Brainstorming help needed. SBR's first annual World Championship of Betting contest

[BennyBigNuts]

It's way past time for at least one big time sports betting championship contest. .

This is true but to think you're gonna get 777 teams with your credibility is insane. You would have to team up with an American casino to have any shot.
How many degenerates on here you think actually have 1k anyways for a contest??
I'd estimate about roughly 3-4%

[wantitall4moi]

You done showing off wantit? Let the adults brainstorm this. For the past 14 years guys like you have been saying the ideas around here will never work.So far you're wrong and this will be another one. And for you guys following along you will hear that whenever you try your own thing. You can translate guys like this to mean; I can't do it or even dream it, so hope you fail.

It's way past time for at least one big time sports betting championship contest. It may take some time to ripen much like the World Series of Poker was almost a bust out of the gate. But thinking long term the world needs a major, big money sports betting championship...and the world is going to get it.

This has nothing to do with that. It has to do with how you promoted (and I think backed) a book that ended up stiffing people it owed money to. Now youre promoting a 'contest' where guy are supposed to send you cash?

The 300K you claim to be putting up would be more than enough to make it a 'big time' contest. And after the events of last year it should open to all pros and anyone who got stiffed by Betislands and not cost a penny.

But nice how you think be intimating youre a thief somehow gets translated into me thinking I want this contest to fail.....

[Seto]

We will make the number. Many will be international players and we will have a robust advertising and pr campaign. I'm in charge of marketing and planning and maybe I don't know anything about marketing, and maybe I do. We're going to find out.

I agree with those that say 777 is a LOT of picks. We need to balance out enough picks to have a large enough sample but not make it burdensome. Maybe 500 is enough? That's about 55 picks per month. (still sounds like a lot) Probably the least we could go and still have a credibly large sample is 450.

On the varied units vs straight one unit bets; let's keep talking about this one. I have noticed from my many years in this business almost everyone from the top pros to the beginner varies his bet size. The contest should have at least some minimum reflection of that.

As far as the money goes we have some work to do on that subject. We could probably get a Bet365 or a Pinny but we would have to exclude US players. No book would want to hold their money and we don't either. There may be an international escrow service or trust service we can utilize for US players if we include them.

[BennyBigNuts]

This has nothing to do with that. It has to do with how you promoted (and I think backed) a book that ended up stiffing people it owed money to. Now youre promoting a 'contest' where guy are supposed to send you cash?

The 300K you claim to be putting up would be more than enough to make it a 'big time' contest. And after the events of last year it should open to all pros and anyone who got stiffed by Betislands and not cost a penny.

But nice how you think be intimating youre a thief somehow gets translated into me thinking I want this contest to fail.....

Neverfukkinheardofthisguy
But he couldn't say it any better, other than a few grammar issues.
The over under on entries for a contest like this is about 100, and that's for guys who have never heard of BI.

[rm18]

If you are going to vary units I think you need to let us make a few more high unit plays

Like maybe

350 1u
100 2u
50 3u

[newguy]

This is true but to think you're gonna get 777 teams with your credibility is insane. You would have to team up with an American casino to have any shot.
How many degenerates on here you think actually have 1k anyways for a contest??
I'd estimate about roughly 3-4%

i wouldn't have issue affording the $1,000, but I really only know football so would have to team up with a bases and hoops guy to stand much of a chance

[vyomguy]

have a contest with 5k entry

limit to 200 entries

still 1 mill pool...you can have your "teams"

its hard to get 700 enties.

[tatddy]

have a contest with 5k entry

limit to 200 entries

still 1 mill pool...you can have your "teams"

its hard to get 700 enties.

1st in line for stake. Thx in advance...

[pavyracer]

Lets just up it to $10,000 each to be like the WSOP entree fee.

[daneblazer]

Hay-makers being thrown here

[JoeyBagels]

With 300k overlay they'll be no problem getting 777 entries at $1k a pop.

