Bettingpool Script

We are a group that like betting and instead of sending
out emails each time we have placed a new bet we want
a script that handle that part for us and give us a website
where we can follow the bets instead.

Read the description before you place a bid.

I will answer your questions via PMB, but here is a short description
so you get a chance to get the picture of what we want.

We open PoolA for new shareholders and set a closingdate
when it´s not possible to make a purchase anymore.

People that come to our site buy a share in PoolA for $50.

When the closingdate come, the script should pool all
the money into PoolA and give the persons that have
purchased a share access to the page for PoolA.

If we say that 25 persons purchased a share it
will mean that we will have $625 in PoolA and each
share is worth $25, when we start.

When we place a bet with a bookmaker, we will add
it manually into the script.
We will add these different things:

Date of Game
Sport
Team A
Team B
Bet
Odds
$ Bet
Possible winning

In the script it must be built in an easy way to add these parameters
and these parameters is also what should be doing the mathematics
that will show the ongoing size on the portfolio.

When we place a bet we often just bet a small percentage of our portfolio
at each bet, but in this example i will use 10% just to make it easier.

Portofolio $625

If i bet on a game where i get odds 1.86 and bet 10% of my portfolio
i will bet $62,5.
When i add this bet into the script the amount in the portfolio
needs to change to $562,5.
It also need to add a line that says Live bets: $62.5

The possible winning will be $116,25 ($62,5 x 1,86)

That bet should stand on a line in the PoolA page so the shareholders
can login and see what games we have placed bet on, so they can follow the
games if they want to.

The moderator of the pool needs two buttons at the end of the line of each bet,
one that says WON and one that says LOST.
When the moderator clicks on WON, the possible winning of that bet should
be added to the portfolio and the $ bet amount from that bet should be subtracted
from Live bets.

In this example above we should get a portfolio with $678,75 and each share
would be worth $27,15.

If we lost the bet, the moderator will click on LOST and in that case the only
thing that happens is that the Live bet amount will change since we
subtracted the amount we betted when we placed the bet.

When these actions by the moderator take place we want the bets to
stay at the frontpage of the pool for 24 hours and after that move to
the Pool history page where every bet placed in that pool should be
possible to view.

What is important to know is that we can have between 10 and 20
active bets running at once and sometimes we place a bet on Thursday
but the game isn´t until Saturday, all to get the best odds.

The best thing is if the purchase of the shares can be automated so
they get to our site, choose a share, register and pay and after that
they have access to that pool.

We also want to be able to put a fee on the share so if it cost $25 and
we have added $5 the payment should be $30, but we want to be able to turn
it of if we want to.

When we should pay them their share after the pool is done we will
take a percentage of the profit and that we need to set in percentage.
It´s important that it´s only a percentage of the profit.

So if we have ended PoolA and each share is worth $150 the profit
for each shareholder will be $125 since they paid $25 for their share.
If we want 5% fee it will be $6,25 per share.

If we can make the payment back to them automated it would be good
but we can handle it manually if it´s to much trouble as long as everything
else is working.

Tell me what payment processors you can make it work with.

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