🏆The Maharaja of Bitcointalk🏆 Sports bets Tournament by Sportbet.one

[Adzivu]

I know it takes a lot of time to update all the bets.
Do you have an estimate on how often will you update ROI?

Thanks for running this.

[hahay]

I know it takes a lot of time to update all the bets.
Do you have an estimate on how often will you update ROI?

Thanks for running this.

This is what I considered at the beginning, this is the reason I am more interested in joining if there is a sponsor because everything is done in the same place because I think only then the work will be easier and faster to complete. But yes, this may be an adjustment regarding the title and therefore bets can be made in the sportsbook that the participants prefer, but about manual counting which takes a long time I think will be a problem here. I'm afraid there will be some mistakes later but even so, I can still trust @vennali to work well and therefore, I still signed up even though it was a little late due to waiting for sponsorship information.

[vennali]

I know it takes a lot of time to update all the bets.
Do you have an estimate on how often will you update ROI?

Thanks for running this.

I have updated the spreadsheet with regards to bets made and ROI. Will try to update it daily from now on. If not, at least once in 2 days. I have adjusted the main page in a Leader board view. Keep in mind that the "Effective bet" that you see on your personal page is the max cap for your bet. If you exceed the limit, I will auto consider your bet as the max cap. However, in terms of lost bet, I have taken your bet on face value and not capped it.

I was initially considering a dynamic max cap of 5% depending on your current stack size but I have dropped that idea because, in case a player starts badly, it becomes much harder to recover. So, the cap is static and it is 5% of your starting stack. If you have any doubts regarding calculations or you think I may have calculated your ROI wrong. Please feel free to PM me here or Telegram (@vennali). I will happily recalculate it and help you understand how to calculate.

This is what I considered at the beginning, this is the reason I am more interested in joining if there is a sponsor because everything is done in the same place because I think only then the work will be easier and faster to complete. But yes, this may be an adjustment regarding the title and therefore bets can be made in the sportsbook that the participants prefer, but about manual counting which takes a long time I think will be a problem here. I'm afraid there will be some mistakes later but even so, I can still trust @vennali to work well and therefore, I still signed up even though it was a little late due to waiting for sponsorship information.

I've basically given myself a 2nd job. Looking at the amount of work I have to put in for updates etc. So far so good though. I have happy to be conducting a tournament like this.
Regarding mistakes, yes that is a possibility and If you find anything suspicious or something that doesnt add up. Please feel free to contact me. I will recalculate everything from the beginning.

[Trofo]

I've basically given myself a 2nd job. Looking at the amount of work I have to put in for updates etc. So far so good though. I have happy to be conducting a tournament like this.
Regarding mistakes, yes that is a possibility and If you find anything suspicious or something that doesnt add up. Please feel free to contact me. I will recalculate everything from the beginning.

I knew this would take a shitload of your time from personal experience when I run a contest here on forum. Those bets have a way to multiply fast if you skip just one day and then you feel like you are constantly behind. Would give you much more merit for efforts but I never have enough to spread it around as much as I would have liked.

Maybe for multi bets it is enough that you write total odds and stake, you don't have to write each leg. Add them to the spreadsheet after they are finished to avoid cross referencing and possible push bets. That way you will at least save some time.
Or make a public sheet were we have to enter our bets and then you just c/p them after checking with actual bet slips.

[Alex H]

I like the site! Easy to use for people who are used to traditional sportsbooks. Any plans to expand market coverage on esports? Especially LoL?

[vennali]

I like the site! Easy to use for people who are used to traditional sportsbooks. Any plans to expand market coverage on esports? Especially LoL?

I am just conducting a tournament that is sponsored by sportbet.one. Maybe ask them on their bitcointalk thread? As far as I can see, they do have LoL markets for pre-match. You might catch a few events live too but I'm not 100% sure on that.

[Adzivu]

I know it takes a lot of time to update all the bets.
Do you have an estimate on how often will you update ROI?

Thanks for running this.

