This is rUeTaMa
You are lying.
I've already published EXACTLY how you calculated the refunds and EXACTLY how you shorted the 40k overlay by $14,870
But since you decided to come here and lie some more instead of making it right, I'm about to systematically debunk all of these lies you posted and destroy any shred of credibility you or your scumbag company has left.
My comments in
BOLD
Quote:
Originally Posted by GlobalPoker_Joey
Hey,
I hope everyone is well.
There has been a fair bit of confusion here so I have asked some questions of our product team to see what information I could find out for you.
You mean what sort of backpedal excuses you could come up with
This is what I have been able to gather:
Event 26 L
- The guarantee for this tournament was SC$15,000.
- There was SC$10,500 in players funds contributed to the tournament.
- At the time of the tournament ending, there were 427 players remaining in the event.
- Their SC$22 buy-ins combined to a total of SC$9,394.
- We refunded the SC$9,394 to players and divided the SC$10,500 amongst players using the guidelines listed above (50% divided equally and 50% by chip chop).
- This equals a total payout of SC$19,894, 33% more than the tournament guarantee
And why exactly would you do this instead of paying out the tournament according to the published policy---why do these players deserve even more on top of the entire guaranteed prizepool and their buyin back?
26 M
- The guarantee for the tournament was SC$40,000.
- There was SC$12,900 in players funds contributed to the tournament.
- At the time of the tournament ending, there were 116 players remaining in the event. No there weren't 115 was verified post break by players with updated lobbies....so there were not more than 115 in at crash 25min later. There were actually 114 left
- Their SC$110 buy-ins combined to a total of SC$12,760. (12540 for 114)
- We refunded the SC$12,760 to players and divided the SC$12,900 amongst players using the guidelines listed above. Again why this instead of your policy?
- This equals a total payout of SC$25,660.
So your claim is that payment for any remaining player in the 40k should be:
$110 + $55.60(6450/116)+.005/chip (6450/1.29M in play)
OR put more simply 165.60 + .005/chip
My refund was 210.66. So chipchop=45.06. I'd need 9012 chips. I had 7600ish
UNFORGIVABLE's refund: 239.38. So chip chop=73.78. He needs 14,750. He had 13000ish
WizOfAz's refund was 247.68. chipchop=82.08. He need 16,416. He had 14500ish
I can keep going with these...I've compiled a spreadsheet from 15 different player with their actual payout and approximate stack (3 had exact stacks with screenshots)
The point is: this math proves you're STILL lying about how you calculated the refund. If you were telling the truth the math would result in the refunds you sent.....instead: My math arrives at the refunds we actually received:
Ive already published exactly how you calculated the refund: You took the 40k pool and subtracted $110 x 114* remaining from it to get 27460 remaining to be chopped.
You took half of that and divided 114 ways for equal share of 60.44**
The other half you divided up chip chop at a value of .010643/chip**
YOU THEN HALVED the chop amounts to 30.22 and effectively .00532/chip
* Unethical move #1: the $10 rake portion of refund should come from the $1290 in rake Global took, NOT from the $12900 in prize money they collected OR from the additional 27.1k in overlay they are obligated for. The pool to be chopped should be 28,600. NOT 27,460.
** Unethical move #2: You blatantly and deliberately awarded HALF of the value for equal share and chip chop portions prescribed by your published policy.
The combo of these 2 unethical moves saved you $14,870 in payouts vs following your published policy to the letter for the 40k prizepool***
***Unethical move#3: If you go to your published policy today there is a note at the bottom saying " Please note that for guaranteed prize-pools, the card room will only pay out according t the contributed prize-pool based on buyins, and not the guaranteed amount." THIS WAS ADDED LATE TUESDAY in prelude to sending out that email claiming this hogwash method of wonky math was used in place of the published policy. We have screenshots of the policy page sunday and money where that note is not present. It was added later in another deliberate act of Global backtracking/trying to cover their tracks. Any one with web skills can see what your page looked like Sunday when you came on here and told this community that you would A) pay out the 40k according to that policy and B) honor the overlay. You have done neither.
All the rest of these bogus claims below about using part of the 40k overlay to give to satellite winners, or other tournaments, etc etc etc...are bogus because once you look at the math its clear you were lying about how you did the payout to save yourselves $14,870. Once we've established you're STILL lying to us, you've lost all credibility or benefit of the doubt.
