poker tournaments

B

bkrsman

Guest
Joined
Dec 16, 2007
Total posts
4
What happens when your playing in a tournament and the site your playing poker on goes down,is the money refunded to your account
or is the prize money split up among all the players remaining.
 
soccerfreakjj10

soccerfreakjj10

Guest
Joined
Aug 29, 2007
Total posts
293
Occasionally, due to technical difficulties, a tournament may be cancelled. Depending on the tournament's status at the time of this cancellation, full tilt poker will do the following:

* 31.1. If a tournament is voided before it starts - Players will have their buy-ins and fees returned in the same currency they used to enter the tournament (real money, tokens, etc.), unless they entered the tournament through a satellite, in which case they will be refunded the standard buy-in for the tournament.
* 31.2. If the tournament had not yet reached the money - All players still in the tournament at the time of the cancellation will be refunded their tournament buy-in and tournament fee. Players will have their buy-ins refunded in the same currency they used to enter the tournament (real money, tokens, etc.), unless they earned their entry through a satellite, in which case, they will be refunded the standard buy-in for the tournament. In addition, the buy-ins of players already eliminated from the tournament will be divided up and distributed to the remaining players, based on their chip counts. Guarantees and money added to the prize pool will not be included in the player payouts.
* 31.3. If the tournament had reached the money - All players still in the tournament at the time of the cancellation will be awarded with the next guaranteed payout. In addition, the remaining prize pool will be distributed amongst the surviving players based on their chip counts.
* 31.4. In a Rebuy tournament - the number of rebuys or add-ons a player has made does not affect the payout if a tournament is cancelled. If a tournament has not reached the money, all players will have their initial tournament buy-in and fee returned, as described in bullet 31.2. In addition, any other money in the prize pool (excluding guarantees and money added by Full Tilt Poker) will be divided and distributed to the remaining players, based on their respective chip counts. If a tournament has reached the money, payouts will be handled as described in bullet 31.3.
* 31.5. If a tournament awards a non-monetary prize, such as a world series of poker prize package, Full Tilt Poker will assign a monetary value to the prize, and distribute the cash value to the remaining players, based on their chip counts. If all remaining players have each won the first-place prize at the time of cancellation (e.g., the remaining players have each already secured a wsop prize package), they will each keep their prizes.
 
K

kesc

Guest
Joined
Sep 10, 2007
Total posts
85
Heres stars policy. It's a little long.

; said:
If PokerStars has to cancel a tournament for any reason, we make a concerted effort to compensate players in the fairest and most equitable way possible. There are three different possible compensation methods, depending on the exact circumstances and timing of the cancellation:
Rollback

In this case, we are "rolling back" the tournament - if you were registered for the tournament, you get your buy-in and fees (including re-buys and add-ons, if any) refunded. Also, the buy-in is refunded in exactly the same format with which you bought in. For instance, if you bought into a tournament using 10 T$ and $15 cash, then you would get back 10 T$ and $15 cash.
The other two scenarios are called "Roll Forward." That means that we are distributing the money from the tournament based at least partially on the results.
Roll Forward (no players in the money)

If a tournament is cancelled and we do a "roll forward" before the players are in the money, we refund each remaining player his entry fee, and then divide up the prize pool based on the following formula:
• 50% of the award pool is distributed evenly among all remaining players
• 50% of the award pool is distributed proportionally according to the chip count
Here's an example:
You were in a ($30+$3) buy-in tournament (with rebuys). There were initially 200 players, and with rebuys, the total prize pool was $9000. Suppose at the time of cancellation there were 100 players remaining, and your chip count was 37,500. The total chips in play were 300,000.
Prize pool to be divided equally: $ 9,000.00/2 = $4,500.00
Prize pool to be divided based on chip count: $ 9,000.00/2 = $4,500.00
Your share in money equally divided: $4,500.00/100 = $45.00
Your share based on chip count: $4,500.00 x (37,500/300,000) = $562.50
Your entry fee refunded: $3.00
Total money refunded to your account: $610.50
Note that if you bust out before the tournament is cancelled, you receive no refund.
When we do a "roll forward", all refunds are in cash (not T$ or W$)
Roll forward (players are in the money)

When a tournament is cancelled, and players have already reached the money, we refund each remaining player his tournament fee, and then divide up the prize pool based on the following formula:
• Each player receives the minimum prize not yet awarded at the time of cancellation
• The remainder of the award pool distributed is distributed proportionally according to the chip count
Here's an example:
When the tournament was cancelled, there were 15 players remaining, and your chip count was 37,500. The total chips in play were 300,000. The remaining prize pool was $11,000.00 and the minimum prize was $250.00.
Prize pool to be divided equally: $250.00 x 15 = $3,750.00
Prize pool to be divided based on chip count: $11,000.00 - $3,750.00 = $7,250.00
Your "minimum prize" share: $250.00
Your share based on your chip count: $7,250.00 x (37,500/300,000) = $906.25
Your entry fee refunded: $3.00
Total money refunded to your account: $1,159.25
Note that if you bust out before the tournament is cancelled, you receive no refund of your entry fee. Of course, if you placed in the money before the tournament was cancelled, you keep that money.
Heads-up sit-and-go tournaments

Heads-up sit and go tournaments (HU S&Gs) are handled differently because of their special nature. Particularly if one player stays connected while the other player does not, the first player can effectively win the tournament while the second player is disconnected. For that reason, we reserve the right to do a chip count distribution of any HU S&G that we believe was substantially affected by our site's down time.
Fine Print

  1. If a tournament with a guaranteed prize pool is cancelled, we will refund only the total buyins, not the guaranteed amount.
 
Monoxide

Monoxide

Cardschat Elite
Joined
Jul 19, 2007
Total posts
3,657
Yeah...ill assume u play full tilt, but it all depends on the poker site you play on, they have their own individual rules.
 
Top