It's $120 entry fee. Everyone picks 8 selected games vs. the point spread each week. You must win ALL 8 games to win any money for an individual week. It happens about once a year in this pool. The overall percentage leader at the end of the season wins an allotted percentage of the total remaining pool entry (obviously larger if nobody has an 8-0 week). I think there are nominal payouts for 2nd and 3rd as well.
I'm mostly concerned with the fairness of the 8 team parlay payout. My friend hit it last year and he won $1300. He tells me there are more people in the pool this year so the payouts will be higher.
Can anyone tell me what a fair payout for an 8 team parlay would be here? I guess the weekly wager amount is a little over $7 (120/17). I'm going to play because I already told him I would, but I'm wondering how this payout structure compares to that of an actual book.
I'm mostly concerned with the fairness of the 8 team parlay payout. My friend hit it last year and he won $1300. He tells me there are more people in the pool this year so the payouts will be higher.
Can anyone tell me what a fair payout for an 8 team parlay would be here? I guess the weekly wager amount is a little over $7 (120/17). I'm going to play because I already told him I would, but I'm wondering how this payout structure compares to that of an actual book.