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Post by KY Crusader 75 on Mar 2, 2020 0:12:24 GMT -5
I thought it might be interesting to run a little PL Tournament competition that will benefit our HC Crusaders. Rather than just ask posters to pick the winner, I wanted to pit my odds making against your handicapping. So, here's my proposal
See below the odds I have set on each of the 10 PL teams
Each poster has a mythical $100 to bet and can place it all on one team or divide it up, e.g. putting $80 on low odds Colgate but taking a $20 flyer on high odds Army
The odds are set, i.e. this is not pari-mutuel where the odds will change depending on which teams attract the money
Rather than play with the standard Vegas vigorish, I have set the odds as at a racetrack with the percentages adding up to 120%, giving me a mythical 16.7% (20/120) "profit" if my odds are perfect
Here's the part that benefits HC--for each poster who participates (1 entry per poster) I will set aside $10. So, for example, if we get 50 players we'll have a kitty of $500.
If I lose money, i.e. if the mythical payout exceeds the mythical pool, I'll donate 100% of the funds to the HC basketball team--maximum $500
If I win money I'll donate half the money to the Holy Cross basketball team. So, Holy Cross basketball is certain to get some cash out of this
I'm hoping to attract $$ on the teams in proportion to the odds--if not that means I am not a good odds maker. I do hope folks will spilt up their bets a bit
Here are your odds--hope you'll enjoy this
Colgate= 4-5 Boston U= 4-1 American U= 8-1 Army= 10-1 Loyola= 10-1 Lafayette= 16-1 Navy= 30-1 Bucknell= 30-1 Lehigh= 50-1 Holy Cross= 99-1
So all you need to do is post your team and bet, e.g. $70 Colgate $20 Boston University $10 Loyola
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Post by hchoops on Mar 2, 2020 8:46:22 GMT -5
Wow What a mind ! “vigorish” an excessive rate of interest on a loan, typically one from an ILLEGAL money lender Am I partaking in an illegal scheme ? Alex, I will go with $ 60 on Loyola, $35 on AU, $5 on HC
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Post by dadominate on Mar 2, 2020 8:47:06 GMT -5
good stuff, ky!
i'll lead off with a simple all or nothing bet with $100 on colgate.
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Post by efg72 on Mar 2, 2020 9:01:59 GMT -5
Colgate 50 AU. 30 Lafayette 10 Loyola. 10
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Post by longsuffering on Mar 2, 2020 9:18:19 GMT -5
Colgate 35 AU 30 BU 20 Bucknell 10 HC 5
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Post by Tom on Mar 2, 2020 9:38:47 GMT -5
Sounds like a win-win for everybody but KY who is guaranteed to lose, just a question of how much we make him donate to the HC Hoops fund
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Post by alum on Mar 2, 2020 9:53:50 GMT -5
Colgate 50 BU 30 AU 15 Loyola 5
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Post by KY Crusader 75 on Mar 2, 2020 10:01:29 GMT -5
This is great--just what I was hoping for--let's see who the big winners will be, besides the HC Basketball bank account
Keep the entries coming: $50 in the kitty now
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Post by CHC8485 on Mar 2, 2020 10:48:27 GMT -5
Question the odds of second seed American being 8-1 vs. the 3rd seed Boston U 4-1, but ok and I like the idea. One thing you may want to do is hold off actually making the donation until the Power of Purple giving challenge April 17-18 as there will be opportunities to have donations matched or meet challenges based on the number of donors.
Will put in my picks this evening.
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Post by Tom on Mar 2, 2020 10:49:01 GMT -5
Colgate 100
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Post by KY Crusader 75 on Mar 2, 2020 10:51:32 GMT -5
Thanks for the heads up on Power of Purple.
As far as the odds go--even though AU is ranked higher than BU I think BU is the better team. If you see an overlay-go for it!
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Post by lou on Mar 2, 2020 11:12:08 GMT -5
American 70 Colgate 30
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Post by newfieguy74 on Mar 2, 2020 11:41:01 GMT -5
BU--50 American--30 Colgate--10 HC--10
Thanks for doing this!
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Post by classof83 on Mar 2, 2020 16:51:42 GMT -5
Colgate - 50 Bucknell - 30 Boston University - 10 American - 9 Holy Cross-1
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Post by CHC8485 on Mar 2, 2020 17:01:09 GMT -5
Colgate - 50 Bucknell - 30 Boston University - 10 American - 9 Holy Cross-1 Well done, classof83!
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Post by cmo on Mar 2, 2020 17:20:40 GMT -5
American 100
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Post by thecrossisback on Mar 2, 2020 17:21:53 GMT -5
Boston University 70 Holy Cross 30
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Post by Sons of Vaval on Mar 2, 2020 17:56:12 GMT -5
American - 40 BU - 25 Bucknell - 15 Loyola - 10 Lehigh - 10
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Post by Chu Chu on Mar 2, 2020 20:04:38 GMT -5
Fun idea, KY! Than ks for your innovative spirit!
Colgate 33 Boston University 33 American University 33 Holy Cross 1
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Post by HC92 on Mar 2, 2020 20:59:17 GMT -5
35 BU 30 American 35 Loyola
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Post by KY Crusader 75 on Mar 2, 2020 21:14:33 GMT -5
Okay-- $140 in the kitty so far and I have also received an offer from one of our posters to match my contribution to the basketball team!
Oddly enough, no $$ have been placed on Army or Navy, although I know we have a board of patriots.
So far:
Colgate: $458 Boston U: $273 American U: $422 Loyola: $120 Lafayette: $10 Bucknell: $55 Lehigh; $10 Holy Cross: $52
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Post by A Clock Tower Purple on Mar 2, 2020 21:25:57 GMT -5
BU $40
Colgate $30
American $20
Loyola $10
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Post by hcnation on Mar 2, 2020 21:42:46 GMT -5
Colgate 50 BU 30 AU 20
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Post by A Clock Tower Purple on Mar 2, 2020 22:16:59 GMT -5
The real betting opp:
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Post by Sons of Vaval on Mar 2, 2020 22:28:28 GMT -5
Lehigh is a little tasty. Winners of five of seven with one of those losses being a three point loss at Colgate in which they were winning for most of the game.
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