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Topic: Bitcointalk English Premier League Betting Pool v2.0 | Current pot: £420 (Read 1267 times)

legendary
Activity: 2954
Merit: 3060
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Started a new thread for those that want to take part in next season's Premier League Pool and the upcoming FIFA World Cup:

https://bitcointalksearch.org/topic/bitcointalks-fifa-world-cup-pool-discussion-thread-4130568

World Cup Pool will be slightly different but the Premier League Pool will be the same as the one last year.

This thread will be locked soon so post in the new one if interested. Thanks.
staff
Activity: 3304
Merit: 4115
Not starting the betting pool when it was originally planned probably worked in my favor, as the results we've seen from the bigger teams over the last few fixtures have been unexpected. Having said that I would still like to be part of something like this are we still planning to launch this?
hero member
Activity: 2520
Merit: 568
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I'm only waiting for hilarious' final decision and PM, my fund is ready to swim to this pool and the current price seem to be stable at $11,500.
Same thoughts and same feels here. It would be nice to win the betting pool right?
It's nice to win the betting pool but against with these professional folks, I don't have stand of any chance though I would love to participate and have fun. (Give me encouragement).

Well, dice settled, looks like panic is over, price seems stable indeed, last person joined this pool 9 days ago and next game is on 30. Jan.
Just crossed my mind that it is perfect time to collect money, before China Philipinie India South Korea (enter country) decide to ban regulate ban not ban ban bitcoin and cause mass panic again.
Haha those FUD seriously giving a dramatic price movement but it seems to be calm weather today, let's wait for the boss.
legendary
Activity: 1932
Merit: 2272
I'm only waiting for hilarious' final decision and PM, my fund is ready to swim to this pool and the current price seem to be stable at $11,500.


Same thoughts and same feels here. It would be nice to win the betting pool right?
Well, dice* dust settled, looks like panic is over, price seems stable indeed, last person joined this pool 9 days ago and next game is on 30. Jan.
Just crossed my mind that it is perfect time to collect money, before China Philipinie India South Korea (enter country) decide to ban regulate ban not ban ban bitcoin and cause mass panic again.
edited * jesus...I have to stop dicing around.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
I'm only waiting for hilarious' final decision and PM, my fund is ready to swim to this pool and the current price seem to be stable at $11,500.


Same thoughts and same feels here. It would be nice to win the betting pool right?
hero member
Activity: 2520
Merit: 568
Payment Gateway Allows Recurring Payments
I'm only waiting for hilarious' final decision and PM, my fund is ready to swim to this pool and the current price seem to be stable at $11,500.

legendary
Activity: 1148
Merit: 1001
For me we can establish a BTC amount regardless of its equivalent value in £.
0.003btc seems  the right amount.
I wanted to propose to insert a small contest with bonus points: each user will predict the final standing of premier league (first 4 positions) and only those who guess exactly (the 4 teams in the correct order) will have a bonus of 50 or 100 points  add to his final score.
Do you like  this idea?


Although, I like the idea of people competing and trying to guess the top 4. It's probably unfair to those who have accumulated points through the rounds. 50/100 points is a lot and could see a user leapfrog over multiple people because of it. I think guessing the scores/results is much more difficult than guessing the top 4.  

It's worth the same as 1 correct score, that's not that much.
Maybe 50 extra points for predicting the top 4 in the correct order?
It's not as easy as it seems.

Yes, it is not easy to guess exactly the first four ranked teams! Except for Manchester City, 99% will win the Premier League, there are 5 teams (Chelsea, Manchestr United, Liverpool, Tottenham and Arsenal) for the other 3 positions.
legendary
Activity: 2198
Merit: 1150
Freedom&Honor
For me we can establish a BTC amount regardless of its equivalent value in £.
0.003btc seems  the right amount.
I wanted to propose to insert a small contest with bonus points: each user will predict the final standing of premier league (first 4 positions) and only those who guess exactly (the 4 teams in the correct order) will have a bonus of 50 or 100 points  add to his final score.
Do you like  this idea?


Although, I like the idea of people competing and trying to guess the top 4. It's probably unfair to those who have accumulated points through the rounds. 50/100 points is a lot and could see a user leapfrog over multiple people because of it. I think guessing the scores/results is much more difficult than guessing the top 4.  

It's worth the same as 1 correct score, that's not that much.
Maybe 50 extra points for predicting the top 4 in the correct order?
It's not as easy as it seems.
staff
Activity: 3304
Merit: 4115
For me we can establish a BTC amount regardless of its equivalent value in £.
0.003btc seems  the right amount.
I wanted to propose to insert a small contest with bonus points: each user will predict the final standing of premier league (first 4 positions) and only those who guess exactly (the 4 teams in the correct order) will have a bonus of 50 or 100 points  add to his final score.
Do you like  this idea?


