Gear up for a Chess Match (bettors) (in Contests)

I will be holding a chess match. If you are not a player or a perspective player then you may place a bet on which team will win the match. The purpose of the betting is to help build up the prize pot for the winning team. These are the important points:

1) 10% of all bet's go to the winning team in the chess match.
2) If you bet on a winning team then you will win your proportion of the remaining money (90% of all bet's made for both teams). Your proportion is determined by how much money you bet in comparison to the rest of the winning bettors.
3) I will pay for all the transfers from myself to any of the winning bettors.
4) Bidding starts as soon as captains are picked sometime on Thursday when leaders have been chosen.
5) Bet's will closed after the first move of the match is made, which should be sometime on Sunday.

As usual this betting set up will reward either side as long as their are bets on both teams. Betting on the team with less money put on them will earn you more profit if you win, but possible at a higher risk. Good luck and thanks for you contributions. I'll post when bets are open.

Betting is now open. The match will be team Nexium Crash versus team MegamanV.

I've also decided that bets will now close only after one of the teams have lost 3 pieces. This gives you a chance to see a couple of moves before you make your bet.

The teams are now MegamanV versus twistedness. Please consider your bet a donation.

i sent 5k for each team, come on people, help with the betting for Vestax. :)

If you have bet on Twistedness you currently will win up to $1.8 per $1 spent
If you have bet on MegamanV you currently will win up to $1.8 per $1 spent

where do we send money for bets, i think i must have missed where it says that >.<

Storage Tank

ok i bet 10k on team MegamanV

Winning Odds on Twistedness: 3.6 to 1
Winning Odds on MegamanV: 1.2 to 1

Twistedness is now the underdog. Betting odds should stabilize of time.

Biscuitback (Biscuitback) 68.119.148.85 Vestax (Storage Tank) $100000 2:07 PM EDT

my 100k on megaman's team

wow.... i bet 10 k on my team

come on megaman, poppa needs a new corn :)

Well what would be the harm in betting on yourself anyhow? I'll allow Twistedness' bet.

Winning Odds on Twistedness: 7.8 to 1
Winning Odds on MegamanV: 1.0174 to 1

Talk about big rewards for winning a bet on Twistedness.

Duredhel (SC2 Dream Team) 4.159.62.153 Vestax (Storage Tank) $10000 -- a bet for twistednes 12:19 AM EDT

a bet for twistedness now i hope it will help balance the betting out a bit

I bet 25k on Twistedness. Do I get in in time?

I'll put my money where my pawns are and throw 20k into the pot.
C'mon and bet, y'all !

(and how come "y'all" isn't in the spellchecker???)

Yes, there is still time to bet.

Y'all is not in the spellchecker because it is not a real word.

It is southern slang.

Winning Odds on Twistedness: 2.970 to 1
Winning Odds on MegamanV: 1.291 to 1

Current winning team's prize pot: $136,500

As a reminder bets close only after one of the teams loses 3 pieces.

$20k on team megaman.

Winning Odds on Twistedness: 3.33 to 1
Winning Odds on MegamanV: 1.233 to 1

Current winning team's prize pot: $138,500

100k on royas team

Mansonfreek (Mansonfreeks) 68.188.95.17 Vestax (Storage Tank) $100000

HellRazor22 [retired] (Razor) 205.188.116.133 Vestax (Storage Tank) $5000 -- twistedness team August 28 2005 9:36 AM EDT

HellRazor22 [retired] (Razor) 172.171.27.70 Vestax (Storage Tank) $10000 -- megaman team 5:22 PM EDT

Vestax what are the current betting odds on each team just out of curiosity

Winning Odds on Team Twistedness: 4.745
Winning Odds on Team Roya: 1.111

Current winning team's prize pot: $150,000

Missed HellRazor's 10000 bet within the odds.

Winning Odds on Team Twistedness: 4.909
Winning Odds on Team Roya: 1.102

Current winning team's prize pot: $150,000