As a reminder, the rules are:
Concept
Participants will submit as many (only bounded by betting limits, number of games, and bankroll) or as few (as low as zero) sports 'wagers' on NFL regular season games every week. The wagers can be in the form of a bet against a posted spread, an over/under against a posted total, or a money line bet against posted odds.
Bankroll
Each participant will start with an imaginary bankroll of $10,000. The bankroll will go up or down depending on the result of those wagers. The participants with the largest bankrolls at the end of the contest, will win as described in the Payout section below.
Wager Options
Against the Spread (ATS) - The participants will select the team and the amount they want to wager against a posted point spread. The wager amounts will be considered the amount bet and any winnings will be adjusted by the odds of that game. For instance, someone selects the Bears +4.5 for $550 at (-110), they will 'lose' $550 from their bankroll if the Bears lose by 5 or more, but will 'win' $500 toward their bankroll if the Bears win, or lose by 4 or less.
Over/Under (O/U) - The participants will select the game and the amount they want to wager against a posted total points scored between the two teams. The wager amounts will be considered the amount bet and any winnings will be adjusted by the odds of that game. For instance, someone select the Jets/Dolphins over 48 for $700 at (-115), the will 'lose' $700 from their bankroll if the combined score of the two teams is less than 48 points, will 'win' $608.70 toward their bankroll if the combined score of the two teams is greater than 48 points, or will not have any amount added to or removed from their bankroll if the combined score is exactly 48 points.
Money Line - The participants will select the team they are betting on to win the game and the amount they want to wager against posted money line odds. The wager amounts will be considered the amount bet and any winnings will be adjusted by the odds of that game. For instance, if someone select the Steelers for $1,000 at (+120), the will 'lose' $1,000 from their bankroll if the Steelers lose the game, but will 'win' $1,200 toward their bankroll if the Steelers win. In the rare event of a tie game, the bet is a push and there is not impact to the bankroll.
Note - A participant cannot bet on the opposite side of an identical wager type, even if the amount is different. For instance taking the over and the under in the same game is not allowed. In a similar vein, a participant cannot bet ATS for one team and the money line on the opposite team unless the spread is greater than a touchdown. This rule is in place to prevent participants from satisfying the minimum number of bets while at the same time, taking very little risk to their bankroll.
Betting Limits
The minimum wager will be $100.
The maximum wager will be based on a non-escalating 'win' limit of $2,000 per win. Therefore, for a normal ATS or O/U odd of -110, the betting limit would be $2,200 since that will produce a win of $2,000. For a money line wager you will need to calculate (or just ask me, I can do the calculation if you want) the amount to bet, so that the win doesn't exceed $2,000. So for example, a bet of $5,000 on a game with a money line of -500 is perfectly acceptable since it will produce a win of $1,000, but a wager of $800 on a game with a money line of +400 will not work since it will produce a win or $3,200 and therefore exceed the maximum. I will try to let you know if you have submitted a wager that exceeds the maximum win limit so you can adjust, but I cannot guarantee I will catch it. If a selection exceeds the maximum win limit, the wager will not be accepted.
Note - On a weekly basis, you may wager an aggregate amount up to but not exceeding your starting bankroll for the week. This includes ALL games for the week. So for example, if you had a winning wager on Thursday, you cannot 're-invest' those winnings on Sunday of the same week. This is for transparency sake. I will update the bankrolls once a week, and will post to the thread. Since part of the strategy is bet sizing partly based on the other's bankrolls, it should be clear how much someone else has available, and that will be the amount at the start of each week.
Number of selections
Over the course of a seventeen week season, each participant must place a minimum of 50 selections. This amounts to an average of less than 3 per week. There isn't a minimum number to be played on any given week. It actually can be accomplished in as little as two weeks if someone was so inclined. If a player doesn't fulfill the required minimum number of selections, be it because they went bust (or below the betting minimum), or they just forgot, they are ineligible to win.
Lines
I will post lines and odds for games generally no later than 36 hour before kickoff. I will post all Sunday and Monday games generally no later than 36 hours before the first Sunday game. I will not post adjusted or updated lines unless there is an obvious error. In that case, I will contact those who may have bet on the 'fouled' line, and declare it no bet.
