Thanks @ tosch

Just so the mercs get a feel for how we plan to run this:
The corp is called " RONIN EMPIRE DOMINION"
Channel is called " R.E.D MERC BETS" but will be changed tonight to " THE RONIN CHALLENGE"
I came up with the idea this morning so please excuse changes as I weed out flaws

Basically the insta bets with the cheapest openings are ambushes starting at a wager of 250000 per merc with 50 000 goin to the corp and 450 000 to the winner.( easy enough since most people make 200 000 a match so if you win you will walk away with about half million plus battle rewards.

Anything other than ambush go up by increments of 250 000
So skirmish domination an ambush oms start at 500 000 with a ten percent fee from each player to our corp.
500 000 each winner takes 900 000 pot plus battle wages
750 000 each winner takes 1,350 000 pot plus battle wages
1million bets and up winner takes 1,800 000 per million dollar s plus battle wages
So each player I made a channel for mercs to bet isk called R.E.D MERC BETS
EVERYONE JOIN THE CHANNEL AN YOU CAN APPLIE TO THE CORP WITH YOUR SECONDARY OR PRIMARY CHARACTER. We will squad up to see how many kills in a match with any weapon isk gets bet by donations to the corp then the winnings gets moved back to the winner .
I just made the corp last night so I only have room on bet nights for nine members so we will all co ordiate through the channel.
I ll be doing my test run of this tonight. At 1am eastern standard time
Scores can be measured by the most war points, kills or kills minus deaths up to the bets waged.
The "RONIN EMPIRE DOMINION" is the corp an "R.E.D MERC BETS " is the channel
We take 25% of the winnings as a service fee all challenges are accepted so let's squad up tonight on the channel.
I hope this takes off an please spread the word an channel name around.
Join the channel first so we can co ordinate at 1am est.
taxed 10% per million.

We suggest use your alts as your banks and then add that alt to your main corp and ask your CEO to transfer the isk to your main character so we never deal with large quantities of isk an you don't have to constantly quit an rejoin your corp to have your funds transferred between your alt an main character.
Once our reputation is secured an our numbers grow we plan to hopefully be a clan of ronin that can use these challenges an earnings from them as a way to make our clan numbers grow an use this concept on a foot hold in new Eden .

Challenges can be based on anything opposing mercs decide from sniper, nk, lav,pistol kills, just kills, kills minus deaths,, logi war point battles, sg battles squads of two on two anything you can challenge someone into.
I will also be having my administrators running simotainiously so mercs won't be waiting, we're still discussing days and times.
If you have any questions please message my main character OZAROW.
Thanks for your time

@CCP

I have posted a new thread in the Technical/Bugs section of the forums titled 'Ninja Knifing and Hit Detection. It needs to be fixed' and it is something I need you guys to read ASAP.

For those of you nova knifers out there who are having this issue, I need you to post over there for support so that we can get this resolved as quick as possible. It seems that not enough people are posting about it.