Chief Delphi Ventures System

[Brandon Martus]

Hello,

Without waiting any longer, ChiefDelphi.com is proud to announce its newest area: Chief Delphi Ventures System

ven·ture (vnchr) n.

1. An undertaking that is dangerous, daring, or of uncertain outcome.
2. A business enterprise involving some risk in expectation of gain.
3. Something, such as money or cargo, at hazard in a risky enterprise.


Instead of explaining everything about it, I'll just explain how you would use the system:

- Sign up, receive points.
- Browse categories.
- In each category, are a number of events.
- Choose the winning outcome, and wager some points on it.
- The event happens -- results are entered -- you win lots of points, if you chose the correct outcome.

It uses a pari-mutuel wagering system, which is similar to what is used at some horse races.
Everybody is betting against everybody else. Odds are calculated based on the number of points
wagered on particular outcomes (ie: teams winning). Note that these odds will fluctuate from the
time you wager until the betting ends. When you win, your payoff is determined by the closing odds.
In any case where there could be multiple outcomes (ie: wagers on teams making a certain range of
seed, etc), the payoff is divided among the winners, based on the level of their wager.

The inspiration for this was last year's ZoneZealPool, organized by Joe Johnson.

a few examples of events that will be available to bet on:
--Winning Alliance (assuming there are Alliances this year)
--Top X seeds (choose a team that will place in top X seeds, payout adjusted accordingly because of X outcomes)
--Technical Awards

You will be betting 'points', and will be given a set amount of points when you sign up.
Each event has a betting period, which will open a few weeks before the event, and close a few hours before the event.
Results will be posted a day or so after the event, and the winners will get their payout to be able to use for future events.

There are a couple ways to win:
--End up with the most points at the end of the season (after betting at least once).
--End up with the most wins at the end of the season.
--maybe more, in the future..

Look for it to appear in the near future, with betting opening a few weeks before the first set of regionals.

But, to wet your taste-buds, we've set up a sample event... ok, actually its to get alot of people testing.
The Championship Event is a big topic -- you know where it is? -- put your 'points' where your mouth is.
http://ventures.chiefdelphi.com/

Go to the previous link -- you will be given a smaller bank than what will be used during the season. The bank WILL GET RESET after this test event -- so don't worry about betting it all now.

All winnings will be announced at the end -- and then banks will be cleared, for the season.
This one is for fun, a taste of how it will work, and a good way to test out everything --
and also a good way for us to get your input. What we should change, add on, remove, etc.
We've got until January to do so -- so speak up
Once the nationals location has been announced, the all CDVS accounts will be reset or removed,
and you will have to sign up again. This is just a test of the system, and a little beta test run.

Thanks

-Brandon

P.S. Many thanks to my helpers/testers/opinion-people:
Joel Johnson
David Kelly
AdamT
Ken Leung
Nate Smith
Meli W.


And, thanks to the others that volunteered, also ..