NBA Parimutuel Pool Available Now
As an Organizer, just go to “Add Contest” from either the Dashboard or the Contests page, and you will see the option at the very top.
Some things to know:
- This is a parimutuel, like a horse race, so people risk what they want and get paid proportionately out of the prize pool if they win. So if everyone takes OKC, the odds on OKC will drop.
- Post time for this contest is 7:00 PM EDT on Wednesday Oct 22. Yes opening night will have come and gone, but I am delivering this late, so it at least allows some time for you to have the window open.
- Currently the contest page will show the “opening line” at the start, but as soon as a bet is made, the true odds will adjust. You may want to warn your people about that.
- Like a horse race, you can add a Show pool. Meaning people can bet on either first or second place. On a Show bet, the team needs to make the finals to cash on the ticket.
- As an Organizer you can write tickets for other Club members.
- The reason this is so close to the season is that I wanted to make things more feature rich, but ran out of time. So you may see updates in the next couple days.
If you have questions feel free to reach out to me.
Again, the great thing here is that I have built my parimutuel engine. I can reuse this and plan to do so, including the ability for you to roll your own parimutuels. Having your own poker tournament? Set a morning line on your favorites and open a market on it.