The first ChipTalk Quarterly Tournament of Champions set

chipper57AA · #1 (**permalink**) 07-27-2005, 10:55 AM

* Tournament to be held at PokerStars.com!
Click the link to set up an account if you don't have one!

1st ChipTalk Quarterly Tournament of Champions!!

New Bonuses!! ChipTalk chips and Framed Set of Pharaoh's Club Chips!!

Mark your calendars now! Sunday, July 31st at 9:30pm Eastern (US) will be the time for the 1st Quarterly Tournament of Champions NLHE tourney.

The top 9 qualifiers will be invited to participate in this 1st quarterly final. The top 3 winners of this tourney will automatically gain an entry into the year-end ChipTalk Tournament of Champions Final.

The stakes will be $20+2 and be played on PokerStars. The top 3 players will win cash and bonuses!

Look under the Tournaments section under the Private tourney tab for the ChipTalk Quarterly Tournament of Champions.

Qualifiers will be PM'ed the password as soon as the final point totals are posted. Qualifiers are urged to keep this password PRIVATE so that non-qualifiers cannot join the table.

BONUSES:

HoldemPokerChips.com has stepped up to offer TOC players the following bonuses for the top FIVE finishers in this tournament!
1st Place = 2500 ChipTalk.net Store Chips
2nd Place = 1000 ChipTalk.net Store Chips
3rd Place = 750 ChipTalk.net Store Chips
4th Place = 500 ChipTalk.net Store Chips
5th Place = 250 ChipTalk.net Store Chips

Use the Chips to buy items from the ChipTalk.net Store, shipping included! Spend them now or save up for the larger items. There are many ways to earn Chips to spend!
The overall winner will be awarded a framed set of 7 Pharaoh's Club Chips!! Choose any 7 chips you want!!

Many thanks to HoldemPokerChips.com for these prizes!

There will be a list of alternate players posted as well. Should any of the top 9 players be unable to attend on Sunday, then the next highest point total player will be invited.

Stay tuned for additional details. Qualifiers will need to confirm their attendance availability prior to Sunday July 31st 8:00pm else their spot will be given away!

Spectators are encouraged to cheer or jeer on their favorite players!!!

Any questions - please post a response here or PM to me (chipper57AA).

SpaceMonkey · #2 (**permalink**) 07-27-2005, 05:23 PM

I though we were doing the top 3 finishers of this QToC qualify for the year end ToC.

The year end ToC will be a two table, 18 man event.

mrticsay · #3 (**permalink**) 07-27-2005, 06:06 PM

One thought for any open slots this week...or for consideration as a modification to future TOCs...

How about 1 or 2 spots at the table being won by a "satellite" before the tournament? This would allow those who can't make it regularly on Thursday's, are newbies to the group, etc. (and therefore can't win enough points) a chance to play in this event.

Of course, the satellite is only for Chiptalk members.

Another idea is to expand the CT "circuit" and add an event on another night of the week which would provide more options to participate.

Michael

mrticsay · #4 (**permalink**) 07-27-2005, 06:14 PM

I was just reading the discussion topic on the TOC...including talk about entry fees and have a thought to add to my one above...

Use the "satellite" to build up (or even pay for) the TOC prize money. There are lots of ways to slice & dice the satellite money and winning seat, but the bottom line is you can build the TOC pot this way without the players paying for it all (isn't that how many TOC's work...some one else is "sponsoring" much of the prize money).

The only "drawback" I see is someone's complaint/concern that the organizers of the TOC have padding their own wallets this way. I don't see it that way and this isn't really any different than any other satellite system works.

Michael

chipper57AA · #5 (**permalink**) 07-27-2005, 06:39 PM

Quote:

... someone's complaint/concern that the organizers of the TOC have padding their own wallets this way

Oh that is just wrong. I'd like to know who's complained.

CaptLego · #6 (**permalink**) 07-27-2005, 06:45 PM

Quote:

Originally Posted by SpaceMonkey

I though we were doing the top 3 finishers of this QToC qualify for the year end ToC.

The year end ToC will be a two table, 18 man event.

+1

I too would prefer to see 3 qualify for the yearend ToC.
But this was discussed before, and the last official (jojo?) decision I saw was only 1.

SpaceMonkey · #7 (**permalink**) 07-27-2005, 06:56 PM

Quote:

Originally Posted by CaptLego

I too would prefer to see 3 qualify for the yearend ToC.
But this was discucssed before, and the last official (jojo?) decision I saw was only 1.

I chalk that up as a typo.

mrticsay · #8 (**permalink**) 07-28-2005, 09:54 AM

Quote:

Originally Posted by chipper57AA

Quote:

... someone's complaint/concern that the organizers of the TOC have padding their own wallets this way

Oh that is just wrong. I'd like to know who's complained.

I didn't mean to imply that anyone HAS complained (I know I wouldn't). I just have seen how some people get some time so I was just trying to head that one off from the start.

If you went the satellite route for awarding a seat or two, I think the idea that the money flows to the final table is a non issue. That's how satellites work. The only decision is whether more money flows in from the satellite seat than from the seats awarded to TOC qualifiers.

Michael

chipper57AA · #9 (**permalink**) 07-28-2005, 12:32 PM

I wasn't exactly sure how many from the QToC got into the final year-end ToC - so thus the actual number of qualifiers were not posted. I knew at least the winner would.

If it is indeed 3 then I will correct the posting prior to the QToC this Sunday.

SpeakEasy · #10 (**permalink**) 07-28-2005, 01:32 PM

I also thought the top 3 from the QTOC game qualified for the TOC, and I tried (briefly) to search for that in the other threads (and failed). This means that 12 (or less, with one or more players having multiple QTOC top-3 finishes) qualify for the TOC from the QTOC games, and the remainder qualify on points.

As for the concept of pooling money from the QTOC games to build the TOC game, there is no way to do this on PStars. On PStars, tournament is set, entrants pay their fee, and all prize money is distributed to the players based on the pay-out schedule set by PStars.

For this to work, each of the QTOC players would have to make a separate payment to a designated person (i.e. Chipper or Ten), who then holds the funds until the end of the TOC, then transfers those funds to the winning player(s). Sounds simple in concept, but I could image numerous ways for this to get complicated along the way. For example, does each QTOC player make this separate payment first, in order to receive the password to enter the QTOC game? If not, there is no guaranteed way to get that person's contribution to the pool, and others then cry foul if this payment isn't made.

The alternative, discussed in another thread in more detail, is higher entrance fees for the QTOC games and the final TOC game. This has the same effect of building the prize pool, and effectively forces (1) the weekly winners to forward winnings into the QTOC game, and (2) the QTOC winners to forward winnings into the final TOC game.

Also, I do not get the sense that anyone here is trying to set things up to skim money from the possible prize pool that may be created from these tournaments. Chipper is volunteering his time and efforts to set these tournaments up, jojo and others are volunteering their time to post weekly winning and keep track of data on spreadsheets, and all money put in play has been fairly distributed to the winners (with occasional whining about bad beats and bad play).

I again thank all those that have donated their time and effort to make this a fun schedule of tournaments. Only PStars is making money to serve as the host of our games.