I've always done mine with upset points, as in you get bonus points equal to the difference in seeds. You would also get one point for a first round victory with the points doubling each round. So basically in the first round if you correctly picked a 12 over a 5 you got one point for the 1st Rd victory + 7 bonus points for the upset. I always preferred that because not all victories should be equal and you should be rewarded for correctly calling an upset.
I've heard of some pools using point spreads. How do those work?
How do you run yours and why?
I've also done 'pools' where you kick in 5 bucks and draw a team. Pays off with the following dollars:
5/team reaching Sweet 16,
10/team reaching Elite 8,
15/team reaching Final 4,
30/team reaching The Finals
40 to the Champion.
I've heard of some pools using point spreads. How do those work?
How do you run yours and why?
I've also done 'pools' where you kick in 5 bucks and draw a team. Pays off with the following dollars:
5/team reaching Sweet 16,
10/team reaching Elite 8,
15/team reaching Final 4,
30/team reaching The Finals
40 to the Champion.