Selection Rules
All selections should be submitted to me via PM. I will also provide participants with my email address only to be used in the case they are suspended (or worse) from WOV during the season. Selections should be sent to me no later than 1 hour before a Thursday or Saturday game, and no later than 3 hours (10 a.m. Eastern) for any of the Sunday or Monday night games. This will allow me to post all the selections before the games begin, or at the worst, shortly after. Like a bet in a sportsbook, once the wager is placed it cannot be cancelled by the participant, so please check all submissions before hitting 'send'
Entry Fee
$25 per participant, and I will accept up to two entries per person if you are so inclined. We will use LeagueSafe for collecting the entry fees and disbursing the payouts. You are welcome to check out the site, LeagueSafe. I think it addresses the concern about putting the entry fees in escrow, there are no-cost options for submitting the entry fee as well as collecting winnings, and it preserves anonymity. I haven't registered this league yet, so please don't try to submit an entry fee for this league until I send out links to confirmed participants. All money collected will go to the prize pool, with the exception of any fees deducted by LeagueSafe (which is 3%, or $0.75 per entry for a credit card payment).
Payouts
10-19 entries
1st - 65%
2nd - 35%
20-29 entries
1st - 55%
2nd - 30%
3rd - 15%
30+ entries
1st - 50%
2nd - 25%
3rd - 15%
4th - 10%
Eligibility
This is intended to be a friendly contest among members of this site. Therefore to play, you must be a WOV member in good standing (not on the suspension list, and not a known bet welcher). We need at least 10 confirmed entires to make this work. If we don't have 10 participants by the end of the day on 8/28, I'll scrap the idea.
Results and Contest Standing
Every Tuesday morning, I will post results from the week prior, as well as a contest standing summary with updated year to date bankrolls and year to date number of selections.
Disputes
Since I will not be participating, I will act as Commissioner and try to moderate a reasonable solution to any disputes. In the event that cannot happen, the dispute will be be voted on by the contest participants. Majority rules on all issues, and I break ties if there happens to be one.
Disclaimer
The Wizard is not proposing, developing, administering, nor endorsing this contest, and as such is not responsible for resolving any disputes or making any payments. This contest can be ended at any time by the request of Mike and if so, the prize pool will be distributed equally regardless of the contest standings at the time.
Vendman1
steeldco
JohnZimbo
GWAE
ATLiens
StrictlyAP
BeachBumBabs
Ayecarumba
EdCollins
wudged
Not everybody has deposited the entry fee, so if you have not, please do so before the end of the day on Saturday 9/6. You should all have received a PM from me with those instructions. You can't submit a pick until the entry fee is taken care of.
Team | Spread | Over/Under | Money Line |
---|---|---|---|
Green Bay | +5.5 | 46 | +210 |
Seattle | -5.5 | 46 | -250 |
Quote: beachbumbabsSorry to be such a newbie at this. I don't understand the difference between the moneyline and the ATS. Could someone give me a short and sweet explanation, please? is the moneyline a straight win/lose bet, no points, but the odds paid reflect what the book thinks the result will be?
Yes. The moneyline is a straight win/lose bet, no points given or taken. If you choose the favorite, you must front more to win less. If you take the underdog, you put up less to win more. See the first post in this thread for an example.
Quote: MidwestAPThe members who indicated they wanted to play were:
Vendman1
steeldco
JohnZimbo
GWAE
ATLiens
StrictlyAP
BeachBumBabs
Ayecarumba
EdCollins
wudged
Not everybody has deposited the entry fee, so if you have not, please do so before the end of the day on Saturday 9/6. You should all have received a PM from me with those instructions. You can't submit a pick until the entry fee is taken care of.
Please note that there is a .75 cent fee to submit your funds to the escrow, unless you already have funds with Leaguesafe.
Quote: AyecarumbaPlease note that there is a .75 cent fee to submit your funds to the escrow, unless you already have funds with Leaguesafe.
I think that is only with a credit card. As i understand it, and electronic check has no fee. We'll accept either one, the prize pool will be adjusted by the fee if one chooses to use a card.
While the page says no fee for echeck, when I tried to pay the message was that a "flexible" option was selected, and that all payments, except transfer from existing Leaguesafe funds, would incur the 3% fee.Quote: MidwestAPI think that is only with a credit card. As i understand it, and electronic check has no fee. We'll accept either one, the prize pool will be adjusted by the fee if one chooses to use a card.
Quote: AyecarumbaWhile the page says no fee for echeck, when I tried to pay the message was that a "flexible" option was selected, and that all payments, except transfer from existing Leaguesafe funds, would incur the 3% fee.
Well that's tricky of them. They offer a free e-check option, but if I had selected this option, then credit cards are not permitted. The flexible option setting (which allows both credit cards and e-checks) incurs a 3% fee regardless of which option is selected.
I missed this on my original review of the options, so, I will make up the $0.75 difference per entry once we know how many have entered.
