2. Chip Race From time
to time, we will “color up” chips by replacing lower
denomination chips ($25, $50, etc.)with higher ($500, $1000,
etc.). As chips are taken out of play, the odd chip(s) at each
table will go into a pot. A card drawing will be held and the
odd chips will be awarded to the player with high chard. Those
chips will then be replaced with higher denomination chips.
3. TOURNAMENT: Check-in starts
at 5:00 pm. Play will begin promptly at 6:00pm.
With 10 players per table. Entrants will be assigned to a table
through a random drawing. The tournament is played until one
player has all the chips.
4. Re-buys Unlimited
re-buys until intermission. An additional $2,000 worth of chips
may be purchased at a cost of $50.
5. Add-Ons At intermission
each surviving player is entitled to purchase $5,000 chips at
the cost of $50. Each player is limited to one add-on.
6. Seat Position/Dealing
Dealing will be handled by the players, until the last table
at which time one of the Pit Bosses will deal. The dealer button
and seat position for the first hand will be randomly determined.
One card will be dealt to each player – the recipient
of the highest card deals the first hand. The remaining players
will rearrange their positions at the table and sit to the left
of the dealer in order, high card to lowest. If two or more
players draw the same card, the first card dealt gets the higher
value.
7. Full Tables Desired
As the tournament progresses and players are eliminated, tournament
“pit bosses” will combine tables and try to maintain
an equal number of players at the remaining tables. Players
going from a broken table to fill in seats assume the rights
and responsibilities of the position. The can get the big blind
small blind or dealer button.
8. Final Table
a. When the tournament is down to its final 10 players, the
“Final Table” round will begin.
b. The seat position and dealer button for the final table will
be randomly determined (See Rule No. 6).
c. Players at the Final Table will play until a chip winner
has emerged or Rule No 11 (Time Limit Rule) is invoked.
d. If two or more players get eliminated in the same hand, the
player who started the hand with the most chips gets the higher
finish and awarded the corresponding prize for that placement.
e. When two players remain in the tournament, the player due
to receive the big blind will do so and the player in the small
blind position will inherit the dealer button.
9. Rules of Play In
NL Hold-Em, players receive two down cards as their personal
hand (hole cards), and after which there is a round of betting.
Three board cards are turned simultaneously (called the “flop”)
and another round of betting occurs. The next tow cards are
turned up one at a time, with a round of betting after each
card. The board cards are community cards, and a player may
use any five-card combination from among the board and personal
cards. A player may even use all of the board cards and no personal
cards to form a hand (“play the board”).
10. Blinds The game
will be played with tow blinds (the “Little blind”
and the “Big blind”). The Big Blind will start at
$50 and the Little Blind will be $25. The blinds will be increased
every 20 minutes (See schedule below). A player who cannot pay
100% of a Blind is simply “All In.”
Round |
Little |
Big |
Ante* |
Color
Up |
1 |
25 |
50 |
0 |
|
2 |
50 |
100 |
0 |
|
3 |
100 |
200 |
0 |
|
4 |
200 |
400 |
0 |
$25
Green Chips |
5 |
400 |
800 |
0 |
|
BREAK |
6 |
500 |
1,000 |
50 |
|
7 |
759 |
1,500 |
100 |
|
8 |
1,000 |
2,000 |
200 |
$50
Red Chips |
9 |
1,500 |
3,000 |
300 |
|
10 |
2,000 |
4,000 |
400 |
|
BREAK |
11 |
3,000 |
6,000 |
600 |
|
12 |
4,000 |
8,000 |
800 |
|
13 |
5,000 |
10,000 |
1,000 |
$100
Black Chips |
14 |
7,500 |
15,000 |
1,500 |
|
BREAK
BEFORE FINAL TABLE |
15 |
10,000 |
20,000 |
2,000 |
$500
Purple Chips |
16 |
15,000 |
30,000 |
3,000 |
|
*
Each Player pays ante, including the blinds |
11. Time Limit We desire to determine the winner(s)
through regular play, not a “showdown” caused by
escalating blinds. However, the game must be concluded within
six (6) hours, according to the Kentucky State Law. If no winner
has bee declared after six hours, the remaining cash prizes
shall be added together and divided among the surviving players,
based on their total chip count. Example: Three players remain.
