I joined a few of my northeast friends in a $300/person pool. Seven guys with $2100 at stake. You get 1,000 points to bid on 65 teams. A chinese auction format was implemented and we used a quick computer program to set up the random team selection order. It’s up to each individual to decide how they’re going to strategize on doing their own draft. Of the $2,100, you earn a % of the prize pool for each tournament win your team gets. If you win the:
1st round -you earn 0.5% of the prize pool or about $10
2nd round – you earn 2% of the prize pool or about $20
3rd round – you earn 4% of the prize pool or about $40
4th round -earns you 8% of the prize pool or about $80
5th round – earns you earn 13% of the prize pool or $160.
and if you win it all you earn like 20% of the pool or about $420.
These are estimated numbers which should add up to 100%. Anyway, my goal of course was to get UNC or UCLA. The first team up was Marquette a very good Big East team which I’m familiar with and a #6 seed that I though could very well upset Stamford in the second round. I bid $50 and won them. UNC came up the 3rd team overall and Dan M’s bid of 501 (over half his points) won the likely Final Four team and possibly his money back on just that selection alone. The draft went middle heavy early with many teams blowing through their points and some questionable bids like Tennessee a #2 seed (in UNC’s bracket) for 470 (out of 1000), Stanford a #3 seed at 241, Xavier a #3 seed and UConn a #4 seed (both in the UCLA bracket) for 200 and 151, Butler a #7 seed for 91. Some good buys of other participants I thought were Georgetown a #2 seed for 368, Oklahoma a #4 seed for only 38, Miami a #7 seed for only 37, and Temple a #12 seed for only 17. Below are my selections:
#3 Louisville (winner rounds 1 & 2) – 151, #3 Wisconsin (winner rounds 1 & 2) (my last selection) – 295 (I used up my remaining points to win this last highest seed), #4 Pitt (winner round 1, lost round 2), 142; #5 Drake (lost) – 52; #6 Marquette (winner round 1, lost round 2) – 50; #8 UNLV (winner round 1, lost round 2) – 19; #8 BYU (lost) – 31; #10 St. Mary’s (lost) – 21; #11 Kansas State (winner round 1, lost round 2) – 33; #11 St. Joe’s (lost) – 31; #12 Western Kentucky (winner rounds 1 & 2) – 37; #13 Oral Roberts (lost) – 10; #13 Siena (winner round 1, lost round 2) – 15; #14 Georgia (lost) – 7; #15 American (lost) – 1; #16 – Miss. Vly. St. (lost) – 1.
My best picks I thought were Louisville, Kansas State with Michael Beasley, UGA a throw in, but also SEC Champ facing Xavier and Big East Champ Pitt. I failed in my bids to win any#1 or 2 seeds so I’ll need some upsets when we hit the Sweet 16.
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On a side note, Syracuse beat Robert Morris in the 1st round of the NIT. I left myself with money at the end of the draft just in case Syracuse was granted a last second bid.
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