- Joined
- Nov 29, 2007
- Messages
- 88,316
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***** EDIT: Using this thread as the official rules. Ask questions in
***** the thread and adjustments will be added to this post.
***** SEP 02 - Adding rule that trades must occur at a price within
***** 10% of the current price.
***** SEP 12 - Corrected the maximum butthurt movement values
***** SEP 26 - Required a minimum trade of 10 shares to result in
***** a change in market price.
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Starting Portfolio
From the preseason probability polls, voters are awarded either $10,000 or 100 shares of Butthurt depending on whether you voted higher or lower than the average vote tally for each game. So, this rewards the folks that voted each week. Butthurt will begin the season at $100 a share, so that everyone will start the season with the same value for each game they voted on. Some will be more butthurt than others.
To further reward those that voted realistically, bonus cash or shares are given to those who voted closest to the average for that game. So if you are within 0.2 above the average, you get a $1,000 bonus. If you voted within 0.2 below, you get 10 additional Butthurt shares.
Butthurt Share Price Weekly Adjustment
The Butthurt share price is adjusted each week depending on how we do relative to the average vote and the spread.
If we win a game predicted < 0.5 = Butthurt drops by 25%
If we win a game predicted > 0.5 = Butthurt drops by 12.5%
If we lose a game predicted < 0.5 = Butthurt rises by 25%
If we lose a game predicted > 0.5 = Butthurt rises by 50%
If we beat the spread, the above factors are reduced or increased by 20%. And vice versa for not beating the spread. Butthurt could move as much as 70% up or 45% down each week.
For each consecutive win, a Butthurt bank will accumulate at 10% per win. At the end of a winning streak, the Butthurt bank percentage will be added to the other percentage for the total weekly adjustment.
Butthurt Trading
Each week, people can trade Butthurt for cash with each other at the going rate. Trades have to be in by game time each week, and no trading during the game. Trades can also be made at a price +/- 10% of the current price. To illustrate, suppose you believe that GT will win the upcoming game, and share prices will fall. You might be willing to sell for below market value to someone so as not to lose the full amount after the weekly adjustment. The current Butthurt market price will be that of the most recent trade of at least 10 shares.
Trades will be only as documented in the Weekly BTC thread, with one party announcing the trade details and the other party confirming by replying to that post.
We can track each person's portfolio based on their cash and shares on hand. And so as not to penalize those that haven't voted every week, we can also track percent increase in portfolio value.
The Contest
The contest will be measured two ways. First by the total increase in portfolio value, and second by the percentage increase in portfolio value.
Here's are the starting portfolios. There are a total of 58100 shares of Butthurt.
A few interesting points. A number of folks are at the highest starting value of $132,000. Most cash on hand are the folks that typically voted 0.9 every time, such as @JJacket and @GTRules, with $123,000. Surprisingly, @Diseqc was beaten out for most starting Butthurt by @gtfan1147. He was consistently under the average, but only by a little.
***** EDIT: Using this thread as the official rules. Ask questions in
***** the thread and adjustments will be added to this post.
***** SEP 02 - Adding rule that trades must occur at a price within
***** 10% of the current price.
***** SEP 12 - Corrected the maximum butthurt movement values
***** SEP 26 - Required a minimum trade of 10 shares to result in
***** a change in market price.
------------------------------------------------------------------------------------------
Starting Portfolio
From the preseason probability polls, voters are awarded either $10,000 or 100 shares of Butthurt depending on whether you voted higher or lower than the average vote tally for each game. So, this rewards the folks that voted each week. Butthurt will begin the season at $100 a share, so that everyone will start the season with the same value for each game they voted on. Some will be more butthurt than others.
To further reward those that voted realistically, bonus cash or shares are given to those who voted closest to the average for that game. So if you are within 0.2 above the average, you get a $1,000 bonus. If you voted within 0.2 below, you get 10 additional Butthurt shares.
Butthurt Share Price Weekly Adjustment
The Butthurt share price is adjusted each week depending on how we do relative to the average vote and the spread.
If we win a game predicted < 0.5 = Butthurt drops by 25%
If we win a game predicted > 0.5 = Butthurt drops by 12.5%
If we lose a game predicted < 0.5 = Butthurt rises by 25%
If we lose a game predicted > 0.5 = Butthurt rises by 50%
If we beat the spread, the above factors are reduced or increased by 20%. And vice versa for not beating the spread. Butthurt could move as much as 70% up or 45% down each week.
For each consecutive win, a Butthurt bank will accumulate at 10% per win. At the end of a winning streak, the Butthurt bank percentage will be added to the other percentage for the total weekly adjustment.
Butthurt Trading
Each week, people can trade Butthurt for cash with each other at the going rate. Trades have to be in by game time each week, and no trading during the game. Trades can also be made at a price +/- 10% of the current price. To illustrate, suppose you believe that GT will win the upcoming game, and share prices will fall. You might be willing to sell for below market value to someone so as not to lose the full amount after the weekly adjustment. The current Butthurt market price will be that of the most recent trade of at least 10 shares.
Trades will be only as documented in the Weekly BTC thread, with one party announcing the trade details and the other party confirming by replying to that post.
We can track each person's portfolio based on their cash and shares on hand. And so as not to penalize those that haven't voted every week, we can also track percent increase in portfolio value.
The Contest
The contest will be measured two ways. First by the total increase in portfolio value, and second by the percentage increase in portfolio value.
Here's are the starting portfolios. There are a total of 58100 shares of Butthurt.
A few interesting points. A number of folks are at the highest starting value of $132,000. Most cash on hand are the folks that typically voted 0.9 every time, such as @JJacket and @GTRules, with $123,000. Surprisingly, @Diseqc was beaten out for most starting Butthurt by @gtfan1147. He was consistently under the average, but only by a little.
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