Quote from: nelson4lov on Today at 01:24:43 PM

A big thank you to @vennali for the invitation. I have read the rules but still need to do some more reviewing which I would do later. I would work on getting my bankroll ready for the competition. I place sports bets for free why not do it for a competition as well? I just need to cross some Ts and dot some i(s) but I should be good to go long before the competition officially kicks off on March 15th. Feeling excited and lucky.

I also voted for "Maharaja of Bitcointalk" since just using the "king" word sounds too plain and it's a kinda cliché too.

Feel free to post a question here if you have any doubts regarding the rules. Please do join in. The contest was supposed to start on 8th March but I have delayed it since we haven't reached the goal of 20 participants that would be required the prizepool to be as $600. If there are lesser participants, the prizepool would be lower depending the number. I hope 20 participants isnt too much to ask for a free to enter tournament. I will personally invite more potential contestants and see how it goes. Hopefully we hit the magic number in a week's time.

Quote from: Russlenat on Today at 12:40:13 PM

The competition is nice, but I think I would not enter here as I believe there's a lot of great sports bettors who will participate. I'll just watch the show who will win, this is a one month event right, I think I'll just enjoy myself watching the shared bets, maybe follow it sometimes, whoever is hot in this competition. I'm checking in and out but no intention to participate, but please allow me to say my Good luck to you all.

voted for "The Maharaja of Bitcointalk" anyway, it's unique and I understand it.

Wouldn't you like to know how you have been doing in terms of ROI compared to good tipster? I will try to add some bonus fun events if we do reach the goal of 20 participants, that we are shy of. Please do participate. It's free to participate anwyays. Wink

Quote from: buwaytress on Today at 11:17:11 AM

3. ROI calculation is not clear. You mentioned that a guy could still bet 10% of his bankroll but if he loses he only loses 5% in the calculations... this feels like a sort of loophole. For instance. I can declare my bankroll of 1 mbtc. And bet 10 times 1 mbtc on odds of 1.05. I might lose 2 or 3 of those, but I can end up with 35% ROI because of the max rules, at a possible sacrifice, of course, but still. Shouldn't ROI be counted on total winnings or losings, but cap the wager to 5% of bankroll to prevent martingaling etc? And cap the winnings to 5% on bankroll? Why penalize the guy who wants to do 10/1 parlays though? Or do I not get the rules correctly? =)

4. So a person can declare ANY bankroll and any currency, and max you win or lose 5% of the day's starting bankroll or initial bankroll per bet in 24-hr period GMT/Forum time?

Thanks @entebah for quoting the explanation for the questions 1 and 2.

3. I think you have the ROI calculation wrong. Let me explain what his ROI will be if he spams 1.05x all in's. Well, first of all, if you lose all of your bankroll, you are out of the tournament(there might be an option for re-entry or paid entry in the future, the entry fees will be added into the prizepool). Lets just say the person has unlimited entries, His entire bankroll is 1mBTC and he plans to bet that on a bet of 1.05x. He wins the bet.
Now, according to the rules of the tournament, 5% max will be considered as stake for the bet, you for ROI table, your bet will be considered as 0.05mBTC. Now, you've won the bet at the odds of 1.05x. So, You've won 0.0025mBTC.

Now, What was your betting stack before the bet = 1mBTC.
How much have you bet = 1mBTC
How much will be considered as bet for the competition(5% of current balance) = [(5x1)/100] = 0.05mBTC
Odds that you've bet at =1.05x
Bet status = won
Tournament's bet calculation = 0.05(tournament considered bet) x 1.05x (odds) = 0.0525mBTC
Amount won = Tournament's bet calculation - Considered bet = 0.0525 - 0.05 = 0.0025mBTC
New Balance = Bankroll before the bet + Amount won = 1mBTC+ 0.0025mbtc = 1.0025mBTC
ROI[(balance before bet x new balance)/100] = 0.010025%

Your ROI and Balance will be updated after every bet you make (its a lot of work for me, but I'm happy to do it).
Which means, after every bet you make, I'll calculate all the above and then calculate the ROI for the competition accordingly. The first screenshot will obviously be calculated first.
Hope this answers your question. Let me know if you have any doubts regarding the same.