Any news on when/if we’ll be starting to think about the structure of next seasons pool? It isn’t that long to go really, if we want a lot of players it might be good to start thinking.
Bump for this thread any way ^^
I was just waiting for confirmation from the sponsor as I didn't want to announce something and get everyone's hopes up for it to fall through. So, the good news is that Sportsbet will be sponsoring the next pool. They've agreed to put 0.15 into the pot, provide a $50 free bet to every yellow cap of the week, and also participants will get a free Watford shirt upon entry if they want one (and subject to availability). Now, my question to you guys is how much should we charge as an entry fee? The prizes this year are much better and may attract a lot of interest so I don't want to make the entry fee too low and I don't want to price people out of joining, but it would be nice to find a middle ground. Whatever the entry fee is is probably worth the shirt alone and all you need to do is win one yellow cap and you're in profit. I've tabled out below the potential entry fee, how much it currently is in GBP and how big the pots will be depending on how many users join. Last year we had a little over 30 so I think we should easily get that minimum this year and I already have a handful of new users ready to join, but we could get many more as the prizes are quite lucrative as I'm sure you will agree. I think if we get 40-50 users I will pay the top ten places out as well, but 5-10 will likely be consolation prizes. I may also do the consolation prizes again for the top 5 highest scorers from a round overall but I'll see how much is left in the pot and don't forget you still get the $50 free bet to the weekly winner. If we only get around 30 users I'll probably just do the top 5 again and top 5 weekly highest round scorers like last year, but I think we should have no problem getting 30 users+ and I'm hoping we can get at least 0.15 from users to take the pot to 0.3.
Potential entry fee and current value:
0.003 = £26.16
0.0035 = £30.52
0.004 = £34.87
0.0045 = £39.26
0.005 = £43.62
0.003 x 30 = 0.09
0.003 x 40 = 0.12
0.003 x 50 = 0.15
0.0035 x 30 = 0.105
0.0035 x 40 = 0.14
0.0035 x 50 = 0.175
0.004 x 30 = 0.12
0.004 x 40 = 0.16
0.004 x 50 = 0.2
0.0045 x 30 0.135
0.0045 x 40 0.18
0.0045 x 50 0.225
0.005 x 30 = 0.15
0.005 x 40 = 0.2
0.005 x 50 = 0.25
Assuming a pot of 0.3 prizes will likely be as follows:
1st 0.1
2nd 0.05
3rd 0.04
4th 0.03
5th 0.02
6th 0.01
7th 0.01
8th 0.01
9th 0.01
10th 0.01
= 0.29
Maybe 0.01 for the highest scorer of a round over-all or use towards paying fees. I'm open to suggestions though. What do you guys think? I'm thinking of aiming for 0.0035 -
0.004, but 0.005 is a much more nicer number
.