Totally Awesome Fantabulous Incredibly Innovative Upgrade Idea

I hope I got your attention, but I had a brainwave this morning and I think this would be a cool upgrade for the TRADE CENTER. Currently when one clicks on the TRADE CENTER link, a menu of 4 choices pops up -- "Loan Shark", "Marketplace", "Staking" and "Redeem Points". I propose a 5th option "Bookie".

The Bookie Upgrade

The "Bookie" upgrade would be cool because like the "Marketplace" and "Loan Shark" options, it would create movement of points. This would make the economy more vibrant, while earning points for our promotions through a small "juice" fee.

I propose that we begin with American Football (NFL and NCAA) and basketball (NCAA and all professional leagues of the world), simply because I understand how the line and betting on these sports works. I've never really understood the lines in soccer and baseball, and since they are different, would require different coding.

Each week, a list of games could be posted, and we the players can post our lines, making us the bookies. Bookies post their lines by clicking the team, and then what line he is offering. Bookies can even offer different lines on each team.

For example, if the Colts are playing the Browns, I click on Colts and enter a value of +3, and click on Browns and enter -2. I also enter a maximum point value of bets I am willing to cover, let's say 2000 points per bet. Now any player who comes to the "bookie" area can see the bets I have offered. He can take the Colts and get 3 points, or take the Browns and lay 2 points. He can also bet any amount up to 2,000 points either way, since that is the maximum I have allowed. Let's say he clicks on the Browns, and then enters an amount of 1000 for his bet. The final is Colts 28 Browns 10. Once the final scores have been entered after the game, the winner is calculated. In this case, the bookie wins the bet (Colts 28, Browns 10-2=8). If the score had been Colts 28 Browns 30, it would have been a push (Colts 28, Browns 30-2=28). If it had Been Colts 28 Browns 31, the better would have won. In either winning scenario, the winner gets 980 points, and 20 points (2%) "juice" goes to the house promotion pool.

Alright, it would take some coding and some work week-to-week to input the games, and then the final scores. But tell me this wouldn't be totally awesome fantabulous and incredibly innovative!

I think i would like something more simple ... like bet 1000 points on colts over browns.

I agree that something simpler would be better but this is a great idea.

i like tiarra idea i have like 2 weeks trying to say that i now how soccer work and i always bet a partypoker.com well i used becouse is iligal here i like that!

Well, I chose these 2 sports because betting on them is "simple". This is the way that bets are made on basketball and American football in Las Vegas, and by bookies all over the world. There isn't really a simpler option.

obviusly it can be betting 1000 over one team becouse there are a lot of matches that there is easy winner !!

To be honest i don't quite understand this idea...

depending on the odds for a team to win when a great team plays vs a bad team the bad team pays more if it win that the bad team
example the bad team (a) pays 3 and the good team (b) pays 0.7

so if you bet 1 buck to the team A and that team win you get 3 points if you bet one point to team B and team b win you get 1,7 points

But if your doing this against the house it just opens up the site and zab to a big liability. If people choose to bet big then zab will have to have deep pockets to pay out the winners. The question is does zab really want to become a bookie...

you can make it whit a 100 points max bet or just bet vs other player a max of points ...

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Originally Posted by Prawney

But if your doing this against the house it just opens up the site and zab to a big liability. If people choose to bet big then zab will have to have deep pockets to pay out the winners. The question is does zab really want to become a bookie...

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Won't a limit on how much you can bet solve this problem?

I like the idea , just not too complex, afterall the points tend to change closer to game time .

Now you are talking sportsbetting.. and not sure I can do that

why can't you do that Zab?

its not whit money its whit points !

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Originally Posted by acesCitron

its not whit money its whit points !

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Semantics.. Not sure I COULD.. I have though about it.. And believe me, it's something I've been planning for.

I have been talking to some EURO partners about some serious, serious upgrades to this site

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Originally Posted by CoolJakeB

Won't a limit on how much you can bet solve this problem?

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Lessen the problem, yeah but not solve it. Consider some people win big on the donkey bets, But thats ok because its basically a crapshoot and people usually just bet on themselves. But in sports there are alot of games where lets face it the winner barring a shock is already known.

It is in those games where even if everyone was limited to a small amount it could still result in a large payout.

Im not saying its a terrible idea or anything like that, Just it will result in zab taking on a lot of risk and i dunno if that is the best thing for the site.

lol risk there is where the money is
ill take the risk lol

The scamming thing shouldn't be a problem. To place a line and a maximum allowable bet, you must have the points to cover it, just like an offer in "loan shark" can't be made without the necessary points. Same with the better, he will not be able to accept the bet without the required points, which will be immediately deducted from his points and paid back double (minus 2%) if he is the bet winner.

I would also like to thank Zab for first making us internet poker players and then internet loan sharks. Internet bookies is the logical progression. Until I post about my next great upgrade idea-- the "Hitman" upgrade.

OOHH yeah make a 100 points?? its not easy !!

i would like the idea of beating with points on sports!!!!!!!!!!!!!!

Sports books are illegal in the US under most circumstances ... the law is very clear on this.

Where it is legal in the US a gaming license is required and regular independent audits occur. A Vegas casino can do this, some guy with a server in Michigan can not.

basketball season might not get played lol

It does bring up some interesting legal questions. I agree, betting with points is different than betting money. And using my idea, the site is not betting at all, as we the players are both booking and betting. I mean, if I put an ad on Craig's list that I cover bets, is Craig's list liable?

You'd have to show me the craigs list ad to see if they would be similar.

Sportsbetting is something I want to do, but not until I could partner with a company in the EU

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Originally Posted by Zab

You'd have to show me the craigs list ad to see if they would be similar.

Sportsbetting is something I want to do, but not until I could partner with a company in the EU

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well ask carbon they sended a mail like 3 weeks ago obout a carbon site partner

I think that it is an idea that certainly has some potential, but I think that it would need some refining.

No points spread,,,,heads up,,,maybe handicap poker ,,,,dog gets an extra hole card,,,,

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Originally Posted by Zab

You'd have to show me the craigs list ad to see if they would be similar.

Sportsbetting is something I want to do, but not until I could partner with a company in the EU

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Great idea. I don't know how many of yall like NFL football, but, it's real easy. Someone get a line up and allow others to bet who want too. I'll tell ya what. I'll put up a line in the marketplace tomorrow and see if there are any takers. GL all. and have fun.

I would like to add that my example is just that -- an example. There is absolutely no way in hell a Kerry Collins led offense is putting up 30 points this season, even against the Browns.

well i dont nkow anythin bout the sports betting, coud be fun tho as lonnnngg as doesnt risk the site in any way and our great poker site and all zabs hard work so far:).