It would all work the same way...
Idea is...pay $100 to the company running the contest, and or a 3rd party firm everyone would feel confident about.
Based on final number of entrants, the % of monies awarded equal 100% of the entry fees.
Pay out top 20 and be done with it.
I know a site that runs it for free now, but online cash payout work better in my opinion.
Idea is...pay $100 to the company running the contest, and or a 3rd party firm everyone would feel confident about.
Based on final number of entrants, the % of monies awarded equal 100% of the entry fees.
Pay out top 20 and be done with it.
I know a site that runs it for free now, but online cash payout work better in my opinion.
If it was an online contest, it would differ in many ways from the Hilton.
The Hilton contest is run by a Vegas based licensed Sporstbook, and entrance fees and weekly selections must be done in person, albeit local "proxies" can be utilized.
A contest that has the kind of payout plan you are proposing would have to be run by an off shore book. A US based website could not run it. It would be difficult for a US-based website to even promote it under the current climate.
If an off shore book did sponsor it, they would have to make sure that the actual plays of the contestants are posted for all to see, a reasonable amount of time before the kick off of the first game on the weekly schedule.(That's a particular problem with Arena FB, with the games spread out over several days, selections would have to be posted early in the week, cutting down on the amount of time you have to research your plays, since you also have to wait for the last game of the current week to be played, plus maybe a day for the opening line to settle down a bit before posting the "contest line.")
The sponsoring offshore book should be able to pay out 100% of all monies bet, since they have no risk plus get to sit on the money for the whole season.
If the contest was successful, they should even sweetin' the pot, since they would be getting lots of extra visits to their site from people visiting the site to see the weekly selections and results of the contestants.
Without the display of the selections in advance, any contest is suspect.
That's the problem with all those monitoring sites out there.
I wonder if there is one off-shore book that would garner enough entrants to make this a "real" national contest like the Hilton's is for Las Vegas.
The Hilton contest is run by a Vegas based licensed Sporstbook, and entrance fees and weekly selections must be done in person, albeit local "proxies" can be utilized.
A contest that has the kind of payout plan you are proposing would have to be run by an off shore book. A US based website could not run it. It would be difficult for a US-based website to even promote it under the current climate.
If an off shore book did sponsor it, they would have to make sure that the actual plays of the contestants are posted for all to see, a reasonable amount of time before the kick off of the first game on the weekly schedule.(That's a particular problem with Arena FB, with the games spread out over several days, selections would have to be posted early in the week, cutting down on the amount of time you have to research your plays, since you also have to wait for the last game of the current week to be played, plus maybe a day for the opening line to settle down a bit before posting the "contest line.")
The sponsoring offshore book should be able to pay out 100% of all monies bet, since they have no risk plus get to sit on the money for the whole season.
If the contest was successful, they should even sweetin' the pot, since they would be getting lots of extra visits to their site from people visiting the site to see the weekly selections and results of the contestants.
Without the display of the selections in advance, any contest is suspect.
That's the problem with all those monitoring sites out there.
I wonder if there is one off-shore book that would garner enough entrants to make this a "real" national contest like the Hilton's is for Las Vegas.
Since I am in the Hilton COntest, I am very aware
of the how the rules work.
A free version is running now on www.cappershaven.com, scoring and all is the same as Hilton, all picks are posted and if any are edited, they are a cancelled for that week.
The schedule of the AFL is not so bad, so a designated betting line and time line would be established for all to follow.
Not one complaint on how we have run it all year.
Since we're also at the top of the Hilton list..we have a good guage on how to make sure contest of this magnitude is to be operated.
So, if I understand it right, you all would be willing to make a deposit in a sportsbook and allow them to hold the money for payouts?
Also, if this would be a go...I can do a weekly segments on our upcoming internet tv show to gain more interest and promote it on our upcoming national radio show...
Tell me what to do to make this work.
of the how the rules work.
A free version is running now on www.cappershaven.com, scoring and all is the same as Hilton, all picks are posted and if any are edited, they are a cancelled for that week.
The schedule of the AFL is not so bad, so a designated betting line and time line would be established for all to follow.
Not one complaint on how we have run it all year.
Since we're also at the top of the Hilton list..we have a good guage on how to make sure contest of this magnitude is to be operated.
So, if I understand it right, you all would be willing to make a deposit in a sportsbook and allow them to hold the money for payouts?
Also, if this would be a go...I can do a weekly segments on our upcoming internet tv show to gain more interest and promote it on our upcoming national radio show...
Tell me what to do to make this work.
