Market Madness Forum

View the Forum Registry


Self-edit this thread


0 Subject: Excluding Basket Standings

Posted by: Pete - [2921299] Sat, Mar 29, 2003, 10:02

I noticed that the top few teams DO have baskets picked. What is up with that?
1Guru
      ID: 330592710
      Sat, Mar 29, 2003, 10:06
The scoring excluding baskets simply zeroes out any basket results.

All entries are eligible for the basket-free standings. Quoted from the rules:
I will also award a $100 prize to the contestant with the best result excluding basket units. While many entrants like the basket unit concept, some feel that it adds an undesirable degree of chance (i.e., dumb luck) to the contest. So, for those purists out there, I will award a $100 prize for the best score for team units only. If you don't include any basket units in your entry, then this will be the same as your regular score. But all entries will be eligible for this prize. The net return for all basket units will simply be set to zero for the purposes of this prize award. So, if you submit multiple entries, you might want to try one with team units only, just to improve your chances for that award.
2Pete
      ID: 2921299
      Sat, Mar 29, 2003, 10:25
ok, makes sense
thanks for the quick reply
3 The6thY
      ID: 492113022
      Sun, Mar 30, 2003, 23:12
I was reading the rules and think that this is a bit strange for getting a winner. You had to choose 10 shorts. If you decided to 'sell' all baskets and bought some correct longs you could win. You could also do the opposite, buy baskets and sell short teams. It would be more correct to only award this prize to someone who ONLY picked teams and NO baskets.

But, I guess this is to late to bring it up.
4Guru
      ID: 330592710
      Mon, Mar 31, 2003, 17:32
I realize that it is a little screwy, but it is the way I've chosen to do it. To do well in this format, you're going to need to have mostly teams on both the long and short side.
5Guru
      ID: 330592710
      Sun, Mar 14, 2004, 22:36
I did make a change in this year's (2004) contest. To be eligible for the "no basket" contest, the entry must be "balanced" when excluding any basket units. In other words, the value of the non-basket shorts must equal or exceed the value of the non-basket longs.

Still, I think the best way to approach the basket-free contest is to submit a complete slate with no basket units. Every year, the winning basket-free entry has done just that.
Market Madness Forum

View the Forum Registry


Self-edit this thread




Post a reply to this message: (But first, how about checking out this sponsor?)

Name:
Email:
Message:
Click here to create and insert a link
Ignore line feeds? no (typical)   yes (for HTML table input)


Viewing statistics for this thread
Period# Views# Users
Last hour11
Last 24 hours11
Last 7 days33
Last 30 days87
Since Mar 1, 20071447657