When I played a satellite there and won the seat, Seneca forced me to pay
30% out of the seat value in cash!
The runner-up to the seat was a local scumbag who tried to exploit the situation further by telling me to donate my prize to him so he would play for me.
When a Canadian min-cashes, Seneca robs them 30% of their min-cash so we lose money despite cashing!
This is why it is so idiotic to buy into any Seneca tournament when there are many decent tournaments in Ontario with rake as low as 3.6%-5% and we get to pocket
100% cash of our winnings.
Quote:
Originally Posted by SleightOfJam
Can someone confirm what happens with withholding tax and whatnot if a canadian binks a tourney at seneca? 30% seems to be the magic number but I've heard it's completely unrecoverable, partially recoverable and fully recoverable many times.
Last edited by Nash_equilibria; 10-22-2013 at 10:25 AM.