The Agua Caliente Casino Rancho Mirage Poker Room will be hosting the $15,000 Guarantee Payouts Last Saturday of the Month Poker Tournaments beginning June 24th, 2023 through Dec 30th, 2023.

HERE’S HOW IT WORKS:

Our $15,000 Guarantee Payout Last Saturday of the Month Poker Tournaments will be as follows:

Dates: June 24th, July 29th, August 26th, September 30th, October 28th, November 25th and December 30th, 2023

Time: $15,000 Guarantee Payouts Last Saturday of the Month Poker Tournaments will begin at 9:00am.

Registration and Dealer Tokes:

• Players must register in person with the Poker Room Cashier in the Poker Room either on the day of the tournament or anytime during the month prior to the event.
• Players that wish to register in advance prior to the day of the tournament event can do so at the Poker Room Cashier Cage. Players will be given a Tournament Certificate as proof of their purchase and must provide this Certificate on the day of the tournament event.
• Cashier will log these guests that buy their poker tournament entry prior to the day of the poker tournament event in our registration log book and all funds will be turned into the main cage for safe keeping.
•  Registration will continue throughout the second timed break in the tournament with new players being allowed to enter up until that time.
• Our registration fee will be as follows:
• We will take $40 dollars from each buy-in and $20 dollars from each add-on for the House Rake. The dealers will receive $20 dollars (Dealer Tokes) from each Poker Tournament add-on. 

Buy-Ins:

• $300 dollar buy-in and $150-dollar re-buys for the first 10 rounds of play. After the 10th round players cannot buy-in to play this event. This event will have several more rounds until it is completed on the final table of play. (Number of additional rounds is not specific. Number to total rounds will depend on how players get knocked out of play before they finish).
• $40-dollar add-on for $35,000 in chips at the second timed break (which is after 3 1/2 hours of play) in the tournament. Players must have bought in to play on or before the end of the 10th round to be eligible to purchase the add-on at the second timed break. Each player is only allowed to purchase one (1) add-on.
• During the first 3 1/2 hours, players may continue to buy-in and play in the tournament.

Tournament Format: Texas Hold’ Em

Number of Tables:

• We will limit these $15,000 Guarantee Payouts Last Saturday of the Month Poker Tournaments to 6 tables max. Each table can hold a maximum of 10 players. The minimum number of players would be 2 if the final two players continue to play until there is a winner.

Alternate List:

• Players that sign up to play before the end of the 10th round of play (or 12:30pm) and did not get a seat immediately because they were none available, will still get a chance to play as they will then be on an alternate list of players waiting to play and will get a seat into the tournament once someone else busts out of their seat in the next (1) One round ahead.  
• We will allow alternates to continue to buy-in until the end of the 11th round (or 1:00pm), then after that time they will not be able to play.

Starting Tournament Chip Amount:

• The starting tournament chips will be $20,000.

Starting Tournament Chip Bonus:

• There will be a $5,000 starting tournament chip bonus incentive for all players that start the tournament on time at 9:00am. All players that join (or buy-in to play) after 9:01am or later will receive the standard $20,000 in tournament chips.

Guarantee Prize Payout:

• Requires a minimum of 15 players to start the guarantee.
• The Guarantee Prize Payout will be $15,000

Collections for the Poker Tournament Players Monthly Qualifier Tournament(s) & the Tournament Players Anniversary Qualifier’s Tournament in March 2024:

• We will collect $7 dollars from each tournament player’s buy-in for the Poker Tournament Players Monthly Qualifier Tournament(s) and the Tournament Players Anniversary Qualifiers Tournament in March 2024. By doing this we will offer the tournament players a seat in every/or any Monthly Qualifier Tournament(s) from April 2023 to March 2024 plus, if they finish in any one of these monthly events in the top five payout spots, they will be qualified to play in the Tournament Players Anniversary Qualifiers Tournament in March 2024.

Prize Structure

Winners will be paid out according to the following percentages of the total prize pool, based on the total number of participants as described below:

Up to 30 Players	31-50 Players	51-70 Players	71-90 Players	Place Finished
50%	35%	33%	32%	1st
30%	25%	22%	20%	2nd
20%	20%	16.50%	13.10%	3rd
	13%	11%	9.50%	4th
	7%	7%	7%	5th
		5.70%	5.50%	6th
		4.80%	4.80%	7th
			4.30%	8th
			3.80%	9th
				10th

Chopping or Splitting of the Prize Pool Money & why players may choose the option – Tournament Rules:

• The reason tournament player(s) might want to chop or split the prize pool money is they may want to have a choice of dividing the prize pool money at an even amount or in a larger group of final players, as they feel that if they don’t make a deal to chop the money, then they might not get any money if they happen to be the next player to get knocked out of the tournament. (Example – A tournament with 44 entrants and a prize pool of $2,500 dollars, and if there are 10 players still playing on the final table, based on the payout formula above that the top 7 players will receive money then the next 3 players (player(s) number(s) 10, 9 and 8 to get knocked out will not receive any money), but if those final 10 players decide to chop or split the prize pool money and end the tournament at that moment then everyone at the final table will receive a payout.

Tournament payouts are pre-set:

• If no players ask(s) or want to organize a chopping or splitting of the prize pool money then the tournament continues on until the payouts are completed as pre-determined above (see Prize Structure).
• If some player(s) ask or want to organize a chopping or splitting of the prize pool money, but if anyone of the final player(s) decides that they do (not) want to chop or spilt the prize pool money than the tournament continues on until the payouts are completed as pre-determined above (see Prize Structure).
• Here are all of the rules that will apply when players decide to chop or split the prize pool money:

1. When players decide to make a chop or split of the prize pool moneys they may agree to chop or split the amount of money evenly or give more money to some players and or any player they determine to do so based on their chips in play and what the remaining players agree upon. All chop or split deals are witnessed and then approved by the Poker Floor Supervisor (or above) before any deal can be finalized. The Poker Floor Supervisor (or above) does not make the deal for the players, but they ensure that the deal is paid out correctly by what the players agreed upon. All players must agree on the deal to make a deal approved.
2. Based on the number of players that entered the tournament, the final tournament players cannot decide to chop the prize pool or split the money until they are at the pre-determined spot(s) of the final table to start receiving money. (Example – if there were 44 players that entered into a tournament with a prize pool of $2,500 and the prize pool payout structure calls for the top 7 players to win money (as shown above), then only until they get to 10 players (which is the final table number of players) or less could the remaining player(s) decide/agree to make a deal and chop or split the prize pool money).
3. Once a chop or split has been agreed upon there cannot be a second chop or split for a different portion of money left over. (Example – If the final (10) players wanted to chop or split the prize pool money ((Example of $2,500 of prize pool money)), as the example above, but they wanted to chop or split only some of the money (((Split only $200 each for the 10 players = $2,000, leaving $500 left over))) and play for the rest of the money(((meaning the last player would win the last $500))), then they cannot do that. Only one chop or split per tournament.