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Overview:
It’s
time for the annual NCAA Tournament Tournament. Rules are identical to previous
years and are described below. You should obtain your own copy of the pairings
to make your picks.
Abbreviated
Rules: Allocate 100 points from 2 to 16 teams, with no more than 50 points
on any one team.
Return
your choices to Don Harder via e-mail before the first tournament game.
Although
we will keep entry open to any of your Lilly friends, significant others, or children, please limit entries for children to
those old enough to talk basketball intelligently and add numbers to 100.
Thursday
at some point you can view the list of teams you “own”, number of shares, and the % of the team you “own” here
on this website. Also, after each round, you will find a current standing posted
here.
PLEASE
CHECK YOUR PICKS AND NOTIFY ME OF ANY ERRORS ASAP..
Detailed rules:
Only
one entry per person is allowed. Each participant has 100 “team shares”
to allocate in any way to no more than 16 of the 68 teams in the tournament. For
the preliminary games, either pick with confidence early, or wait until the final play-in game ends Wednesday. Points
will only be given for the regular round of 64. If you're too dumb to figure it out, well, not my problem. You can place no more than 50 shares on the same team, or choose up to 16 teams to
split your 100 shares (integer splits only). It is possible (although it rarely
happens) to win the tournament without having many shares on the tournament winner.
For example, if you have near 100% “ownership” (described below) on several teams which win a few games,
you may pick up enough points in the early rounds to win it.
POINTS:
A
total of 160 points is awarded to the participants holding shares on the winning teams in each of the 6 rounds of the NCAA
Tournament (960 points are awarded in the entire tournament). These 160 points
are divided equally amongst the winning teams ion each round. Within each winning
team in a particular round, the points are divide equally amongst the shares outstanding on that team. So, the points awarded per team in each of the rounds 1 - 6 are 5, 10, 20, 40, 80, and 160, respectively. The formula used to compute each person’s points for a given game is:
(#shares “owned” / total # shares on team) x (points for the round)
EXAMPLE:
Only
three people (Larry, Moe, and Curly) have shares on Indiana U. Larry has 10 shares, Moe has 6 shares, and Curly has 4 shares. IU wins in round 1. Five points are distributed for this
one game in Round 1 as follows: (10 / (10+6+4)) x 5 = 2.5 points to Larry, (6
/ (10+6+4)) x 5 = 1.5 points to Moe, and (4 / (10+6+4)) x 5 = 1.0 points to Curly.
This continues until IU loses (usually in the first round). In each subsequent
round, the number of points that Larry, Moe, and Curly receive doubles from the preceding round (since there half as many
teams left from one round to the next). When Round 6 (final game) is played,
160 points are distributed to the “owners” of the winning team.
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