International Simulation Football League
ISFL Casino Rules - Printable Version

+- International Simulation Football League (https://forums.sim-football.com)
+-- Forum: Community (https://forums.sim-football.com/forumdisplay.php?fid=5)
+--- Forum: Casino (https://forums.sim-football.com/forumdisplay.php?fid=334)
+--- Thread: ISFL Casino Rules (/showthread.php?tid=27883)



ISFL Casino Rules - Bayley - 11-25-2020

ISFL 
ISFL Casino Rules

Play Responsibly
ISFL Casino supports responsible betting practices. ISFL Casino recommends only playing with money that you do not need for Weekly Training(s) or Equipment.

It is YOUR responsibility to ensure your bank balance has enough to cover any and all bets you make. As with any league money transaction(s), there may be delays between purchase and processing. It is YOUR responsibility to ensure your bank balance has enough to cover any and all bets you have made. If a bet would give you a negative balance, said bet and all bets made after it will be Declined and VOIDED regardless of the bet(s) outcome(s). Multiple such incidences may result in Users being banned from participating in Casino Activities.

Casino Fee
All Events, Games & Non-User Bets hosted by the Casino are charged a 10% fee.

User-User Bets
1. Definition
User bets are bets made between individual league users. There is no minimum or maximum dollar amount a user bet must be. All parties must ensure their bank balance has enough to cover the user bet upon agreeing to the bet.

2. How to Participate
User-User Bets can be made in the related 'User Bets' thread that is created in the Casino Forums each season. The post must contain the forum usernames of all parties involved, the amount each party is betting, and the specific occurrence being bet on. All parties must 'accept' the user bet by replying to the specific post in the User Bets thread corresponding to the bet they are agreeing to.

3. Amounts & Payouts
While the Casino manages the transaction of money for these bets, they are not subjected to the Casino Fee. Bets will be debited (withdrawn) from all parties once all participates have accepted. Total pot will be paid out once the event being bet on is complete. In the event the bet is resolved before the funds are debited, the losing party's wager will be withdrawn and deposited into the bank of the winning player.

4. Terms & Conditions
Casino holds the right to decline to process any and all bets at the Casino's discretion including, but not limited to wagers Casino cannot enforce, cannot verify an outcome, wagers with the possibility of collusion, attempts to give money to teammates, tampering users, or any attempt to circumvent league rules.

ISFL Sportsbook

1. How to Participate
ISFL Casino will post Sportbooks in the Casino Forum area, each Sportsbook will be for a specific ISFL or DSFL game week, or any other event. Each Sportsbook may have multiple different bets to choose from. You may bet on as many or as few of the bets as you'd like. You do not have to bet on all of them. You have until the start of the related ISFL/DSFL games (8pm EST) to post your bets.

2. Cost
Any and all bets must be made in intervals of $250K with $250K being the minimum and $5M being the max. If you are not on a $250K interval, your bet will be decreased to the next $250K interval.

3. Betting Details
a. Casino charges a 10% administration fee on all bet amounts. If you win you will receive: bet amount - 10% of bet amount + winnings based on the original bet amount.
b. Unless a bet says otherwise, all bets have base odds of +100(American). This is the same as 1/1 Fractional Odds. This means if you bet $1M you will receive $1M in winnings if you win. For help with calculating Winnings based on different odds ISFL Casino recommends this link >> Betting Odds Calculator. Ties are considered a push, not a loss for the player.
Types of Bets: 
  1. Over/Under bets ask you to choose if an event will finish Over or Under a given number (QB A passes for 250.5 yards) 
  2. Point Spread asks you to choose who will win with the favorite "handicapped" by an amount (Will Team A beat Team B by 6.5+ points) 
  3. Moneyline asks you to choose who will win with no "handicap" applied (Will Team A or Team B Win) 
  4. Futures are bets that relate to an event that will occur in the future (Predicting Team A will win the Ultimus next season)
Example Bet: User12345 bets $1M Team A beats Team B. If Team A beats Team B, User12345 will retain the $1M they bet minus the $100K Casino Fee and receive the $1M winnings they won.d. The Casino reserves the right to change the Line or Odds of any Bet at any time. At any specific time, the google form is the official bet line/odds. If you made a bet before a Line or Odds change, your bet is locked and will be based on the Line or Odds at the time of your bet, it will not be changed.

