Betting Talk

NCAA auction pool help!

jammerjammer Senior Member
edited March 2013 in Sports Betting
I am in a big $$$ auction pool at Bobby Valentine's. Teams go for between $500 all the way up to 20k. Unfortunately, can't afford to buy the higher seeds, so looking for a few lower seeds. Any thoughts on...

Belmont over Arizona
Davidson to get by Marquette and then possibly the winner of Butler/Bucknell
Round 1 winner over Memphis
N.C State to make a little run.
Michigan going out in 1st round.

or any other thoughts you might have. Thanks, guys.

Comments

  • TommyLTommyL Super Moderator
    edited March 2013
    It's tough to give any thoughts without knowing the payouts.
  • originalokieoriginalokie Senior Member
    edited March 2013
    Auctions are a ball - try and have prices in mind and be prepared to jump on some dogs at rediculously low prices

    This one is very expensive
  • jammerjammer Senior Member
    edited March 2013
    Based On $ 163,550.00
    Round winners % of pot Per team Total pay out Remaining
    pay out per round Money


    First round win (32 teams) 0.75% $ 1,227.00 $ 39,264.00 $ 124,286.00

    Second round win (16 teams) 1.75% $ 2,175.00 $ 34,800.00 $ 89,486.00

    Third round win (8 teams) 4.00% $ 3,579.00 $ 28,632.00 $ 60,854.00

    Fourth round win (4 teams) 10% $ 6,085.00 $ 24,340.00 $ 36,514.00

    Fifth round win (2 teams) 25% $ 9,129.00 $ 18,258.00 $ 18,256.00

    National Champs Remainder $ 18,256.00 $ 18,256.00

    Champion $ 40,451.00
  • jammerjammer Senior Member
    edited March 2013
    Based on pot of 163,000

    1st round win- $1227
    2nd round win- $2175 Total now $3402
    3rd round win- $3579 Total now $6981
    4th round win- $6085 Total now $13,066
    5th round win- $9129 Total now $22,195
    Champion $18,256 Total now $40,451
  • jammerjammer Senior Member
    edited March 2013
    originalokie wrote: »
    Auctions are a ball - try and have prices in mind and be prepared to jump on some dogs at rediculously low prices

    This one is very expensive

    Thanks- yeah it's fun, but a long night, each team is picked out of a hat one by one. 15 and 16 seeds are grouped together.
  • JalapanoseJalapanose Banned
    edited March 2013
    Only a matter of time before pools like this start getting busted left and right, not worth the potential loss of funds to fool with IMO.
  • TommyLTommyL Super Moderator
    edited March 2013
    Jalapanose wrote: »
    Only a matter of time before pools like this start getting busted left and right, not worth the potential loss of funds to fool with IMO.

    Isn't it legal as long as the "house" isn't taking a cut and is paying out 100% of what comes in? That's what a lawyer friend told me long ago.
  • jammerjammer Senior Member
    edited March 2013
    Jalapanose wrote: »
    Only a matter of time before pools like this start getting busted left and right, not worth the potential loss of funds to fool with
    IMO.

    They have been doing this for 20 years. House takes no money. What is the difference between this and buying Super Bowl squares at a bar?
  • billymacbillymac Senior Member
    edited March 2013
    Jalapanose wrote: »
    Only a matter of time before pools like this start getting busted left and right, not worth the potential loss of funds to fool with IMO.

    LOL. really???
  • JalapanoseJalapanose Banned
    edited March 2013
    TommyL wrote: »
    Isn't it legal as long as the "house" isn't taking a cut and is paying out 100% of what comes in? That's what a lawyer friend told me long ago.
    jammer wrote: »
    They have been doing this for 20 years. House takes no money. What is the difference between this and buying Super Bowl squares at a bar?
    billymac wrote: »
    LOL. really???



    http://linemakers.sportingnews.com/nfl/2012-12-20/federal-government-shuts-down-nfl-survivor-pool-irs-seizes-money

    Odds are you will see something like this happen this year.
  • CoopsCoops Senior Member
    edited March 2013
    So i should worry about the 70k bracket contest Im in?
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