Idea for a game mode: Waging Influence Points

Hey there everyone! I'm an old veteran LoL player and I was brainstorming just now on what kind of game mechanics would make the League of Legends experience more interesting. I was playing some Dota 2(I know, shocking) and they have this temporary mechanic where you can bet coins. And it got me thinking just now, what if we could bet IP?
Now of course, you can't play the game without IP. So I propose that this could be a temporary event-like game mechanic. Of course, I think people playing this mode should also have at least 1500 IP minimum to participate.
The way it would work is that everyone bets at least 250 IP, or more(the maximum bet would be 1000), the players on the winning team would get a split amount of IP each, while the losers would get nothing. What do you think? I would be a part of this kind of game mode just to spice things up a tiny bit.