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March Corral League tentative rules

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  • March Corral League tentative rules

    okay it looks like we have 5 more members for March which means $380 to payout in stakes. I am posting some changes so please read and comment. I have clarified the buy in rule.

    Corral League Rules Mar 2011

    1. All participants must send $10 to 19honu62 prior to 48 hrs before the 1st scheduled game. Any monies won in previous month will be distributed as soon in the new month as possible.
    2. Late participants in shipping cash before game 1 starts will be able to play but be ineligible for the stakes for that month only. Once game 1 starts no new members will be allowed to join until the following month.
    3. The total funds collected will be held for a three week period at which time the winners will be staked.
    4. The league will run from Wed Mar 2 - Sun Mar 20 and consist of 12 games of NLHE
    5. buy in for each of the 12 games will be $1.10 paid to pokerstars through registration on site.
    6. Format of the games will be 2000 starting chips, 10 minute levels and a break at 55 minutes past the hour
    7. The winners of the stakes will be paid to the top 11 finishers in the 3 weeks with a minimum of 6 games played of the 12
    8. The avg of the 6 games will be calculated using the square root formula as follows
    sqrt of # players / sqrt of finish position * 10
    9. If someone plays more than 6 games, the avg of the best 6 will be used.
    10.The stakes will be paid out as follows

    1st - $55,$33,$33
    2nd - $33,$22,$22
    3rd - $22,$22, $11
    4th - $22,$11
    5th - $11,$11
    6TH - $11
    7TH - $11
    8th - $11
    9th - $11
    10th - $11
    11th - $11

    $6 is left over and added to the 12th game

    11. The stakes must be played during Mar 21 - Mar 28 and the games must be posted prior to the start of the game and not once late reg has started in a thread as follows created by 19honu62

    stake name - 19honu62/Corral League
    tourney id / date / time / buy in

    12. The stakes will be limited to mtt or sng play only for the amount staked and must be NLHE. NO CASH ALLOWED! No two horses can sit at the same sng tourney as this is against the pokerstars rules. The 1st horse to register for that sng will have priority.
    13. The staked games will be regular with no rebuys, DON's, satty's or fifty fifties
    14. The stake results must be posted within 24 hrs of completion. Edit thread when done the game.
    15. No substitution is accepted the horse must play their stakes as posted above in rule 10
    16. If for whatever reason the horse cannot play the stake the next qualified member in line will get the stake
    17. If you do not play your stakes in the week all money will be shipped back to the group and you will forfeit your chance to be staked in the next month that your participate.
    18. The horse will keep 50% of the prizes won and ship back the balance to 19honu62 within 24 hrs of the end of your staked game.
    19. All members share equally all monies shipped back to the group

    1. Wed Mar 2nd 20:00
    2. Fri Mar 4th 20:00
    3. Sat Mar 5th 17:00
    4. Sun Mar 6th 20:00
    5. Mon Mar 7th 22:00
    6. Wed Mar 9th 17:00
    7. Fri Mar 11th 20:00
    8. Sat Mar 12th 20:00
    9. Sun Mar 13th 17:00
    10. Mon Mar 14th 20:00
    11. Wed Mar 16th 22:00
    12. Fri Mar 18th 20:00

    all times are EST

    Gidee Up!


    Last edited by 19honu62; Wed Mar 02, 2011, 02:48 PM.

  • #2
    Works for me.
    Already shipped for March.

    Comment


    • #3
      Also shipped One question, rule 19. All members share equally in any winnings shipped back to the group Should it also say ......in any winnings, including the buy in's shipped.............. umbup:

      Comment


      • #4
        Originally posted by Sandtrap777 View Post
        Also shipped One question, rule 19. All members share equally in any winnings shipped back to the group Should it also say ......in any winnings, including the buy in's shipped.............. umbup:
        changed it for clarity

        Comment


        • #5
          Looks Good except rule 14 should say MARCH not FEB... LOL

          Already shipped the funds.

          Comment


          • #6
            works for me ... already shipped the $$

            Comment


            • #7
              Not trying to split hairs but as written Rule 18 only fits certain situations.

              Take for instance a $1000 hit in an $11 stake.


