As I said, the equation is simple, we just need a dollar value for the points that a person invests in the tournament.
If you had to guess, what is the conversion of 140 points to dollars? Looking at your redeem cost (580=$1 Carbon) that would make an opt-in cost about $.25.
So, the equation would probably be total winnings/(total opt-ins*.25)=ROI
I would probably suggest setting a minimum number of tournaments to qualify. Say 5/week or 20 tournaments to qualify for the monthly leaderboard?
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07-07-2011, 11:51 AM #1
Equation for Strength of Tournament discussion
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07-07-2011, 11:52 AM #2
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07-13-2011, 04:01 PM #3
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- Feb 2011
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OMG my brain hurts after reading this....
lol
Last edited by gefishy; 07-13-2011 at 04:13 PM. Reason: didn't change anything... meant to "reply with quote"
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07-13-2011, 04:12 PM #4
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07-13-2011, 04:48 PM #5
ya I think that works.. Total players * ITM % avg * your place inverted
I'll setup a leaderboard all time ranking system + weekly contest (Min 7 tourneys to qualify)"And Shepherds we shall be. For thee, my Lord, for thee.
Power hath descended forth from Thy hand. Our feet may swiftly carry out Thy commands.
So we shall flow a river forth to Thee And teeming with souls shall it ever be.
In Nomeni Patri Et Fili Spiritus Sancti."
http://www.youtube.com/watch?v=7_AtUXdXA_s
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07-13-2011, 04:53 PM #6
Pff, that wasn't so hard
I would suggest that we run a test with this first before rolling it out. Make sure the data works before losing too many points...
Maybe create a page for it like you would if it were live but don't let anybody access it yet. Let the numbers run for a week and then check it to see if it makes sense?
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07-13-2011, 04:56 PM #7
I'm creating a simulation right now with 25 fake members and 5 tournaments to see what happens. I will post it up here when I am done.
Strike that, the simulation is taking too long. Not doing it anymoreLast edited by gefishy; 07-13-2011 at 06:24 PM. Reason: Not doing simulation anymore
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07-13-2011, 11:02 PM #8
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I just kinda quick scanned this the first time thru ... too much math ... not that I suck at math.
Anyways, am I reading this right? 7 tourneys in one week to qualify. 7 tourneys * 145 point = 1015 points a week minimum.
Or are you saying 7 tourney for the all time board (not the weekly board)?
I crashed this party late lol... I have some other input if you want it
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07-13-2011, 11:23 PM #9
There needs to be some sort of minimum or else the numbers won't be any good. Considering there are 3 tournaments a day (soon to be four) and 7 days a week that is 21-28 tournaments. This system would be good for the regulars, but do what I do: Use the donkey betting and last longer bets to make points. If you are pretty decent at poker, you may have to do very few surveys to pull 7 a week!
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07-13-2011, 05:44 PM #10
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Really donīt understand what you are talking about, lol