Name for Special Satellite Tournaments
Hey guys,
I'm having a bit of a brain fart on this one.
What do you call satellite tournaments where a bunch of players agree ahead of time to put aside a percentage of the buy-in to be split evenly amongst all participants.
So, 20 guys pay $100 for a satellite, with the winner getting a seat to a $2000 event. The winner will receive 62% of any winnings in the big game, with all other 19 players receiving a 2% piece.
I know this is similar to a BAP proposition (Buy a Piece), but is there a more technical name to describe this sort of satellite / agreement?
Thanks.
I'm having a bit of a brain fart on this one.
What do you call satellite tournaments where a bunch of players agree ahead of time to put aside a percentage of the buy-in to be split evenly amongst all participants.
So, 20 guys pay $100 for a satellite, with the winner getting a seat to a $2000 event. The winner will receive 62% of any winnings in the big game, with all other 19 players receiving a 2% piece.
I know this is similar to a BAP proposition (Buy a Piece), but is there a more technical name to describe this sort of satellite / agreement?
Thanks.
Comments
So is it called an Equity Satellite Tournament or a Shared-Equity Satellite Tournament?
Anything more specific?
Ive heard it used as an "equity satellite".