Welcome to the SY Nations Cup II prediction contest, a big thank you to SY for sponsoring this with a prize pool of
$1 000 US :!: Updated Rules Sections for next stage of the tournament.
This year the prediction contest will consist of two methods. Both methods have been used before in recent tournament. These methods are a match predicting contest (like WSVG) in the Group Stage and a wagering/odds betting contest (like War is Coming) for the latter stages of the tournament.
This topic is for the prediction contest for the Knockout Stage and the Final Round Robin Stage, wagering/odds betting. The premise of this is simple: The participants can wager on the outcome of various matches throughout the Knockout Stage and the Final Round Robin Stage.
The idea is fairly simple: everyone starts out with 500 “points”, hereafter referred to as “gold”, and each week will be given the option to bet their gold on the outcome of the various matches that week.
Choose correctly and you'll win more gold.
Choose incorrectly and lose the gold you wagered.
Take your (hopefully) winnings and reinvest them into wagers next week and try to get even more gold! Have more than everyone else at the end and win some fantastic prizes!
There are, of course, some complications that make this a bit more complex than just that of course. For full details, please read the full Rules below. For example, though this tournament does have quite an even playing field, there are certainly some “Favorites” who many would expect to easily win against certain other teams in their groups and such. It wouldn't be fun if everyone could just lay all their gold down on “Team Goliath” to beat “Team David” every week. Perhaps the fairer wager might be something like “Team Goliath beats Team David 3-0” or so. Alternatively, perhaps wagering on Team Goliath might only give you a small payout, while wagering on the underdogs would give you a substantial return (Odds betting, in other words). While we're at it, why not throw in some wagers that aren't even about who wins the match? Why not do some fun prop bets, like, say, who will have the highest score in Game 1?
Rules |
General Rules
- There is no sign-up required. Participants may immediately jump in and place wagers at any point for the duration of the contest.
- Participants who are part of the tournament are allowed to participate. However, they will not be allowed to place wagers that relate to any match they or their team is a part of.
- Only one entry per participant is allowed. Using multiple accounts to participate will result in disqualification.
- Prediction contest admins are nimanoe and prv_limb. Admins can always be contacted with any questions or other things concerning the contest.
- Rules are subject to change as deemed necessary.
- You must have a PayPal account to receive your prize.
General Wagering Rules
- Each participant starts out with a bank of 500 gold to use, participants who have entered the Group Stage prediction contest will receive a bonus based on the amount of points gathered during the group stage. This bonus will be 2 times the amount of points gathered, so for example if a participant ended the Group Stage prediction contest with 100 points, the said participant will start with 500 + (100 x 2) = 700 gold (200 gold bonus) or if a participant ended with 50 points, that participant will receive a bonus of 50 x 2 = 100 gold. A leaderboard with the starting amount of gold will be posted along with the first bets. You can find this leaderboard here.
- A participant may not bet more gold than they have. If a participant reaches 0 gold, they can no longer participate in the contest.
- Every week there is a limit to how much a player may spend per bet, for the first week the limit will be 100 gold per bet. The height of limit will be included in the forum post with the bet for that week. The purpose of this is to prevent people from going “all-in” in the last week in an attempt to get first place when there is obviously no penalty for busting. The idea of this contest is to reward excellence over the course of the tournament, not being decent over the tournament and lucky in the last week. This figure may be adjusted depending on standings in the last few weeks.
- After placing a wager, the player will appear on the leaderboard post. The leaderboard will show, in addition to the total gold for that player, how many are “Available” and how many are “Wagered”. Wagered gold are defined as gold that are tied up in a wager that has not yet concluded. Available gold are all the remaining gold the player has left. You may only use “Available” gold to place new wagers.
- The leaderboard does not update in real time. It updates as often as we get around to updating it. It is therefore recommended that each player keeps tabs on their own wagers to be sure they actually have the available gold before placing wagers if necessary.
Wagering Structure and Tickets
- For each “week” of the tournament, a list of available wagers will be posted in a separate thread. In order to place a wager, players will fill out a “ticket” by replying to the thread. For the last week the wagers can only be submitted through PM.
- A ticket consists of a list of the wagers chosen and the amount of the wager. A ticket does not need to consist of every available wager for that week. Participants may choose to take as many or as few wagers as they choose. See the weekly wager list for details.
- Tickets will be rejected if a) they are not filled out correctly, b) the participant wagers an amount he/she does not have available, c) the participant wagers on a match he/she potentially is participating in, or d) breaking any other rule.
- You are allowed to edit your future bets up until the entry deadline. Please mark on your entry somewhere that you made an edit. Any edits made after the deadline will void that entry.
- Entries must be submitted using the template in the respective topics.
- You MAY NOT place wagers on both outcomes of the same bet.
- Tickets for that week will be accepted up until 23:59 GMT on Tuesday of that week, unless another deadline is stated in the forum post for that week. This should give you at least one full day for every bet from the previous week to conclude. If a match is scheduled for before that time, that particular wager will close at the scheduled time.
Other Rules
- Unless otherwise specified, all wagers do not consider restarted games as part of the match. If a wager is regarding the first game, for example, it refers to the first completed game and does not count anything that may happen in any restarted games prior.
Prizes |
Prizes for the whole contest:
1st - $500
2nd - $250
3rd - $125
4th - $75
5th - $50
1st - $500
2nd - $250
3rd - $125
4th - $75
5th - $50
Scoring |
- The majority of the wagers will be even money wagers. This means that if you bet 50 gold, you will either win 50 gold or lose 50 gold. Your potential payout is the same as your wager.
- Some wagers will be set up as Odds bets where the payout will vary. These will be structured as followed:
Team A vs. Team B: Who will WIN this matchup?
A. Team A (Odds: 1.5) B. Team B (Odds: 3.0)
The odds listed represent the decimal payout of your wager. For example, if you wagered 50 gold on Team A, you would get 1.5 x 50 = 75 gold for a win, or a net of 25 gold. If you wagered on Team B, a win would get you 50 x 3.0 = 150 gold, or a net of 100 gold. In both cases, you would lose your 50 gold wager if you did not win the bet. Even money betting (EVS) is the same as if both outcomes had an odds of 2.0. If odds are not specified, the wager is an even money wager.
If you wish to participate but do not want your entry public, you may submit an entry via PM.
The Prediction Contest Forums can be found here.
Good luck!