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Details...
Heat 1 : 10 single table 10 player sit n goes
$125 buy in plus $10 host... first to sign up get a seat in
Winners of heat 1 Sit N Go's advance to Heat 2
Winner of Heat 2 Sit N Go wins $12,500 to play in the World Series of Poker Main Event
Additional Details...
Heat 1 winners can play in additional Heat 1 events, if they win two they will begin with 2 starting stacks
Give our 90 "Losers" I mean to say Entrant Only Participants 0.33% Equity
First Round Winners get 1% Equity
Equity Breakdown
Our Final Event Winner gets 61.30% Equity
9 Heat One winners get combined 9% Equity
90 Entrants, non winners get 0.33%, combined 29.7%
Winner Wins the Main Event
Here is the Structure
STARTING STACK - 25,000
LEVELS - 30 MINUTES
Tournament Blind Structure
Level 1 100-100
Level 2 100-100-100
Level 3 100-200-200
Level 4 100-300-300
Level 5 200-400-400
Level 6 300-600-600
Level 7 400-800-800
Level 8 500-1,000-1,000
Level 9 600-1,200-1,200
Remove 100s
Level 10 1,000-1,500-1,500
Level 11 1,000-2,000-2,000
Level 12 1,500-3,000-3,000
Level 13 2,000-4,000-4,000
Level 14 2,500-5,000-5,000
Level 15 3,000-6,000-6,000
Level 16 4,000-8,000-8,000
Here are additonal details!
Players can enter multiple first Round Sit N Gos - Players receive 0.33% for every first round entry
If a Player wins multiple first round events they will get 1% equity for each win
A player with multiple first round wins will also receive 10K starting chips at thre final for each first round win
We will have all entrants sign a simple form clarifying the equity breakdown and potential tax implications for significant wins
In the event our winner is not able to make the trip to Vegas they have the option to pay all equity holders 2X their equity, and keep the remaining cash
Entrant Equity - 0.33% = $82.50 / Total pay out $7,425
Heat Winner Equity - 1% = $250 / Total pay out $1,125
Heat 2 Winner Cash prize = $3,950
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