I think you are making this complicated, let me summarize the points to consider in this contest based on the rules per OP.
1-Make sure the bets are settled within 21st December 23:59:59 UTC.
Explanation
(any bets that are settled outside that period is not anymore considered as valid entries. )
2-Must post betslip within 48 hours after settling.
Explanation
Post all your qualifying betslips within 48 hours after the cut off (within 21st December 23:59:59 UTC) as that's your entry to the contest.
3-After 48 hours of cut off time.
Explanation
After the 48 hours cut off time to post your qualifying betslips, the team and LM will determine the winners.
Lol nothing complicated buddy...
Was just trying to clear things out as a loophole in this round was found and there is a possibility of another loophole of say someone just placing 200 bets today the 21st and hope to have a 30% winning chance which means I have ~60bets in green and can post this on the 22nd as these are valid entries that fulfill the need to be settled before 21st December 23:59:59 UTC...
Yes, that's valid, so it's not a loophole. Unless you are trying to complicate the rules.
I'm sure LM will make an adjustment next time to make this contest more interesting, but as of now, we need to play with the rules.
Perhaps question should be , "when are winners going to be declared
It was already answered by LM if you will backread a bit, winners will be declared after the 48 hours period.
or does the contest thread remain open or locked after 23:59 ?"
LOL! are you kidding me? If you really understand the rules, you would not ask this kind of question.
I have a very simple answer for you. If it will be locked after 23:59 (dec 21), how can we post our entries?