Sweet 16 Auction - Official Bidding Thread!

[shdw01]

anyone down for this?

we all bid on teams and set an expiration time (sometime tomorrow) and at the end of bidding we have our horse for the NCAA tourney.

we can do winner take all or pay out 1st and 2nd place

 

[Defying]

explain bid?

 

[shdw01]

We post...I could say Virginia $5 then u can post Virginia $8...etc etc.

 

[shdw01]

Obviously you cannot bid less than current bid...and if same bid comes whoever got post in first wins

 

[HarryCaray]

Sounds really interesting and fun I'd be in

 

[shdw01]

due to trust issues we might be stuck on time but we could set a deadline like Thursday morning and payments have to be in ASAP (definitely before tipoff of that specific game)

 

[shdw01]

Bid away!

South:
1. Florida
4. UCLA
10. Stanford
11. Dayton

East:
1. Virginia
3. Iowa St.
4. Michigan St.
7. Connecticut

West:
1. Arizona
2. Wisconsin
4. San Diego St.
6. Baylor

Midwest:
2. Michigan
4. Louisville
8. Kentucky
11. Tennessee

 

[shdw01]

South:
1. Florida - $1 shdw
4. UCLA - $1 shdw
10. Stanford - $1 shdw
11. Dayton - $1 shdw

East:
1. Virginia - $1 shdw
3. Iowa St. - $1 shdw
4. Michigan St. - $1 shdw
7. Connecticut - $1 shdw

West:
1. Arizona - $1 shdw
2. Wisconsin - $1 shdw
4. San Diego St. - $1 shdw
6. Baylor - $1 shdw

Midwest:
2. Michigan - $1 shdw
4. Louisville - $1 shdw
8. Kentucky - $1 shdw
11. Tennessee - $1 shdw

 

[shdw01]

lets go 80% of pot to winner

20% of pot to 2nd place

 

[shdw01]

also need to set a deadline date/time. I guess since we are strapped for time, I say deadline is Thursday at 6pm EST.....rx timestamp at 6:01 are invalid

bids can be done multiple but after 5:45pm est on Thursday, only 1 bid per post

money to be sent, immediately. If not in before tipoff, first person to send $ will be granted that team not yet paid for

 

[Diesel00]

When does bidding start and end I have a live one tomorrow at 9 and work 6-4

 

[shdw01]

you can already start bidding....it will end on Thursday at 6:00pm EST

 

[shdw01]

minimum 150 posts to place bids....all bids from handles with under 150 posts invalid

 

[Diesel00]

Ok then the bid we pay is what we owe?

 

[shdw01]

Ok then the bid we pay is what we owe?

no one pays til after bidding is over because we won't know who wins until after

 

[Diesel00]

Sorry I'm confused how much is the pool lol. Is it what our bid is on a team

 

[BranFlakes]

If the person wins his/her bid for the team they pick on Thursday, could the money be sent via pp?

 

[shdw01]

If the person wins his/her bid for the team they pick on Thursday, could the money be sent via pp?

Yes...that is the preferred method for this.

 

[shdw01]

Sorry I'm confused how much is the pool lol. Is it what our bid is on a team

We are bidding actual money.

There is no cost for the pool except any winning bids

 

[slapshot]

Kentucky $2