Alright mate sounds good, thanks for taking some initiative, this will be a good challenge.

I’ve read your suggestions and I agree with most of them.. let me clear a few things up now.

Registration deadline: 19th November

Betting starts: 20th November

Competition finishes: 23rd December

At the end of each week I will display standings to show how much we each have. So if you could please leave your ‘closing balance’ at the end of each post it would be greatly appreciated.

Starting bank: $50.00 – bets are to be made in dollars. No units.

Odds will be taken from: http://www.sportstab.com.au/ - this seems the best place to go as it’s central to Australian betting and covers most sporting events.

Events not covered by this agency will not be available for betting. Fixed odds sports betting only.

Minimum bet: $5.00 – the 10% suggestion is fair Floydyboy but I think it’s easier if we just say $5.00.

Bets must be made before event starts, obviously. We can track this up easily as well.

Minimum requirement of 2 bets per week, failure to do so will deduct your account by 30%.

No discussions in the betting thread, just bets. There will be another ‘$50 challenge thread’ in which we can have discussions.

In the event of Cricket or Tennis or Golf such events that may span two betting days or weeks…your stake will be deducted from your tally until a result is confirmed.

I respect Floydyboy’s idea of the bonus $20 at the end of each week but this is a $50 challenge so I think we should start with $50 and if we go broke then it’s a lesson not to take advantage of money, which I’m sure we all do from time to time.