Share Scheme Explained
Here’s how it works. The 50 highest raking players will be accepted into the iPokerVIP StanJames Share Scheme and will be guaranteed to win a share of the $5,000 prize fund.
The amount of the prize fund that will be awarded to each qualifying player will be equal to the amount of rake paid by an individual as a percentage of the total rake paid by all qualifying players during the counting period. For example:
Total Rake paid by qualifying players: $50,000
- Player A Rakes $5,000 (10% of total rake) and wins $500 (10% of prize fund)
- Player B earns $1,000 (2% of total rake) and wins $100 (2% of prize fund)
- Player C earns $250 (0.5% of total rake) and wins $25 (0.5% of prize fund)
Qualifying players will be able to track their progress and their current prize share on the leaderboard table which will be updated daily.