Prop Bets - ELO Challenge - How does the ELO challenge Prop Bet work?

Scenario A - Player must increase their ELO to a specific goal

Player A sets an ELO challenge to reach an ELO rank of 2000 within 30 days. They wager $100. There is no markup, and only one bettor is allowed.

Player B bets $100 that Player A will not achieve the ELO rank of 2000

If Player A reaches the ELO target before the 30 days end, they win the challenge and $100 from Player B.

If Player A fails to reach the ELO target in the timeframe - they lose the bet, and Player B is awarded $100 from Player A.

Scenario B - Player must increase their ELO by a specific amount

Player A sets an ELO challenge to increase their ELO rating by 1000 points within 30 days, They wager $100. There is no markup and only one bettor is allowed

Player B bets $100 that Player A will not achieve a 1000 pt increase in their ELO

If Player A increases their ELO by 1000pts from the ranking that it is when the bet commences (not when the wager is placed) within the specified time frame, they win the challenge and $100 from Player B

If Player A fails to increase their ELO by 1000pts from the ranking that it is when the bet commences (not when the wager is placed) within the specified time frame, they lose the challenge and Player B is awarded $100 from Player A

IMPORTANT: This challenge is measured from the time that the challenge starts, not when the bet is placed. So if the challenge is due to start at 08:00, whatever the challenger's ELO rating is at that point will be the starting point.

It is important to note Player A can cancel the bet at least 24 hours after the challenge begins, but by doing so, it will be forfeited, and the prize will be awarded to Player B at the specified end of the challenge.