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Fair Share?
592
2
11 months ago
Here is the rule for dividing a teams prize amongst its members:

How is the prize money for teams divided?

When a series is over the prizes for the players and teams with the highest total event scores are given out.

Each member of a team then gets a fair share of the team prize money depending on the number of events the player represented the team in, even if the player is no longer a member of the team.

This is to ensure that no player who gets kicked out of a team during a series has wasted his or her time representing the team.

~~~ I must say, "Fair Share" is pretty vague and for us managing our teams....need to know this info. Can we get an exact clarification on what fair share means when dividing a prize pool to a winning team?

Thanks in advance
Edited by Leprekahn 11 months ago
736
1113
11 months ago
Each tournament that a player scored point(s) in count as one share, with all shares being an equal amount determined by dividing total prize by the total number of shares ( the sum of all team players shares).
Edited by SofaKing 11 months ago
775
122
11 months ago
So as an example.... team xyz finishes well and wins $100.00

player 1 15 games = 15 shares = $19.50
player 2 15 games = 15 shares = $19.50
player 3 15 games = 15 shares = $19.50
player 4 14 games = 14 shares = $18.20
player 5 10 games = 10 shares = $13.00
player 6 8 games = 8 shares = $10.30

total = 77 shares.... $100/77 = $1.30 (rounded up) 1 share value is $1.30

is that it in a nutshell?
1010
331
11 months ago
ezflyfisher (#3) wrote: So as an example.... team xyz finishes well and wins $100.00

is that it in a nutshell?
So they are getting paid peanuts is what you are trying to say?......
1497
11 months ago
Yeah I would wait on an official word before it becomes official, but as I interpret it...

Count up the total number of times a player has represented your team in the league games.

Then count the number of times you have represented your team in the league.

Divide your number by the total number, and that is your percentage of the pool.
667
1
11 months ago
If that is official that would be a good way of doing it fairly
1101
22322
11 months ago
Whre does this "rule" regarding fair share come from ?
Is it an officila rule of this forum ?
1673
2
11 months ago
http://www.poker.org/league/
Scroll down to the questions below the calendar.
Edited by wingman13 11 months ago
1570
33
11 months ago
POKERYALL (#4) wrote:
ezflyfisher (#3) wrote: So as an example.... team xyz finishes well and wins $100.00

is that it in a nutshell?
So they are getting paid peanuts is what you are trying to say?......
Chocolate covered peanuts are worth more.
1051
11 months ago
I'm pretty sure this is done automatically from the site paying the prize money. But I understand they base it on the number of games played during the series. Not sure if this helped or not, but it's the best I've got. And we've got plenty of time before the Villians have to worry about splitting any money. :)
4487
3112332
11 months ago
Guru uses a formula that automatically calculates everything.
736
1113
11 months ago
Over $350 in total winnings this series, more than just peanuts, even if they are chocolate covered l
592
2
11 months ago
wingman13 (#8) wrote: http://www.poker.org/league/
Scroll down to the questions below the calendar.
this doesnt answer the question
592
2
11 months ago
ROYALKNIGHT (#11) wrote: Guru uses a formula that automatically calculates everything.
this doesnt answer the question either lol
592
2
11 months ago
Ahhh wingman, i just saw you were answering MIG014's question and not mine sorry

I think the formula should be put under that link so we can better understand how its divided.
454
11
11 months ago
I wouldnt mind seeing that formula. Im quite curious about all this myself. My wife was on a team called Out for blood. They were a top 3 team but she recieved $7. So yes I am quite curious about this formula.
3005
112
11 months ago
TeamBecks (#16) wrote: I wouldnt mind seeing that formula. Im quite curious about all this myself. My wife was on a team called Out for blood. They were a top 3 team but she recieved $7. So yes I am quite curious about this formula.
I played 17 games and was paid $24.00:
(2011-05-17 $24 Spring Weekend Series Team Payment Accepted)

Ami played 13 games and was paid $18.00

Mrs Beck played 5 games and was paid $7.00

Should be enough there to arrive at a formula.
Edited by MrPokerVerse 11 months ago
3005
112
11 months ago
My first session here I was fortunate to be apart of a team that was in the top three. Most everyone on the team came to the league after it started. We all had different amounts place in our Rewards accounts. If you look at that account you have a tool to transfer to a poker site. Since the majority of us came in late, our prize pool was less than $25.00 which is the minimum amount to transfer. Few started teams and was able to win the next session and be able to withdraw from that account.

It is a very fair system in the way it is setup. Those who played the most games, receive the most. Those who played a few games, theirs is less. You reap what you sow, as it were. The league is very generous with these top three prize pool. What I have seen with lot the newer members or teams for that matter is lot of finger pointing, suggested rule changes and some the worst human behavior regarding the team prize. I have been very open about removing the team prize as it was created for a "fun" element. Nothing with any of the other payouts, (final tables and individual top three) has to with a "team game".

For what its worth, not to take anything a way from team prize as I have been apart of both team and individual prize money. If your team has done well enough throughout the session you have already been paid. Most have made final tables and collectively you were better than other teams individual efforts. Members of the team who played and did well have been paid, to turn around and pay the whole team in a game with no team rules only adds incentive to play as a team.
Edited by MrPokerVerse 11 months ago
3005
112
11 months ago
This has been a great league and a great forum. Most of the negative comments center around the team theme. Necessity for updates, chip dumping, does the game count because a certain member of a team was left out, the list can go on and on. It is a free league with a great players from all over the country, awesome software platform to exchange thoughts of any subject and on occasion good poker blogs pops up (sorry had to add that). For some they spend a lot of time here, for others they do as little as they can to play. Management has and will remove anyone who doesn't conform to what is acceptable. Let the next session be one you can improve your game, have fun and get to know some of the great members who are here for the very same reason you are.
Edited by MrPokerVerse 11 months ago
1348
1332221
11 months ago
All depend of number of games played and of number of points each player won dont whory guru will pay very corect team standings
592
2
11 months ago
dracosul (#20) wrote: All depend of number of games played and of number of points each player won dont whory guru will pay very corect team standings
This is the first im hearing that it also depends on how many pts you get.....has this been confirmed?
1570
33
11 months ago
SofaKing (#12) wrote: Over $350 in total winnings this series, more than just peanuts, even if they are chocolate covered l
Gotta like them chocolate cover peanuts, Sofaking..Well done!! Congrats to you!
2047
2313
11 months ago
Well congrats to all the winners , i missed out this seriers but watch out i`m out for revenge , and looking for me and my teammates to show y`all a leason next seriers ,lol , really we are a team of great players with out the luck but i beieve things will change this next seriers

ben
454
11
11 months ago
Thnx PokerVerse was kinda confused about it all.
1151
13
10 months ago
I think it's actually a fair way the way they do it so if someone get's kicked off a team they still receive sin for their work instead of getting nothing,when it's divided down like that it makes me think it's not too bad missing out on 3rd place but it all counts no matter how little it may be,i'm just glad we have the games to play with some decent players on a great forum and hope it continues.

This thread has been closed for new replies since it was either first created over 3 weeks ago or the last reply was posted more than 5 days ago.
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