              Shipping back 55% translates to 5 times the buyin in that instance.
              I am fine with shipping the buyin+rake and then 50% of what is left but not so much with the rule as presently written as I can see it causing a problem if/when one of us hits big.
              Last edited by Cheon57; Sun Feb 27, 2011, 05:37 PM.

              Comment


              • #8
                I don't understand rule 17 please clarify. If you do not play your stakes in the week all money will be shipped back to the group and you will forfeit your spot for the following month. I understand the part in black, but am not sure about the portion in Red. umbup:
                3 Time Bracelet Winner


                Comment


                • #9
                  Originally posted by Cheon57 View Post
                  Not trying to split hairs but as written Rule 18 only fits certain situations.

                  Take for instance a $1000 hit in an $11 stake.


                  Shipping back 55% translates to 5 times the buyin in that instance.
                  I am fine with shipping the buyin+rake and then 50% of what is left but not so much with the rule as presently written as I can see it causing a problem if/when one of us hits big.

                  wow this month you had issue with shipping buy in back now you have issue with this

                  come on whats the big deal its a couple dollars

                  1000 - 11 / 2 + 11 = 505.50 new way is 550.00 difference of 44.50 which you wil get some back on the split , I think the we need to worry more about the group then the individual is more important, no group then no stakes
                  Last edited by SnafuinMD; Sun Feb 27, 2011, 06:01 PM.

                  Comment


                  • #10
                    Originally posted by Bill Curran View Post
                    I don't understand rule 17 please clarify. If you do not play your stakes in the week all money will be shipped back to the group and you will forfeit your spot for the following month. I understand the part in black, but am not sure about the portion in Red. umbup:
                    It is a penalty for those that do not honour their stake. For instance if annie or spudder cannot complete their commitment for Feb ( as they are the only 2 left to play I beleive ) on time they will forfeit thier chance to play and be a part of the group for March.

                    Comment


                    • #11
                      Originally posted by SnafuinMD View Post
                      wow this month you had issue with shipping buy in back now you have issue with this

                      come whats the big deal its a couple dollars
                      I never had an issue with shipping buyin back just wanted clarification of the rules.

                      I don't really consider $40 a couple of bucks but that is just me.

                      Look at a $3k hit or basically a win in an $11.

                      Is it fair that the horse should ship back $1650 to the group and keep $1350 on an $11 buyin.
                      Now we are talking over $200.
                      That is all I am trying to point out.

                      The formula you posted above is the one I am inclined to see as correct.

                      I am not an expert on staking but after browsing PTP and a couple other sites I saw that staking contracts are written in a variety of ways including a gradual increase of percentages that go to the horse for especially deep runs such as Final tables etc.

                      I am fine with the ruleset that is developing within this group other than the 55/45 for the reason I showed above and just want everything to be clear to all involved.
                      Last edited by Cheon57; Sun Feb 27, 2011, 06:59 PM.

                      Comment


                      • #12
                        I think for simplicity reasons, we should just split the money 50/50 and be done with it.
                        I dont think this thing was meant as a real stake, if it was then the people who lost their stake money would have to have makeup and I dont think anyone wants that. If the voting is still open, I think I just vote for an even 50/50 split.

                        Shipped $10 for March BTW
                        Last edited by siberianex; Sun Feb 27, 2011, 08:00 PM.

                        Comment


                        • #13
                          Originally posted by siberianex View Post
                          I think for simplicity reasons, we should just split the money 50/50 and be done with it.
                          I dont think this thing was meant as a real stake, if it was then the people who lost their stake money would have to have makeup and I dont think anyone wants that. If the voting is still open, I think I just vote for an even 50/50 split.

                          Shipped $10 for March BTW
                          i agree

                          to much talk about a few dollars

                          Comment


                          • #14
                            shipped

                            i shipped gl everyone

                            Comment


                            • #15
                              plus one
                              Originally posted by siberianex View Post
                              I think for simplicity reasons, we should just split the money 50/50 and be done with it. I dont think this thing was meant as a real stake, if it was then the people who lost their stake money would have to have makeup and I dont think anyone wants that. If the voting is still open, I think I just vote for an even 50/50 split. Shipped $10 for March BTW
                              +1 umbup:

                              Comment

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