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

ralle14

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Quote from: hahay on April 29, 2021, 03:29:30 PM

So, how is the continuation of this tournament, is it going to make a new one with some changes or something?
But anyway, I am very curious about the results in this first round who will get the title "The Maharaja of Bitcointalk" or "The King of Bitcointalk"?
Interesting to look forward to! Cool

There's probably no continuation but vennali did said in his last post that there's more similar events in the works so it's likely we get to see another sportsbook contest in the near future. Maybe we'll see something along the lines of a pool prediction contest or survivor pool.

kryptqnick

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vennali, I'm sorry to hear about the COVID-19 situation. Of course, these days it's unpredictable and nobody can be consistently productive because there's always room for unexpected consequences. I was lucky enough to get my first shot of the vaccine this week, but it also depends on the country and circumstances.
Counting all the bets is a lot of work, so it'll probably take more time. I can see that my stats weren't updated yet.
Just let us know once it's done and whether we can help.
Good luck!

hahay

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So, how is the continuation of this tournament, is it going to make a new one with some changes or something?
But anyway, I am very curious about the results in this first round who will get the title "The Maharaja of Bitcointalk" or "The King of Bitcointalk"?
Interesting to look forward to! Cool

Adzivu

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Activity: 200

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Quote from: vennali on April 26, 2021, 03:05:37 PM

Quote from: Adzivu on April 26, 2021, 02:49:46 PM

Yeah, once you skip a day it's hard to get back.
I'd advise it to be highest yield ,and not ROI.
No need to set minimum odds or minimum amount of picks.
Only prematch picks count.

If it's a specific sportsbook it's hard because some users are limited at some bookies, not all bookies have the same offer, and so on.

Minimum amount of picks is not very important but it is put in just as a fail safe so that a contestant's skill is averaged out to an extant over a course of time. Also, to keep the spirit of the tournament going. I'll give you an example. Lets say a player bets 20x as their first bet and wins. He might just stop betting altogether after that and react based on the competitors. The other way works as well, if you lose 1 bet, the min limit give you hope to carry on betting as there are 19 more bets to go and you'll surely win a fair few from them.

Also, can you explain what do you mean by yield? I had chosen ROI instead of +profits because from my testing, every other potential gauge can be exploitable. Lets say, we just calculate the difference of the stack from start to end. A person with 1 BTC will have a major advantage over a person with 0.001 BTC with respect to how much profit they've made. Please let me know. Once I'm done with the first installment. I am very much looking forward to host another contest which would me bigger and better. Could surely help the cause if you have any feedbacks on how to improve the current format.

Yield:
(aw - ab) / ab x 100%

where:
aw - Amount of winnings (how much money a player won)
ab - Amount of bets (how much money a player invested)

When you calculate ROI, the player that had a lot of bets on smaller odds will have advantage compared to the one that had the similar amount of bets on bigger odds.
You are only taking into the account the starting balance and end balance which is wrong because a player might not actually use the whole starting capital to obtain that profit.

It is general consensus among sports bettors that Yield is the way to go when calculating someones profitability.

slaman29

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Quote from: vennali on April 26, 2021, 09:30:13 AM

Let me wrap this up as soon as possible and there are more similar events in the pipeline. Could be a sportsbook specific instead of open to all sportsbook though. Let me know if you'd like to see more Open to all tournaments or a specific sportsbook ones (which would be easier to manage, since we can tweak the software for the bets to directly be entered into the contest). I should have updated the sheets on daily basis so its easier to follow the standings. Hopefully next time.

Yeah, would be looking forward to that. I did join as I said but stopped because it was too hard to follow the leaders anymore but I would suggest a specific sportsbook, easier to share bet IDs instead of screenshots (so the sportsbook can verify for you). And yeah easier to follow daily updates would be really cool to motivate people to keep posting:)

Good luck next time:)

Timelord2067

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I couldn't agree more - AFAIK all of my wagers have been run - not sure if anyone else has outstanding bets (it'd be funny if we were waiting on something like the NFL or Wimbeldon results with a 100:1 wager) Wink

Anyways, I don't think I'll claim the title as most of my wins were ~ 2:1 (not enough of a win)

nelson4lov

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Quote from: vennali on April 26, 2021, 03:13:38 AM

I have started the count again. I should get it done by 27th night and the results will be announced right after. Good luck everyone.

