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It's The Night We've All Been Waiting For!!! Our Pot currently stands at $1,300, and with the possibility of re-buys and add-ons, this pot might get even bigger.
If you did not qualify for the grand event, you can still come and play in a normal $20 tournament, with an optional $5 bounty chip. Unlike every other event where 25% was taken off the top, the entire amount will be paid out this time.
For all those players in the main event, your buy-in is covered, but if you wish to partake in the bounty action, you must purchase your $20 bounty chip.
The following is the current list of our players for the main event, as well as their starting chip stack based on their winnings.
Robin - 425 chips (4 first & 1 second place finish)
Ron - 250 chips (1 first place finish)
Brian- 250 chips (1 first place finish)
David - 225 chips (1 second place finish)
Charles- 250 chips (2 second place finishes)
Bobby - 225 chips (1 second place finish)
John- 250 chips (1 first place finish)
Scott - 225 chips (1 second place finish)
Jim - 225 chips (1 second place finish) bought off of Garrett
Hiro - 250 chips (1 first place finish)
Christo - 250 chips (1 first place finish)
Rick- 225 chips (1 second place finish) bought off of Terri
Corwin- 225 chips (1 second place finish)
Tommy - 250 chips (1 first place finish)
Kristin - 225 chips (1 second place finish)
Tim - 200 chips (buying in for $80)
The game is no-limit Texas Hold'em, and will begin at 7pm sharp, and the buy-in will be $80/$20 plus an optional purchase of a $20/$5 bounty chip (explanation below). A player may come in and/or re-buy as many times as they desire as long as it's within the first hour and twenty minutes. Players may re-buy a full 200 chips as soon as their chip stack is below 50 (you don't have to wait until you're busted out). Please note that during this tournament, it is possible for players at the main event to buy into the smaller tournament if they get knocked out in the first 80 minutes. As a bonus, any player that is on time will receive an extra 25 chips on top of the 200 they get to start with.
At 8:20, the blinds will reach 5/10 and we will chip up. At that time, anyone may purchase an optional add on. Players can pay the full $80/$20 to add on 200 chips, or only $40/$10 for a 100 chip add on.
As people start getting knocked out, there will be a cash game available with $0.25/0.50 blinds and you can come and go as you please. That game will continue as long as people feel like playing.
Payouts for events: The payouts for the main event will be 40%/30%/20%/10% to the top 4 players that night. Payouts for the $20 side tournament will depend on the number of players, but will likely be either the same as the main event, or possibly 50%/30%/20% to the top 3 if there are less than 10 people playing in the side game.
Please BYOB and any snacks you may personally want. This isn't a typical party, but games and TV will be available for those that want to hang out after they get knocked out of the tournament
Explanation of Bounty Chips
Each player who buys one will receive a “bounty chip” that will be carried by the player throughout the tournament. Whenever you eliminate someone from the tournament, you receive their bounty chip, which is yours to keep. Likewise, when you are eliminated from the tournament, you give your bounty chip to whoever busted you, potentially keeping any bounty chips that you may have won previous to being knocked out. At the end of the tournament, or whenever you are knocked out for good, you can cash in all of your bounty chips you've accrued for real money – in this case, $20/$5 per chip.
This is perfect for those players that do really well, knock out a bunch of people, but get busted out before placing in the cash. By using bounty chips, it is extremely possible for someone (especially those that make the final table) to not place in the top 4, but still walk away with a small profit. In short, more people walk away happy (at varying levels of course).
Please note, if you choose to 'not buy' a bounty chip for yourself, you will not be eligible to win other people's bounty chips. Anyone that does have a bounty chip and is busted out by a person without one of their own will be able to keep their own chip and cash it back in for a refund.
Anyone who is knocked out and wants to re-buy will still lose the bounty chip that they initially bought. However, they may also purchase an additional bounty chip during the time of their re-buy if they want to continue being eligible to win them.