Mojo Interactive, Inc. (herein after referred to as “Mojo" or the “Company”) operates a website and application for mobile devices providing users (“Patrons”) a platform for wagering on sports. Mojo intends to leverage its management, intellectual property, and industry knowledge to launch a variety of player-centric gaming products under the Mojo brand in legal jurisdictions. Further:
Mojo Value is a formula we use to approximate a Player’s real-world value. This formula weights various statistical categories accumulated by a Player during all regular season and playoff games by applying a specific monetary value to different categories of statistics. The Mojo Value formula is then applied to a Player’s actual career stats to come up with that Player’s Mojo Value. As a reminder, only stats accumulated by a Player during regular season and playoff games will be used in Mojo’s Mojo Value calculations.
To clarify, any Special Teams stats accumulated by a Player during a game will not count towards Mojo’s mVAL calculation.
Philip Rivers’ Mojo Value would have equated to the following:
(.01 * 66,435/10 Yards) + (.02 * 441 TDs) + (.02 * 145 40yd plays) + (.01 * 3,331 1st downs) - (.04 * 268 TOs) – (.01 * 491 Sacks) = 96.472 Mojo Value
The 96.472 Mojo Valuewould therefore be Philip Rivers’ career-ending Share Price ($96.47).
Super Bowl Boost
Without a Patron needing to do anything on their end, any Player that a Patron has wagered on that plays for the team that wins a Super Bowl in a given year, will automatically have a 5x Boost applied to any stats that a Player accumulates during the Super Bowl, for Mojo Value calculation purposes.
Super Bowl Example
Matthew Stafford’s Mojo Value accumulated during the Super Bowls he played in and won would equate to the following:
5 * [(.01 * 283/10 Yards) + (.02 * 3 TDs) + (0.02 * 0 40yd plays) + (.01 * 14 1st downs) – (.04 * 2 TOs) – (.01 * 2 Sacks)] = 1.945 mVAL
The 1.945 Mojo Value would be added to Stafford’s career regular season and playoff Mojo Value for a total Mojo Value calculation.
For a Player that is currently being offered on the Platform, Mojo will establish the Share Price by projecting the Player’s professional career-ending Mojo Value. Mojo projects an active Player’s Mojo Value by (i) calculating the Player’s actual, historical Mojo Value based on stats already achieved during the Player’s professional career, and (ii) adding Mojo’s prediction of the Player’s future professional stats. Mojo uses a proprietary algorithm to project the Player’s future stats. Therefore, the Player’s Share Price will be comprised of past actual stats and predicted future stats.
For a College Football Player, Mojo establishes the Share Price by projecting the Player’s professional career-ending Mojo Value. For these collegiate Players, Mojo Value consists solely of Mojo’s prediction of the Player’s future professional stats.
Unlike a traditional betting line, where Patrons either win or lose their entire Wager, Mojo provides a different type of Wager. Mojo will pay out one dollar for every mVAL point that the Player achieved when a Patron desires to Cash Out of their position, or if/when that Player reaches any of the Automatic Settlement criteria delineated below. Remember, Patrons can choose to Cash Out at any time for a profit if the Share Price of the Player they made a Wager on increases (see more on Cash Out below in section entitled “What Does Cash Out Mean”).
As an example, if a Player’s Share Price is at $50 right now, Mojo’s prediction at that moment in time is that Player’s mVAL will be $50 upon Automatic Settlement. If a Patron thinks a Player’s Share Price at $50 is too low (undervalued), the Patron could place a long Wager (more in “Going Long” below), and would profit if the mVAL ultimately ends up higher for that Player than $50. If a Patron thinks a Player’s Share Price at $50 is too high, the Patron could place a short Wager (“Going Short” below), and would profit if the mVAL ultimately ends lower than $50 for that Player.
Going Long is wagering a Player will exceed his current Share Price.
Going Short is wagering a Player will fail to reach his current Share Price.
[initial Wager - final mVAL] + initial Wager. Notwithstanding the above, a Patron can never lose more than the amount they initially wagered.
As a benefit to Patrons, we do not require that they place a Wager in the amount of a Player’s full Share Price. While Mojo sets the Share Price of a Player based on Mojo’s prediction for that Player’s professional career ending mVAL, a Patron may also bet dollar amounts of their choosing that represent a fractional percentage of the Share Price and receive a corresponding fractional return (or loss) on their Wager. For example, if a Player is priced at $50 and a Patron made a Wager in the amount of $25, a Patron would receive half of the payout for that Player upon his Retirement. So if that Player’s final mVAL at Retirement was $60, the Patron would receive $30. If that Player’s final mVAL was $40, the Patron would receive $20.
Prices move in real time. Mojo is constantly revising each Player’s Share Price based on its then current projections for that Player’s career ending mVAL. As one example, when a Player accumulates stats during games, the line on that Player’s mVAL may change with more known actual stats and new estimates for future stats. This could cause a Player's Share Price to either go up or down depending on how well they played. Further, every event — both on and off the field — can influence performance projections. Trades, injuries, suspensions and other events all may have an impact on a Player’s mVAL, and therefore on their Share Price.
