Playoff Draft

[PoundFoolish]

I got invited to a "playoff draft" tomorrow night. I had never heard of such a thing. As I understand it, each NFL playoff team gets bid on to win the Super Bowl:

So for example I could bid on the Patriots $1 to win it all, the next guy could out bid me and say Patriots for $2 etc....so let's say the I have the Pats winning bid at $6...I pay $6 and if they win it all I collect the entire pot from all the bids on all the teams. Make sense?

Seems pretty simple and straight forward, but is there any strategy I am not realizing here? Anyone ever done anything like this?

 

[slapshot]

Yea that’s the way it works posters here have run them before

 

[HarryCaray]

Normally I think chalk is the way to go in these things, but I think this year I'd rather be holding a few long shots.

 

[PoundFoolish]

Normally I think chalk is the way to go in these things, but I think this year I'd rather be holding a few long shots.

ever had multiple teams?

 

[slapshot]

http://www.therxforum.com/showthread.php?t=1017989&page=12&highlight=Auction

here’s a old thread of a past auction

yes multiple teams sometimes times why not have a NFC and AFC team

 

[PoundFoolish]

http://www.therxforum.com/showthread.php?t=1017989&page=12&highlight=Auction

here’s a old thread of a past auction

yes multiple teams sometimes times why not have a NFC and AFC team

cool, I will check it out, thanks!

 

[slapshot]

so what did the teams go for

who did you get

 

[PoundFoolish]

so what did the teams go for

who did you get

Well let me first tell you it was an absolute blast. I do not normally worry about having fun when it is gambling related but it really was fun. There were only 7 people and only one of them is a gambler, the rest were people I had never met before and they are not really big gamblers so the money was not very significant, though I can see the stakes rising next year. Anyways, the pool came to $305, I got the Bears for $17 and Texans for $15. The Chiefs sold for the highest price at $50. We randomly pulled teams out of a hat and Bears was first. I got them at $17 as mentioned but it was interesting because I had no clue what the market would be.

 

[HamGlaze]

Just curious, what did the Chargers go for?

 

[PoundFoolish]

Just curious, what did the Chargers go for?

$36

 

[slapshot]

nice PF GL

 

[PoundFoolish]

nice PF GL

thanks. already looking forward to doing it again next year

 

[PoundFoolish]

reminds me of Survivor pools, cause I am out after 1 weekend! Never actually thought Texans or Bears would win SB, but thought I had value on them. I was wrong and next year will go in with different strategy.

 

[JustinCruise]

My country club does this every year with march madness. Very fun


Gets into the high 4 figures for the #1 seeds

 

[PoundFoolish]

they did not do this last season, hoping they do it this season...for more money of course.

 

[CHOPTALK]

I got the saints

 

[PoundFoolish]

I got the saints

is there a way to this here? if so, would you be interested? anyone else?

 

[CHOPTALK]

Sure it can be done here .

 

[seldomseen]

Was there a set amount like a fantasy auction draft?

 

[PoundFoolish]

Sure it can be done here .

any interest?