A Last Longer is a bet between players in a freezeout tournament where players contribute to a pool and the player who lasts the longest in the tournament wins the pool.
ChipMeUp's Last Longers allow all players to participate for any amount of money - an example using 3 players demonstrates this:
- Phil puts in $5 - potentially he can win $15
- Tony puts in $10 - potentially he can win $25
- Mike puts in $20 - potentially he can win $35
There is now $35 in the Last Longer pool.
The tournament is played and Phil wins, Tony comes second and Mike comes third.
Phil collects: $15 as he Lasted the Longest
Tony collects: $10
- His potential winnings were $25, but Phil won $15 of this. So $25-$15 = $10
Mike collects: $10
- His potential winnings were $35, but Phil won $15 and Mike won $10. So $35-$15-$10 = $10
See Last Longers here
- Once you join a Last Longer, you cannot leave it, nor can you change the amount or refund it. This would be unfair to players who joined after you.
- If a player joins a Last Longer and fails to play the tournament they forfeit their Last Longer amount to the pool.
- Your Last Longer contribution will be removed from your ChipMeUp balance when you join.
- There is a 3.5% fee on winnings.
- A user is responsible for entering the results of their Last Longer. Alternatively the creator of the Last Longer can enter any player's results.
- Once results have been entered, they cannot be changed - if changes are required, admin must be contacted.
- Once all results are in, the creator of the Last Longer contacts admin who will process the payouts. There is a delay to this (around 24 hours) so players are given time to report incorrect results.
- Last Longer players are NOT required to have a ChipMeUp event for the Last Longer they are participating in.