Quote: FunkyDoctorAdd me to the list of players and please PM me the link to pay the fee. Thanks for your efforts to put this together and run it for everyone.
I've sent the information.
We have plenty of room for anyone else interested in playing!
Quote: speedycrapI am a bit puzzled. For a gaming forum with so many members. Only a handful is willing to put up $25 for a NFL contest.
I as well. I have tried to setup 2 separate contests and both had no interest. 1 was a few weeks back and it was a fantasy league. I can not believe that a bunch of gamblers that spend a lot of time on this site have no interest in actually gambling.
Quote: JohnzimboIt comes out to less than $1.50 per week for some fun entertainment. I also am surprised how few people want to try it
I view it as a lot of work for not a lot of action.
Quote: GWAEoh and I will get my money paid at some point this week. I am still in but won't be picking anything in the Thursday night game.
No problem, you have until the end of the day Saturday to submit the entry fee.
Quote: AxiomOfChoiceI view it as a lot of work for not a lot of action.
totally agree
Quote: beachbumbabsI booked. Was pretty shy about it, though. I'd hate to bust out of my BR in the first couple weeks.
Not a problem. A lot can happen over the course of a season.
While we haven't reached 'last call' for the contest, we are down to the last several days to sign up!
Quote: icecapperI'd like to join this if still possible. Please send me info and I will pay immediately. Thanks
Info is on it's way
Quote: beachbumbabsUnless I effed up my trial bets (understanding what I bet on - entirely possible, as I demonstrated last year), I won them both! Yay me! Too bad I was timid about amounts.
I am soooooo bad at sports betting. I had a small amount on last nights but I had GB to win straight up. I couldn't have been further from correct.
Below are the week 1 Sunday and Monday lines. Remember all bets against the spread and the over/unders are at -110 unless otherwise noted (like NO and ARI this week)
Team | Spread | Over/Under | Money Line |
---|---|---|---|
NO | -3 (-105) | 51.5 | -160 |
ATL | +3 | 51.5 | +140 |
MIN | +3.5 | 43 | +155 |
STL | -3.5 | 43 | -175 |
CLE | +6.5 | 41.5 | +250 |
PIT | -6.5 | 41.5 | -300 |
JAC | +10.5 | 52.5 | +475 |
PHI | -10.5 | 52.5 | -650 |
OAK | +5.5 | 40 | +210 |
NYJ | -5.5 | 40 | -250 |
CIN | +1.5 | 43 | +105 |
BAL | -1.5 | 43 | -125 |
BUF | +7 | 47.5 | +260 |
CHI | -7 | 47.5 | -320 |
WAS | +3 | 44.5 | +155 |
HOU | -3 | 44.5 | -175 |
TEN | +3 | 43.5 | +145 |
KC | -3 | 43.5 | -165 |
NE | -4 | 46.5 | -220 |
MIA | +4 | 46.5 | +180 |
CAR | +2.5 | 39 | +125 |
TB | -2.5 | 39 | -145 |
SF | -4.5 | 51.5 | -240 |
DAL | 4.5 | 51.5 | +200 |
IND | +7.5 | 55.5 | +300 |
DEN | -7.5 | 55.5 | -360 |
NYG | +5.5 | 47 | +220 |
DET | -5.5 | 47 | -260 |
SD | +3 | 45 | +150 |
ARI | -3 (-120) | 45 | -170 |
This is not a pick just for example
If I want Denver money line at -360, would I tell you $2000 on Den -360 which would be what I want to risk?
again just an example
Quote: GWAEHow do you want the picks formatted to you?
This is not a pick just for example
If I want Denver money line at -360, would I tell you $2000 on Den -360 which would be what I want to risk?
again just an example
I'm not real particular on the format, I log all picks into a spreadsheet. The amount you submit will always be the amount at risk. I would have no problem with your example.
In your example, you would be risking $2000 to win $555.56. On most spread and money line bets, the odds are -110 (unless otherwise noted). So if you wagered Seahawks -5.5 points last night for $200, you would have won $181.82. If you had wagered $220, you would have won $200.
Quote: GWAEI am soooooo bad at sports betting. I had a small amount on last nights but I had GB to win straight up. I couldn't have been further from correct.
I'm such a Cheesehead. I backed the Pack too. At least the first half was okay.
Quote: MidwestAPBelow are the week 1 Sunday and Monday lines. Remember all bets against the spread and the over/unders are at -110 unless otherwise noted (like NO and ARI this week)
Question concerning the non-standard pricing on bets... Typically, if the pricing is not -110 on one side of the bet, it is not on the other side either. For example, this week with NO at -105, most books have ATL at -115. And with ARI at -120, SD should be at EVEN.