Sorry about the delay. I'll address all the questions here if there's any. Will also look into previous queries in a bit. Thanks for your patience. COVID has been very harsh on my family and I have been going through a tough time at the moment. Things are better and I'm back to work.

Welcome back vennali. Sorry about the covid-19 situation with you and your people and its nice that you didn't let it weigh you down. I have been hoping you would get back and give us an update about the contest since it ended at the beginning of the month. Good luck to other participants especially those who had the highest number of bets like @Saint-loup and others. I didn't participate actively due to other engagements I have in life and also because I wasn't seeing my progress as the competition progressed. Good luck to everyone and once again, welcome back. I'd be looking forward to the update to the spreadsheet and announcement of the winners.

vennali

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Quote from: Adzivu on April 26, 2021, 02:49:46 PM

Yeah, once you skip a day it's hard to get back.
I'd advise it to be highest yield ,and not ROI.
No need to set minimum odds or minimum amount of picks.
Only prematch picks count.

If it's a specific sportsbook it's hard because some users are limited at some bookies, not all bookies have the same offer, and so on.

Minimum amount of picks is not very important but it is put in just as a fail safe so that a contestant's skill is averaged out to an extant over a course of time. Also, to keep the spirit of the tournament going. I'll give you an example. Lets say a player bets 20x as their first bet and wins. He might just stop betting altogether after that and react based on the competitors. The other way works as well, if you lose 1 bet, the min limit give you hope to carry on betting as there are 19 more bets to go and you'll surely win a fair few from them.

Also, can you explain what do you mean by yield? I had chosen ROI instead of +profits because from my testing, every other potential gauge can be exploitable. Lets say, we just calculate the difference of the stack from start to end. A person with 1 BTC will have a major advantage over a person with 0.001 BTC with respect to how much profit they've made. Please let me know. Once I'm done with the first installment. I am very much looking forward to host another contest which would me bigger and better. Could surely help the cause if you have any feedbacks on how to improve the current format.

Adzivu

member

Activity: 200

Merit: 12

Yeah, once you skip a day it's hard to get back.
I'd advise it to be highest yield ,and not ROI.
No need to set minimum odds or minimum amount of picks.
Only prematch picks count.

If it's a specific sportsbook it's hard because some users are limited at some bookies, not all bookies have the same offer, and so on.

vennali

legendary

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Quote from: slaman29 on April 26, 2021, 04:57:07 AM

Glad to hear about that vennali. I did see myself also the sheets were taking so long to get updated it was hard for me to follow the standings, which is part of the reason I stopped posting bets myself. Other than the fact I was for sure going to lose of course;) I wish good luck to all participants and good counting to OP!

Quote from: peter0425 on April 26, 2021, 04:35:36 AM

Why did i Missed this event lol, I'm too lazy checking the thread from the beginning because of not familiarity in the word Maharaja Grin

Anyway Since this was ended last april Mid , so congratulations to all the winners.

Let me wrap this up as soon as possible and there are more similar events in the pipeline. Could be a sportsbook specific instead of open to all sportsbook though. Let me know if you'd like to see more Open to all tournaments or a specific sportsbook ones (which would be easier to manage, since we can tweak the software for the bets to directly be entered into the contest). I should have updated the sheets on daily basis so its easier to follow the standings. Hopefully next time.

slaman29

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Glad to hear about that vennali. I did see myself also the sheets were taking so long to get updated it was hard for me to follow the standings, which is part of the reason I stopped posting bets myself. Other than the fact I was for sure going to lose of course;) I wish good luck to all participants and good counting to OP!

peter0425

sr. member

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Why did i Missed this event lol, I'm too lazy checking the thread from the beginning because of not familiarity in the word Maharaja Grin

Anyway Since this was ended last april Mid , so congratulations to all the winners.

vennali

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I have started the count again. I should get it done by 27th night and the results will be announced right after. Good luck everyone.

