Addendum to the rules

[Neko Bazu]

Posting this in a new thread just to draw attention to it, the following has been added to the 'Welcome to the betting league!' thread:

In Case You Blow Your Cash

Should you run out of money, you can ask to be re-instated into the league with the initial £200 start-up fund again. However, the following applies to this condition:

- You will keep all your old stats (bets made, bets won etc) which will presumably inflict a heavy deficit on your averages. As such, you will be disadvantaged as far as calculating league position goes.
- You will first have to have a 'sitting out' period. This period will last three weeks or four betting rounds, whichever comes first.

This 'sitting out' period exists to act as a deterrent - i.e. if you enjoy the game, you presumably won't want to sit out, and so will theoretically be more careful with your money to ensure that you don't have to.

In other words, if you fail massively, you won't be left up shit creek, but at the same time there is a 'penalty' waiting for you.



I think this sounds perfectly reasonable - it balances 'punishment' with 'getting you back playing again'. If you guys have any input on it, though, do feel free to say so!

[Alex]

neko said:

alex said:

I was just thinking that so then you're in minus figures, so people know you're last, type thing. Maybe wait 2/3 weeks then give the £100 loan?

So effectively a points deduction?

But then the Leeds fans will accuse me of being insensitive!

Haha.

Basically, having to wait that 2/3 weeks is punishment, but also having being given more money, just means you've gone into an overdraft or something. Almost like a normal overdraft system. Except you can't go into your overdraft for a couple of weeks.

[Neko Bazu]

Just to clarify for the other posters, Alex's suggestion is that, after the waiting period, you get to rejoin with £100 spending money, but will be listed as being on -£100. Thus, if you stake £10 at a 1/1 bet, losing would put you on -£110, winning would leave you on -£90. I think the other way you worded it was to consider it a loan that gets paid back once you're in the black comfortably?

The issue I'd have with the negative system is that there's not really any safeguard if you keep losing. Also, with the loan system, if you're poor enough at this to lose £200, it's not unreasonable to say you might lose the £100 too - so that'd (presumably) entail another wait, and then another loan, leaving £200 to pay back. My reasoning for the clean start was that there wouldn't be any risk of any pile-up of this kind, but then a loan system is certainly better as a deterrent/punishment.

Not a bad idea, IMO - which would you guys prefer to see implemented? £100 on loan/overdraft, or £200 straight-forward restart?

[Alex]

I just thought going into minus would at least then make it known that you're last, rather than just getting a free £200 and almost no-one being any wiser so to speak. Obviously you're the boss Neko so it's your choice. Also, it won't affect me anyway, due to me being a superb better. ;d

[Neko Bazu]

Can't deny it; you're one of only two with a 100% record!

I suppose a note under the table recording who has or hasn't been bankrupted could address that (i.e. people can mentally subtract £200 from their score to create a "real" table if they'd like)