The Bookie Pool concept originated in the hallways of McDATA Corporation,
the result of massive, awe inspiring brain activity churned out
by Dick Cooley, Jeff Mitchem, Mike Tatum, and Fred Williams. With
a bold membership of 12, the Bookie Pool launched its inaugural
season in 1992.
The following year, after eating a burrito at La Cabana, Jeff Mitchem
suggested implementing a plus 7 rule which would give losers the
chance to get back into the race with a double the return on their
wager. After finishing his taco, Fred concurred and quickly instituted
the new sucker bet, er, rule into the pool. The following year it
was officially changed to the plus 6 rule. Despite the persistent
pleas of Pat Mundy, a plus 18 rule to quadruple one's bet has yet
to generate serious consideration.
Pool membership has steadily increased each year with very little
turnover, despite the complete domination of pool operator Fred
Williams, who continues to pummel rookies and veterans alike.