Nah, I didn't bet. I was offered the Bengals with 4 points, but didn't take it. I probably should have. As it was, I didn't even watch the game. Though, I've bet on all sorts of games that I didn't watch.
I can't stand basketball, but I generally do a March Madness bracket. I don't watch a single game. I check the stats and flip through a few news pages and fill it out. The brackets I do have money back for the first three players. I usually get one of those positions.
One of the websites I work for does a march madness bracket with a $1000 payout to the winner, and a couple years ago I was in second place and I had one of the teams in the finals, the person in first place had the other team in the finals, so which ever of us two that had the correct team winning got the thousand bucks. The team I chose lost by 2 damn points. I don't follow it at all. I just pick randomly
LOL Those are pretty much illegal everywhere - if you have to pay to enter. If you don't pay to enter, it's all nice and legal.
Ours is significantly more advanced. You pay $5k for each betting slip and they sell 30 of them. Nobody can buy more than 2 slips, so we don't always hit the maximum of 30 people.
Winner takes a big chunk, and it works its way down. Off the top of my head, winner takes 45%, 2nd takes 30%, 3rd takes 20%. The person running it gets 5% for their trouble - and legal risk.
The person who runs it takes the mentioned piece of the action plus have the benefit of knowing what everyone else bet.
Once our bets are locked, everyone gets a copy of all the bets. This means the person running it can't cheat.
They're legal if you didn't pay to enter. If you paid to enter, it's illegal gambling.
Yeah, I don't pay to enter that kind of thing. I don't follow closely enough.
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