays. If we increased them to much, again we would be risking that a single bet would have to much weight at the end of the competition
I think everybody should have the same start up budget,like the minimum to enter should be at least 0.1 btc and nothing more then that
I believe that was already explained by DirectBet, there is no problem in allowing different budgets because the winner will be chosed based on %ROI and not by the flat value of his bank in the final day of the competition
also betslips should be posted before the game or sended to the OP
Yes you should post them on the competition thread. But that is just a measure for transparency, because since you will always use the same coin address for your payouts we will know every bet you made and use that to update the leaderboard.
also pm me what i need to post in the thread to enter
You just need to make a post here with this format:
- Name: (use the same member names you use here on Bitcointalk)
- Coin address: (the address from which you will be placing your bets)
- Bankroll for the competition: (This will be the bankroll value we will use to calculate your betting limits and your ROI% at the end of the competition)
If you have any more doubts or suggestions feel free to share them.