[billysink]

have a contest with 5k entry

limit to 200 entries

still 1 mill pool...you can have your "teams"

its hard to get 700 enties.

solid approach. 5k entry . 450 single unit plays, 50 2 unit.

book sponsor 50 k bonus prize pool only top 5 % bettors. Keep players funds out of that shit pit.

[SBR_John]

have a contest with 5k entry

limit to 200 entries

still 1 mill pool...you can have your "teams"

its hard to get 700 enties.

It's a big world plus there will be several large international books promoting it and several months of advertising and PR. Could be right though. The World series of Poker started year 1 with 7 players and 20 years later was up to only 215. Now it has what 10,000?

Might be better to throw in an overlay and not worry about the numbers. I think a world wide contest would bring out guys from all over the world. Sometimes us North Americans forget how big the world is even though Las Vegas lost its crown years ago.

[ttwarrior1]

Just make sure your paying your fair share of taxes

[rm18]

You could maybe do like the "MIllionaire Maker" tourney at WSOP. Guarantee $275k first place prize and then redistribute the rest of the money depending on how many entries. So whether it is 200 or 2000 entries there still will be the overlay and the huge first place prize.

[SBR_John]

You could maybe do like the "MIllionaire Maker" tourney at WSOP. Guarantee $275k first place prize and then redistribute the rest of the money depending on how many entries. So whether it is 200 or 2000 entries there still will be the overlay and the huge first place prize.

Good idea. We need a format that can grow long term and involve a single sponsor. The WSOP format looks very interesting. Thanks for mentioning it.

[mikejamm]

Because of the trust issues, American players will be required to send their 1k entry fee to Carseller.

Yeah lets make carseller treasurer and prize distributor. The when he stiffs everyone and bolts with the cash, we could have a secondary contest for who ever gets to him first and brings his balls back in a mason jar!

[mikejamm]

Just make sure your paying your fair share of taxes

Like you've ever paid a fuk'in cent to the government in your fat, food stamp, twinkie eating, disability collecting life. Mcdonalds had to add an extra drive thru just for fuk's like you.

[Chili_Powder]

interesting idea, hope you can pull it off

[broadway6]

is carseller4 holding the 700K?

[thetrinity]

good ideas here so far, but like many have said the BI fiasco is still the elephant in the room, i still hope this can be done.

[eidolon]

Finally! been trying to get something like this going for years here!
Kudos SBR

[Tommy Karate]

Next year SBR will host the largest online betting contest the world has seen when we open our new odds site.

The guaranteed payout will be exactly $1,000,000 in cash. Top 70 places cash. Winner receives $275,000 cash and is crowned as the best sports bettor in the world.

The rest is still in planning. Here is my broad brush ideas;

The entry fee $1,000. Limited to 700 teams. SBR will add the $300,000 overlay. All players in all regions invited.

The championship will be Sept to May. Contestants can bet any major sport offered in the SBR Sportsbook. Probably be a restriction of a max on odds to prevent hail marys and conservative stretch run strategy to maybe 3-1 to 1-3.

Probably be in the 777 picks range allowing 7- four unit plays, 70- three unit plays and 700 -two unit plays. Real time odds using an A rated book.(sponsor ytd)

this sounds great

what would the aprox payout scale look like?

[brooks85]

with the proposed odds available, whoever is the hockey expert and/or soccer expert going to thrive

[tto827]

Can't CRIS holding the money solve your US issues? But seeing as others suggested this I'm guessing CRIS isn't buddy/buddy with SBR.

DSI serves American customers while they moved their international players elsewhere within the family, have players make a deposit at the books they are eligible at and instead of a promo code enter SBR contest.

Allow them to throw it in a year long CD and you split the interest with them....

[shaunovery]

When does this start

[tto827]

Going to be a while

[5mike5]

Will MMA wagers be available!?

I'm honestly interested.

NASCAR has to be included as well

[matthew919]

I'll reiterate- more baseball overlap would be nice. September to All Star Break maybe?

Looking forward to this.

