Bitcointalk English Premier League pool betting Discussion Thread

[hilariousandco]

Please note: This thread is only for those participating in the pool. If you want to join see below:

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Prizes:

1) 0.10
2) 0.06
3) 0.03
4) 0.02
5) 0.01


The new English Premier League season will start on the 12th August 2017 and I was wondering if any one wanted to do a pool on the results of every game each weekend? I tried to do this last year but at short notice with only two weeks before the season so thought I'd give it another go with ample time. With DirectBet closing their prediction competition those who enjoyed that can get in on the action here every weekend on the Premier League.

How it would work: Every week each person involved will predict what they think the exact scores will be of all the games that will be played that week. You will get 10 points for a correct/exact score prediction and 5 for a correct outcome.

Example:

If you picked:

Arsenal v Leicester 0-1
Burnley v Swansea 0-0
Crystal Palace v West Brom 1-1

And the actual results are:

Arsenal v Leicester 2-1 Loss: 0 points
Burnley v Swansea 0-0 Win: 10 points
Crystal Palace v West Brom 2-2 Win: 5 points

You would get 50 points from those three selections. The winner would obviously be the person who gets the most points over the season.

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Currently as it stands entry is £20 for the entire season. I will take a small fee for organising, escrowing, tallying up points and paying out the coins. This fee will depend on how many users there are but it will be about 10%. If someone knows of a website or could create a bot or website to make the process of tallying the points up and submitting scores that would make things a lot easier and lower whatever commission I take.

This thread is to just get an idea of the demand and a feeler for what people would prefer and what amount they would be comfortable in betting and hopefully we can get something started before the league starts in a few months. If you have any suggestions they are also welcome.

Local Rule: Anyone who posts that they will take part for a specific value and fail to do so if the pool goes ahead at that buy-in will likely have all their posts from this thread removed so please only post if you're genuinely interested in playing and not just to sig spam. Thanks.

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[LFC_Bitcoin]

Providing it wasn't too high I'd probably be interested. I think paying upfront at the start of the season would be the best idea, otherwise people will stop paying/participating if they're not doing very well.

If we can firm something up by early August I'll join in. Maybe wait until then because the bitcoin price is going up ridiculously atm.

[hahay]

I voted Weekly buy-in
Basically I'm quite interested in following this prediction, let's try 1mBTC for Weekly buy-in.

[hilariousandco]

Providing it wasn't too high I'd probably be interested. I think paying upfront at the start of the season would be the best idea, otherwise people will stop paying/participating if they're not doing very well.

If we can firm something up by early August I'll join in. Maybe wait until then because the bitcoin price is going up ridiculously atm.

How much is too high? Can you state roughly the highest amount you would be willing to wager? If everyone states their limits we'd have something to work with and I'm sure we'd be able to find a compromise between everyone. I probably wouldn't ask for people to start sending money in until nearer the season but getting many people to agree on an amount will be the biggest task.

I voted Weekly buy-in
Basically I'm quite interested in following this prediction, let's try 1mBTC for Weekly buy-in.

You're probably best stating the amount you'd like to bet in dollar/pounds due to the increase.

[ralle14]

I like the upfront payment idea so I don't have to remind my self that I need to send payments every week. I'm willing to throw down a couple of mbtcs ranging from $20 - $30(could increase it if more people are interested) for this epl pool betting if it will happen. How many users are needed for this pool betting to happen?

[hilariousandco]

Well I guess the minimum needed would be two but that won't be much fun or won't win you much.  I'd hope for at least 5 members playing and I'm sure we could get that as there's plenty of time before the season starts.

[LFC_Bitcoin]

Bump.

I'm open to suggestions from others but what do you think, maybe £100 worth of bitcoin max, whatever that may be at the time?

I suppose it has to be an amount that gets the most people to play?

[hilariousandco]

Bump.

I'm open to suggestions from others but what do you think, maybe £100 worth of bitcoin max, whatever that may be at the time?

I suppose it has to be an amount that gets the most people to play?

Maybe it would be best everyone stating what amount would be the highest they would be comfortable with staking for the season and then we can meet somewhere in the middle with everyone. I'll collect all the money nearer the time and so everyone pays the same. I can put the info in the op with all those who have show interest once they've confirmed with me. So if you're ok with £20-100 so am I. ralle14 seems to be ok with $20-30 so I'm sure we could get him to commit to £20 which is what I would like the minimum bet to hopefully be as it's a reasonable amount.

I can put the list of interested participants in the op like this once people confirm:

Hilariousandco - £20-£100
LFC_Bitcoin - £20-£100
Ralle - $20-30

etc

I have a couple of friends that might be interested as well but hopefully we can drum up more interest from here first.

[LFC_Bitcoin]

Great let's see what interest we can get & just to confirm I'm absolutely fine with £20-100. I already do fantasy football & Super Six prediction things based on PL footy so this is defo of interest to me too.

