basically i've ripped this idea off someone else, hope it sparks some interest for the Brisbane Carnival!

This is a bookies comp!

Can you survive in the (betting) ring and be the last one standing?

Like No Limit Hold’em Poker, you will start off with a bank and will have to try and accumulate as much money as you can until only you remain as the eventual winner.

But the difference is that you decide what ‘cards’ you are dealt.

In this comp your ‘cards’ is the market you frame. You must frame a WIN ONLY market, and the market you frame must not be more than 100%.

Converting a horse’s odds into a percentage is simple. The formula is 100 divided by the horse’s odds. Eg. Even money = $2 = 100 divided by $2 = 50%.

Here is an example on how to frame a 100% market:

Example Race

Dance Hero ...... 3.55 28%
Paratroopers .... 7.15 14%
Miss Andretti .... 12.50 8%
Shadoways ...... 14.30 7%
Gee I Jane ...... 16.65 6%
Tesbury Jack .... 16.65 6%
Confectioner ... 20.00 5%
Magnus ........... 20.00 5%
Black Ink ......... 25.00 4%
Natural Destiny . 25.00 4%
Fast ‘N’ Famous . 33.35 3%
Daunting Lad .... 33.35 3%
Biscayne Bay .... 50.00 2%
Street Smart .... 50.00 2%
Swick ............. 50.00 2%
Barabba Road .. 100.00 1%
total 100%

Yes you can frame a market less than 100%, but it would not be in your best interest to do so.

Please don't frame a market greater than 100%, I won't be checking so please be honest.

You can only frame ONE market. Once your market is posted changes to your market will not be accepted, even in the event of scratchings. The market you frame is then open to ALL other competitors to bet on. And you can bet on any other competitors markets as well.

It is compulsory for all competitors to frame a market, but it is not compulsory for all competitors to bet. The decision to bet is entirely up to you. You are only obligated to bet when the ‘BLIND BUTTON’ is on you. And yes, the blinds will progressively go up!! The BLIND BUTTON shall move from player to player ALPHABETICALLY.

Betting is simple. You can bet on anyone’s market, and you can bet on more than one horse. And of course, your return is the amount bet times the odds when your horse wins. REMEMBER it is ‘NO LIMIT’, so there is a minimum bet determined by the blind each week and a maximum ‘NO LIMIT’ bet determined by your bank.

In some instances, when a player’s payout on lost bets is more than their bank, the HOUSE shall payout the difference. The HOUSE has unlimited money.

Eg. Player A’s bank is: $1000.00 and attracts a $100 bet on a winning horse paying odds of $100, then the return is $10000.00. Player A has lost $1000.00 and is eliminated from the comp. The remaining $9000.00 is paid by the RESERVE BANK to the winning players bet.

Each week I shall nominate ONE race for everyone to frame their market. Therefore, I will only run this comp and will not be participating as there is a conflict of interests.

MOST IMPORTANTLY, PLEASE ONLY ENTER IF YOU INTEND TO PLAY THE WHOLE DURATION OF THIS COMP.

YOU WILL BE OMITTED FROM THE COMP IF YOU BREAK ANY OF THE RULES AND YOUR BANK SHALL BE EVENLY DIVIDED BETWEEN SURVIVING PLAYERS FOR THE NEXT ROUND OF PLAY.

COMP START DATE: SATURDAY 28TH APRIL 2007


Each Thursday afternoon, I will post the nominated race for the week, to post your framed WIN ONLY market and to register your bets.

You must frame your market by 12.00 on the SATURDAY of the week.

You are then open until racetime to place bets

Every player shall start with a $1000 bank.

Blinds will start at $100 and will increase by $10 every week. So after 5 weeks of play the blind is at $140.

Any questions?

Tell Me if you'd like a go

I don't think enough people will have committed to the comp by Saturday, but if we have 10 starters we will start with this race

7-3.53 GREENSLOPES PRIVATE HOSPITAL SIR BYRNE HART STAKES 1200 M
1 DANCE HERO Gai Waterhouse J Byrne 2 58.5
2 SPARK OF LIFE Allan Denham M J Cahill 4 58.5
3 HARD TO CATCH Pat Duff B Stewart 9 58.5
4 MITANNI John Wallace S Scriven 6 58.5
5 TELLEM Kevin Kemp S Katsidis 7 58.5
6 PRIMUS John O'Shea G Boss 3 58.5
7 ANWAAR Gai Waterhouse N Rawiller 5 58.5
8 ENTHUSIAST Barry Baldwin K Wharton 1 58.5
9 THE JACKAL Paul St Vincent J Bowditch 8 58.5

However, it is unlikely we will be starting this week so don't hold your breath

sounds like fun Chuck

Chuck, I'm sure there is a can of worms there, that a lot of people will not realise!! i.e. "why do systems not work"? Ans. = b'cos theres about 18% -22% built in against you??? if the market was to 100%, nearly all systems would work!!!?????

Your right Party. I want to bet ONLY:-))

Easy way to win this is to have the top 5 rated horses at 50c each, every time and in every race you have to frame market for.

yes i HAVE thought about this, and you are right there are a few ways to frame your market etc. but i'm asking for people to take it seriously. yes obviously 100% market makes it easier for the punter, but since it is compulsory to make a market, it is not compulsory to bet. the rules are the same for everyone so it should be a good contest if we get enough people

And by the way it was supposed to be you are to frame your market by FRIDAY

Crash,

Completely confused by this comp but here you go....
1 Dance Hero $3.70
2 Spark Of Life $4.40
3 Hard To Catch $21.00
4 Mitanni $6.50
5 Tellem $16.00
6 Primus $12.00
7 Anwaar $9.00
8 Enthusiast $31.00
9 The Jackal $41.00


Thanks

You're not the only one.