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Hi! I am Mel Judah. Let me tell you about, Cashout Poker. What is Cashout Poker? Cashout Poker is a new concept for all types of tournaments where players make their own decision as to when they wish to cashout their chips.
Whether you are a strong, weak or greedy player, Cashout Poker is designed to work for you. A strong player who gets deep into a tournament, can decide whether to continue playing or cashout depending on his chip position. On the other hand, the weak player may be satisfied with the small profit he has made and decide to cashout, when he is ahead. A greedy player will want to go all the way and claim the top price whether he is strong or week.
Like myself, most poker pros see the value in going all the way. A key benefit to Cashout Poker, is that it gives players the option to leave the table at anytime. Whether you have a prior engagement or you are simply too tired to continue, Cashout Poker allows you to leave at your own discretion. Let me demonstrate how it all works.
If the buying is $1000 and there are five hundred players, the prize pool will be $500000. The starting chip stack may vary, but for the purpose of this example, let's say, that the starting chips are $1000 and the value is dollar for dollar. There will be two pools, the prize pool and the cashout pool. The money is divided between both pools; $250000 in the prize pool and $250000 in the cashout pool.
As and when players decide to cashout, they will receive half the value of their chips. For instance, if a player has 40000 chips and cashes out, then he will receive $20000. The prize pool will be paid out like a normal tournament. But when two players are left heads up, they will play for the balance of the money remaining in the cashout pool. This is will be divided as follows; 60% to the winner and 40% to the runner-up. This will be in addition to the prize money.
Cashout Poker is a new and exciting concept, that is revolutionizing the world of poker. Enjoy playing cashout poker. By for now, Mel.
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