US/EST: 21 Nov 2017 07:15

Last Longers


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


Rules:
  • 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.
See Last Longers here