...without the point system.

Every player starts with $100. Daily he can make up to 5 bets using information from any betting site on the net. Minimum coeff = 1.5. Minimum bet = $10. For example, let's see how it would have looked for yesterday's football matches (I made up all the values...) :

============================
Bank = $100
My bets for today :
1. Portugal - Iran. Portugal wins @ 1.54 $20
2. Czech Republic - Ghana. Czech Republic wins @ 1.50 $10
3. Italy - USA. Draw @ 2.14 $10
============================

When you know the results, post another message :

1. Portugal - Iran. 2-0 +++
2. Czech Republic - Ghana. 0-2 ---
3. Italy - USA. 1-1 +++

Bank = $112.2 (+$12.2)

Obviously, the winner is the one with the biggest sum at the end of the contest =))

1. I've never betted , how do you know how much you've won if you win the bet ?

2. If we're going to do this seriusly we should use only one site for odds

You multiply your bet by the coeff.
For example, for Portugal-Iran game I won 20*1.54=$30.8

Then u have to subtract your original bet to get the profit...

Obviously =)

This doesnt seem fun to me ......I think if we take bets against each other it would be much funner

We would start at a X amount ....then if you go to 0 you could get a refill on your amount....but only could refill so many times a week or something

Tell me your thoughts on this

Against each other? You mean if you say that a team wins I gotta say that this team loses? Doesn't make sense.
I think my idea is fair and it works on other forums.

I guess this can work %)
Especially if there is some prize money for the winner! )