Sportsbook Poker Tourney King

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Sportsbook PokerSportsbook Poker announces a new tournament player competition for August. The Tourney King promotion will feature leaderboards for Multi Table Tournament players. In a unique twist, there will be two leaderboards. One for buyins of $20 or more and one for lower buyins. The top 50 on both boards get cash and ticket prizes. Also the top 250 in both leaderboards will win entry to a $20,000 tournament. Details are not widely available but I think you get more chips in that tournament for placing higher on the leaderboards.

Below is all the information. There is quite a bit of info, so read it all. this is the perfect promotion for multi table tournament players. I believe more than one Merge Network site is doing this promotion, but I do not think all of them are. I know Carbon Poker is doing it but Feltstars does not appear to be.

Are you the Tourney King?
Over $20,000 to be won

Our quest for 2 new Tourney Kings begins this August here at Poker. To show just how serious we are, we’re putting up over $20,000 in cash and prizes along with a crazy new KING accolade that you can show off at the tables.

What do I need to do?
Starting August 1st, play in as many multi-table tournaments as you can. Note that freerolls and sit’n’gos will not count. For every tournament you play you’re eligible to win valuable leaderboard points based on the formula below. Tournaments with more players and bigger buy-ins will award more points than those with few players and cheaper entries.

Two Leaderboards
We’re actually looking for two Kings this summer! We’ll feature a high limit and a low limit leaderboard to satisfy all levels of royalty:

The High Limit Leaderboard
MTT’s with buy-ins of $20 or more will count

The Low Limit Leaderboard
MTT’s with buy-ins up to $20 will count

Players will be allowed to participate in both leaderboards. To view these leaderboards now and to see your current status, click on the ‘Player Admin‘ button on the lobby screen and select ‘Tourney King’.

Over $20,000 in Cash and Prizes
Finish in the Top 250 on either leaderboard and you’ll move on to the final tournament where you could win your share of over $20,000 along with the fame and glory that comes along with being crowned the KING. Both the High Limit and Low Limit finals are set take place on Sunday, September 12th.

To view the payouts for both the High Limit and Low Limit Tournament Finals please see the chart at the bottom of this page.

Calculating Leaderboard Points
Here’s the formula that we’ll be using to calculate your leaderboard points. Only your top 25 results for the month will count towards your leaderboard score:

Buy-in: – Average Buy-in cost for tournament
– Buy-in for R/A tournaments = prizepool / (Entrants + Rebuys + Addons)

Entrants: The total number of players in the tournament

Position: Your final placing in the tournament

Final Table Bonus: Make it to a final table and your point totals will be multiplied by the following:

Place FT
Multiplier Place FT
1st 1.5 6th 1.35
2nd 1.45 7th 1.35
3rd 1.45 8th 1.3
4th 1.4 9th 1.3
5th 1.4 10th 1.25

To view both leaderboards and your current status, click on the ‘Player Admin‘ button on the lobby screen and select ‘Tourney King’.

What can I win?

High Limit Leaderboard Payouts
Place Prize Value
1 $3,000 Cash $ 3,000
2 $1,800 Cash $ 1,800
3 $1,200 Cash $ 1,200
4 $600 Cash $ 600
5 $450 Cash $ 450
6-15 $100 cash + $50k Guaranteed Seat $ 209
16-30 $50k Guaranteed Seat + $60 satellite entry $ 169
31-39 $50k Guaranteed Seat $109
40-50 $60 satellite entry $ 60

Low Limit Leaderboard Payouts
Place Prize Value
1 $1,500 Cash $ 1,500
2 $900 Cash $ 900
3 $600 Cash $ 600
4 $300 Cash $300
5 $225 Cash $ 225
6-15 $50k Guaranteed Seat + $60 satellite entry $ 169
16-30 $50k Guaranteed Seat $ 109
31-39 $60 satellite entry $ 60
40-50 $11 satellite entry $ 11

Terms & Conditions:

As a member of Sportsbook Poker, herein “the Promotion”, you are bound by the following Terms and Conditions:
The ‘Tourney King’ promotion will run from August 1st until August 31st 2010. Only those tournaments that end before 23:59 (poker lobby time) on August 31st will be eligible for this promotion. Tournaments that finish after that will NOT count towards prize requirements.

In order to be eligible to receive cash prizes, a player must have made a minimum of at least one deposit between a player’s joining date and up to August 31th (inclusive), 2010.
All Tourney King cash prizes will be paid in full directly to a player’s poker account, without any further play through requirements. Any cash prizes will be available for withdrawal after 7 days of being issued to your account, but can be played with at the tables immediately.

Any form of cheating or collusion will not be tolerated. Please stay within the spirit of this promotion and do not play a friend over and over again. We will be checking all game histories and if it looks like something fishy is going on against the spirit of the competition you will become ineligible for the prize and may have your account closed.
Any points earned on freerolls and sit’n’gos during the promotional period will NOT count towards prize requirements for the Tourney King.
Sportsbook Poker reserves the right to alter, modify or terminate the Promotion and/or these Terms at any time, without giving you any prior notice (written or verbal) where it is reasonable to do so or for reasons beyond the Promoter’s control. The Promoter does not accept any responsibility or liability for any late or undelivered entries or registrations, notifications or communications or for any form of technical failure, error, malfunction or difficultly or for any other event beyond its reasonable control that may cause the operation of the Promotion to be disrupted, unavailable or incorrect.

In order to be eligible a player must setup a real money account, which includes his full contact details, so that we can pay any winnings to his account should he win.
Offer only open to players that are of the legal age of majority as determined by the laws of the country where you live. Employees and immediate family members of employees of Sportsbook Poker, its associated companies, affiliates, advertising and promotional agencies are not eligible to take part in the Promotion. Entry to the Promotion is limited to those people who are resident in countries where their registration and use of the Cardroom is permitted by the law of their country.
The company reserves the right to ask for proof of age from any customer and customer accounts may be suspended until satisfactory proof of age is provided.
By downloading the software and registering an account, a customer is deemed to have fully accepted and understood all rules, terms and conditions published by this website.
All players must meet Sportsbook’s Terms & Conditions, and Sportsbook Poker reserves the right to modify these rules at any time, and for any reason, at its sole discretion.

In case of any disputes regarding any terms or conditions of this promotion, the decision of Sportsbook Poker’s management is final.