High stakes league with opening for 1 new owner discussed in Sports Betting/Gambling at Wizard of Vegas

jwblue

Threads: 34
Posts: 96

Joined: Jan 25, 2011

January 18th, 2017 at 9:24:09 AM permalink

(The thread title should say fantasy baseball league)

Basic information

● League has been existence for 27 years.

● Entry fee: $200 for new owners. $400 for returning owners.

● Transaction fees: Average per team per season is ~$300. (This is in addition to the entry fee).

● Format: Mixed and redraft league with option of player protection for 1 season for up to 8 players with forfeiture of draft pick. New owners can with stipulations draft protected players.

● Number of teams currently: 14

● Draft is held every year in Las Vegas and online.

● Season, monthly, and weekly prizes.

● Monthly supplemental draft.

● League is run through OnRoto (Sample league on OnRoto http://www.onroto.com/baseball/webnew/team_home.pl?sample+0&session_id=guest

● The 2016 season first prize was $3,342 plus an additional approximate $200 in other awards. Season prizes for 1st - 5th place.

Scoring:

Hitting

Total Bases +1
RBI's +1
Runs +1
Stolen Bases +1
Caught Stealing -1

Pitching

Wins +25
Losses -10
Saves + 8
Strikeouts + 2
Earned Runs - 2
Walks -1

Link to league rules: https://docs.google.com/document/d/14lqfDuqfTyjAahudBps7KTU4oij0Daw9t_7MKW2nn1U/edit

Final prize winnings for 2016 season. Does not include weekly or monthly prizes totaling $1,370.

1st 3,324.20 (44%)
2nd 1,888.75 (25%)
3rd 1,133.25 (15%)
4th 755.50 (10%)
5th 453.30 (6%)

Anyone interested can send me a private message or email me at kevinsnow17@gmail.com.

Last edited by: jwblue on Jan 18, 2017

Romes

Romes

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Posts: 5624

Joined: Jul 22, 2014

January 18th, 2017 at 10:16:32 AM permalink

$300 in transaction fee's? Ugh if I were to ever play any "high level" fantasy it would be through ESPN's free app's and the money would be held in escrow by the leader and given out to the players after the season... Who on earth PAYS to make roster changes/etc, aka "transaction fee's?"

Playing it correctly means you've already won.

Ayecarumba

Ayecarumba

Threads: 236
Posts: 6763

Joined: Nov 17, 2009

January 18th, 2017 at 11:01:49 AM permalink

Quote: Romes
...Who on earth PAYS to make roster changes/etc, aka "transaction fee's?"

Lot's of leagues charge for changes. It keeps the lights on for the host.

Simplicity is the ultimate sophistication - Leonardo da Vinci

beachbumbabs

beachbumbabs

Threads: 101
Posts: 14268

Joined: May 21, 2013

January 18th, 2017 at 11:36:09 AM permalink

Quote: Romes
$300 in transaction fee's? Ugh if I were to ever play any "high level" fantasy it would be through ESPN's free app's and the money would be held in escrow by the leader and given out to the players after the season... Who on earth PAYS to make roster changes/etc, aka "transaction fee's?"

We did in my old fantasy football league. Small ball compared to this, but it was $2/trade until the season trading deadline. It was my first ffl experience, so I thought it was standard to charge; your comment surprised me.

For us, the transaction fees were a pot-builder. But this was more than 20 years ago, the commissioner was a player/volunteer, and the stats manually tracked. 12 teams, paid 60/30/10. All FWIW, I suppose, but a lot of fun.

If the House lost every hand, they wouldn't deal the game.

monet0412

monet0412

Threads: 9
Posts: 627

Joined: Feb 18, 2016

January 18th, 2017 at 11:41:38 AM permalink

Quote: Romes
$300 in transaction fee's? Ugh if I were to ever play any "high level" fantasy it would be through ESPN's free app's and the money would be held in escrow by the leader and given out to the players after the season... Who on earth PAYS to make roster changes/etc, aka "transaction fee's?"

I agree, however... you get a 200 dollar break for being a new player. That helps take care of the fees but if I joined I would just get slaughtered, most likely, because I'd be too busy in the Casino and forget about my roster. I guess that is why they give you a 200 dollar discount to swim in the water with all the sharks naked and injured with open wounds while some guy walks around the pool throwing in chum :)

The pay breakdown reminds me of Poker Tournaments after the 2004 explosion. I really do not like the idea of the field making a higher percentage compared to the 1st place winner. All of a sudden players wanted more spots to be paid and they decided it was good idea to take it away from the top 3 spots. I guess they figured they have no shot of making a final table so we might as well take money away from the experienced players so we can win back our buy in at least... minus the 30% rake of course!

jwblue

jwblue