Monday, September 06, 2010

Pay Out Information And Final Standings Tie Payout Scenarios

If you're looking for Week 1 information, click here or scroll down a post.

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As of now we have fourteen people participating in this pool.  If anyone else joins between now and Thursday night I'll re-work this, but that probably won't happen.

I always try to work it out so that if you win two weeks you'll win your money back, so to that end, each weekly winner will win the Weekly Standard Prize (WSP) which will be $70

The top three finishers in the Yearly Overall standings (YOS) will win as follows:

* The Third Overall Winner wins $90.

* The Second Overall Winner wins $180.

* The First Overall Winner will take home $290.

That's the easy part.  If you're not interested in tie scenarios, read no further.

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Final Overall Standings Tie Payout Scenarios (FOSTPS)

In the years doing this pool we've never had a tie at the top of the final standings before but just in case, I thought it would be good to put in writing.  For my own amusement I'll do this in the form of a FAQ ("Hey, man!  FAAA Q!")

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Q: What if there is a two way tie for first?

A: The first overall and second overall prize money is combined ($290 + $180 = $470) and divided by two ($470 / 2 = $235).  Each of the tied participants receives an equal share. The person finishing behind the top two wins the third overall prize ($90).

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Q: What if there is a three way (or more) tie for first?

A: All the prize money is be combined ($560) and divided by the number of people tied for the position.

Example


Final Standings:
Person 1 ... 200-2
Person 2 ... 200-2
Person 3 ... 200-2
Person 4 ... 199-3
Person 5 ... 198-4

- Person 1, Person 2, and Person 3 are tied for first overall. All the final money is added together ($560), split three ways, and distributed equally to each ($186.66 per share).

- Person 4 and Person 5 get kicked in the dick.

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Q: What if there is a tie for second overall, but not for first overall?

A:  The person who finishes first overall will receive the full first overall prize.  The people tied for second will receive the total of the second and third overall prizes divided by the number of people tied for second. No third place prize would be distributed.

Example 3

Final Standings:
Person 1 ... 200-2
Person 2 ... 199-3
Person 3 ... 199-3
Person 4 ... 199-3
Person 5 ... 198-4

- Person 1 wins the full first overall prize of $290.
- Person 2, Person 3 and Person 4 are all tied for second. The second place and third place money ($180 and $90) are combined ($270) and split three ways so that each receives a share ($90).
- Person 5 receives a boot to the nads.

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Q: What if there are no ties for first or second but there is a tie for third?

A: The first and second overall prizes will be distributed normally. The third overall prize ($90) will be split as many ways as there are third place finishers.

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Q: What if there is a two-way tie for first overall and a tie for third overall?

A: You mean if the final standings look like this?

Person 1 ... 200-2
Person 2 ... 200-2
Person 3 ... 199-3
Person 4 ... 198-4
Person 5 ... 198-4

Q: Yes.

A: In that case the first overall prize and the second overall prize would be added together and divided up equally between the top two finishers.  The third overall prize would go to Person 3, who finished third overall.  Persons 4 and 5 would receive the out-of-contention punch to the nuts.

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Q: What if there are no ties at all?

A: Do I really need to answer that? 

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I hope that is all clear. Please email me if you have any questions.
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