Example: What happens if a Player gets traded?
Example: What happens if a Player gets injured or suspended?
Example: What happens when a Player retires?
The Mojo platform offers Multiplier multipliers on certain Players and/or stats related to those Players. The underlying Wager described above is the same, but a Multiplier multiplies the potential profits or losses on that Wager. For clarity, as an added benefit to our Patrons, a Patron can never lose more than the amount of their initial Wager on a Player when using Multipliers.
For example, if a Patron makes a Long style Wager on a Player priced at $10, and that Player’s mVAL on Settlement reaches $15, the Patron would receive a $15 payout on a standard Wager, representing a $5 profit (assuming the Patron Wagered the full price for 1 Share of that Player). If the Patron had applied a 3x Multiplier to that Wager, their profit would triple to $15 (total payout would equal $25, representing a $10 return for their initial Wager, plus a $15 profit).
If, however, the Patron made the same Wager on a Player with a Share Price of $10, and that Player ended his career with an mVAL of $7, the Patron would receive a payment of $7, representing a $3 loss (assuming the Patron Wagered the full price for 1 Share of that Player). If they had applied the same 3x Multiplier, their loss would triple to $9 (total payout would equal $1, representing a return of their $10 Wager minus their $9 loss).
Here is the precise formula for per Share payout:
[(Final mVAL– initial Price) × Multiplier + initial upfront Wager].
In the examples above the formula would be applied as follows. For clarity, the examples assume that the Patron is Wagering the full amount for 1 Share of the Player in this example ($10 in these examples):
If a Patron is wagering a Long style Wager with a 3x Multiplier on a Player with a current Share Price of $10, and that Player’s final mVAL was 15 (i.e. $15 Share Price), the payout would be:
(($15 - $10) × 3) + $10 = $25 (for a profit of $15).
If a Patron are wagering a Long style Wager with a 3x Multiplier on a Player with a current Share Price of $10, and that Player’s final mVAL was 7 (i.e. $7 Share Price), the payout would be:
(($7-$10) × 3) + $10 = $1 (for a loss of $9).
As another example, if a Patron makes a Short style Wager on a Player priced at $10, and that Player’s mVAL on Settlement goes to $7, the Patron would receive a $13 payout on a standard Wager, representing a $3 profit. If the Patron had applied a 3x Multiplier to that Wager, their profit would triple to $9 (total payout would equal $19, representing a $10 return for their initial Wager, plus a $9 profit).
If, however, the Patron made the same Short style Wager on a Player with a Share Price of $10, and that Player ended his career with an mVAL of $13, the Patron would receive a payment of $7 upon cashing out, representing a $3 loss. If they had applied the same 3x Multiplier to that Wager, their loss would triple to $9 (total payout would equal $1, representing their $10 Wager minus their $9 loss).
For clarity, as an added benefit, a Patron’s loss can never exceed their initial Wager even if the Multiplier payout formula would equate to less than $0 (see example 3 below for more on this).
Here is the precise formula for per Share payout:
(Initial Price - Final accumulated mVAL) × Multiplier + initial upfront Wager]
In the examples below, the formula would be applied as follows. For clarity, the examples assume that the Patron is Wagering the full amount for 1 Share of the Player in this example ($10 in these examples):
If a Patron is wagering a Short style Wager with a 3x Multiplier on a Player with a current Share price of $10, and that Player’s final mVAL was 7 ($7 Share Price), their payout would be:
(($10 - $7) × 3) + $10, or $19 (for a profit of $9).
If a Patron is wagering a Short style Wager with a 3x Multiplier on a Player with a current Share Price of $10, and that Player’s final mVAL was 13 ($13 Share Price), their payout would be:
(($10 - $13) × 3) +$10, or $1 (for a loss of $9).
For clarity, as another example of a Losing Wager
If a Patron is wagering a short style Wager with a 3x Multiplier on a Player with a current Share Price of $10, and that Player’s final mVAL was 15 ($15 Share Price), their payout would be:
(($10 - $15) × 3) +10, or -$5 (for a loss of $15).
Since in this example, the actual value is below $0, a Patron’s losses would simply be capped at that Patron’s initial Wager, and the Patron would not owe Mojo any other money.
Multipliers will not be offered on all Players. Mojo, in its sole discretion, will decide whether or not a Multiplier will be offered on a specific Player.
Patrons may Cash Out of their position at any time (as described above), but Wagers will automatically settle if any one of the following conditions are met (“Automatic Settlement”):
For the NFL
Wagers on a Player will Automatically Settle according to that Player’s then-current career accumulated mVAL, and Wagers on that Player will be disabled at the time of Automatic Settlement. For purposes of determining whether or not Automatic Settlement should apply, “Active Roster” status will be determined via a third party, which updates roster status on a daily basis during the season. Being on an active roster includes being on a roster with any of the following designations:
Except in rare situations, Players who are under contract with an NFL team will have one of these designations.
