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csmith · Posted: Mon Apr 04, 2005 10:19 pm Post subject: Payout Question

Is there any way to take a "rake" from an individule payout? Our league consists of several satalite events leading up to the championship tournement and the winner of a satalite gets a freeroll for the championship.

Rather than pay for this from the total prize pool, I would like the amount deducted from the 1st place payout (just like Vegas satalites).
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Lifes too short to play with cheap chips

drneau · Posted: Tue Apr 05, 2005 5:50 am Post subject:

The way it is, the rake is the way to go.

For your satellite, take a rake equivalent to the championship entry amount. In the prize pool, create a text prize called something like "Championship Chip".

In the championship, you'll have 2 types of buy-ins:
- $0 buy-in for those using a chip
- $500 buy-in (for a lesser amount if you are small-time) for wildcards

Also in the championship, you'll have an "added prize" equal to the sum of the satellite chip values.

Will this not work?
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csmith · Posted: Tue Apr 05, 2005 12:24 pm Post subject:

That will work and is pretty much what I do now.
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Lifes too short to play with cheap chips