4. Parlay

a. All parlay bets are a static $1 million wager.
b. Parlays combine multiple bets into one larger bet. Example: You are wagering Bet 1 Team A wins AND Bet 2 QB B throws 300 yards AND Bet 3 RB C scores 2 TDs will occur. This is a 3-way Parlay. If Bet 1, Bet 2, AND Bet 3 are correct your Parlay WINS.
c. Parlays may be done in addition to any Individual Bets made. An Individual Bet does not have to be made in order to make a Parlay. Example: User1234 makes the following Individual Bet - Bet 1 Team A beats Team B. User1234 may or may not include the Individual Bet 1 in his Parlay with Bet 2, Bet 3 & Bet 4.
d. Multiple parlays are permitted. Users wishing to enter multiple parlays should submit one form for each parlay.
e. Parlay payout structure is as followed:

[Image: oDNDrpG.png]

Free Bets
Free Bets are given to New Users through the Rookie Point Task system or given to the entire ISFL community when awarded for achieving Charity Milestones.
  • a. Free Bet amounts are fixed amounts ($500K for Rookie PT)b. Free Bets are good for ONE bet and ONE bet ONLY. Free Bets may not be split into smaller amounts across multiple bets.c. When using a Free Bet submit one Google Form for the Free Bet and check the Free Bet question. If you desire to make more bets in addition to the Free Bet, submit a second new Google Form with the other bets.d. You may not hedge your Free Bet. For example, using the Free Bet to bet that Team 1 scores Under 45.5 points and then submit a second bet that Team 1 scores Over 45.5 points.e. Free Bets can NOT be used for User-User Bets or as Entry Fee for Games such as Predictions or Ultimus Squares.

Predictions Tournament
Rules
Score: Each entrant's Weekly PT predictions will be tallied up over the course of the season. No additional work is required beyond signing up and remembering to do your predictions. Your score will be exactly what you are given: no rounding 1.5 to 2, you get 1.5. At the end of the regular season, the users with the most prediction points will split the pot of entry fees for each Tier minus the 10% Casino Fee.

Prizes: Actual prizes TBD by the number of entries. For each tier usually top 3 get paid with the champion receiving ~3x the entry fee. Free entry Tier 0 top prize is $200k. If you are new or never participated consider Tier 0 as a trial run and if you do well you won 80% of the entry fee for Tier 1 next season.

How to Enter: A signup thread will be made before the beginning of each season. Reply to the thread with tier(s) you want to compete in. Entry Fees will be deducted at the sign-up deadline: Week 3 stream time of the given season. Your Week 1 & Week 2 Predictions scores will count if you sign up after those weeks are streamed.

Tier Options - $$ - restrictions
Tier 3 - $5M entry fee - is open to everyone.
Tier 2 - $1M entry fee - is open to anyone who was Not Top3 from Tier 3 last season.
Tier 1 - $250K fee - is open to anyone who was Not Top3 from Tier 2 or Tier 3 last season.
Tier 0 - Free entry - open to anyone who was Not Top3 from Any Tier last season.

ISFL Survivor
Rules

1. How to Participate
ISFL Casino will post submission forms in the Casino Forum area for a specific ISFL game week. Entry fee into the season long competition is $1M which is deducted from the player’s bank balance after they submit the week 1 form. Players must fill out the submission form and post their codeword on the accompanying Casino forum thread.

2. Game Details
Each ISFL week, participants must select one team they believe will win their game that week. If the team they choose does win their game, that player will survive and move on to the next week. If the team the player chooses does not win (or ties), that player is eliminated for the season.

Once a player selects a team for a week during weeks 1-14, they are not permitted to pick that team again until weeks 15 & 16. This is because there are only 14 teams in the ISFL and 16 regular season weeks. If a player does survive until weeks 15 & 16, they are permitted to select any team in the league they choose.

It is the player’s responsibility to keep track of who they have already selected on the season and ensure they do not pick a duplicate team during weeks 1-14. The Casino will provide a spreadsheet listing previous submissions for the player to review.

In the event there are doubleheaders on the same day, two submission forms will be posted on the Forum. The player is responsible for filling out both forms so that they do not miss an ISFL week.

If a player does not fill out a form and post their codeword in the Casino thread, they will be eliminated from the competition.

3. How to Win & Payout
The last player to survive the competition will be declared the winner and awarded the full pot of all entry fees. In case of a tie after week 16, the full pot will be equally split between the surviving players. In the event that all players are eliminated, the full pot will be equally split between the surviving players of the previous week.

6 for T6

6 for T6 is a recurring contest where all league users have the opportunity to answer 6 questions about an upcoming ISFL or DSFL week to win enough funds to pay for T6 equipment. Certain league users donate funds to the contest which other users have the chance to win if they answer the most questions correctly compared to other participants. There is no entry fee for this contest and no casino fee is taken.