Tournament to be held at PokerStars.com!
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The ChipTalk 2012 WSOP League
Beginning Monday April 4th, 2011 we will be starting a League series that will last until March 26, 2012. The league will cost $250 to join. The league will consist of a weekly tourney each Monday on PokerStars at 9:30pm est. At the end of the League the player(s) with the highest points will win a $1500 prize package for a 2012 WSOP $1000 NLHE Event of their choice. Even if you don't win a prize package you still have equity in the player(s) that do win a package. If the person who wins the prize package cashes in the WSOP Event then he/she wins 50% and the other 50% is split between the other league players.
**NOTE** - The Tourney Advisory Board reserves the right to make changes as needed for the good of the league. By playing in the league you agree to the following rules, and agree to the rulings of the Tourney Advisory Board. The Tourney Advisory Board members are as folllows: osumike11379, Seitz333, whataboutj. I will be keeping a leaderboard that will be posted and updated weekly after each tourney.
1. Tourneys will be hosted at PokerStars and will be played using play money. Start time will be 9:30pm est on every Monday.
2. Points will be awarded based on players place of finish and number of entries each week.
3. Players will use their best 25 scores.
4. Once players have transferred the league buyin they will be sent an invitation to the ChipTalk WSOP 2012 Home Game League.
5. At the end of the league we will send one player per $1500 in the league prize pool.
6. The winning player must decide by May 1, 2012 which WSOP $1000 NLHE event he/she will play.
7. If a player winning the prize package cannot go to the WSOP then the player with the next highest in points that did not win a package will be awarded the prize package.
8. At the end of the league Seitz333 will send each of the package winners a cashiers check for $1500.
9. $1000 of the prize package is for the buyin of the event, and $500 is for travel and expenses. If $500 does not cover travel and expenses then that would come out of pocket from the player and he/she will NOT be reimbursed.
10. Player(s) winning a prize package are responsible for making their own travel/hotel accomidations.
11. If a player that wins a package and does cash in the WSOP event he/she is required to pay the other league players in full and in a TIMELY manner (60 days max).
12. If there is money left over in the prize pool then the 4 players immediatly following the one(s) who won a seat will be paid
40% - 30% - 20% - 10% of the remaining prize pool money. Depending on how much is left over the Tourney Advisory Board may decided to ask players to contribute more to the league to send an additional player.
13. All payouts to the players are based on PRE taxes. The player who cashes is responsible for paying the other players in the league and sending them tax forms for thier winnings.
14. Any sponsorship money offered to a player who cashes is NOT considered part of the prize money and will not be shared with the other league players, but it is considered a bonus for that player.
15. A player who cashes in the WSOP event will win 50% of the prize money. The player does NOT receive additional money based on his % of equity in the league prize pool.
How players will transfers funds:
Currently the best way is to allow the players to send Seitz333 the league entry fee of $250 via PayPal please PM me for the address. If you use the "gift" option no fees will be applied.
Please post in this thread with your PokerStars Screen Name if you are going to play in the league. If you are not a ChipTalk member please join then post in this thread. If you have any questions or concerns please post your questions here.
Starting Stack: 2000
Level's : 10 min
Type: NLHE with Knockout Bounty
Buyin: PLAY MONEY - $500 +$125 + $30
Format: PokerStars Home Game
Registered Players (CT Name / PS Name if Different): 23
DoLittle / CTDoLittle
imthatguy / mattythatguy
Physch / Caphysch
Rhubarb88 / Rhubarb888
swayzack / swayzack1
usual bounty / Brace Hunter
1eyejimmyg - Jim Gilbert - June 15, Event #29
MDES - Michael Kahn - June 24, Event #44
TTEMD - Trever Dart - June 10, Event #21
osumike11379 - Mike Huber - July 1, Event #54