However...I have done a little research, and one way that seems to work, for those who want to put in less of an "ante" than the full share is to make their prize proportionate to their investment, should they win.
In other words, if the ante is $100 and the person who ultimately wins the contest put in $25, they get 25% of the pot. If the second place finisher put in $50, he gets half of what's left, and if the third place finisher put up the whole $100, he gets the balance of what is left (or, on down to the point where a person with a full ante places, or the pot is exhausted).
If the guy in second put up the whole ante, then he wins the 75% share remaining, and there is no third place award.
Naturally, if the winner put up the full ante, he wins the whole pot, and there is no lower award.
Guidelines:
* One entry per person.
*The ante posted as of the official weigh in is the percentage of the pot you will be eligible for at Rockford should you place. $100 is the maximum. You can post multiple amounts up to Noon Eastern time on July 15, which will count as one entry.
* This contest will be based on the percentage of body weight lost between the "official, virtual, weigh in" on July 15, 2008 and on-site weigh-in at Noon on June 19, 2009. You must be present at the Rockford weigh-in to qualify for a prize, no exceptions.
* Once you paypal your ante, it is nonrefundable and, even if you give up mid-way (or do not show up for whatever reason), your money is part of the pot.
* Your weight loss must be naturally attained. If you have had any of the weight loss surgeries (whether bypass or banding) as of the date of the Rockford weigh-in, you will be disqualified. The "bare-belly review" at the awards on Friday afternoon will be a display of any laproscopic or other scars that denote surgery. If you have already had any of these procedures, you are not eligible for this contest.
* Ties in any case are apportioned based on the amount left in the pot at that time, and the ante contribution of the tying members (so if there is $100 left in the pot and we have a tie between a member who anted the full $100 and a member who anted $50, the full prize goes to the person who anted the full amount). Any full-ante members involved in a tie will split the available pot 50/50.
* Women and men alike are welcomed to participate (so I am using "guy" and "he" as a generic)
* You are solely responsible for any and all taxes resulting from your winnings, if any.
Please comment on these parameters, and contribute any others you have in mind. We need to agree how the "official" weigh in takes place (doctor's note, certification by a doctor or personal trainer, video tape, photo, etc). Please comment on this.
Let's have some fun with it and do some good for our bods in the process. We are a competitive lot, so this should help to reduce all waistlines in the process.
A hot dog eating competition will be held immediately after the weigh-in
Best,
M
