I'm back again with another EPL based tipping asset. A few changes from last year, as requested. The new Season starts on Aug 13th 2016.
I've been betting on the English Premier League since it started, and since it's inception i've been refining a system which allows me to predict results.
Last year we achieved a 27.58% ROI with 47% of all games predicted correctly. We paid out about 15.5BTC in Dividends The year previous we achieved a 135% ROI by predicting 53% of all game outcomes correctly. Just under 24 BTC was paid out over the season in dividends.
I have updated the system this year and rather than a Home-Draw-Away prediction, the system produces a "Best Bet" selecting one of 10 different types of bet which has odds within a certain threshold. I utilise statistics from various sources, combined with my own specific calculation, which gives me a percentage, which i then place bets on the most likely result. Tips are published to this thread before the rounds games. This tipping service alone would cost your more than a token!
As people are buying the Asset, the NXT is converted to BTC and dropped in to a Kitty on a Bookmaker. Each round, the Kitty is divided by the total number of games remaining in the season. The winnings from the round are split between dividends, reinvestment in to the kitty and management fees. At the end of the season, the complete kitty is divided by a final dividend and a management fee. (The winnings are converted at the end of each round to NXT to pay dividends)
Different this year is the reducing price of the Asset per round, allowing for a fairer buy in price and easier ROI. This was a big request from previous season.
10000 Tokens are on issues at 190 NXT each
80% of the winnings of each round is paid in dividend
10% is paid back in to the kitty
10% is kept by me as management fee
Each round the price of the Asset is reduced by 0.5 NXT per game played
I'll waive my management fee untill the kitty reaches 10 BTC, untill that point, my 10% will be put back in to the kitty (so 20% each round is reinvested)
Results from last year can be seen here (https://nxtforum.org/asset-exchange-general/(ann)-epl2015-premier-league-tipping-system/
In round 1, 380 games remain (typically 10 games per round)
Kitty = 10000 NXT
Bet per game = 10000 NXT / 380 games = 26.31578947 NXT
All predictions are succesful at odds of 2.0
5000 NXT winnings = 4000 NXT (Dividend), 500 NXT (Kitty), 500 NXT (Fee)
NXT Asset Price Drops from 190 to 185 NXT (10 x 0.5)
Any questions just reach out on the thread.
This is more of a fun project more than a serious money making opportunity, it just adds a bit of spice to watching the games i find.
Asset ID: 4347550005568983492