Although, I like the idea of people competing and trying to guess the top 4. It's probably unfair to those who have accumulated points through the rounds. 50/100 points is a lot and could see a user leapfrog over multiple people because of it. I think guessing the scores/results is much more difficult than guessing the top 4. 
legendary
Activity: 1148
Merit: 1001

I'll give it 24 hours and hopefully there'll be a bit of stability as it seems to have steadied a bit already but who knows what will happen during the rest of the day. Most people will send the money in on the day I send the address out but it'll likely take a couple to get every one in and I would rather people not decide to pay just because others paid much less than them (or the opposite).
Whatever you think is best. I guess I'm a little bias because I don't really care about the current price of Bitcoin. I would be happy to send in an equal amount of Bitcoin, rather than fixing it to the price. Obviously, it's already been agreed to send in to the price on the day, so it probably wouldn't be right to fix it to a Bitcoin value.

It would be fixed to a btc amount but that value could be vastly different between the current price and when the last person pays (and maybe they just wouldn't bother). I was actually thinking of rounding it up and making it 0.0025 last week but that was then worth £25. Now it's £17 and with the way things are going it could be much less. I'll see how it goes. Missing another round isn't the end of the world. Would rather wait till the dust settles and btc stabilises before we try get everyone signed up.
Understandable that we will be missing another round since we experience a dip in the market lately. And it looks right this time as Bitcoin is currently 11,700$ hopefully it will become more stable during the next round. One question though. So will we be sending an equal amount of £20 worth of BTC for the prize pot or it will be depending on when we will be sending the payment?

For me we can establish a BTC amount regardless of its equivalent value in £.
0.003btc seems  the right amount.
I wanted to propose to insert a small contest with bonus points: each user will predict the final standing of premier league (first 4 positions) and only those who guess exactly (the 4 teams in the correct order) will have a bonus of 50 or 100 points  add to his final score.
Do you like  this idea?
hero member
Activity: 1680
Merit: 655

I'll give it 24 hours and hopefully there'll be a bit of stability as it seems to have steadied a bit already but who knows what will happen during the rest of the day. Most people will send the money in on the day I send the address out but it'll likely take a couple to get every one in and I would rather people not decide to pay just because others paid much less than them (or the opposite).
Whatever you think is best. I guess I'm a little bias because I don't really care about the current price of Bitcoin. I would be happy to send in an equal amount of Bitcoin, rather than fixing it to the price. Obviously, it's already been agreed to send in to the price on the day, so it probably wouldn't be right to fix it to a Bitcoin value.

It would be fixed to a btc amount but that value could be vastly different between the current price and when the last person pays (and maybe they just wouldn't bother). I was actually thinking of rounding it up and making it 0.0025 last week but that was then worth £25. Now it's £17 and with the way things are going it could be much less. I'll see how it goes. Missing another round isn't the end of the world. Would rather wait till the dust settles and btc stabilises before we try get everyone signed up.
Understandable that we will be missing another round since we experience a dip in the market lately. And it looks right this time as Bitcoin is currently 11,700$ hopefully it will become more stable during the next round. One question though. So will we be sending an equal amount of £20 worth of BTC for the prize pot or it will be depending on when we will be sending the payment?
legendary
Activity: 2954
Merit: 3060
Join the world-leading crypto sportsbook NOW!

I'll give it 24 hours and hopefully there'll be a bit of stability as it seems to have steadied a bit already but who knows what will happen during the rest of the day. Most people will send the money in on the day I send the address out but it'll likely take a couple to get every one in and I would rather people not decide to pay just because others paid much less than them (or the opposite).
Whatever you think is best. I guess I'm a little bias because I don't really care about the current price of Bitcoin. I would be happy to send in an equal amount of Bitcoin, rather than fixing it to the price. Obviously, it's already been agreed to send in to the price on the day, so it probably wouldn't be right to fix it to a Bitcoin value.

It would be fixed to a btc amount but that value could be vastly different between the current price and when the last person pays (and maybe they just wouldn't bother). I was actually thinking of rounding it up and making it 0.0025 last week but that was then worth £25. Now it's £17 and with the way things are going it could be much less. I'll see how it goes. Missing another round isn't the end of the world. Would rather wait till the dust settles and btc stabilises before we try get everyone signed up.
hero member
Activity: 1008
Merit: 1012
I'll give it 24 hours and hopefully there'll be a bit of stability as it seems to have steadied a bit already but who knows what will happen during the rest of the day. Most people will send the money in on the day I send the address out but it'll likely take a couple to get every one in and I would rather people not decide to pay just because others paid much less than them (or the opposite).