Mojo will therefore be agnostic to rumors, reports and even formal announcements regarding retirement. The objective Automatic Settlement criteria will provide clarity to Patrons who may choose to utilize Cash Out, speculate on a Player’s return to the sport, or simply wait for their Wager to settle under Mojo’s Terms and Conditions.
From time to time, a Players return to an active roster after an extended absence from the sport. If a Player subsequently returns to an active roster after Wagers on that Player have already been settled, Mojo may, in its sole discretion, make that Player available to Patrons for new Wagers. Previously settled Wagers are closed and cannot be “unsettled” or otherwise reactivated.
Yes, that can happen if a Player’s mVAL formula equates to “0.”
Absolutely not! Mojo offers a Cash Out feature that reflects the changing perception of a Player’s career ending mVAL. Based on these projections, Mojo will constantly be setting new Share Prices (“lines”) at which a Patron can buy Shares of a Player, as well as a price at which Mojo will buy back Shares of Players that a Patron would like to cash out of.
Mojo will offer Patrons a “Cash Out” feature on their Wagers, which involves Mojo buying back a Patron’s Wager on a Player, if that Patron so chooses, during Mojo’s market hours. The Cash Out price being offered to a Patron may, in Mojo’s sole discretion, differ from a Player’s actual Share Price on the Mojo Platform.
Patrons can make trades any time the platform is open. Mojo will post updated trading hours on its app and/or website. Of course, under extraordinary circumstances – including, but not limited to, situations when there may be reason to believe that the market has been manipulated in some way, or when there is an injury to a Player but it remains unclear as to how serious the injury is – like any market it can be suspended for short intervals while Mojo investigates (learn more here).
We currently support NFL football. We are planning to expand to NBA Basketball, MLB baseball, Premier League soccer, NHL hockey and Golf in the near future.
Go to the account page, create an account and add money to your account through ACH deposit. You can also deposit money at any cage at Tropicana Atlantic City Boardwalk Resort and Casino in Atlantic City, NJ. After that, search for your favorite Players on the Mojo Wagering Apps. Make some Wagers and start building your portfolio!
The game you are playing on the Mojo platform is considered gambling, and as such, Mojo is licensed as a gaming operator in the State of New Jersey. With that in mind, there are many regulations Mojo must follow, so you should feel safe playing on the Mojo platform. There are also restrictions that apply to who can use the Mojo platform. More on that below.
Reach out to us at email@example.com and we’ll get back to you as soon as possible.
We reserve the right to withhold payment or void any Wager(s) if we have any reasonable suspicion and/or evidence that the prices or the pool have been manipulated or where an event has been rigged, and this reasonable suspicion and/or evidence has caused us to report the match to the proper regulatory authorities. Evidence of the above may be based on the size, volume or pattern of Wagers placed with Mojo. Specifically, Mojo reserves the right, at its discretion (and after receiving approval from the appropriate governing body), to declare a Wager void, totally or partly, irrespective if the Wager is settled, if it is obvious that any of the following circumstances have occurred:
Sports Wagers may be funded through multiple options, including, without limitation, Patron deposits and site/promotional credits. Deposits can be made through Debit Cards or ACH.
It is a condition of our acceptance of Wagers from you that, and by offering to place a Wager with us, you represent and acknowledge that:
Please be aware that data such as current scores, time elapsed etc. that is displayed on our site
or on our text screens is sourced from a 'live feed' provided by a third party and may be subject to time delay and/or be inaccurate. If you rely on this data to place Wagers, you do so entirely at your own risk and Mojo accepts no responsibility for any loss (direct or indirect) suffered by you as a result of your reliance on it.
For the purposes of security and integrity, In Play Wagers (meaning Wagers on Players involved in Events that are currently in progress) are subject to an automated time delay prior to acceptance.
Prior to clicking "place Wager," if the Share Price changes on a selection, the Share Price will update automatically in a Patron’s Wager slip. After clicking place Wager, if there is a minor Share Price change resulting in a higher payout on a selection, the Wager will be accepted at the new Share Price. If the Share Price changes by more than 5%, the Wager will not be placed and it will be re-offered in the Wager slip at the new Share Price. A Wager will never be placed at worse odds if there is an adjustment to the Share Price. Share Price change thresholds are subject to review and change with regulatory approval.
The Mojo market may be suspended when something of significance occurs or is likely to occur (ex: goal, touchdown, ejection, etc). Wagering markets may also be suspended due to the time elapsed in a match, the market becoming uncompetitive or for technical reasons. The above examples are not exhaustive and there may be other reasons that are not listed. While a market is suspended, Wagers cannot be placed and Cash Out may not be available. The market for a specific Player or Players may be suspended at any time, In Mojo’s sole discretion.