FIBA EuroBasket 2015 Betting

[Lou Chance Gambling Enterprise]

FIBA EuroBasket 2015 Betting
- brought to you by Lou Chance Gambling Enterprise

FIBA EuroBasket, otherwise known as the European Basketball Championships, is upon us. The Qualification rounds last summer yielded 24 teams which will compete. The competition is in two phases. In the preliminary rounds, each team will play all the other teams in its group. After that the knockout phase begins. The best four teams from each group will move to the round of 16. From then on it's knockout (Quarter Finals, Semi Finals, Finals). The teams eliminated in the Quarter Finals will play for places 5-8. Losers of the Semi-Finals will play for 3rd and 4th place.

So, how will betting work?

All players must sign up before the start of the tournament (September 4th at the latest) and pay a 500 Taco entrance fee which can be waived for new nations that don't have the money. This money will be placed in the overall-pot. The player who has the most correct bets at the end of the tournament will win that pot. Nations for whom the entrance fee was waived are not eligible for that.

Throughout the tournament, we will bet on the Winners of the respective games. The money that was bet on a game will be divided between those who made the correct bet. If no one has made the right bet, the money will be added to the jackpot (see below). The money you have to bet per game will vary depending on the stages of the tournament:

Preliminary Round: 100 Tacos per game
Round of 16: 200 Tacos per game
Quarter-Finals: 500 Tacos per game
Classification 5-8: 200 Tacos per game
Semi-Finals: 2000 Tacos per game
3rd place game: 2000 Tacos
Finals: 5000 Tacos

In order to win the jackpot, you must do one of the following:
- Correctly bet on all games of one of the groups
- Correctly bet on all games of the Round of 16
- Correctly bet on all games of the Quarter Finals
- Correctly bet on all games of the Semi Finals
- Correctly bet on the Finals
You will then be paid out the jackpot as it stands after that respective round.

In the unlikely event that there is money remaining in the jackpot after the tournament has ended, that money will be invested and used to stack up jackpots in future games of this firm.

Sign-Ups are open now! Any questions may be asked in this thread.

Signed-up players:
Louisistan
Baden-Wuerttemberg
Barry

[Lou Chance Gambling Enterprise]

The following teams have qualified:

Group A:
Russia
Bosnia and Herzegovina
France
Finland
Poland
Israel

Group B:
Iceland
Turkey
Spain
Serbia
Italy
Germany

Group C:
Netherlands
Greece
Croatia
Slovenia
Macedonia
Georgia

Group D:
Estonia
Latvia
Lithuania
Ukraine
Belgium
Czech Republic

[Lou Chance Gambling Enterprise]

I know this is still two months away, but it can't hurt to get an early start.

I'll just go ahead and tag our regular customers for convenience: Baden-Wuerttemberg, Barry
And how about those Himes West candidates? Great Britain & Scotland, Bolt

[Great Britain & Scotland]

Sorry. I'm
@ too busy
@ not very rich.

[Louisistan]

Well you could get very rich

[Bolt]

I don't follow basketball.

[Baden-Wuerttemberg]

*Reaches out of the casino pool to get her purse, and nonchalantly donates a wad of 500 Tacos to Lou Chance Gambling Enterprise*

Sign me up, please!

[Baden-Wuerttemberg]

P.S. Great Britain & Scotland and Bolt : I bet on stuff like this without ever being particularly rich nor having the slightest clue about basketball.

My nonchalance with all this virtual forum money may not work for everyone, but I find it entertaining.

[Lou Chance Gambling Enterprise]

Ambassador Baden-Wuerttemberg, your continued patronage warms our heart. You're sign-up fee has been received and you've been signed up accordingly.

Great Britain & Scotland, it's really up to you how much money you will invest. You will not be forced to bet on every single game of the tournament. You can just pick some and bet on those.
Bolt, you are not required to follow Basketball. The games to bet on and the results will be posted right here. The rest is a 50/50 pick.

[Great Britain & Scotland]

Ok, but I think I'll pass. Next time maybe!

[Bolt]

I'll pass too. I'm getting busier and busier.

[Lou Chance Gambling Enterprise]

I also hear, Barry, Aersoldorf and Klopstock are quite fond of Basketball

[Barry]

You do a terrific job running things like this, Louisistan. I do hope more participate. Count me in.

....And I DO love basketball. Something about hairy legged guys in shorts the sound of squeaking tennis shoes, I guess.