I'm on with anything. Probably best to fix a rate close to the value on the day... marlboroza's suggestion of 0.0025 BTC sounds like the best.  Even if Bitcoin drops a further 20% it'll be enough-ish. We shouldn't worry though, by the time the league's over, BTC will be at a new ATH Wink

Mempool won't get any better than this too, so I'd rather make payments soonish, 151 sats/byte looks good enough for a 6-hour confirmation time right now.

15 games left so this will feel like a quickfire contest. Can't wait for a chance at >0.05 BTC!
I would for one be an "aye" vote to have it set to 0.0025btc for first entry fee to join.
It is a reasonable amount and I am pretty sure most seasoned gamblers here can afford this amount for this second round to begin.

Been waiting on hilariousetc to get back to me with the pm he is going to be sending out to the ones on the list from the OP with the btc address so to know where to send payment too.

Can't wait cause this is the first pool I have participated in for the EPL.
Pretty stoked. Smiley
staff
Activity: 3304
Merit: 4115

I'll give it 24 hours and hopefully there'll be a bit of stability as it seems to have steadied a bit already but who knows what will happen during the rest of the day. Most people will send the money in on the day I send the address out but it'll likely take a couple to get every one in and I would rather people not decide to pay just because others paid much less than them (or the opposite).
Whatever you think is best. I guess I'm a little bias because I don't really care about the current price of Bitcoin. I would be happy to send in an equal amount of Bitcoin, rather than fixing it to the price. Obviously, it's already been agreed to send in to the price on the day, so it probably wouldn't be right to fix it to a Bitcoin value.
legendary
Activity: 2968
Merit: 3684
Join the world-leading crypto sportsbook NOW!
I'll give it 24 hours and hopefully there'll be a bit of stability as it seems to have steadied a bit already but who knows what will happen during the rest of the day. Most people will send the money in on the day I send the address out but it'll likely take a couple to get every one in and I would rather people not decide to pay just because others paid much less than them (or the opposite).

I'm on with anything. Probably best to fix a rate close to the value on the day... marlboroza's suggestion of 0.0025 BTC sounds like the best.  Even if Bitcoin drops a further 20% it'll be enough-ish. We shouldn't worry though, by the time the league's over, BTC will be at a new ATH Wink

Mempool won't get any better than this too, so I'd rather make payments soonish, 151 sats/byte looks good enough for a 6-hour confirmation time right now.

15 games left so this will feel like a quickfire contest. Can't wait for a chance at >0.05 BTC!
legendary
Activity: 1932
Merit: 2272
Bitcoin has taken a bit of a hit the past few hours so should I still send the address out today or maybe give it a day or two to see what happens regarding the value? If it keeps falling the prize pot might not end up being much and might be unfair to people paying different values as we collect the money in.
I don't think bitcoin will go under $10K(or maybe it will? Who knows... Grin).
20 GBP = 0.00237183BTC at the moment.
What do you think about collecting 0.0025btc from everyone? So everyone will send equal amount...of btc.
legendary
Activity: 2954
Merit: 3060
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You could start sending out the payment address to everyone now, but include that if they don't want to pay today, due to the instability of Bitcoin right now they can wait until x deadline.  

Otherwise, we could have the issue of sending the payment information out too late and some people not meeting the deadline. So in both instances the pot wouldn't be as big.  As long as the information has been sent then it's up to the people involved whether they want to pay now, or closer to the deadline.

I'll give it 24 hours and hopefully there'll be a bit of stability as it seems to have steadied a bit already but who knows what will happen during the rest of the day. Most people will send the money in on the day I send the address out but it'll likely take a couple to get every one in and I would rather people not decide to pay just because others paid much less than them (or the opposite).
staff
Activity: 3304
Merit: 4115
You could start sending out the payment address to everyone now, but include that if they don't want to pay today, due to the instability of Bitcoin right now they can wait until x deadline.  

Otherwise, we could have the issue of sending the payment information out too late and some people not meeting the deadline. So in both instances the pot wouldn't be as big.  As long as the information has been sent then it's up to the people involved whether they want to pay now, or closer to the deadline.
legendary
Activity: 2954
Merit: 3060
Join the world-leading crypto sportsbook NOW!
Bitcoin has taken a bit of a hit the past few hours so should I still send the address out today or maybe give it a day or two to see what happens regarding the value? If it keeps falling the prize pot might not end up being much and might be unfair to people paying different values as we collect the money in. I think people are unnecessarily panicking like they always do but I could see it falling more during the day as people wake up and panic which will have a knock on effect, but hopefully it'll settle once the dust has cleared (but you never know with weak hands in bitcoin and I think there'll be a lot of newish investors who bought in with the rally in December who will panic and want out especially with all the "bubble" and "end of bitcoin" headlines that will pop up all over during today).
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
Count me in; it's worth a shot.  Cool
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