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Ashley

Foxestalk Betting Syndicate.

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Posted

£20.00 entry fee.

Bets will be placed on number of votes the bet has.

Percentage of pot placed on bet decided too.

1. Ashley

Posted

May i ask, what happens with withdrawals, members being paid their dividends etc? at what point does this happen? what happens with free offers? or if the pot goes down to 0?

 

Do you spread the pot over a number of bookmakers to take advantage of free offers?

Posted

I am up for it but I'll await further explanation before I throw my hat in the ring-is there a limit on people in the syndicate? 

Posted

Sounds interesting. Good luck with it but I'll just be an interested observer for now, may buy in if it looks good and there's an opportunity at a later date.

Posted

Okay. The explanation.

Each member will send the POT HOLDER £20.00.

Members will post what bets they think are good for the coming week/weekend(let's not go muggy and get carried away wanting to bet every day).

Bets will be voted upon by members, stake ammount to be voted on too.

Withdrawing/paying out:

People can ask to withdraw at any time, withdrawal fund will be split by 'x' members to get 'x payout'. My family syndicate is currently on £214 this roughly equates to £51 profit each plus the original £20 we started on so currently we each hold £71.

As for signing up to new accounts I have a William Hill, Bet365, PaddyPower & Betfair. If people see good sign up offers and are willing to open an account for the syndicate monies will be transfered from POT HOLDER if agreed upon.. should bet be won monies transfered back.

Any questions or improvements please post. I will post later on something along the lines of how I would like bets to be posted for members to vote on.

Posted

I'm definitely in.

Just one question though, if someone withdraws, are they allowed back in at a later date or no?

Posted

I'm definitely in.

Just one question though, if someone withdraws, are they allowed back in at a later date or no?

Shouldn't see why not but buy back would surely have to go on what members stake is held? If we're all on £70, £70 buy in?

Posted

Shouldn't see why not but buy back would surely have to go on what members stake is held? If we're all on £70, £70 buy in?

Seems fair to me. Just wondering anyways :)

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