500 Tacos on the way.

[Lou Chance Gambling Enterprise]

Jul 10, 2015 5:10:51 GMT -5 Barry said:

You do a terrific job running things like this, Louisistan. I do hope more participate. Count me in.

....And I DO love basketball. Something about hairy legged guys in shorts the sound of squeaking tennis shoes, I guess.

500 Tacos on the way.

Senator, you are the pride of Himes West!
The donation was received and you have been signed up.

[Lou Chance Gambling Enterprise]

Aersoldorf, you know you want to

[Aersoldorf]

How much to bet on every game?

[Lou Chance Gambling Enterprise]

Excellent question, Aersoldorf.

If you actually bet on every single game of the tournament that'd be

Signup: 500
Preliminary Round: 15 * 100 = 1500
Round of 16: 8 * 200 = 1600
Quarter Finals: 4 * 500 = 2000
Classification 5-8: 2 * 200 = 800
Semi-Finals: 2 * 2000 = 4000
3rd Place game: 2000
Finals: 5000

Summa summarum 5000 + 2000 + 4000 + 800 + 2000 + 1600 + 1500 + 500 = 17,400 Tacos. A bargain, if you ask me

But, as repeatedly stated, you don't have to bet on every single game, though it drastically increases the chances of winning some money

[Aersoldorf]

17,400 tacos sent

[Lou Chance Gambling Enterprise]

Jul 14, 2015 10:07:44 GMT -5 Aersoldorf said:

17,400 tacos sent

17,400 Tacos received! Thank you, Mr. Mayor.

Is there any sort of Auto-Play provision you would like to set up, in case you miss a betting deadline on one or more games? Seeing as you have already paid for all games...

[Aersoldorf]

If I miss a deadline then I'll pick the team that's alphabetically first in each game

[Baden-Wuerttemberg]

12400 Tacos sent. That's for everything except the finals. Remind me again before the finals please, unless I remember to pay up, and I'll see if I can scratch the remaining dough together.

If I miss a deadline then I'll pick the team that's alphabetically last in each game
[Lazy gamblers unite!]

[Aersoldorf]

Jul 15, 2015 14:30:51 GMT -5 Baden-Wuerttemberg said:

12400 Tacos sent. That's for everything except the finals. Remind me again before the finals please, unless I remember to pay up, and I'll see if I can scratch the remaining dough together.

If I miss a deadline then I'll pick the team that's alphabetically last in each game
[Lazy gamblers unite!]

If you're short of tacos at that time I'll make up the difference

[Barry]

17,400 Tacos are on their way for me. If I miss games, I'll take the home teams.

I'm also sending 5,000 to cover Baden-Wuerttemberg through the Finals. This is in thankful recognition of your past and on-going support, as well as the magnificent rooms/pool additions to the XKI Casino, Ba-Wu.

Total sent: 22,400 Tacos.

[Baden-Wuerttemberg]

Aww.

The XKI casino has the unusual and endearing phenomenon of gambling solidarity.

[Barry]

Jul 15, 2015 16:25:11 GMT -5 Baden-Wuerttemberg said:

Aww.

The XKI casino has the unusual and endearing phenomenon of gambling solidarity.

Well, that too. We also appreciate your always ordering small drinks - helps keep the expenses down.

[Lou Chance Gambling Enterprise]

Your Tacos were received and APAs were prepared.

[Louisistan]

I'd like to set up an APA as well. If I miss a deadline, I will bet on the country that is closest to Germany when counting how many countries are between them (e.g. Poland over Spain, because France is between Spain and Germany). If a tie comes up using that mechanism measure the distance between the countries' capitals and Berlin and give me the closest one

17,400 en route

[Lou Chance Gambling Enterprise]

Your account was set up.

[Barry]

Jul 19, 2015 3:38:01 GMT -5 Louisistan said:

I'd like to set up an APA as well. If I miss a deadline, I will bet on the country that is closest to Germany when counting how many countries are between them (e.g. Poland over Spain, because France is between Spain and Germany). If a tie comes up using that mechanism measure the distance between the countries' capitals and Berlin and give me the closest one

That's quite a tie-breaking system.

I'm changing mine.

Same as yours, except divide the resulting mileage by the square root of 3, add 5 for each consonant in the nation's name in its native language, and then subtract the nearest prime number squared to the number of vowels present in the nation's capital city when translated into Swahili. 

[Louisistan]

No.