I see that mutual betting threads started with the world cup and IPL and you guys would have wanted to have wider participation. It'd be great if we can lower the entry barrier in terms of information as well as entry fee in the beginning.
There was no entry fees for Previous pool (IPL and WC), they were open to everybody. Some perks as hanging out with other cricket fans and few drawback as well, such as small amount of prize and attracting fair amount of spammers. First IPL pool prize was sponsored by Royse and World Cup pool by Royse, Me, Pffrt and Ronnie ( Cloudbet - Free spins for Round winners).
Entry fees for upcoming IPL pool which is schedule in End March ( 28th march) is open to discussion and not fixed yet. So far 7 members are interested in Paid Pool (All amount is for Prize pool ) and i believe more members will join us in the conversation next month. if we reach close to 15 participants then we can say that job well done.
Let me make a list as we progress of the interested users and so far the list have:
Interested Users - Proposed Entry Fee
Royse777 - $20+
JSRAW - $5 to $20
akhjob - 15$ to 30$
SaShiRaJaVu - 0.001 BTC
RapTarX - 0.001 BTC
Haunebu - 0.001 to 0.002 BTC(Current price)
teosanru - $5-$10
I have no idea how mutual betting will work. I know i should start with registering the superbru app but it all feels too much self-navigation. I suggest that it'd be awesome if someone experienced can ELI5 things a bit for everyone. For example:
1. What is a mutual betting pool?
For mutual pools you don't need to register in superbru. superbru is for IPL or any ICC tournament only. As of now "Mutual betting pool" is for interested parties to bet among themselves here in Bitcointalk.
2. What do i place my bets on? Match results? Player rankings?
Match results only. Royce tried the multibet bet on the same match but that experiment kinda failed because no one won the single round ( Royse was bookie)
3. How do i win or lose?
So far only 3 Market to chose in mutual pools: Regular over
Win - Tie - Win so its simple opt for right one.
4. Even if i don't care about winning or losing, whats the fun part in it?
As far as i understand Mutual pools for single game are another experiment for Royse just to keep community engage and checking the waters. I with few members supporting him by participating in every experiment. not much fun due to low number of participants but sometimes we get to rub each other face when someone lose, Okay experience i would say. if this mutual pool experiment fails in a longer run then he might come up with new one or not? Depends on him and community.
For big tournaments such as IPL and WC (We use Superbru for this) situation is completely different due to many reasons. Majority of users are into it so it brings best out of it, interesting analysis of different teams, players. Good betting tips are part of it. Pakistani and Indian fans bantering, Bitching, small prize money and so on..... Its fun in short.