- Jun 5, 2014
- 37,034
- 98,076
Founding Member
Okay, I'm always looking to add more free features which I think could add some fun to the experience at Gatorchatter. This is one that could be a hit, or could bomb. No guts, no glory.
What we have here is basically virtual betting. There is no real money involved, this is just for fun. In short, proposed outcomes from real events will be posted, and you can bet on them. The possibilities are absolutely endless. For example on the sports front, we'll have a ton of wagers on the upcoming Gator game each week. Things like total points and spread points, as well as individual stat wagers. Will Luke Del Rio throw for 300 yards? Place a wager. Will the Gators get 5 sacks? Place a wager. The parameters and odds can be set by whoever is creating the outcome. I'll probably have a few posters that put up bunches of games every week (college and pro) using the Vegas lines, but anyone will be able to go into those individual events and create more outcomes, such as player stats.
Every existing and new member will start with $1,000. When you hit $0, you will be given $250 at midnight on Tuesdays. Obviously, the point is to pile up as much money as you possibly can. The Top 5 money leaders at the end of the Super Bowl on February 5, 2017 will win prizes (to be announced at a later date).
There are "Events" (i.e. Florida vs UMass), and then there are "Outcomes" within those events (i.e. Luke Del Rio throws for 300 yards). So there will only be one event for each game, and as many outcomes within the event as people want to create. When you create a new event, a thread for it is automatically generated in the Sportsbook section of the forum. When you create a new outcome for that event, it will automatically generate a post in the existing event thread, describing the new outcome and welcoming bets. Again, the system will generate the thread or the post automatically, you do not have to do it manually. They will look like this:
Thread:
Post:
The point is to make the outcomes in the events fair - no obvious gimmes. In other words, someone could start a bet that pays 1000 to 1 that Luke Del Rio will throw for 5 yards, or that Thompson will fumble the ball, in order to rack up a huge and easy payday. That obviously won't fly, so the outcomes will be monitored and removed if necessary. Using the Vegas odds if possible will always be the best reference. If Vegas odds for a particular outcome don't exist, you have to do the best you can. For example, for the UMass game the odds on one outcome are 1/1 that Del Rio will throw for 300 yards (a $10 bet pays off another $10), but there is a separate outcome that pays off 4/1 (a $10 bet pays off another $40) if he throws for 400 yards. Why 4/1? It just sounded good to me. If your odds are too low (particularly on unlikely events), people won't bet and your effort becomes a waste of time. If someone wanted to start an outcome with 25 to 1 odds (or greater) that he'll throw for 500 yards, go for it! The flexibility is the fun of this thing.
The secondary part of this system is the Betting Exchange. In short, the Betting Exchange is when two people want to bet each other on anything. I could set up a bet with Law for $100 that the Gators will beat UMass by 50. Or that Trump will beat Hillary. Or that a movie coming out in a month will have at least an 80% approval on Rotten Tomatoes. It's literally anything you want, with any odds you want. Instead of these stupid sig and avatar bets, you can put your virtual money where your mouth is.
You can also create a challenge and leave it open for anyone else to take you on - it doesn't have to be aimed at one person.
What we have here is basically virtual betting. There is no real money involved, this is just for fun. In short, proposed outcomes from real events will be posted, and you can bet on them. The possibilities are absolutely endless. For example on the sports front, we'll have a ton of wagers on the upcoming Gator game each week. Things like total points and spread points, as well as individual stat wagers. Will Luke Del Rio throw for 300 yards? Place a wager. Will the Gators get 5 sacks? Place a wager. The parameters and odds can be set by whoever is creating the outcome. I'll probably have a few posters that put up bunches of games every week (college and pro) using the Vegas lines, but anyone will be able to go into those individual events and create more outcomes, such as player stats.
Every existing and new member will start with $1,000. When you hit $0, you will be given $250 at midnight on Tuesdays. Obviously, the point is to pile up as much money as you possibly can. The Top 5 money leaders at the end of the Super Bowl on February 5, 2017 will win prizes (to be announced at a later date).
There are "Events" (i.e. Florida vs UMass), and then there are "Outcomes" within those events (i.e. Luke Del Rio throws for 300 yards). So there will only be one event for each game, and as many outcomes within the event as people want to create. When you create a new event, a thread for it is automatically generated in the Sportsbook section of the forum. When you create a new outcome for that event, it will automatically generate a post in the existing event thread, describing the new outcome and welcoming bets. Again, the system will generate the thread or the post automatically, you do not have to do it manually. They will look like this:
Thread:
Post:
The point is to make the outcomes in the events fair - no obvious gimmes. In other words, someone could start a bet that pays 1000 to 1 that Luke Del Rio will throw for 5 yards, or that Thompson will fumble the ball, in order to rack up a huge and easy payday. That obviously won't fly, so the outcomes will be monitored and removed if necessary. Using the Vegas odds if possible will always be the best reference. If Vegas odds for a particular outcome don't exist, you have to do the best you can. For example, for the UMass game the odds on one outcome are 1/1 that Del Rio will throw for 300 yards (a $10 bet pays off another $10), but there is a separate outcome that pays off 4/1 (a $10 bet pays off another $40) if he throws for 400 yards. Why 4/1? It just sounded good to me. If your odds are too low (particularly on unlikely events), people won't bet and your effort becomes a waste of time. If someone wanted to start an outcome with 25 to 1 odds (or greater) that he'll throw for 500 yards, go for it! The flexibility is the fun of this thing.
The secondary part of this system is the Betting Exchange. In short, the Betting Exchange is when two people want to bet each other on anything. I could set up a bet with Law for $100 that the Gators will beat UMass by 50. Or that Trump will beat Hillary. Or that a movie coming out in a month will have at least an 80% approval on Rotten Tomatoes. It's literally anything you want, with any odds you want. Instead of these stupid sig and avatar bets, you can put your virtual money where your mouth is.
You can also create a challenge and leave it open for anyone else to take you on - it doesn't have to be aimed at one person.