March Madness Party

[Another Steve]

Tonight is my 25th March Madness Draw Party.

16 Teams, everyone get a Team in each corner, random draw. There is a redraw at Sweet 16, Below is everything I pay out.

MARCH MADNESS LUCK OF THE DRAW

DRAW PARTY MARCH 16TH
$50.00 PER TEAM
16 TEAMS = $800.00

EACH PLAYER WILL RECEIVE 1 TEAM FROM EACH CORNER OF THE BRACKET

THERE WILL BE FOUR SEPARATE DRAWS FOR EACH CORNER

AFTER EACH DRAW, TEAMS WILL BE POSTED ON THE BOARD

TEAMS (4) LOSING BY THE MOST POINTS IN FIRST ROUND, ONE FROM EACH CORNER RECEIVES $15.00 = $60.00

TEAM WHO HAS THE HIGHEST SEED NUMBERS WILL RECEIVE = $15.00
(ADD THE SEED NUMBERS TOGETHER)

FIRST TEAM OUT OF TOURNAMENT RECEIVES = $15.00
(WILL BE DECIDED BY TIME POSTED ON NET IF NEEDED)

A RE-DRAW FROM THE SWEET 16, EACH PARTICIPATE RECEIVES ONE TEAM FROM SWEET 16, WINNER OF TOURNEY RECEIVES = $50.00

EACH TEAM MAKING THE SWEET 16 RECEIVES $5.00 = $80.00

EACH TEAM MAKING THE ELITE 8 RECEIVES $15.00 = $120.00

EACH TEAM MAKING THE FINAL 4 RECEIVES $40.00 = $160.00

THE LOSER OF THE CHAMPIONSHIP GAME RECEIVES $100.00 = $100.00

THE WINNER OF THE CHAMPIONSHIP GAME RECEIVES $200.00 = $200.00

TOTAL $800.00



Beer and Dinner Provided
Happy Hour Starts @ 6:00, Drawing @ 7:00

 

[yyz]

We had our annual Calcutta auction last night. Been doing it since 1997.

The teams went for just under $30,000.

Payouts based on many variables.

 

[clarkd32]

We had our annual Calcutta auction last night. Been doing it since 1997.

The teams went for just under $30,000.

Payouts based on many variables.

yyz - any chance you have the payouts for your Calcutta auction? would like to see how it is set up. can't find one around here but thinking about trying to get people to form one. email is username at hotmail. if you aren't comfortable sharing no problem... totally understand.

 

[clarkd32]

steve - so at the sweet 16 re-draw where everyone gets 1 team... you only have 1 payout to the winner for $50?

just making sure i understand it correctly... very interesting format!

 

[yyz]

Champion 27.5 1 27.5
Runner Up 14 1 14
Final 4 7.5 2 15
Elite 8 3.5 4 14
Sweet 16 1.625 8 13
Low Seed 16 2.5 1 2.5
Low Seed Round 1 4 1 4
2nd low seed round 1 3 1 3
Big Loser 4 1 4
2nd Big loser 3 1 3




It didn't format well, but the first number is the % for each team, the second is how many winners, last is total %