Money chess and Go tournaments

  
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Thibault de Vassal    (2007-05-12)
Money chess and Go tournaments

FICGS money chess & Go tournaments will be open today !

At last, after the next update (in a few hours) including legal informations (home page / rules) and the 'My account' page, the money chess & Go games can start.

Players interested are invited to read rules (updated) in its entirety, particularly 04. Entry fees, 05. Prize money, 06. Warranties, 07. Money transfer ...

http://www.ficgs.com/membership.html


Feel free to discuss rules for entry fees and prizes in this thread, some points may have to be clarified yet. It's a long time I think about these rules to make them most interesting at the same time for the players and the server, according to french taxes & laws.

Of course, all free tournaments will remain free. As FICGS becomes a commercial server, the more players will enter money tournaments, the more ads on the internet so the more players :)

Time controls for money chess games & tournaments are 30 minutes + 1 minute / move (lightning), 2 hours + 2 hours / 40 moves (blitz), 30 days + 1 day / move (rapid), 40 days + 40 days / 10 moves (standard). Thematic chess money games will be played at blitz time control.

Time controls for money Go games & tournaments are 30 minutes + 1 minute / move (lightning) and 30 days + 1 day / move (standard).


Nick Burrows    (2007-05-12 20:45:57)
money

Im not sure that i follow the formulas correctly.
If i enter a 2 player gold tourney for 100 e-points, and win. Do i recieve a 150euro cash prize and 47 e-points?

What are the alternative payment methods to moneybookers? as i dont have a credit card. Cheers, nick.


Thibault de Vassal    (2007-05-12 21:18:01)
money

If you do not ask for a money prize, you'll get 197 E-Points. If you ask for a money prize, you'll get 150 Euros. Your choice...

About Moneybookers, it is possible to send money to and from your bank account (so without a credit card).

See also Moneybookers frequently asked questions :

http://www.moneybookers.com/app/faq.pl


Nick Burrows    (2007-05-12 22:10:28)
rake

For each 100 euro ticket, ficgs takes 25 euros as a rake?
The standard poker rake for a 100 euro heads up match would be 5 euro only.
This makes it very difficult to only break even.
Thanks, nick.


Thibault de Vassal    (2007-05-12 23:16:53)
rake

Actually, ie. for a Gold blitz game (chess) the rake is 3 E-Points for White and 0 E-Points for Black !

There are 2 different rakes, a one-time rake on money entry fees (or money prizes) and another one, much lower, on E-Points entry fees : If you play only one game (a win) and ask for a money prize, the rake is the money prize one, 25 Euros (let's call it 'money prize rake') but the more games you play before asking money prizes, so applying the E-Points rake, the more the global rake will tend to the 'E-Points rake' which is much lower.

"Money prizes have to be compared to E-Points prizes that are much higher : A win in a Gold blitz game is worth 197 E-Points, meaning the more games you play before to ask for a money prize, the less charged games are. In example, if you buy 3 Gold tickets (3 x 100 Euros), you'll get 300 E-Points, then you play 30 Gold blitz chess games (15 as White and 15 as Black) : 29 draws and 2 wins with White. Finally you have 300 - (30 x 100) + (15 x 100) + (13 x 97) + (2 x 197) = 455 E-Points. At the end, if you ask for a money prize for the last game you won, you'll get a 150 Euros money prize and your E-Points account will be 455 - 197 = 258 E-Points"


Quite complicate to visualize but as FICGS is not a casino, there's a normal value added tax on money entry fees in Europe (that's why money prizes for gold tournaments can't exceed 150 euros). This way, I think the rule is quite interesting for players who play at least 10 games... Trying to write it in a clearer way.


Ilmars Cirulis    (2007-05-13 12:29:22)
Finally!

:)


Ilmars Cirulis    (2007-05-13 12:44:12)
Finally!

Hi, Thibault!
Congratulations! ;)

I am interested in money thematic games. :)
I can play in evenings at 6 on clock (server time).

- Traxler counterattack with white (Nxf7 and Bxf7)
- Evans gambit with black
- Latvian gambit with white (I like Svedenborg very much :) )

I offer 30 EUR money stakes. If I win I get some money. If not, then money goes to my opponent.

Can I transfer 30 EUR to FICGS account in moneybookers.com?


Thibault de Vassal    (2007-05-13 14:04:07)
Thematic tournaments

Hi Ilmars :)

Yes, you can now transfer money to FICGS account. (see "My account")

It is not possible to choose your opening in the money thematic tournaments in waiting lists, but I can create the games handly. If you don't find an opponent, I'll play it.

Best wishes.


Ilmars Cirulis    (2007-05-13 18:36:17)
Thematic money games

I transfered money to FICGS account. Now I must wait only.

I can play every day at 18 o'clock. But not two days in row. :)
If I am in FICGS at that time it means that I want to play.
Does anyone want to play it?


Thibault de Vassal    (2007-05-13 23:04:03)
Traxler counter attack

Congrats for a well prepared line against Traxler :)

Thanks for inauguring money tournaments...