Post by Barrister on Jun 24, 2009 5:01:30 GMT -5
Welcome to the TBL2 Sportsbook!
This is the place where everyone will be able to wager a few BLBs on the TBL2 games each week, and make a few extra pseudo-donaros to add to your BLB bank. Hopefully, it will also add another fun dimension to the league.
The Sportsbook Rules that Andy and I have been putting together are laid out below. They are based on something I’ve done in my home league for a long time and are intended to be simple, conservative, and “bettor-friendly”. Please read them carefully.
Simply stated, there are three kinds of bets you can make every week: 1) a 2-BLB bet on the team favored to win its TBL2 game; 2) a 1-BLB bet on the Underdog; and, 3) a 1-BLB bet on a “Three-Team Parlay”. You may bet on as many of the TBL2 games as you wish, or you needn't bet at all. The “Favorite” and “Underdog” in each game is objectively determined mathematically by simply comparing the points each team has scored to date during the season. Very simple, and, again, rather “bettor friendly” if you’re paying attention to things like injuries and bye-weeks which are not taken into consideration in establishing the lines. In fact, in Week 1 you'll even know the outcome of the Titan-Steeler game before the deadline for getting your wager in on Sunday.
Here's an example of how it works. In Week 1 the Collective Hive plays Football Buddah. Since in the first week no 2009 games have yet been played, the Week 1 line will be based soley upon the total points they each scored per game all last season. Since the Hive averaged 118.1 and Buddah 112.5, Loqutis would be listed as the “Favorite”, and Andy the “Underdog”. If you want to bet this game, you can wager 2 BLBs on the Hive (the Favorite) to win 1 BLB, or 1 BLB on the Buddah (the Underdog) to win 2 BLBs. You can also include one of them in a “3-Team Parlay”, where you pick three TBL2 teams to win for 1 BLB, with a payout of 3 BLBs if all three teams win. It’s really pretty simple once you get your feet wet a time or two.
Please read through the rules. Then if you’ve any thoughts or comments, post them here or let us know. Again, the primary intent of the TBL2 Sportsbook is to add another fun level of competition among league owners, as well as another league “contest” in which owners can make (or lose) a few BLBs during the course of the season.
Hope you like the idea.
Barrister
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TBL2 SPORTSBOOK RULES
1. WAGERS
a) There are three types of wagers:
1) 2 BLBs on a listed Favorite to win. Winners paid 1 BLB.
2) 1 BLB on a listed Underdog to win. Winners paid 2 BLBs.
3) 1 BLB “Three-Team Parlay”. Pick any three teams. If all three win, pays 3 BLBs.
b) GMs may place a single bet on either the Favorite or Underdog in as many of the weekly games they choose, but may make only one Three-Team Parlay bet. In doubleheader weeks, GMs may place 2 Three-Team Parlay bets.
c) GMs may not place a bet on a Favorite and another bet on an Underdog in the same game.
d) “Pete Rose Rule (Modified)”. GMs may bet on their own teams to win, but not against them to lose. This includes Parlay bets.
e) All bets are made “straight-up”, and not against any point spread.
f) Any TBL2 game that ends tied is considered a win for the GM.
g) The settlement of all wagers will be made on Tuesdays, and in no event later than Wednesday morning.
2. PLACING WAGERS
a) All bets must be posted under the appropriate thread in the forum.
b) All bets must be posted by no later than the
c) Once a bet has been posted it may not be retracted, modified nor deleted. However, if the post constitutes a bet that does not conform to these rules, it may be corrected in a new post. Under no circumstances may the original or subsequent corrective posting be modified or deleted.
d) Although GMs are encouraged to place all of their weekly bets in a single forum posting, GMs may make additional bets in subsequent postings.
(Example: A GM might post 2 bets on Wednesday; another bet on Friday; and, 3 more on Sunday morning. However, the additional bets after Wednesday require new posts in the forum, since a GM cannot change or delete any previous bets posted.)
e) Any posted bet not made in conformance with these rules will be null and void.
3. ESTABLISHING THE LINES
a) A weekly list of the Favorites and Underdogs in TBL2 games will be posted in the TBL2 forum.
b) The Favorite in each game will be the team that has scored the most average Total Points per game (TP/G), during the entire TBL2 regular and playoff season to date. Doubleheaders count as one game.
c) In Week 1, the Favorite will be the team that scored the most TP/G during the prior TBL2 regular and playoff season.
d) If the TP/Gs are the same for both teams, then both teams will be considered Underdogs.
4. MODIFICATION OF RULES These rules may be modified at any time for any purpose deemed to be in the best interest of the league.
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Rule Modifications:
2.c - Added "retracted," for clarification (9/12)
2.b - Amended to make betting deadline on Sunday, rather than Monday (9/13)