But in case you come around to admitting that and then want to claim you used that money for the benefit of other players:
- The additional SC$ in the guarantee was divided up and used to reimburse players taking part in Rattlesnake Open satellites running at the time of disconnect.
- This approach is reasonable as had these satellites been left to run to completion these are funds that would have been part of that prize pool.
This approach is not reasonable at all. You can't double dip the funds that are currently in the satellite pool and treat them as if those players were actually in the 40k. Also, the satellite pool was either already whole via player buyins OR was the responsibility of Global to make up SEPERATE from the 40k pool. By your logic ...you could offer a 40k guarantee tourney and run satellites with 20 seats guaranteed all week....and then at the end the 40k prizepool would be reduced by any satellite overlays you paid. Nu-uh. That's not how this works and you know better. Also, there were not enough satellites running on Saturday to fill 271 seats. Claiming there were is even more outrageous than the lie about he payout math calculations you tried to post here.
All refunds and additional compensation was provided to tournament players within six hours of the site shut down. We were disappointed to have the tournaments fail but were happy to provide such generous compensation to our players in a quick and timely manner.
Why would those players receive additional compensation beyond splitting up their individual tournament pools each according to the published policy? Why is the 40k the only tournament you deem to not deserve "additional compensation" ---but think should be distributing its overlay to give compensation to other prize pools?? This is all just jibber jabber trying to claim you used the money you shorted the 40k overly by elsewhere: you didn't. And if you did...it wasn't your right to make that decision after promising you'd honor the overlay according to your cancellation policy---and on the day of the crash your cancellation policy did not have that little note at the end saying you weren't on the hook for the guarantee. That's easily provable so you might as well own up to that now.
Also, when you take money from one group of players and give it to another, that's not you giving "generous compensation" ...that is you stealing from one prizepool to pay another for your mistake instead of paying it all out of your own pockets...which is the correct thing to do. To come in here with your blatant lies and have the nerve to try to paint yourselves as 'generous" is a slap in the face to this forum and this community.
There have been some silly remarks made suggesting that we deliberately did this to avoid having to play an overlay. Of course, this is untrue.
I don't believe anyone reading this post and watching me systematically debunk and expose every one of your lies would call my comments "silly".
I think they would call your comments lies.
In addition, I've clearly proven your actions were deliberate not accidental oversights: You didnt accidentally halve the chip chop share and equal share of the remaining 114 players. That was deliberate. You didn't accidentally concoct a bogus calculation method to post on here --insulting our intelligence by assuming no one would do the math and see it doesn't work--and you didn't accidentally sneak that little note about guaranteed tournaments at the end of your cancellation policy page to try to claim you are "following policy" to reneg on the overlay (even after you promised ITT to pay the overlay)
You are the one looking silly sir. Not me.
In response to that please note.
2017 Eagle Cup: Tournaments Held: 122 Tournaments with an Overlay: 1 (The overlay was $440)
2018 Grizzly Games: Tournaments Held: Tournaments Held: 123 / Tournaments with an Overlay: 0
2018 Rattlesnake Open (Prior to final day): Tournaments Held: 75/ Tournaments with an Overlay: 0
Additionally, just a month ago, Global Poker Madness occurred with an SC$200k Guarantee. This is much larger than any of the events mentioned here and also did not have an overlay.
And your point is?? Just because you've played russian roulette and won 7 times over the course of the last 8 months doesn't mean you're guaranteed to win the next time. If your point is that you wouldn't have had an overlay were it not for technical/hardware problems...boohoo. Thats not the players' fault or problem. It's yours. Pay up and honor the overlay or admit that your an unethical company who doesn't deserve an ounce of this communities trust or benefit of the doubt in any other arena.
I hope that this information helps and thank you all for your support of Global Poker.
In case it's lost on anyone here: If they are willing to lie, deceive, backpedal, lie some more, etc over $14,870....what makes you think for a second they won't abscond with all the players' money if things ever go south for them???
In gambling your name is EVERYTHING. If a company is willing to tarnish theirs over such a small amount of money its says a LOT about them.
Last edited by AmAtEuR_backwards; 05-24-2018 at 03:04 AM.
Reason: typo