Bayne Figured I'd get about $60 for the cancelled Bracelet race based on the $2000 prize purse. I thought the amount would be lower and might be something like this: $1000 divvied up by chip equity. I came up with that figure as $1000 is what the actual buy-in to the Ladies WSOP event is. The other $1000 I figured would not come into play since that was added money (spending money) and wouldn't factor into the equation and which is stated in Full Tilt's tournament rules.
Much to my surprise Full Tilt came up with a value of $192. Is there a Fire-sale on the Ladies WSOP seats? If so I'm In....:
We regret to inform you that tournament # 44393114 (Ladies Only Bracelet Race) has been cancelled.
Buy-in + Tournament Fee: $24.00 + $2.00
Remaining Prize Pool: $192.00
Your Chip Count: 2100
Total Chips in Play: 70000
When a tournament is cancelled before it reaches the money, according to tournament rule 31.2 (http://www.fulltiltpoker.com/tourRules.php):
. All remaining players will be refunded their buy-ins + tournament fees of $24.00 + $2.00 in the currency they used to buy-in to the tournament.
. The remaining prize pool will be divided and distributed according to chip count - (Remaining Prize Pool)*(Your Chip Count)/(Total Chips in Play) = Your Share of Remaining Prize Pool.
In your case, this means $192.00*2100/70000=$5.76.
Buy-in + Tournament Fee Refunded: $26.00
+ Your Share of Remaining Prize Pool: $5.76
Total Amount Credited to Your Account: $31.76
If you have any further questions, please contact customer support at email@example.com. We apologize for any inconvenience this may have caused.
Full Tilt Poker
For my troubles I earned Half a Mookie or Riverchasers Buy-in.
Maybe I should just go play live today.