Sportsbetting world championship

[dave nz]

When I started betting on sports when I was young I always wanted to be the worlds best sports bettor. But there is no title or anything in this regard.
Poker has the world series and nearly every sport has a world championship.

But for sports bettors there is nothing, seems like abit of a void to me.
A few suggestions on how it could work :


*Every competitor can take part from anywhere (rather than get together in one place) and it can all be recorded on a set-up website

*A long term contest say 3-4 years

*Betting on any sport you like, taken from any online sportsbook

*Unit limit

*Bankroll so u start with a set amount, winner is the person with the most money at the end of the time expiring


Personally I think it would be awesome. Just a few thoughts I thought I would throw out there.

[upinya83]

im guessing i'd open as -126 favorite to win the cappersmall division

[hammink]

Great idea... but there has to be money on the line for anyone to care. The WSOP gets its prize pool from the players themselves. Would this sports betting championship have an entry fee? If so, what would it be? $10,000? $20? Prize pool divided up among the winners. It would have to be a 1 year contest, in my opinion, for it to work as a true championship. Could have individual championships for each sport, $$ betting level, etc. This idea has just as much potential as the WSOP for mass appeal. That said, count me in on the development of it! Incidentally, I have no money to invest.

[dave nz]

Originally Posted by hammink

Would this sports betting championship have an entry fee? If so, what would it be? $10,000? $20? Prize pool divided up among the winners.

It would have to. Not sure the amount, it would depend on how many were entered and some other factors.

Originally Posted by hammink

It would have to be a 1 year contest, in my opinion, for it to work as a true championship.

I disagree here. Anyone can have a good or bad year. By making it 3-4 years it seperates the men from the boys.

[hammink]

Originally Posted by dave nz

It would have to. Not sure the amount, it would depend on how many were entered and some other factors.


I disagree here. Anyone can have a good or bad year. By making it 3-4 years it seperates the men from the boys.

What other sports/games have championships lasting more than 1 year? There's just something appealing to having a champion crowned every year. It's a societal thing. Long-term success is always shown anyway. Finish highly every year, people will notice, just like in sports. But people like to have a winner every year, if nothing more than to talk about who won, brag or have something to shoot for the following year. Long-term success is rewarded with hall of fame inductions, career stats and the like.

On the buy-in, there can be different contests for different $$ levels. Just like in poker, the true champion would be crowned from the $10,000 event.

[dave nz]

Originally Posted by hammink

What other sports/games have championships lasting more than 1 year? There's just something appealing to having a champion crowned every year. It's a societal thing. Long-term success is always shown anyway. Finish highly every year, people will notice, just like in sports. But people like to have a winner every year, if nothing more than to talk about who won, brag or have something to shoot for the following year. Long-term success is rewarded with hall of fame inductions, career stats and the like.

On the buy-in, there can be different contests for different $$ levels. Just like in poker, the true champion would be crowned from the $10,000 event.

Yeah fair points.



Sports and poker to a certain extent generate alot of revenue from TV rights.
I've heard people say a sportsbetting contest isn't really made for TV.....
I disagree I think the people who think this need to think outside the square.
Footage can go behind the scenes, get to know the top cappers, watch cappers capping games, watching games, teach the general public fundamentals to sportsbetting.
I think the product has alot of potential, globally sport is hugely popular and no reason why a sportsbetting world championship wouldn't be either.

[hammink]

Think about how the WSOP started. Bunch of gamblers in a dark room want to prove who's got the biggest balls. Now, think about how American Idol started. A bunch of rich TV/music executives threw a bunch of money at a good idea. This would be almost a hybrid of the two. Start it off with only one contest the first year. Everyone puts up the same $$ amount and competes for a prize pool, paid out among the top finishers at the end of the year. All sports are fair game. All documented lines available at a major book are fair game. The final week of the year, everyone goes to Vegas and cameras follow them around while they make their bets. Could get a season's worth of reality TV out of that. Or a 1 hour Sports Betting Championship on ESPN. Or both! And that's when the real money starts pouring in, start adding individual champions for each sports, different levels and all that.

[dave nz]

Originally Posted by hammink

Think about how the WSOP started. Bunch of gamblers in a dark room want to prove who's got the biggest balls. Now, think about how American Idol started. A bunch of rich TV/music executives threw a bunch of money at a good idea. This would be almost a hybrid of the two. Start it off with only one contest the first year. Everyone puts up the same $$ amount and competes for a prize pool, paid out among the top finishers at the end of the year. All sports are fair game. All documented lines available at a major book are fair game. The final week of the year, everyone goes to Vegas and cameras follow them around while they make their bets. Could get a season's worth of reality TV out of that. Or a 1 hour Sports Betting Championship on ESPN. Or both! And that's when the real money starts pouring in, start adding individual champions for each sports, different levels and all that.

Very good Ideas

I know I'd watch it and love to take part (could get pricey) finding sponsors would be the way to go.

[hammink]

So, we getting this thing started Dave?

[dave nz]

Originally Posted by hammink

So, we getting this thing started Dave?

Haha Too much to take on for me right now

You never know someone who reads this, may get the ball rolling.

[dave nz]

Hey hammink I liked your input in this thread, welcome to my buddy list.

It is a short and distinguished list

[hammink]

Well, I'd be willing to work on it, coming up with a structure, details. I love that crap. But cruel world that it is, always comes down to having the money to make it happen! Even creating something small, with volunteers, would take some startup money to build the website, advertise it, fees etc. But I'm into it, think it's a great idea - really what's the difference between a Sports Betting Championship and the WSOP?

[hammink]

Thanks Dave

[dave nz]

Originally Posted by hammink

Well, I'd be willing to work on it, coming up with a structure, details. I love that crap. But cruel world that it is, always comes down to having the money to make it happen! Even creating something small, with volunteers, would take some startup money to build the website, advertise it, fees etc. But I'm into it, think it's a great idea - really what's the difference between a Sports Betting Championship and the WSOP?

Hey there are always loans and sponsors.
Just like starting out any new business venture it would be a big risk. But the financial rewards If it was a success would be huge. Should be no reason a SBC couldn't take off like the WSOP. I guess a key difference is the SBC is over a year where as the WSOP is a much shorter duration, like anything this has pros and cons.

[hammink]

WSOP is shown only once a year, and edited down from an incredible amount of tape to hour-long episodes for TV. The sports betting (WSBC - world sports betting championship??) would definitely have different challenges but the operation required to make it happen as a TV show would probably be similar. I like the idea of bringing the top 10 at the end of the year to Vegas for the final couple weeks and have cameras follow them around as they make their bets and do other real-life stuff a la reality TV.

But, all that said... making it happen as an internet contest where people post picks at a central web site and have a buy-in to participate would not take nearly as much financing/support. If only we had a sponsor... hmm... maybe some sort of internet capping forum???