Tournament Information
Tournament Structure and Rules
The Buy-in for the Derby Poker Championship is $550 and includes your access to the VIP area where you will enjoy complimentary cocktails and appetizers. Players who buy-in to the tournament will have the option to purchase one VIP Ticket for $75 (Half-price), so their friends can cheer them on! There will also be re-buys and add-ons for the first hour of the tournament.
The tournament will encompass rules that are in compliance with a standard No Limit Texas Hold Em Tournament. The payout will be determined based on the total number of buy-ins, re-buys and add-ons. Remember, this is for charity so 51% of the buy-ins, add-ons and re-buys will be donated to our beneficiary charities. Let's have some fun!
Starting chips, blind structures and re-buy/add-on information will be available at a later date.
RULES OF PLAY:
Disorderly conduct or action detrimental to the experience for all players and attendees will not be tolerated. This is a no smoking facility.
1. Chip Stack Each player will begin with $5,000 worth of chips, distributed at Check-In: After the contestant enters the playing area, all chips must be visibly displayed at all times and cannot me removed from the playing area. Tournament workers will provide security if you leave the table. Absolutely no co-mingling or sharing of chips between players (Violation will result in immediate forfeit).
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 6:30 pm. Play will begin promptly at 7:30pm.
4. Re-buys will be allowed within the first hour of play. Additional chips may be purchased at a cost of $200.
5. Add-Ons will be allowed within the first hour of play. Additional chips may be purchased at the cost of $200. Add-ons will be limited to players with chip stacks of less than $5,000 in chips.
6. 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.
8. Final Table
a. When the tournament is down to 10 players, the “Final Table” will begin.
b. The seat position and dealer button for the final table will be randomly determined
c. Players at the Final Table will play until a chip winner has emerged or Rule No (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. Blinds Blind Structure will be announced at a later date.
10. 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.
12. 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.
13. 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.
14. 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.
15. 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.
16. Prizes 49% of the player’s initial entry fees and 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 announced after the add-ons and re-buys are finalized.
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.
This event is in conjunction with Kentucky Harvest Gaming License # ORG0001081
