Footy tipping

Footy tipping is a betting pool based on a game of skill competition where competitors try to predict the winning teams in a round of games played each round during (usually) the home and away season of a sport.
Footy tipping is the name most used in Australia, however it is not a unique Australian custom. Footy Tipping is known in other countries under names such as "Office Pools", "Football pools" or "Betting pool", however most countries have slightly different rules.
In order to eliminate draws, the competitors (or tippers as they are called) commonly also try to tip the winning margin in the first game of each round.
Footy tipping is most often played in offices where office workers are entered into a competition amongst themselves. Usually, each player puts in money to play and the person with the highest score at the end of the season (or round) wins a portion of the money. Although the structure of footy tipping technically constitutes gaming, most Australian states allow work place tipping competitions to operate.
Due to the internet, many large scale free to enter tipping competitions are run by licensed Australian wagering service providers, media companies and sporting bodies such as the Australian Football League and National Rugby League. These competitions are free to enter and play due to gaming regulations in Australia, however they differ vastly in prizes offered to competitors, from some competitions offering only bragging rights through to other competitions offering up to $1m in donated prizes.
Traditionally done with pen and paper, footy tipping has now evolved to software programs, particularly with the increased availability of the internet, which now plays the leading role in running office footy tipping competitions.
Tipping by the Odds
"Tipping by the Odds" started as a response to the drawback of most regular footy tipping competitions in that they do not adequately reward the tipping of upsets, but rather encourage conservative tipping.
Odds Tipping (as it is sometimes known) pays out bookmaker odds for each win. For example, in a 2006 round 19 AFL game between Adelaide and Fremantle, where Adelaide was the clear favourite, the pay off was $1.28 for those tipping an Adelaide win and $3.55 for those tipping a Fremantle win. As Fremantle won the game, those tipping Adelaide received $0 for that game. Typically, the odds are announced for a given round early in the week leading up to the weekend's fixtures, with the odds remaining fixed once first announced. Tippers place their tips after the odds are announced.

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