http://y.ahoo.it/Nu3ivJS1

First place is $200, where else can you enter a bracket for $2.50 while making a $2.50 donation to webDip, AND possibly win $200?!

1 in 20 wins money, better than 5%, you don't need to know a thing about college basketball either, all teams are ranked for you!!

http://espn.go.com/mens-college-basketball/tournament/bracket

I'll be making my selections in a bit.

bump

I enter four brackets each year, so I'll count that, equal to a $10 donation. Got two other brackets paid for via PayPal, so we're up to $15 so far!

As I said, first place always win $200. A few years back I had Bout 100 brackets entered, 2nd place won $100, 3rd got $75 or $80, we had the top ten brackets take home money, so 1 in 10 won money that year, 10% of the entries!

bump

This year I expect we'll have at least 60 brackets entered, which makes for at least $300, and if we get to 61 brackets I will make four winners (so the odds are at least 1 in 20 that you win. In that scenario, the payouts may look something like:

1st - $200
2nd - $50
3rd - $30
4th - $20

Not bad for a $5 entry fee per bracket! Again, no knowledge of NCAA college basketball required, that may even be preferred!!

e.g. - I grew up in Minnesota, so I'll be picking the #11 seeded Golden Gophers to upset the #6 seeded UCLA Bruins, so my bias may hurt my chances to do well...

Just ran into a friend of mine, he said his two elementary school aged girls will be filling out brackets this year... Easy money, people, join up!!

I plan on doing this later tonight, just need to figure out my paypal info.

Done, I've got a 3 seed winning it - so go ahread and enter your chalk brackets and feed my wallet.

I'll be in. Can you PM PayPal info.

go to the yahoo link and its all listed there pj

Was about to create this concept .. thanks so much for organizing!

Oh ... and when you say first games, do you mean the play-in games or the thursday games?

you don't pick the play-in games in yahoo - so i would assume, Thurs...but idk.

Thursday, we ignore the play-in games, thanks for pointing that out!

Golden Gophers = Sweet Sixteen

Syracuse = National Champions

Ha. Syracuse....I believe the Golden Gophers could be in the Sweet 16, but then again I live in Big 10 country...

So I'm confused, you donate half the fee to web dip but the pool winnings are still based on the full fee? plus the 50 cent vig? So you are basically paying out of pocket for people to join your pool? Albeit its an out of pocket donation to webdip?

(and you do know paypal got rid of fees for person transfers like 3 years ago, right?

@erist - Be careful with paypal. They say no fees, but if you sell off a colelction or have enough sent to you, they will automatically convert your account to a business account without wanring and charge you fees retroactively. I closed my account there and refuse to receive any funds that way any more when they did that to me. I was unemployed and selling off my diecast car lcollection I had buiult up over more than a decade to survive when they socked me with a massive bill. I was already taking a loss because I eneded the money and they took even more from me. No, I don't accept payments from anyone on PayPal anymore. They can go fuck themselves for all I care.

Yes, erist, I am donating to webDip out of pocket merely to encourage people to join my pool, all entry fees go into the pool and are paid out as winnings. PayPal charges me 46 cents for $5.50, but it's 61 cents for $10.50, so I just cover whatever I lose there too. Some people mail me a check, but you have to buy a stamp, so the 50 cent "electronic stamp fee" for using PayPal seems reasonable to me. I'm not sure what a vig is, since I don't gamble, but I *lose* money running Marx Madness, every year, and I'm happy to do it!

Over $20 for webDip so far, keep the money coming in, people!

If you send money from your phone as "personal", there is no cost.

No cost to the sender. But there is to the receiver. Business account status doesn't care where the money came from.