[hilariousandco]

Great let's see what interest we can get & just to confirm I'm absolutely fine with £20-100. I already do fantasy football & Super Six prediction things based on PL footy so this is defo of interest to me too.

Yeah, I do Super Six and it's kinda where I got the idea from, but it's almost impossible to win on Super Six haha. It's rare that someone will get all six correct scores, but this is more fun and you have a much better chance of winning.

[ralle14]

So hilarousandco pm'd me to update/confirm my stake since he mentioned that there will be some people joining I can increase my stake up to £50 if you guys would like that. 

[hilariousandco]

Cool. I've updated the op with the provisional players.

Provisional participants so far:

Hilariousandco - £20-£100
LFC_Bitcoin - £20-£100
ralle14 - £20-£50

Looks like we'll probably go with the minimum amount of £20 so if anyone is interested in putting that or more in please let us know and I'll put you in the op. Thanks.

[hahay]

Does this have to use EUR currency?
I'm willing to be in for £20 or 0.01 BTC, correct?

[hilariousandco]

Does this have to use EUR currency?
I'm willing to be in for £20 or 0.01 BTC, correct?

British pounds, but yeah it'll currently be at about 0.01 but I won't be asking for money to be sent in till nearer the season starts so everyone will pay the same amount in btc. Can I put you down for £20?

[hahay]

Does this have to use EUR currency?
I'm willing to be in for £20 or 0.01 BTC, correct?

British pounds, but yeah it'll currently be at about 0.01 but I won't be asking for money to be sent in till nearer the season starts so everyone will pay the same amount in btc. Can I put you down for £20?

Sorry I don't understand with this "Can I put you down for £20?". I think to join paying a fee of £20 upfront for the whole season is very acceptable to all participants who will join.
If £20 at the exchange rate now I think it's fine and I'm willing to join.
Thanks a lot.

[RealPhotoshoper]

I prefer bi weekly payout , a tournament to collect points as much as possible from predicting correct score .
How about that? I doubt people could actively predict the score for the whole season betting pool .
I will put £20 for bi weekly payout , otherwise the whole season betting pool should be about predicting the premier league final table correctly.

[Joca97]

I think weekly buy in is a perfect solution,i dont know if anyone would wait the entire season

the idea is really good,i might even give it a shot,but need to see final details of the pool

[hilariousandco]

I prefer bi weekly payout , a tournament to collect points as much as possible from predicting correct score .
How about that? I doubt people could actively predict the score for the whole season betting pool .
I will put £20 for bi weekly payout , otherwise the whole season betting pool should be about predicting the premier league final table correctly.

Not sure I get you exactly. You don't have to predict the entire season upfront - you make your predictions every week (unless you wanted to make them in advance). You don't even need to get the scores right as you can win on just the outcomes and whoever has the most points at the end of the season wins the pot. And the games are weekly so not sure why it would be bi-weekly but it looks like we're going with the upfront payment to make it easier, though if many people express interest once we've got this one going I may open up a weekly one where you can choose whether to play each week or not.

Does this have to use EUR currency?
I'm willing to be in for £20 or 0.01 BTC, correct?

British pounds, but yeah it'll currently be at about 0.01 but I won't be asking for money to be sent in till nearer the season starts so everyone will pay the same amount in btc. Can I put you down for £20?

Sorry I don't understand with this "Can I put you down for £20?". I think to join paying a fee of £20 upfront for the whole season is very acceptable to all participants who will join.
If £20 at the exchange rate now I think it's fine and I'm willing to join.
Thanks a lot.

I just meant can I put you down as a potential player who will stake £20 but it seems you're OK with this so will add you to the op  later.

[hahay]

Does this have to use EUR currency?
I'm willing to be in for £20 or 0.01 BTC, correct?

British pounds, but yeah it'll currently be at about 0.01 but I won't be asking for money to be sent in till nearer the season starts so everyone will pay the same amount in btc. Can I put you down for £20?

Sorry I don't understand with this "Can I put you down for £20?". I think to join paying a fee of £20 upfront for the whole season is very acceptable to all participants who will join.
If £20 at the exchange rate now I think it's fine and I'm willing to join.
Thanks a lot.

I just meant can I put you down as a potential player who will stake £20 but it seems you're OK with this so will add you to the op  later.

Sorry about that.
Yeah I'am willing to stake £20 and please add me at op, thank you very much.

[tokeweed]

HELLO!!!  Sounds fun!  I can spare £20 - £50 in this and I prefer a lock in amount upfront for the entire season.  It would make it more interesting imo and participants don't just come in and go as they please.  You are locked in for an entire season, you have to play. 

And it's also a good way to make friendly banter.  I suggest also declaring what club you support and include that in the OP.  God, I hope at least one of you is an Arsenal fan.  Making fun of lol_wenger is always hilarious to me for some reason.