Casino Talks

Posted by: OneMoreBust at October 14, 2006, 2:39 pm

Topic: What legal course do I have? Forum: Card Chat

Party poker has cancelled its Monster tournament structure.

The structure is

100k Weekly Tournament, 25% make it into the Monthly 8000 people

$1 million Monthly Tournament, 12.5% make it into the Final 8000 people

Final tournament, current prize pool $14 million 8000 people

Cut from their site

Cash alues for each freeroll (not taking into account any future alue):

Grand final: ( $14,405,786 Prize Pool / 8,000 players ) = $1,800.72 per player

Monthly: ( $1,000,000 Prize Pool / 8,000 players ) = $125.00 per player

Weekly: ( $100,000 Prize Pool / 8,000 players ) = $12.50 per player

Probability of advancing from one tournament to another:

Weekly to Monthly = ( 2,000 players advancing / 8,000 players advancing ) = 1 out of 4

Monthly to Grand Final = ( 1,000 players advancing / 8,000 players advancing ) = 1 out of 8

Future alues for each freeroll:Value of a Monthly freeroll to a player with a Weekly freeroll

( 1 out of 4 ) * $125 = $31.25

Value of a Grand Final entry to a player with a Weekly freeroll

( 1 out of 4 ) * ( 1 out of 8 ) * $1,800.72 = $ 56.27

Value of a Grand Final entry to a player with a Monthly freeroll

( 1 out of 8 ) * $1,800.72 = $225.09Total alue for each unused freeroll:

Weekly: $12.50 + $31.25 + $56.27 = $100.02

Monthly: $125+$$225.09 = $350.09

Grand Final: = $1,800.72

8000 * (100+350) = 3.6 million
1000 * $1800 = 1.8 million

Total Monster Prize pool = $14,000,000

Net KEPT by PP = $8.6million

As a ticket holder for the Grand Final, I expected the payout to be, whatever money is leftover after weekly and monthly disubrsement / 1000 players , which in this case would have been $10,400

dividing the total amount by 8000 is just asanine as there are only 1000 people who have an entry, and at most 2000 if you count those who might win it this month. That leaves a 6000 player acuum, which would take millions of dollars in entries/attempts in order to fill, thust altering the alue.

I may have to pursue this legally if they don't rectify it. $8600 or more is a major short. Though if they shorted me, they shorted everyone in their calcuations.

Casino Classic
Get $500 free on the house!

Categories:

poker cards baccarat poker rules texas holdem internet poker playing cards poker secrets poker bonus codes casino bonus casino texas holdem poker poker room gambling gambling tips casino slots gambling system betting casino chips poker gambling casinos

Links:

Movie Talks
Forum Extractor

Casino Classic.
Get $500 free on the house!