We run two private online tournaments on Full Tilt every Wednesday evening. One is a freezeout and the other a knockout tournament. Any member of this message forum is welcome to play in either or both games. In order to locate the tournaments, click the "Private" tab in the tournament lobby. The password for both games is 'donkey'.
Of the $22 buy-in for our knockout tournament, $16 of that will be going to the main prize pool and $4 will go to the knockout bounties. For the freezeout tournament, the buy-in is $22, and $20 goes toward the prize pool.
The payout structure for our tournaments is the standard 9 handed payout structure and it is possible to view the percentage payouts on this link:
http://www.fulltiltpoker.com/tourPayout9Hand.php
We've gone ahead and set up a points/ranking system and will try to keep it current in this thread.
Each week, we'll give points using this system:
First place = 1.0 point per player, so 16 players will be worth 16.0 points
Second place = 0.9 point per player, so 16 players will be worth 14.4 points
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Tenth place (final table bubble) = 0.1 point per player, so 16 players would be worth 1.6 points.
We only include a player's best game each week. That way people who only want to play one game each week aren't handicapped too much compared to the multi-tablers among us.
Also, any player who cashes in both online games on the same night gets a 50% points bonus. This is derived from Full Tilt's Daily Double concept.
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