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Once again, it's time for the FNGT!

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**Once again, it's time for the FNGT!** If you don't know how this works, [click this link](https://fngt.gq/index.php?page=intro). That link will take you to another site to give you some additional information and tell you about some of our off-site features. That's also the site where we will host the weekly guitar threads, should Poal go down. **NOTE:** That site is by invitation only. If you want an invite, and you're a regular participant, then just ask Crazy, or myself. If you do know what's going on, you probably don't need to click that link - but you may want to, to make sure you know of the other features, such as the archive or a separate forum that's invite only. Remember, we are guests here on Poal. Let's act like it. If you're interested in supporting Poal, then [you can donate](https://poal.co/donate).

(post is archived)

[–] 0 pt

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

[–] 0 pt

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.

[–] 0 pt

Yeah, I don't pay to enter that kind of thing. I don't follow closely enough.

[–] 0 pt

I just check the stats, note the key players, give them a quick search and read any headlines - skim them really - for the first 20 or so headlined and then decide the value of that information and apply it to my inner logic system.

It works reasonably well. I'm almost always in a winning position.

I don't have to be perfect, I just have to be more accurate than the rest. My life of modeling has made me pretty good at weighing conditions and outliers. I only do the search thing for maybe two players per team. I want just enough data to act on, not enough data to be an expert or to overthink.

If you asked how I did it, it'd be fairly accurate to say that I go with my gut feelings.