Side-Bet
Overview
A side-bet is a way of rewarding players for something other than their finishing position in a tournament.
Side-bets are managed from the Tournament Side-Bet panel.
There are several types of side-bets:
- Bad-Beat: Players are rewarded for losing with good hands.
- Best-Hand: Players are rewarded for winning with good hands.
- Bounty: Players are rewarded for eliminating other players.
- Generic: Players are rewarded for anything you want to specify.
- Last-Longer: Players are rewarded for lasting longer than other players.
- Most-Knockouts: Players are rewarded for eliminating more players than other players eliminate.
Attributes
The following attibutes are common to all types of side-bets:
- Name: Your way of uniquely identifying the side-bet. The default name created for you is usually good enough, but if you have multiple side-bets of the same type, it might be helpful to make the name unique.
- Unit pool contribution: The portion of the entry price that
funds the side-bet's prize pool.
- Unit league contribution: The portion of the entry price that
funds the league's prize pool.
- Unit rake contribution: The portion of the entry prize that
goes to the house.
- Entry price/cost to player: The cost for players to enter. This is the sum of the "unit pool contribution", "unit league contribution" and "unit rake contribution".
- Total pool contribution: The total amount from all entries
that have funded this side-bet's prize pool.
- Total league contribution: The total amount from all entries that are going to the league prize pool.
- Total rake contribution: The total amount from all entries that are going to the house rake.
- Total cost to players: The total of all the entry fees.
- Side-bet fund from purchases: The portion of the side-bet pool that came from entry purchases (private side-bets only).
- Side-bet fund from prize pool: The portion of the side-bet pool that is being deducted from the tournament prize pool (public side-bets only).
- Total pool fund: The prize pool for this side-bet.
- Payed out: The amount of the prize pool that has been awarded at this point.
- Not yet paid: The amount of the prize pool that has not yet been awarded at this point.
- Participants: The players participating in the side-bet.
- Release payouts to players: Whether or not the rewards from this prize pool are yet flowing into the players and showing up on their balance sheets. (You may want to reserve some awards until after the tournament is complete as the potential winners of side-bets may change at the tournament progresses). Note that all sidebets will automatically release when the tournament is marked "complete".
Public vs. Private
There are two classes of side-bets: "public" side-bets
and "private" side-bets.
Public side-bets are side-bets in which every player participates. Since everyone participates, there is no cost to enter the side-bet...the side-bet payout is funded from the tournament prize pool.
Private side-bets are optional and have an entry cost.
See also