Follow concept
Background:
There’s tons of sports betting sites on the net – espcially in EU. It varies from top professional sites like Bet24, 888.com and bwin.com to minor amature sites. Some users are very good at beting on sport bets – some top gamblers actually out perform Bet24, 888.com etc. in the long run due their sport-insight. The philosophy of this site, is to allow ordinary players to “follow” these expert/top gamblers – enabling normal players to place the same bets as the top gamblers.
Measuring in “Units”:
Skill based betting on the internet is often meassured in “units”, instead of a fixed and absolute currency/value. Using “units” as measurements for the gamblers skill-level, ensures a good and realistic rating.
Introduction:
How the “follow gambler” concept should work….
The new user deposit an amount (from 10$ to 1000$) to a depot on the site. The user can then choose how much a “Unit” is (1$ to 100$). The user can choose to follow any other user (refered to as “gambler”). It is the gambler who decides how many units to be played (from 1 to 10).
Example: A gambler bets 3-units on away win for Man.C vs. Bolton – this will automatically have all his followers to bet 3 units – meaning that e.g. users having 5$ as the unit, will bet 15$ on away win for Man.C vs. Bolton.
Who are the “gamblers”?
The gamblers on the site are “pro gamblers”, meaning that ordinary users cannot become gamblers. This will ensure that only skillful
gamblers are being followed. Each gambler shall have a “blog”-like area, where basic informations about the gambler, stats, images etc can be put. Further more, comments to the bets made will be posted here, allowing other users to see why this bet is good.
Depot:
A simple page with a track history for all earnings/loss’s and who the user has followed.
The users should always be allowed re-deposit his money. A small fee (configurable) will be charged for this.
Requirements:
Betting strategy…
At the gamblers page, bets will be registrered – each game needs to be registered min. 2 days in advance. 1 day prior to the match begins, the followers are still allowed to abandon the specific bet.
After that period of time, the game is “locked” and the followers depots will be deduced with the correct unit amount. The bet can now be placed at the best betsite.
When the match is done, the Administrator will update the match with the actual result – after the result update, all followers will have their depots updated.
E-mail notifications:
When the gambler makes a bet, the followers should receive an email with an overview of the match (playing teams, odds, match time, gamblers-comments to the match, basic stats) – plus a visible option to “refuse to follow this match”. This will allow the followers to easily abandon the specific bet.
When a match is ended and the final result is ready, an email should be sent out to all the followers with the finial result + earnings/loss and total amount avivable in the users depot.
Roles at the site:
3 different user roles are defined:
1.) Gambler, the role that normal players are “following”.
2.) Player, the role that are following the gamblers – these are the “normal users”.
3.) Administrators, the role that actually makes the bet for all the users at the betting sites and update the results.
The Gambler login area:
Only Administrators will be allowed to create a new “Gambler” account.
In this area, the gamblers can choose what bets to make. Besides deciding what bets to make, the gambler can comment on the bets – these comments will be displayed as feeds at the frontpage.
All bets are made in units (1 to 10).
The gambler shall be allowed to upload profile images and update/edit his profile text at his login area.
Gamblers shall be able to see how much money they have earned/lost for their followers – their personal revenue will be dependent on this number (% of the revenue they have made for thier followers).
The Player (players are also refered to as “followers” ) login area:
This page is for all the “normal users” – the player can deposit/withdraw money to his depot, see all transactions, see stats (bets made, win/loss etc), change email/password etc.
Like in the email notification, it shall be possible to abandon a specific match if the timelimie is not exceeded (1 day prior to the game).
The Administration login area:
This is the page where the Administrator can see what bets to place for the gamblers and all its followers. The bets are being sum’ed up and the total amount to place for each bet, are shown on this page.
The Administrator page is also used for updating the finial result of the bets. The Administrators will be responsible for updating the correct results for all the bets.
The Administrators shall be allowed to add feeds to the frontpage – enabling them to do comments like the gamblers. This ensures the adminstrators to communicate with the players.
Simple stats like: “Todays revenue for the site”, “Todays revenue for the followers” etc. should be displayed at this Administrator login page.
The default area (not logged in):
- Front page: 1.) The front page will show what bets are in play today. 2.) A top-10 of all gamblers 2a.) What gamblers whom has most followers 3.) A general stat that teases like: “If you had deposit 100$ 3 months ago, and followed the 3 top gamblers, you would have 234$ by now!” 4.) Bet feeds from all the gambles (comments on the bets) 5.) Stats from the last 10 bets.
- Gambler page (when clicking on a gambler): 1.) A profile image is shown 2.) A profile description is shown 3.) A stat of all the bets made by the gambler. 4.) A stat of the last 10 bets made.
- Match page (when clicked on a match): Will show what gamblers are playing on that specific match. Besides showing what bets are being made for that match, comments(feeds) from the Gamblers should be shown here.
Revenue model for “gamblers”:
Gamblers will be legally forced to do the betting them self. Gamblers generating a positive revenue will be rewarded with a (configurable) x% in kick-back from its followers. Gamblers generating a negative revenue for its followers, will not generate any kick-back. The more followers, the more revenue can be earned for the Gamblers – this will truely encurage the Gamblers to promote a followship of thier bettings. This can eventually become a living for the very good betters.
Revenue model for the site:
Everytime a gambler makes a succesfully bet, and the followers makes money – a small (configurable) fee will be charged from the followers.
FAQ:
Q: Will normal players be able to create a profile?
A: No
Q: Can a player follow more than 1 gambler?
A: Yes
Q: Who are the Administrators?
A: To begin with, its the owners of the site.
Q: Should the “deposit money” system be included in system?
A: Preferably yes, but its not a requirement
Q: What happens if a match is not played or the result is vague?
A: The administrator should be allowed to mark a game as “void” – ensuring all the followers of the match to not loose/win the match.
Q: Is it possible to follow 2 gamblers that bets on the same match with different result? (e.g. home and away win)
A: Yes – however its possible for the player to abandon a specific match if he wants to
Q: Is it the Administrators who decides when a new Gamblers is to be added?
A: Yes
Q: What is the revenue-model for the site?
A: A small fee (configurable) of all positive-revenue-generating-for-the-players bets will be charged.
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Attached you’ll find a screenshot of what the frontpage should look like.
