AMAs should be about:
The rules for these can vary dramatically. Most reality TV show pools work on a point system. For example, you might get points for predicting who gets voted off each week. This is kept as a running tally until the end of the season. You would also get points for predicting who the eventual winner would be.
The person with the most points at the end of the season wins the prize money. In fact, most reality TV shows where they vote someone off each week would work with this kind of system. This is another easy one.
Award points for each election predicted correctly. For example, you might include options for the Congressmen and Senators from your state or from every state. Probably only political junkies would be interested in something that extensive, though. The way we did it was to have a draft in December. We listed celebrities that we were predicting would die during the following year. You got 10 points for each one you got right, but you got bonus points based on how young they were when they died.
The older they were, the fewer points you got. A friend of mine put Steve Irwin on his list the year he died. He racked up an impressive number of points for that one, as Irwin was only 44 years old. That made for a 66 point prediction by itself. The number of people you want to allow the participants to include in their pool is up to you. Also, you can set up the rules any way you like. You could allow everyone to have anyone they want on their list—that might even make it a more challenging contest.
I never ran one of these in the office, but I usually hold an Oscars party where we watch the Awards together. One of the activities we do every year is print up ballots and make predictions.
You can find printable ballots online to use for this purpose. One year we allowed everyone to take up to 2 choices for each Award. You could double down on one if you were really certain about it. You pick two movies to win Best Picture. If either of them win, you get 5 points. If you double down and use both your predictions on a single movie, you get 10 points.
This greatly reduces the load on the person running the pool the commissioner and avoids using company emails for personal usage. Pros and cons of each type are shown in the table below:. Of course, we recommend setting up and running your pool on Fun Office Pools.
It has the following features to make running your pool a snap:. After deciding on the pool and how you will run it, you need to decide on the pool parameters. How will you determine who wins the pool? This depends heavily on what type of pool you are running. Common methods of determining the winner include:. You've decided on your pool, you've set up the pool parameters, now it's time to get people to your pool.
This part is pretty obvious, but a couple of points:. Depending upon your pool and how you set up your pool, this can be very difficult or very easy. If you're using pen and paper or Excel, you need to find out what the outcomes were, enter them into your pool record keeping section, calculate the points earned, add them to everyone's score, calculate the standings, and report the results to your pool members.
If you are using default picks, you need to assign the default picks for the next week. If you are using software or a website, most if not all of these things are done for you automatically - the website will likely update the results, while if using software you will likely have to enter your own results, but the rest should be automatic.
Generally whether an office pool is legal or not depends upon the state you are in, so you may need to do a little research. Generally, if you're just playing for pride, it's legal.
Only when money is involved does the legality of the pool become an issue. Again, depending upon the state, whether or not all the money put into the pool is paid out, or whether a cut is taken can determine the legality. The amount of money put into the pool will probably affect whether authorities do anything.
Besides the legality, you need to be aware of your company's policy on running office pools. Some companies forbid them, others look the other way, and still others encourage them. If you are going to do any of this on the company's time or resources, it would be wise to find out your company's policy towards office pools. A safer alternative would be to do this outside of the company and not to use the corporate email addresses.
Like most things - common sense rules here. Do it in an unobtrusive manner and most companies won't care. Running an office pool is a lot of fun, and most people who participate in them really enjoy them.
Hopefully these tips will help you run more enjoyable office pools. If you do run pools, check out Fun Office Pools. This is not a Gambling site and all information and games here are for entertainment purposes only. All trademarks on FunOfficePools. I would surely read it. Thanks, I appreciate it. I've always loved math and statistics, strategy games was a pretty good Chess player back in the day , Sports, and, of course, making money.
It just kind of all fell into place. Yeah, you have to definitely do some work to find an edge. Here's an example of a bet I just made today. In the below link, you can see that Houston started off this morning as a Favorite over Portland. Since Portland is battling injuries and got destroyed last game, I figured the public would be on Houston.
