BUY-IN:
$10 Buy-in, NO Re-buys
•
Each player will receive 200 worth of “tournament bucks”
in chips for their $10 buy-in. You are eliminated from the
tourney when you lose all your chips. The tourney will not
stop (except for short breaks) until one player holds all
the chips. That player will be declared the winner. The last
player eliminated will be the 2nd place finisher, the second
last player eliminated will be the 3rd place finisher, etc..
• There
are NO Re-buys at any point.
• There
will be a table and chips available for side games.
BLINDS:
How much are the bets?
•
This is NO LIMIT tournament so there is no maximum bet. A
player may go “All-In” and bet their entire chip
stack.
• A
blind is a forced bet by the two players to the left of the
dealer. Blind bets are made without looking at your cards.
Click here for info on how Texas
Hold 'Em and blinds work.
• Blinds
start small ($1 small blind and $2 big blind) and increase
every 20 minutes. (Schedule here)
A computer will be used for blind progression.
• The
large blind is the also the minimum bet allowed. Unless going
all-in, the opening bet must be at least equal to the big
blind bet and any raise must be at least equal to the previous
bet or raise on that betting round.
PAYOUT: How much can I win? What is the house take?
•
All money will be paid out. The payout equals all the buy-ins.
$5 of pot goes to TOC money pot.
• Payout
is 1st = 50% 2nd = 30% 3rd = 20% (For 3-20 Players)
• There
is no “house take.” I will have a can set up for
donations to help pay for food and pop.
• If
there is more than 20 players the payout is 1st = 50% 2nd
= 30% 3rd = 15% 4th = 5%
SEATING:
• Each
table will seat up to 10 players. Seating assignments are
random. How players get reassigned may vary. Sometimes a computer
will be used. Other times we will reassign players during
the color-up or as needed. Final 10 players remaining move
to the Final Table.
CHIP COLOUR UP:
•
At certain points of the game lower denomination chips are
replaced with higher chips. The lowest denomination of chip
in play will be removed from the table when it is no longer
needed in the blind or ante structure.
• All
lower-denomination chips that are of sufficient quantity for
a new chip will be changed up directly.
• The
method for removal of odd chips is to deal one card to a player
for each odd chip possessed.
• All
odd chips are collected and converted to higher denomination
chips.
• For
example. 13 Red (5) chips are exchanged for 2 Green (25) chips.
There are 3 Red (5) chips remaining. Since 3 Red (5) chips
is greater than half of a Green (25) chip - a third Green
(25) will be given out. The dealer replaces the 3 Red (5)
chips for 1 Green (25) chip.
• Cards
are dealt clockwise starting with the 1-seat, with each player
receiving all cards before any cards are dealt to the next
player.
• The
player with the highest card by suit (Spade, Hearts, Clubs,
Diamonds) gets one new chip.
• The
second-highest card gets to the next chip, and so forth, until
all the higher-denomination chips are given out.
• A
player cannot be raced out of a tournament. In the event that
a player has only one chip left, the regular race procedure
will take place. If that player loses the race, he will be
given one chip of the smallest denomination still in play.
THE BOUNTY HUNT:
•
For those that are interested they can pay an extra $5 to
be part of the "Bounty Hunt".
• Bounties
are purchased at initial buy-in only.
• Each
Bounty Player gets a special token. When one Bounty Player
eliminates another Bounty Player they claim the others token.
•
All bounty tokens must stay on the table to identify if you
are a Bounty Player.
• When you are eliminated by a Bounty Player,
you ONLY give YOUR bounty token and NOT bounty tokens you
have accumulated to that point. Once you win a bounty token,
it’s all yours to cash in.
• After
you are eliminated from the tourney, turn in each bounty token
you have collected (plus yours, if you still have it) for
$5 each!
• Only
Bounty Players may collect bounties when knocking out others.
You gotta pay to play! HAPPY HUNTING!
LATE PLAYERS:
What if I am going to be late (even if I have a really, really
good excuse)?
•
Try and get there on time. If you are running late give me
a call.
• If
you have reserved a seat but do not arrive in time, at the
Tournament Directors discretion, you will be assigned a seat
and chips and your blinds will be posted in your absence.
PLAYERS LEAVING: What if I get sleepy and want to go
home?
• This
is a tournament so you should be committing to play the whole
thing. The blinds are structured so the longest it will last
is about 5 hours. Besides you’ll be out long before
that!
• You
can’t just give your chips to someone if you want to
leave. If you must leave you can forfeit all your remaining
chips which are split evenly among the remaining players at
that table. Odd chips are returned to the bank.
• There
will be no refunds or cash-outs given to players who leave
after the first hand of the tourney is dealt.
What if I need a Smoke Break?
• First
off you have to go outside. No Smoking in Mike's Poker Den.
• You
may leave the table however play does not stop. Play will
only stop for designated breaks and briefly for seating reassignments.
• If
a player leaves the table for any reason he will fold every
hand that occurs during his absence. (Dealer continues to
deal two cards to the absent player)
• Players
remaining at the table, or another person designated by the
absentee, will post all blinds for the absent player.
• If
the missing player is moved to another table, his chips will
move and he will continue to blind appropriately at the new
table.
RULES : Click here for a list
of all Mike's Poker Den Rules.
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