The prizes (1st:$10,000: 2nd; $4,000: 3rd; $2,000) are added
together for a total of $16,000. The prizes will be divided
among the three players.
Player |
Chip
Stack |
%
of Total Chips |
Prize
Amount |
| First
Player |
$400,000 |
53.3% |
$8,528 |
| Second
Player |
$250,000 |
33.3% |
$5,328 |
| Third
Player |
$100,000 |
13.4% |
$2,144 |
|
| Total
Chips in Play |
$750,000 |
100% |
$16,000 |
12. Betting Rounds
a. The dealer deals each player their own two cards face-down
(hole or pocket cards)
b. 1st betting round.
c. The dealer burns a card then turns over three community cards
face-up (the flop).
d. 2nd betting round.
e. The dealer burns another card then turns over 1 more community
card(the turn, 4th street).
f. 3rd betting round.
g. The dealer burns another card then turns over 1 final community
card (the river, 5th street)
h. Last betting round.
i. Showdown (every remaining player shows hand with bettor showing
first.
13. Raising When raising,
a player must either put the amount of raise out in one motion
or state the raise amount. Player’s verbal declarations
in or out of turn are binding. There is no restriction on the
number of raises allowed during a betting round.
14. Side Pots Any player
may bet any amount of money he has on the table. No player can
lose a pot because he does not have enough money to call a bet.
For example, a player raises $200. Another player in the game
who only has $100 can say, “I’m all in” and
if no other player enters the pot, the initial bettor would
take back $100 of his bet, and the cards would be dealt to conclusion
with no further betting (When this occurs, both players immediately
turn up their pocket cards). If a third player wishes to engage,
he could call the full $200, or raise even more. If he called
the $100 main pot, for which all three players are eligible
to win. It would contain $300, and a “side pot”
of $200. The two players with additional chips remaining in
the hand are allowed to bet against each other; to the extent
they have chips remaining, on the future rounds. These bets
apply only to the side pot, and if one side pot player folds,
the other takes the side pot immediately, regardless of whether
or not his hand is superior to the all-in layer’s hand,
the all in player is contesting only the $300 main pot.
15. Showdown All remaining
players must use one of the following choices at the showdown.
THE CARDS SPEAK FOR THEMSELVES.
a. Two pocket cards and three board cards
b. One pocket card and four board cards
c. No pocket cards and five board cards. (“laying the
board”)
16. Slow Playing The
practice of “slow playing” is discouraged. Any player
may call for the use of a clock if he feels another is taking
an unreasonable amount of time to make decisions. If the clock
is called for: The slow player will be given a reasonable amount
of time. Once this time has passed and a clock is called for,
a player will be given one (1) minute to make a decision. If
action has not been taken within one minute, there will be a
ten (10) second countdown. If a player has not acted on his
hand by the time the countdown is over, the hand will be dead.
17. Chatter/Exposure
Players are obligated to protect the other players in the tournament
at all times. Discussing cards discarded or hand possibilities
are not allowed. Players should not expose his or her cards
during game play.
18. Prizes 85% of the
player’s initial entry fees will be placed into the prize
pool (Remember, we’re playing for charity!) The prize
structure is approximately based on the following distribution
and will be nnounced at the first break.
19. Mis-Deal If a player’s
hole card is revealed; the card will be shown to all players
and be used as the burn card. The deal of the hand shall be
completed, and a new card shall be given to replace the exposed
card. The exposed card is displayed to all players at the table
and announced by the dealer. The burn card shall replace the
exposed card, and the exposed card shall become the burn card.
