Tournaments Getting Cancelled
At Bwin, it is possible for tournaments to get cancelled. This can be because of some technical issues and other related issues. Well this may cause chaos within the entire gaming system. However, on the good side, there is a refund policy that can be applied if ever this may happen.
Refund policy goes as follows:
- All remaining player will get refund for the buy-in. If the buy-in is in a form of ticket, they will get refund for the buy-in in a form of ticket. If the buy-in is in cash, they will get refund for the buy-in in cash. If it is a re-buy, they will get back their re-buy funds. The actual tournament prize pool is the refund “pool”. It covers any guaranteed cash, added cash or guaranteed tickets added to the tournament pot as the event is suspended. It is badly needed as in re-buy and add-on tournaments, the tournament prize pot is not set until the periods for re-buy or add-on are done.
- All remaining players will get refund for the fee paid early on. 50% of the prize pool will be distributed equally among them. While the other 50% of the prize pool will be distributed among them based on their chip stack and compared to the total chip pool at hand.
- Different rule must be applied if players are in credit. All remaining players will get refund for the fee paid early on and will get next positional prize from the payout structure. 50% of the remaining prize pool will be distributed equally among them. While the other 50% of remaining prize pool will be distributed among them again based on their chip and compared to the total chip pool at hand.
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Tags: buy-in, Bwin, chip pool, payout structure, prize pool, re-buy, tournaments