Here are the accounts, for reference:
Advent VII: 10,000
Chaos Is the Key: 10,000
chibitenchi86: 10,000
Eiko Guy: 20,100
f f freak: 10,000
Firo Volondé: 127,258
Hazzard: 41,800
Kentarou: 10,000
Laddy: 10,000
LunarWeaver: 10,000
Mercen-X: 12,000
Ninja Ryu: 59,988
professor_scissors: 183,000
Rase: 1,120,000
Rocket Edge: 22,000
ShunNakamura: 10,000
Starlight Angel: 12,000,000
Studder: 19,000
Triumphant Hero: 1,410,000
TyphoonThaReapa: 74,750
Zante: 271,900
ZauberSternerin: 24,000
Anybody who has no listed account comes in at 10,000, and will be added when they first start betting. You may bet as much money as you have, however much you bet is doubled if your pick wins and lost if your pick loses. Money will carry over to the Fantasy Grand Tournament, which occurs after this, and will be used for character creation. You may beg money from others at any point, but all transfers of funds must be posted in this thread for them to happen.
The first battle is between Phoenix and Psycho Mantis. It will take place in the Chozo Ruins. The fight will be posted either Saturday or Sunday. Betting will be open until that time.