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Re: Tournament Rake

• CEverett12 14,177 Posts

  Fri, Mar 4 2016 1:16 PM

  We have a tournament a coupe of times a month to help members upgrade their equipment , It works like this , Its a premium tournament entry fee is 100 credits ,  A lot of us pitch in to help and that's a good thing , The bad thing is WGT takes a big chunk of it ,  Right now we have a tournament going for 100 credits , I also added 150 credits to the purse ,

  Currently there is 37 entries at 100 credits plus my 150 makes it 3850 credits , The purse is 3110  that means WGT took 740 credits away ,  I think that is a bit much !!

• alosso 21,072 Posts

  Fri, Mar 4 2016 1:47 PM

  When you enter the credits from your own purse when creating the tournament,
  no rake is taken!

• CEverett12 14,177 Posts

  Fri, Mar 4 2016 3:46 PM

  I think they took a big rake , 740 credits

• jayw4862 3,364 Posts

  Fri, Mar 4 2016 4:02 PM

  CEverett12:

  I think they took a big rake , 740 credits

  740 would be the 20% of the 37 entrants (3700 x 20% = 740). Any credits donated to the tourney aren't taxed. I think that's what Alosso meant.

• CEverett12 14,177 Posts

  Fri, Mar 4 2016 4:16 PM

  I see ,  20 %   Ouch !