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Terms and Definitions
Analyst
A person who analyzes the match-ups or other subject matter of an Event and makes predictions regarding the outcome. All registered users at ThePoolOnline.com are referred to as Analysts. Some actually deserve it.
Application Service Fee (ASF)
The per event fee charged to each Analyst. This fee covers operating expenses such as PayPal transaction fees, telecommunications, software licenses, software development, hardware, and support services. ThePoolOnline believes the entertainment, competition, and community provided by ThePoolOnline.com in addition to the unique online convenience and central repository of historical information represent a great value. Currently the ASF is 1.00 point per event. For example, if you enter an event with a 10 point entry fee. Nine points would go towards the event Purse and one point would go to ThePoolOnline.com. ThePoolOnline has never made a profit.
Career Record
An Analyst's cumulative wins and losses based on all games regardless of event type. Both league event results and open event results are included in an Analyst's career record. Career record is the best indicator of an Analyst's ability to predict the future.
Cumulative Purse
The amount awarded to the top analysts upon completion of a multi-round event. The award amount, expressed in points, depends upon the number of rounds (weeks), the points-per-event (PPE), the points discount, and the number of participating analysts. The Charter League cumulative Purse exceeded 1000 points over the past two seasons. Analysts must participate in at least as many constituent events as expressed by the mimimum participation amount.
Event
A virtual competition whose outcome is based on the results of a real competition. An Event can stand on its own, or it can be a Parent Event (have child or sub events) or Child Event (part of a Parent Event). An Event may be a single or multi-round event and can occur in several formats. Every Event is based upon an Event Base--the real competition.
Event Base
The real competition, such as a football season or game, on whose outcome a virtual competition is based.
Event Cutoff Time
An arbitrary time set prior to the Event Start Time by which all Event Entries must be received. Once the Cutoff Time has passed the Event is closed to new entries.
Event Format
The nature of the real competition, such as head-to-head matchups (like an NFL Week) or bracketed tournament (like the NCAA basketball tourny).
Event Name
A name given to an Event by its Creator. A good name suggests both the underlying Event Base and League Name if appropriate.
Event Start Time
The start time or, in the case of multi-round events, the earliest start time of any child events.
Minimum Participation
The lowest number of events in which an Analyst must participate to be eligible for the cumulative Purse. This is normally about 75% of the total rounds (weeks) but can change from event to event and from league to league.
League Event
An Event which is open only to Analysts who have joined the league sponsoring the Event. Analysts can be members of more than one league. Accordingly, its possible to enter picks in mulitiple events based on the same Event Base. For example, you could enter "Charter League Week 1" and the "Foo League Week 1" which are both based on the NFL Week 1 Event Base.
League Record
An Analyst's cumulative wins and losses based on all games in a specific league's events.
Open Event
An Event which is open to any Analyst. Analyst records in open events will not affect league records. Its possible to enter picks in mulitiple events based on the same Event Base. For example, you could enter "Charter League Week 1" and an Open Event based on the same NFL Week 1 Event Base.
Parent Event
Any Event with more than 1 round. In a multi-round event, the Event on which the constituent rounds (or weeks) are based. For example, the "Charter League NFL 2001-02 Season" is the Parent Event of the "Charter League NFL 2001-02 Week 1" Event.
Rounds (Weeks, Games)
The number of rounds in a multi-round event or the number of games in a single-round event.
Points Per Event (Event Entry Fee)
Also called the PPE, this is the Entry Fee per child event in a multi-round event. Multiply the Points Per Event by the number of rounds to calculate the total Entry Fee for a multi-round event.
Points
The currency of ThePoolOnline. One Point equals one dollar. Event Entry Fees and Event Pots are expressed in Points. Once you transfer funds to your Pool account they become Points. Any winnings will be credited to your Point balance. You can exchange your Points into dollars at any time.
Points Discount
In a multi-round event with a cumulative Purse, the percentage of each round's Event Entry Fee allocated to the cumulative Purse. For example, consider an Event with a 10 Point Entry Fee and a .25 Points Discount. In this case, 25% of each Analyst's Entry Fee (after any applicable service fees) would be allocated to the cumulative Purse each week.
Purse
The cash amount awarded to the Analyst or Analysts with the best record in an Event.
Status
An Event goes through distinct stages or modes of operation. A typical event such as a football pool will have Future, Ready (Open), Closed, and Final status during its life cycle. The Future status indicates that the event takes place in the future and is not yet ready for entry. During Future status the Event Base schedule is usually displayed. The Ready or Open status means the pool will accept Analysts' input (picks). An input form is displayed during the Ready or Open status. The earliest start date of the Event Base marks the end of Ready status and beginning of Closed status. The period between the earliest Event Base start time and ThePoolAdmin's certification of the event as Final defines the Closed status. After all Event Base scores are official and double-checked, ThePoolAdmin's declares the event in Final status.
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