@UmerIdrees I think you are not reading all just posting here without any relative information @Royse777 already doing final with a sponsor about this pool and he is going to announce some exciting prizes for rounds winner and final winners just settling things hopefully this all will be clear in next few days.

I have big news!
The negotiation for the main sponsor of the pool is done! We will have 0.055 BTC in the pot from the main sponsor and tomorrow I will announce our sponsor once I receive the contents and payment from them. Payment will be sent directly to our pot address by the way.

I am still working on to get some better deal for the bottom four banners. The goal is to sell each banner for 0.005 BTC. So if we can sell all these 4 banners then this will add us more 0.02 BTC. I am working on the offers so far I have received, hopefully by this weekend I will be able to finalize it.

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@JSRAW
@akhjob
@SaShiRaJaVu
@Haunebu
@eaLiTy
@amishmanish

Since you guys are regular, I would like to discuss prize structure with you.

We have fairly big pot this year, so we can have:
1. Event winner prize (leaderboard after the final round)
2. Consolation prizes for round toppers excluding semi-final, final match.

Event winner prize:
Top 4 wins if we have 10 or more users
1st - 0.025 BTC
2nd - 0.015 BTC
3rd - 0.010 BTC
4th - 0.005 BTC

Top 3 wins if we have less than 10 users
1st - 0.0275 BTC
2nd - 0.0165 BTC
3rd - 0.011 BTC

Consolation prizes for round toppers:
From each round the round topper (decided by superbru algorithm) will receive consolation prize.

The funds we are coming from - main sponsor, bottom banner sell and entry fees. Funds from main sponsor has already allocated for the main prize. From banner sell and entry fees, ~0.001 BTC will be taken to cover the tx fees to pay the winners and the consolation prizes.

Whatever left, we will divide it equally with the number of rounds we will have to award the round toppers.

So for example: If we have 10 members and if we are able to sell all the banners then we will have 0.029 BTC (~0.001 BTC allocated for tx fees). Now if we have 8 rounds then each round winners will receive 0.003625 BTC. This could not be any better :-D

Let me know your thoughts? Feel free to share your idea to make it more attractive.

PS: If anyone is still awaiting to join the pool then join it without any delay.

Yeah, I hear that, but I am thinking if we have many participants (which I think we will see some new faces now, considering the prize pot we are going to have) then we need to make it a bit easier for us at-least to have a spot in the top winning prize. However, I think the consolation prizes in the rounds are a great way to win some decent amount for everyone who will join besides the main prize pool.

 
Other day I was thinking about the none participants on this thread. Maybe we can just announce that without joining the pool one can not post in this thread from 19th September to until the new pool announcement for 2021.

Edit:

Let's wait for others in this discussion.

0.001 BTC (@ current rate it's $11.88) entry fee which is already a very small amount :-P

Here is what one can win with this 0.001 BTC:
0.0256 ($296.70) - 0.0275 ($326.30) BTC if 1st in the leaderboard + consolation prizes in every round.

I understand the logic but I think asking small fees to post in a thread will create a new kind of drama :-D
It's better to avoid it imo.

Consider a case like this:


Both has same points. And if we have similar scenario then we will decide by:
1st - Number of wins

If number of wins are same then we will decide by:
2nd - Margin (higher margin)

If the same margin then we will decide by:
3rd - Slam (higher slam)

If all the above are same then prize for that round will be shared equally to the round toppers.

This thread will be only for the pool participants, that's what I am going to consider. For discussion about IPL which is a regular T20 format, we have T20 and T20I cricket prediction and discussion thread. You can post your predictions there very easily.

But I would say joining the pool only with 0.001 BTC to win 0.0250 or 0.0275 BTC is a very good deal if you are wonderful at your predictions. Besides, if you can win only one round out of 8 rounds then you will probably make 3x of the entry fees you will pay. Winning more than one round will just multiply your winning amounts.

Think again and make a final decision.

Cheer,

Anyone active in the Indian local can do it if they want. Please feel free to create an ANN, I have no problem - the market is bigger there of course. I think with this prize money and the entry fees, we will see more than 10 users with us very soon.

They will provide the graphics tomorrow. Wearing a personal text will give exposure. Anyone who has their personal text area free, they can wear it with this link or the ANN in the Indian board.

Did you mean an idea of side pool? Maybe a side pool to predict the season winner and those will have the correct pick will share the pool? Possible if anyone wants to pay separate fees. But I think this main pool should be enough considering the prize money and the entry free. Anyone who are not interested with this big prize pot then how are we going to expect they will be interested in the side pool with very little prize pot.

Hey!
I am joining the pool. I have sent the entry fees: 1abb37ec9fd1538fc46a8044f0293d94bbe7d6ade4b067440e8be97e3fac6c33. However, I feel fees is quite low comparing the amount of money sponsor put in the pool. It should be 0.0025 BTC minimum but that is just my thought. It's always up to community consensus and if everyone feels 0.001 BTC is ok then no problem.

I have read few posts above and everything looks constructive. I very much agree to the points of @akhjob above. About prize distribution, keep it simple. Just distribute 80% of the total pool to the overall winners and 20% to every round winner (2.5% to each winner). Also, keep the number of overall winners to 4 even if less than 10 people join because prize pool is good comparing to entry fees (however, I feel 10+ will join easily).

Also @Royse777, who is the main sponsor, btw?

Check our main sponsor! :-D
Let me know if you like the banner and your thought about the sponsor (I know some of you guys were hitting my TG just to know it yesterday :-P ).

More good news! When I talked to the admin he said in the IPL they will have some special promo, so I am sure they will hook us in their platform with their offers. So stay tuned, let's help each others - most of all, let's have fun!