I have updated the spreadsheet with regards to bets made and ROI. Will try to update it daily from now on. If not, at least once in 2 days. I have adjusted the main page in a Leader board view. Keep in mind that the "Effective bet" that you see on your personal page is the max cap for your bet. If you exceed the limit, I will auto consider your bet as the max cap. However, in terms of lost bet, I have taken your bet on face value and not capped it.

I was initially considering a dynamic max cap of 5% depending on your current stack size but I have dropped that idea because, in case a player starts badly, it becomes much harder to recover. So, the cap is static and it is 5% of your starting stack. If you have any doubts regarding calculations or you think I may have calculated your ROI wrong. Please feel free to PM me here or Telegram (@vennali). I will happily recalculate it and help you understand how to calculate.

This is what I considered at the beginning, this is the reason I am more interested in joining if there is a sponsor because everything is done in the same place because I think only then the work will be easier and faster to complete. But yes, this may be an adjustment regarding the title and therefore bets can be made in the sportsbook that the participants prefer, but about manual counting which takes a long time I think will be a problem here. I'm afraid there will be some mistakes later but even so, I can still trust @vennali to work well and therefore, I still signed up even though it was a little late due to waiting for sponsorship information.

I've basically given myself a 2nd job. Looking at the amount of work I have to put in for updates etc. So far so good though. I have happy to be conducting a tournament like this.
Regarding mistakes, yes that is a possibility and If you find anything suspicious or something that doesnt add up. Please feel free to contact me. I will recalculate everything from the beginning.

No problem. I appreciate you for doing this.
It takes a lot of fucking time.

BTW, you made an error on my 4th bet. It was won, but you counted it as a loss in the stack.

Keep up the good work.

[vennali]

No problem. I appreciate you for doing this.
It takes a lot of fucking time.

BTW, you made an error on my 4th bet. It was won, but you counted it as a loss in the stack.

Keep up the good work.

Oh wow, sorry about that. Updated it straight away. Looking strong in the tournament. Good luck.

I am genuinely impressed how well a lot of contestants are doing. Anything in + is great. If you are in -ve, thats okay too.A lot of them missed big wins by 1 game. Ton of time to make a comeback. One day can flip the whole table.

[Alex H]

I like the site! Easy to use for people who are used to traditional sportsbooks. Any plans to expand market coverage on esports? Especially LoL?

I am just conducting a tournament that is sponsored by sportbet.one. Maybe ask them on their bitcointalk thread? As far as I can see, they do have LoL markets for pre-match. You might catch a few events live too but I'm not 100% sure on that.

Ahh awesome, thanks mate!

[Adzivu]

No problem. I appreciate you for doing this.
It takes a lot of fucking time.

BTW, you made an error on my 4th bet. It was won, but you counted it as a loss in the stack.

Keep up the good work.

Oh wow, sorry about that. Updated it straight away. Looking strong in the tournament. Good luck.

I am genuinely impressed how well a lot of contestants are doing. Anything in + is great. If you are in -ve, thats okay too.A lot of them missed big wins by 1 game. Ton of time to make a comeback. One day can flip the whole table.

Yeah, it would be better if I didn't lost those 3 stupid games. Especially French handball which was such a stupid loss.

[vennali]

Yeah, it would be better if I didn't lost those 3 stupid games. Especially French handball which was such a stupid loss.

Well, its gambling. Sometimes the results don't fall in your favor. Still looking good. Best to keep your cool and carry on making the right bets. Still over 25 days to go. Everyone has a chance to improve their score and win.  Good luck.

A few contestants might still not be aware that I will only consider 5% of your starting stack if you exceed the limit where as consider the whole amount in case of a loss. I might have to PM them to check the rules once again.

[Saint-loup]

On freebitco.in when you place a bet, the expected payout is show under the box you enter the bet into.

Similarly, when a wager is won, there is a dialogue box showing how much your winnings are.

I'm away this weekend until Wednesday so I'll have to sort out the other screen shots when I get home.

P.S. to the OP, posts in games and rounds section aren't counted in some signature campaigns, so you may not draw as many competitors.

