#1
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OT: ** STTF - HUC ** Parimutuel
In the spirit of community, I will be organizing a Parimutuel for the STTF-HUC-II.
For those unfamilar and/or clueless (raptor) you will essentially be purchasing tickets as to who will WIN (1st), PLACE (1st or 2nd), or SHOW (1st, 2nd, and 3rd). Example I: Skipperbob purchases a $50 ticket on Lacky to win. The total amount of the WIN pool for the tournament is $5000 with $100 of that on Lacky. Skipperbob owns 1/2 of the Lacky pool so will get $2500. Example II: GrekeHaus purchases a $25 PLACE ticket for raptor who wins. , while 'Zen finishes 2nd. The PLACE prize pool is worth $5000 with $100 of that being on Zen and raptor. Greke would be entitled to 1/4 of the PLACE pool, or $1250. I am not taking any vig on this, just offering a low cost way for people to participate and have fun. I would prefer to keep in $25 increments, but will be glad to accept PokerStars transfers as low as $10 (Party has a $50 minimum). . . I don't want anyone to miss out who wants to play. PM me for transfer info, and this thread will provide up-to-date information. Thanks, and have fun. -Sixes P.S. I have run many of these for golf tournaments, so don't worry about me messing it up. [img]/images/graemlins/wink.gif[/img] |
#2
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Re: OT: ** STTF - HUC ** Parimutuel
wtf is all this stuff? i dont get it. holla
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#3
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Re: OT: ** STTF - HUC ** Parimutuel
example one: So if there are 3 people bidding on lacky, $50/$50/$100, then the prize pool (5000) would be split 1:1:2, correct?
Calcutta is totally different-- the person who bid $100, will win the entire prize pool, and the two people who bid $50 don't put any money into the prize pool? |
#4
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Re: OT: ** STTF - HUC ** Parimutuel
Your example is correct, MrJ
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