The tournament was split into two series, with each player's finishing position in the series final determining their starting chip count in the grand finale.
Similarly, the finishing position in two preliminary rounds per series determined the starting chip positions of each player in both series finals.
The Grand Final winner received $1,000,000. The payouts for the other entrants from the $3,200,000 prize pool were unclear in the broadcast. However, Phil Ivey has said, on Full Tilt, that he walked away with about $400,000, and, therefore, broke even.
In the first two rounds of each series, players start with 100,000 in chips. Their finish in each of these rounds determines their starting chips for the final round of the series as follows:
Finish 1. 250,000
2. 150,000
3. 112,000
4. 88,000
5. 72,000
6. 56,000
7. 40,000
8. 32,000
Series 1 Round 1 finish + Series 1 Round 2 finish = Starting chips for Series 1 Final
Series 2 uses the same format. Finishes in each series final are then used to determine the Grand Finale starting chip count as follows:
Finish - Finals 1. 500,000
2. 300,000
3. 224,000
4. 176,000
5. 144,000
6. 112,000
7. 80,000
8. 64,000
Series 1 Final finish + Series 2 Final finish = Starting chips for grand finale.
Season 1 featured 8 competitors each paying $400,000 to enter.
(This $400,000 entry fee is the largest in history)
"thats a hand he has a lot of options with, he could call, raise or fold". great commenting by captain obvious
pimpsmestad2010 3 weeks ago
RIP CHIP
rommi27 7 months ago