So yeah, you could screenshot the whole info. Including the odds etc. I will only count the bets that are posted on games and rounds thread. So, Timelord2067, You'd have to comply with the same. The bets posted in this thread prior to the start of the tournament, wouldn't be counted. The Screenshots in any case wouldnt meet the criteria for a meaningful post, be it in games and rounds or any other section. So, I don't think that's a major issue. When it comes to participation. Maybe keep the bets ready on imgur and just post the text lines with BB code on monday?. That would be great.  

Hello Vennali. Did you change your requirements for contestants using Freebitcoin? Because Timelord2067 has posted some freebitcoin bets but I don't see any odds on his screenshots. You will finally only take the "final odds" or it's just a mistake from him?

[...]
I'm home now and am posting the following:

Spurs over Aston Villa on the 21st of March:



Bitcoin at the end of March:

[Adzivu]

Freebitco.in is not a sports betting site.

I have a few ideas to improve the competition but I'll save them for some other time.

Keep up the good work.

[vennali]

Hello Vennali. Did you change your requirements for contestants using Freebitcoin? Because Timelord2067 has posted some freebitcoin bets but I don't see any odds on his screenshots. You will finally only take the "final odds" or it's just a mistake from him?

I have PM'ed him about it. waiting for his reply.

Freebitco.in is not a sports betting site.

I have a few ideas to improve the competition but I'll save them for some other time.

Keep up the good work.

They do have sporting events and a sportsbook. So, I'll allow it but there needs to be some changes from freebitco.in's users to be able to comply with the tournament rules. Do let me know if you have any improvements that could be made on the tournament. Would be appreciated. Thanks.

[Timelord2067]

They do have sporting events and a sportsbook. So, I'll allow it but there needs to be some changes from freebitco.in's users to be able to comply with the tournament rules. Do let me know if you have any improvements that could be made on the tournament. Would be appreciated. Thanks.

... and they would be what exactly?  Your PM asked me to post the results once the games have been played - I've given an example with the Grammy results - is this not enough?


This is all I see when placing a bet:



and further down:



There's no outside links no other confirmations.  It's a little klunky and I'm only placing a few bets at a time, but, if that's what you want, then that's what you'll get.

[Adzivu]

Hello Vennali. Did you change your requirements for contestants using Freebitcoin? Because Timelord2067 has posted some freebitcoin bets but I don't see any odds on his screenshots. You will finally only take the "final odds" or it's just a mistake from him?

I have PM'ed him about it. waiting for his reply.

Freebitco.in is not a sports betting site.

I have a few ideas to improve the competition but I'll save them for some other time.

Keep up the good work.

They do have sporting events and a sportsbook. So, I'll allow it but there needs to be some changes from freebitco.in's users to be able to comply with the tournament rules. Do let me know if you have any improvements that could be made on the tournament. Would be appreciated. Thanks.

I think yield should be the right indicator instead of ROI.

I am betting as I usually would. Only change I made is betting on those small odds which I think are just a bankroll boost.
I saw a lot of players doing that, not sure if it's their regular betting style or just for the competition.

Problem with freebitco.in is that you know the odds only when it wins. It's pool betting AFAIK and is completely different than regular betting or betting on an exchange.

[nelson4lov]

I just came back after a while to discover that I've fallen down below the pecking order. Fell ill for the last couple of days and managed to place some bets but wasn't able to register them as entries. Anyway, there's still more time enough time to go before the contest ends so I just need to get back to winning ways and get my ROI up.

Also, I wanted to say kudos to @vennali once again for the opportunity to participate.

[slaman29]

^ About Freebitcoin, it's really really difficult to verify BUT all you need to do is post your bets as above, and when you win, you can see after it's settled the amount you won. You have to manually calculate the odds though as this is perimutual you don't actually win odds, you win from the pool of losers, equal to the proportion of winning pool you put in, plus the weighted multiplier.

[Adzivu]

Do you need some help with the sheet?

[Timelord2067]

One win:



... and one loss:



effectively, one cancels out the other.  (There's just the end of March bets on Freebitco.in - all are unlikely to win)


Will update other with wagers as they occur.