Tourney How to award prize pool at hard stop time? (2 Viewers)

[Larold]

Apologies - I could swear I've seen a thread on this but my search didn't turn up anything, or I missed it because I'm legally blind.

TL;DR: If you are unlucky (as a host) and hit a hard stop time before you can naturally get to the end of your tournament, how do you award the prize pool?

Specific questions:
- If you were only going to pay the top say 3, but more than 3 people remain, how do you handle this?
- Do you award 1st to largest stack, 2nd to 2nd largest, etc? Or do you divided prize pool by % of chips in possession of each player?
- Any other thoughts?

 

[Geremie]

ICM is what you want to do

 

[Frogzilla]

For ICM type in prizes and stacks here, and it will give you the fair payout amount

https://www.icmizer.com/icmcalculator/

 

[Natskule]

Apologies - I could swear I've seen a thread on this but my search didn't turn up anything, or I missed it because I'm legally blind.

TL;DR: If you are unlucky (as a host) and hit a hard stop time before you can naturally get to the end of your tournament, how do you award the prize pool?

Specific questions:
- If you were only going to pay the top say 3, but more than 3 people remain, how do you handle this?
- Do you award 1st to largest stack, 2nd to 2nd largest, etc? Or do you divided prize pool by % of chips in possession of each player?
- Any other thoughts?

I think either way is acceptable, but it needs to be decided before the tournament starts as the two methods affect game play especially when the Stop time gets close.

 

[SlowPokeTony]

If you’re stopping in the moment and it wasn’t planned ahead of time then everyone has to agree on what they consider a fair chop. If there’s no agreement then there’s no fair way to stop the game. If you want to plan a hard stop then use ICM and make sure everyone knows it’s in play before the game starts.

 

[Taghkanic]

ICM chop calculators are easily found online. Different and better than a normal equity chop.

 

[Larold]

Thanks all. Found an ICM calculator I love. Hopefully shouldn't have to come to that, but just in case.

 

[Mrs Poker Zombie]

Hopefully, you have planned your blind levels, level times, and starting stack to prevent having a hard stop.

 

[Preditor]

Apologies - I could swear I've seen a thread on this but my search didn't turn up anything, or I missed it because I'm legally blind.

TL;DR: If you are unlucky (as a host) and hit a hard stop time before you can naturally get to the end of your tournament, how do you award the prize pool?

Specific questions:
- If you were only going to pay the top say 3, but more than 3 people remain, how do you handle this?
- Do you award 1st to largest stack, 2nd to 2nd largest, etc? Or do you divided prize pool by % of chips in possession of each player?
- Any other thoughts?

I have a small tourney (8-12) and a hard stop time at 5 hours (not including breaks).

For myself, the last 4 levels are 5 minute turbos. Then if there are still players, we split the winnings evenly.

But I have the blinds structured and in such a way that by the last last level - even if we max out players - we have 12BB left for the entire table.

We have never once needed to chop the winnings. Twice in 12 tourneys, we went 1 or two levels into the turbos. And of those two tourneys, one was a deep-stack.