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  • High Sparrow
    Participant
    Joined:
    Feb 27th, 2016
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    Posts:
    #458978

    I tried to play the Oscar Prediction contest last week, but I am very confused by the rules of this contest.

    For instance, I picked the Revenant to win Best Director and I bet 500 points,, and I was right, but the scoring says my winnings are just 10 points, what???

    Then Mark Rylance was only my 3rd ranked prediction for Supporting Actor, and I bet 100 points on it, I’m rewarded with 10 points!

    Some questions:

    1) Why am I being awarded for getting it wrong? How are points scored if you get it wrong, the rules arent explained?

    2) I looked at the leaderboard, and some people won more points then I did for making the exact same prediction, because somehow they were given different odds then i was.  How is that possible, and is that fair?

    3) Finally, I noticed the leaderboard for the Oscars was ranked by accuracy, not the total points won. So what is the reason for getting points?

    4) Also, is this website giving away money for free, or is it like Draft Kings, where you have to bet real money to win?

    Thanks for the help, Im confused to say the least.

    Reply
    Riley
    Participant
    Joined:
    Oct 11th, 2010
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    Posts:
    #458980

    It says that your winnings for Best Director are 111 points, which are 500 times the 2/9 odds that you got. You generally get 10 points for a third-place prediction and 25 for second. You get better odds for more gutsy predictions because there needs to be some kind of tiebreaker since so many people make the same predictions. For example, you would get more points for Best Director if you predicted Inarritu before he won DGA and BAFTA because everyone had him after that. No users put money down on this site.

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    ETPhoneHome
    Participant
    Joined:
    Jan 3rd, 2013
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    Posts:
    #458981

    I don’t know these are 100% right, but having participated for a while, I can give what is my understanding. 1) You get some points for getting it wrong, but nowhere near the amount of points you would get for getting it right.
    2) Odds are locked in when you make the prediction. If you bet on a prediction early in the season for example, when a prediction has much longer odds, then stick with it for a long time, you will likely be rewarded for it. If you have a long shot prediction, it’s possible the odds may get longer, and updating can actually help you.
    3) The accuracy is most important, so if you get a perfect prediction, regardless of the odds, you will win for getting the most right. Points are primarily a tiebreaker, be given the amount of the people predicting the awards, it’s often necessary.
    4) This isn’t a gambling contest, you get the prize just for making predictions, no money needs to be provided on your end.

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    Baby Clyde
    Participant
    Joined:
    Nov 8th, 2010
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    Posts:
    #458982

    I’ve been here 15 years and I’ve never understood how any of it works.

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    babypook
    Participant
    Joined:
    Nov 4th, 2010
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    Posts:
    #458983


    I’ve been here 15 years and I’ve never understood how any of it works.

    Same, although now, with these questions, I have a new-found interest.

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    High Sparrow
    Participant
    Joined:
    Feb 27th, 2016
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    #458984

    Okay, thanks for explaining that.  A few more questions, if you don’t mind:

    1) So do you also gets some increase in accuracy percentage for your 2nd or 3rd choice winning, for instance, or does accuracy only measure how many you predicted completely correct?

    2) Also, I’m playing the American Idol or Survivor contest, do they give prizes weekly, or are you only rewarded for your cumulative performance the entire season?   

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