Quote:
Originally Posted by chopsy2
What I mean is my understanding for jackpots is that a % of each entry goes towards WPN and the rest goes towards the jackpot pool. So in the case of a $2 jackpot with a 2x multiplier $4 goes to the prize pool while $2 minus WPN fee goes to the jackpot.
So what my question should be asking is does WPN take a fee from the jackpot money in addition to the rake being charged. If I am wrong on how the jackpots work please correct me so I understand better.
The non-rake portion of the buyin gets paid out to players. However, it may not be the players who paid the buyin. But that also doesn't mean WPN gets the money.
If the prizepools work the same way as the jackpot SNGs, then for a $5+0.50 game, $45 would go to the overall prizepool, $4.50 to WPN as rake. There would then be a multiplier to set the prizepool for the specific game. In the long run, that full $45 gets returned to players and not a penny less or more. In the short run, WPN may get lucky or unlucky with the number of high multipliers hit and have a higher or lower effective rake percentage due to that, but don't confuse that with WPN taking additional rake, since each jackpot spin is independent (i.e. people think that it's set such that if there's a 1/1000 chance of a certain multiplier, it'll for sure happen 1 in every 1000 games -- rather on any given spin, there's a 1/1000 chance of hitting that multiplier but it's theoretically possible given 1000 games that 10 are the big multiplier or, more likely, 0 are).
However, I believe the SNG 2.0 might actually have a progressive jackpot meaning the prizepool money really is going into an overall progressive prizepool, making some of what I just said not true about how it works, although it still would be true that the prizepool gets returned to players. Although I have a feeling it may say in the T&Cs that WPN can discontinue the promotion at any time, thus taking the progressive jackpot to the bank at whatever time it's discontinued.