Can we assume those numbers based on your chart? Or does your comment above dictate -110 on the other side of the bets with non-standard pricing unless specifically noted?
Quote: FunkyDoctorQuestion concerning the non-standard pricing on bets... Typically, if the pricing is not -110 on one side of the bet, it is not on the other side either. For example, this week with NO at -105, most books have ATL at -115. And with ARI at -120, SD should be at EVEN.
Can we assume those numbers based on your chart? Or does your comment above dictate -110 on the other side of the bets with non-standard pricing unless specifically noted?
I agree that often if the price is non-standard (ex -120) on one side it is also non-standard on the other (ex EVEN), but not always. For example, as I type this, I see Chicago -7 (Even) vs Buffalo +7 (-110). When I post the price, it applies only to the team on the same row, to in you example ARI is at -120, while SD is at -110.
Just to be transparent, unless there is an issue with the site, I get the lines and prices from vegasinsider.com. They list a number of different books including LVH, MGM/Mirgae, Cantor, William Hill, Wynn, Stations and offshore and display their lines and prices. I use the 'Consensus' line which they say consists of the current betting line which occurs most frequently among their Las Vegas and offshore books.
AyeCarumba
FunkyDoctor
wudged
BeachBumBabs
JohnZimbo
EdCollins
10DollarBri
ATLiens
GWAE
icecapper
steeldco
strictlyAP
vendman1
Please review the selections below, and notify me of any errors or omissions. Good luck!
Player | Selection | Amount at Risk | Result |
---|---|---|---|
AyeCarumba | GB ML | $238 | -$238 |
GB/SEA Under 46 | $220 | -$220 | |
PHI ML | $3250 | ||
NO -3 | $210 | ||
CAR/TB Over 39 | $1100 | ||
DEN ML | $180 | ||
OAK/NYJ Over 40 | $110 | ||
Funky Doctor | SEA ML | $750 | +$300 |
PIT -6.5 | $220 | ||
NYJ/OAK Over 40 | $440 | ||
BAL -1.5 | $220 | ||
TEN +3 | $220 | ||
SD +3 | $330 | ||
wudged | GB/SEA Over 46 | $110 | +$100 |
HOU -3 | $440 | ||
NE -4 | $110 | ||
BAL/CIN Under 43 | $110 | ||
BeachBumBabs | SEA -5.5 | $220 | +$200 |
GB/SEA Over 46 | $110 | +$100 | |
ARI ML | $340 | ||
ARI/SD Over 45 | $220 | ||
BAL ML | $250 | ||
CHI/BUF Under 47.5 | $330 | ||
ATL/NO Under 51.5 | $330 | ||
NO -3 | $420 | ||
SF -4.5 | $330 | ||
SF/DAL Under 51.5 | $220 | ||
JohnZimbo | SF -4.5 | $2200 | |
ATL +3 | $200 | ||
EdCollins | ATL +3 | $220 | |
SF -4.5 | $220 | ||
NYG +5.5 | $220 | ||
OAK +5.5 | $220 | ||
STL -3.5 | $220 | ||
10DollarBri | GB +5.5 | $330 | -$330 |
JAC/PHI Under 52.5 | $110 | ||
DEN ML | $1080 | ||
NO -3 | $210 | ||
ATLiens | GB +5.5 | $550 | -$550 |
MIN +3.5 | $330 | ||
JAC +10.5 | $275 | ||
CIN +1.5 | $220 | ||
NE -4 | $660 | ||
DET ML | $780 | ||
ARI ML | $680 | ||
GWAE | PIT -6.5 | $1500 | |
BAL -1.5 | $725 | ||
PHI -10.5 | $500 | ||
strictlyAP | PHI -10.5 | $2000 | |
KC -3 | $2000 | ||
DAL/SF Over 51.5 | $2000 | ||
vendman1 | PIT -6.5 | $250 | |
DAL ML | $200 |
Thanks again for hosting.
Next week I will submit my picks in this format (two and three letter abbreviated city name) to make things as easy for you as possible.
Quote: beachbumbabsAgain if I'm understanding the bet formats correctly, I'm +100 for the week with the late game tonight to go. Yeesh, but still, after risking nearly 3K, better than I'm doing in Mission's league.
You're correct, +$100 going into the games tonight. I'll have complete results and standings posted after the games, or worst case in the morning.
