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Prize Fund Sharing
07.07.2010, 19:15

Prize Fund Sharing

 

1. 40% (400€) from an entry fee (1000€) of each participant is fixed as a prize fund for the finalists of the third session of the tournament (the money of sponsors accumulate here too).

2. The remained sum of money (60% - 600€) shares between two first sessions in equal proportion (30%- 300€ )for each session.


         That is the financial statue before the tournament in progress.

 

In Session 1

 

Every participant receives a starting set of 100 Game Points (or chips), that are equivalent of 300€ of entry fee.


All matches in this session are played  like usual money-games (according to full description of Backgammon FPP-Tournament™). The best of 8 are coming in the next second session.

 

In Session 2

 

Game Points earned by best players in the first session are recalculated in money. After that each player added extra 300€ (30% of entry fee) to his sum. This total sum of money is the prize fund of the player in his first match in the second session.  Each match is played according to the balanced scoring system for a game and a match with one extra addition: match result (received in Victory Points) should be recalculated in money. The recalculation is happened after each match finished.


Formation of Match Prize Fund

 

Before each match starts the players are formed their prize fund for this match.

 

By Equal Sums

 

If both players (A & B) have before match start the equal sum of money (for example, 1500€) then the prize fund is formed like this:

1500€ + 1500€ = 3000€.

The full number of victory points (VP) in one match is 30 (15+15=30).

So, 1 VP costs in this case 3000€/30 = 100€.

In case that match between these players (A & B) is finished with result 18:12 (in VP) in favour of B, then the winner (player B) takes from the prize fund 1800€ (18*100€), and the loser (player A) takes the rest – 1200€ (12*100€).

 

By Different Sums

 

If the players have different sums brought in the prize fund (for example, player A has 1100€ and player B -1300€), then there are three variants:

1.      Player, who has less money than his opponent, adds necessary sum to receive the equal shares for prize fund of this match. 

In that case player A buys extra 200€ and each player brings in the prize fund 1300€. The sum of match prize fund will be in this case:

           1300+ 1300 = 2600€

2.      Player, who has less money than his opponent, doesn’t want to add extra sum of money. In this case his opponent brings in the match prize fund only the part of his money equivalent those that the player with the small one has.

So, in our case both players bring in the match prize fund only 1100€ each.

The sum of match prize fund will be follow:

           1100 + 1100 = 2200€

3.      Player, who has less money than his opponent, doesn’t want to add extra sum of money, but agrees to get his opponent a start bonus that compensates this difference not in money, but in victory points (VP) with necessary money recalculation parameter. In this case both players bring in the match prize fund the whole sums of their money.

                        The match condition and prize fund will be calculated in follow way:

3.1. The full prize fund of this match is:

1300€ + 1100€ = 2400€.

3.2. Difference of money between player B and A is:

1300€-1100€= 200€.

3.3. The full number of victory points (VP) in one match is 30.

3.4. So, 1 VP costs in this case 2400€/30 = 80€.

 

The starting bonus for player B will be scored like: 200€/80€= 2,5VP

When the match finished there will be recalculation of final result with taking in account start bonus. Thus, in case of match finished with score 16:14 in advance of player B the final result will be 17,25:12,75 in his favour (1,25VP added to player B and 1,25VP is subtracted from result of player A – total 1,25VP+1,25VP=2,5VP). In case of player A wins with score 20:10, then the final result will be 18,75:11,25 in his advance (recalculation is the same as above).

In money view it will be accordingly

 

in the first case           -           player А – 1020€ (12,75*80)

                                                          player B – 1380€ (17,25*80)

in the second case      -           player А – 1500€ (18,75*80)

                                                          player B   900€ (11,25*80).

 

In Session 3

 

The finalists (players of the third session) add to their results (sum of money), they have won in the first and second sessions, extra 400€ (40% of their entry fees. These total sums of money should be taken in account by formation of prize fund of the first match of each pair of players in the final session. The different variants of distribution of the total final prize fund and sponsor's money are possible depending on quantity of participants of a final third session.

Distribution of the total final prize fund (40% of entry fees of all participants – without finalists – plus sponsor’s money) will be only for the participants of last final round (4 or 8 players) depending on results received in all matches played in the third session.

In the final session of this tournament there are no alternatives of match prize fund formation – the whole sum of both players money available in this match should be always played. Thus, if the granted sums are different, then the leader (of money) receives a bonus in the corresponding quantity of victory points (VP), counted in the known way from a difference of the sums of money between given players in this match. The bonus influences only final distribution of the match prize fund, and the real result of a match is brought in the table of results.

Distribution of the total final prize fund among finalists occurs always on the basis of really reached results of each of players (without bonuses if those were).


Category: My files | Added by: Jakiv
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