Once Portland's line surpassed Houston's initial , I had a guaranteed profit. The difference in odds between favorite and underdog will always be there. Nearly all of the time, other books will have similar, if not, identical odds. When you allow the lines to move and shift, once the underdog line or vice versa passes the initial plane of the favorite line, you'll be guaranteed a profit.
Since there's very little in the total pot, the lines tend to dance around in the early stages. Clearly, everyone is on Houston, just more magnitude at Book C. Once the Money Lines drop, I'm going to make, as you said, an educated bet on Houston's Moneyline which corresponds to -6 on the assumption that Houston will become a -7 or higher in time thus creating an opportunity to bet the underdog.
Sportsbooks offer ONLY Spread Lines for a few hours that one can use to analyze the direction and magnitude of line movement before the Money Lines drop. Shoot me a PM if you have any questions about Aussie bookmakers. I work for one here and have accounts with most of them. I've analysed nine separate betting agencies Australia on a few occasions across a variety of fields, and I'm yet to come across a bankable combination. Let me fix that for you automated comment unflipper FAQ.
Anything I can make guaranteed profit on. It is a Catch 22 though. This is because the betting line only moves when too many people are wagering on 1 side. As long as Vegas has close to equal action on each side, they profit every time.
The lesser known sports, have less money wagered on each game, so it's easier to spot vastly different lines between different sports books. The problem though, is that I really don't know a whole lot about Russian Soccer, Cricket, or any other obscure sport, so it become harder to predict which way the line could potentially move in those sports.
Major Sports - Harder to find an initial guaranteed Arbitrage, easier to predict future line movement. Obscure sports - Easier to find a guaranteed Arbitrage, harder to predict future line movement.
For every 21 bets, you need to win 11 just to break even. Keep sports betting as "Entertainment" and you will be fine. I don't have experience with it personally, but it sounds like a good way to hedge your bets, if I'm reading it correctly. You either get the line you want, or you have no obligation to bet? So, hypothetically, if the Line is , I could set my odds for "" and anyone who still wants to take my line can then bet against me? Australia is home to countless betting agencies offering action on just about every sport on the planet.
No matter where you live, youre only a 10 minute drive from a betting terminal, not to mention phone services. As i understand it, sports betting is only legal in some U.
Do you do most of your business in Vegas? I'm guessing you mean 'Fun' as different or unique. Get 3 buddies together and list the teams. Draw the 4 names out of a hat. You guys all write how much you think each team will win by or lose by on a piece of paper. It's like a silent auction. Another method, agree upon a number, say 10 points. You and your buddies have to pick the Final 4, but also use up the 10 points.
Miami was dealing with minor injuries and I felt like the line would move in that direction. Miami went from an 8 point favorite to a 2 point underdog. To say I shit myself would be an understatement.
I knew the line would move, but a 10 point swing is unheard of. Not too often do you get better than 3-to-1 odds on a favorite with that much money in the ring. I'll usually do this when I'm going to a game, or watching a big game with friends Or if I'm doing something boring with the girlfriend to give me an excuse to check my phone for scores every 2 minutes. Memphis was undefeated 1, Tennessee was 2. They ended up winning in thrilling fashion.
The funny this is, he couldn't watch the game because he had to work a 4 hour shift for minimum wage. I asked him what he would do if he lost, and he just said, "I never thought about that. I'm just getting into sports betting and really don't know where start.
Think of it like this: Basically this has to do with Risk Management, and the fact that most people have no idea how to figure out the probability of sequential events. What are your go-to sports? I know that it must be hard to find meaningful differences between the lines of sports books for major sports and events. What smaller sports tend to give you the ability to do what you do?
Believe it or not, College Basketball has given me some great lines recently. It's a combination of people having little to no knowledge of the Small schools playing Think Florida Gulf Coast combined with the sheer magnitude of frantic March Madness Betting.
I have no statistics to back up this claim, but I'd be willing to bet the average March Madness Tourney Game gets at least 10xx the amount of action that a regular season game does, especially for some of these smaller schools. Go to the 'Live Odds' under whichever sport you want to look at and they show the current lines at like different sports books.