Player | Selection | Amount | Result |
---|---|---|---|
AyeCarumba | GB ML | $238 | -$238 |
GB/SEA Under 46 | $220 | -$220 | |
PHI ML | $3250 | +$500 | |
NO -3 | $210 | -$210 | |
CAR/TB Over 39 | $1100 | -$1100 | |
DEN ML | $180 | +$50 | |
OAK/NYJ Over 40 | $110 | -$110 | |
Funky Doctor | SEA ML | $750 | +$300 |
PIT -6.5 | $220 | -$220 | |
NYJ/OAK Over 40 | $440 | -$440 | |
BAL -1.5 | $220 | -$220 | |
TEN +3 | $220 | +$200 | |
SD +3 | $330 | +$300 | |
wudged | GB/SEA Over 46 | $110 | +$100 |
HOU -3 | $440 | +$400 | |
NE -4 | $110 | -$110 | |
BAL/CIN Under 43 | $110 | +$100 | |
BeachBumBabs | SEA -5.5 | $220 | +$200 |
GB/SEA Over 46 | $110 | +$100 | |
ARI ML | $340 | +$200 | |
ARI/SD Over 45 | $220 | -$220 | |
BAL ML | $250 | -$250 | |
CHI/BUF Under 47.5 | $330 | +$300 | |
ATL/NO Under 51.5 | $330 | -$330 | |
NO -3 | $420 | -$420 | |
SF -4.5 | $330 | +$300 | |
SF/DAL Under 51.5 | $220 | +$200 | |
JohnZimbo | SF -4.5 | $2200 | +$2000 |
ATL +3 | $200 | +$181.82 | |
EdCollins | ATL +3 | $220 | +$200 |
SF -4.5 | $220 | +$200 | |
NYG +5.5 | $220 | -$220 | |
OAK +5.5 | $220 | +$200 | |
STL -3.5 | $220 | -$220 | |
10DollarBri | GB +5.5 | $330 | -$330 |
JAC/PHI Under 52.5 | $110 | +$100 | |
DEN ML | $1080 | +$300 | |
NO -3 | $210 | -$210 | |
ATLiens | GB +5.5 | $550 | -$550 |
MIN +3.5 | $330 | +$300 | |
JAC +10.5 | $275 | -$275 | |
CIN +1.5 | $220 | +$200 | |
NE -4 | $660 | -$660 | |
DET ML | $780 | +$300 | |
ARI ML | $680 | +$400 | |
GWAE | PIT -6.5 | $1500 | -$1500 |
BAL -1.5 | $725 | -$725 | |
PHI -10.5 | $500 | +$454.55 | |
strictlyAP | PHI -10.5 | $2000 | +$1818.18 |
KC -3 | $2000 | -$2000 | |
DAL/SF Over 51.5 | $2000 | -$2000 | |
vendman1 | PIT -6.5 | $250 | -$250 |
DAL ML | $200 | -$200 |
Player | # of Picks | Bankroll |
---|---|---|
JohnZimbo | 2 | $12,181.82 |
wudged | 4 | $10,490.00 |
EdCollins | 5 | $10,160.00 |
BeachBumBabs | 10 | $10,080.00 |
icecapper | 0 | $10,000.00 |
steeldco | 0 | $10,000.00 |
FunkyDoctor | 6 | $9,920.00 |
10DollarBri | 4 | $9,860.00 |
ATLiens | 7 | $9,715.00 |
vendman1 | 2 | $9,550.00 |
AyeCarumba | 7 | $8,672.00 |
GWAE | 3 | $8,229.55 |
strictlyAP | 3 | $7,818.18 |
Haha... what a pair those two teams were. I share your pain FD.Quote: FunkyDoctorF*%$ing Jets
Team | Spread | Over/Under | Money Line |
---|---|---|---|
PIT | +2.5 | 44 | +120 |
BAL | -2.5 | 44 | -140 |
Quote: FunkyDoctorF*%$ing Jets
For me it was F*%$ing Falcons. Tied it with 2 seconds left to blow my over/under, then went on to win in OT. Grrrrr.... $1400+ swing. lol...
Perhaps your anger is misplaced. The Saints had their chances, and gave it away. Either way, I'll still join you in a GRRRR....Quote: beachbumbabsFor me it was F*%$ing Falcons. Tied it with 2 seconds left to blow my over/under, then went on to win in OT. Grrrrr.... $1400+ swing. lol...
Quote: AyecarumbaPerhaps your anger is misplaced. The Saints had their chances, and gave it away. Either way, I'll still join you in a GRRRR....
Yeah, it probably should be effing Saints...lol. Maybe most accurate would be effing football.