[Parlayplayer]

As stated the wsop started with 7 entries and 20 years later it was up to a little over 200! What makes u think u can get 700 in year 1?? These things take a while to catch on. u need a lot of promoting/feel good stories where anyone feels they got a shot! No average joe wants to put up a grand to go up against pros like billy Walters and other top tier gamblers. It's not like we get a photo op and have a chance at sitting next to him for a few hours shooting the shiit over cocktails as our chip stack dwindles down to nothing.Wsop has enough free money in it for average players to steal and have a shot at cashing! In a contest like this u gotta find guys who feel they can cap with the best and have a shot at winning. I mean do i have a better chance at winning a 1000$ 6 team parlay or beating out 699 top level cappers to win 275k? This will take a lot of advertising and cost a lot of money for it to actually happen in the near future! Bol
with that said I'm still interested in signing up if it all comes together! Lol

[Parlayplayer]

Funniest thing about the thread/contest is that nobody trusts sbr with their cash! The supposed industry watchdog and theyre not trusted with player funds. Just goes to show there is no hope for us players and sbrjohn u acknowledge that and accept it as u look for alternative avenues for player funds! What happens if this sposor flees the scene with the $? Is sbr going to go and collect the winners funds for them? If u can't trust sbr, who can u trust? If sbr can't hold the funds and be trusted for its own contest we have a problem and this thing is a bust! Why include a third party to oversee the funds?

[matthew919]

We will make the number. Many will be international players and we will have a robust advertising and pr campaign. I'm in charge of marketing and planning and maybe I don't know anything about marketing, and maybe I do. We're going to find out.

I agree with those that say 777 is a LOT of picks. We need to balance out enough picks to have a large enough sample but not make it burdensome. Maybe 500 is enough? That's about 55 picks per month. (still sounds like a lot) Probably the least we could go and still have a credibly large sample is 450.

On the varied units vs straight one unit bets; let's keep talking about this one. I have noticed from my many years in this business almost everyone from the top pros to the beginner varies his bet size. The contest should have at least some minimum reflection of that.

As far as the money goes we have some work to do on that subject. We could probably get a Bet365 or a Pinny but we would have to exclude US players. No book would want to hold their money and we don't either. There may be an international escrow service or trust service we can utilize for US players if we include them.

John- keep it at 777. Dropping it down, even to 500 will make luck a much greater factor, which is not what you want. I'm a statistician, and I can consult on the math if you'd like to hammer down a good number for this. PM me.

And please find a way to include US bettors.

[my_nameaintearl]

The LVH contest had 1034 entrants this year @ a $1500 entry fee. So i dont think this is to far fetched. Also if players dont have to pay a proxy and fly to vegas to pay for the contest and collect it could attract players.


I mean i wouldnt mind having the $1300 Bet islands got me for back but everyone knows john wont address that in this thread

[brooks85]

John- keep it at 777. Dropping it down, even to 500 will make luck a much greater factor, which is not what you want. I'm a statistician, and I can consult on the math if you'd like to hammer down a good number for this. PM me.

And please find a way to include US bettors.

Well, being statistician and sports bettor you should know 777 picks in the time-span proposed involves FAR more luck than 500. The contest as it stands won't determine the best bettor, it will determine the luckiest high volume bettor over a short time frame because few people make 777 picks in that time frame, and even fewer would make a profit.

If you want a contest to determine the best, you need to set up parameters that let bettors prove they are the best, not force them to make picks they don't want to make.

[Parlayplayer]

Everybody should start with a balance, say 5k for the contest (fake$ like chips in poker tourney). With that 5k u place wagers throughout the 8 months. There should be no limitations, if u want to go all in on a play u can. If ur balance goes to 0 ur done. Whoever has the largest balance after 8 months wins. That sounds more like a tourney to me. I suppose there are flaws in this system but I think a structure like this gives everyone a fair shot at winning and nobody has an advantage or dis advantage. This is how betting works in the real world, only difference is u can reload while in a tournement structure u can't.this way u can bet any dog u want but there is a true risk reward involved!