Sorry about the delay. I'll address all the questions here if there's any. Will also look into previous queries in a bit. Thanks for your patience. COVID has been very harsh on my family and I have been going through a tough time at the moment. Things are better and I'm back to work.

Timelord2067

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Quote from: hahay on April 21, 2021, 04:24:40 PM

...

Perhaps instead of riding the OP, you actually read their posts and then you will see they have some real life issues that take precedence over your need to in the running for a monetary prize. No one else is being so impatient. This is meant to be a friendly competition, please keep that in mind next time you want to click "reply"

hahay

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Quote from: Timelord2067 on April 21, 2021, 12:10:05 PM

Quote from: hahay on April 21, 2021, 11:09:19 AM

It seems like it's been more than a week but there hasn't been any updates about this tournament, what are the obstacles for this delay?
I hope everything can be resolved soon, even though I realize I am not the champion but at least solving this faster is something that is good and will be a plus.

Hmm, the post above yours perhaps? I placed bets on events that are taking place this week-end (The Oscars) so perhaps they are being included as they were placed prior to the cut-off date??

Hope your father is resting well and makes a full recovery @vennali - take your time, Real Life is more important.

Which post, if you are questioning about the tournament ending time at least you can find it in the OP.

Quote from: vennali on March 03, 2021, 06:04:05 PM

- Tournament starts at 0:00 GMT 15th March.
- Ends at 12th April GMT.

I don't know anything about that, if there are still questions then it would be better to wait for further information from @vennali, because I am also curious about the continuation of this tournament.

Adzivu

member

Activity: 200

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Real life comes first.

That's why I stopped posting bets.
It's hard to manage all the stuff and update every users bets.

Timelord2067

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Quote from: hahay on April 21, 2021, 11:09:19 AM

It seems like it's been more than a week but there hasn't been any updates about this tournament, what are the obstacles for this delay?
I hope everything can be resolved soon, even though I realize I am not the champion but at least solving this faster is something that is good and will be a plus.

Hmm, the post above yours perhaps? I placed bets on events that are taking place this week-end (The Oscars) so perhaps they are being included as they were placed prior to the cut-off date??

Hope your father is resting well and makes a full recovery @vennali - take your time, Real Life is more important.

hahay

legendary

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It seems like it's been more than a week but there hasn't been any updates about this tournament, what are the obstacles for this delay?
I hope everything can be resolved soon, even though I realize I am not the champion but at least solving this faster is something that is good and will be a plus.

vennali

legendary

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Merit: 1081

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Quote from: Timelord2067 on April 12, 2021, 10:32:00 PM

Quote from: vennali on April 12, 2021, 02:41:31 PM

I will count 12th April for the contest(until midnight GMT). I'll start the count in a few hours and will carry on to try and get to the result. Calculation will be done in the next 24hrs.

Sorry for the delay in response.

I've just seen this post, can you please advise whether or not bets placed for the next few days or even weeks away will count towards this competition? If so, I have bets as far away as the Oscars on the 25^th of April (and I'm certain I'm not the only one who has bets that play-out after today)

Good question. I will consider it since they are placed within the time limit. This will only delay the price distribution but I suppose that is okay. Sorry about the delay. I have landed in a tough situation in the past week as my father hasnt been feeling well and we suspect it could be covid(He has taken 1 vaccine shot as of now, 4 weeks ago). Going to get tested just now. I will start updating spreadsheets right after I reach back home.

Timelord2067

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Quote from: vennali on April 12, 2021, 02:41:31 PM

I will count 12th April for the contest(until midnight GMT). I'll start the count in a few hours and will carry on to try and get to the result. Calculation will be done in the next 24hrs.

Sorry for the delay in response.

I've just seen this post, can you please advise whether or not bets placed for the next few days or even weeks away will count towards this competition? If so, I have bets as far away as the Oscars on the 25^th of April (and I'm certain I'm not the only one who has bets that play-out after today)

Topic: 🏆The Maharaja of Bitcointalk🏆 Sports bets Tournament by Sportbet.one (Read 1918 times)