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Syndicate Rules Season VIII 2012-2013

Syndicate Rules House Rules Disclaimer

Syndicate Rules:

    • Schedule: We will run a 16 tournament schedule and use a player’s top 12 finishes to determine his/her total points for the series.
    • Point System: The points structure can be found on the structure page.
    • Prizes: Our prize structure will be determined by the funds available and the events offered by the WSOP.
    • Grand Prizes: The Grand Prize will be a $10,000 buy-in to the upcoming WSOP Main Event plus $500 in cash.   Additional Grand Prize packages will be awarded depending upon available funds.
    • Guaranteed WSOP Seat Awards: Depending upon available funds and the events offered by the WSOP, additional guaranteed WSOP seats will be awarded.  These will typically be in $1,500 buy-in events.  Each of these winners will also receive $250 in cash. Projected prizes will be updated throughout the season.
    • Grand Prize Options: The Grand Prize winners must play in the Main Event following the conclusion of the current season. If a Grand Prize Winner, cannot play in the WSOP Main Event then he/she must option it off to the next qualified player for a 10% stake in that player’s winnings at the designated WSOP event. Should this occur, then all prize packages would “shift down” accordingly in the standings.
    • Winners Options Any winner (excluding Grand Prize Winners) can choose to play in a lower buy-in event. However, no player may play in an event with a buy-in of less than $1,000.  The remaining funds will go back into the Syndicate prize pool.  For example, if a player wins a $1,500 seat but chooses to play in a $1,000 event, then the remaining $500 will go back into the Syndicate Prize Pool.  Any winner may also "buy up" into a higher value event at their own cost. In either instance The Syndicate’s share remains 50%.  Should any player not be able to play in a WSOP event then he/she must option it off to the next qualified player for a 10% stake in that player’s winnings at the designated WSOP event.
    • Discounted WSOP Seats:  From time to time discounted WSOP seats are available.  These should be purchased by the Syndicate or the winning player whenever possible.  When this occurs the money saved, less a 15% commission for whoever finds the discounted seat, is retained by (or returned to) The Syndicate.
    • Qualified WSOP Events:  Players must play in an official WSOP “bracelet” event and any prize package that includes a buy-in of $5,000 or more must be used for a No Limit Hold’em Event only.
    • Prize Package Notes: All prize packages are good-faith estimates based upon reasonable projections, available funds and the tournament buy-ins offered by the WSOP. The Syndicate will publish updates when necessary.
    • Ties: In the event of a tie for any prize, a heads-up match will be played to determine the winner. This will be a best two out of three match with 5,000 chip starting stacks and 20 minute blinds (starting at 25/50 with no antes).
    • Formats: Our regular deep-stack tournaments will feature 15,000 chip starting stacks. The four "Majors" will have 20,000 chips starting stacks (See below for more information on the Majors). All tournaments will have a $125 buy-in. We will also be playing four re-entry tournaments which allow unlimited re-entries for the first 5 levels.  To re-enter a player must be out of chips and pay $125 for a new, full stack.  A “surrender” option is also available at the end of level 5.
    • Tournament Payouts/Escrow: At each tournament 50% of that event’s prize pool, will be awarded to the top finishers. The number of places paid is determined by the total number of players entered. The other 50% will be saved to pay for all the WSOP Prize Packages and to fund the playoff tournament. 
    • Majors: Events 4, 8, 12 and 16 will be “major” deep stack tournaments. These Majors will each have a 20,000 chip starting stack. All majors will have 30 minute blind levels. In addition to the normal cash payouts the top finishers will also receive bonus playoff chips that will be added to their starting stacks at the Playoff Tournament if they qualify for that event. These bonus chips will be awarded like this: 1st- 2,000 chips; 2nd- 1,500 chips; 3rd- 1,000 chips; 4th- 750 chips; 5th- 500 chips.
    • Participation Points & Chips: For every tournament entered you will receive 5 points towards your season total.  Additionally, for every tournament entered you will receive 50 bonus playoff chips that will be added to your starting stack at the Playoff Tournament should you qualify for that event.
    • Playoff Tournament: There will be a final playoff tournament for the top 18 players that did not earn a guaranteed seat. To qualify, players must have played in at least 5 events during the season. The next five players that did not make the playoff, and also played in at least 5 events, will be alternates and will be eligible to play if one of the above referenced players can’t participate. They will be invited in the order of their finish. Should there be a tie for the last playoff spot then all tied players will advance. Should a playoff qualifier choose not to play and there is a tie for the 1st alternate spot, then both alternates shall advance.
    • The Playoff Prizes:  Four seats will be awarded in a post-season playoff tournament.  At a minimum, the 1st place and 2nd place prizes in the playoff will be $1,500 packages.  All playoff winners will also receive $250 in cash.
    • Playoff Tournament Format: The Playoff tournament will feature a 15,000 chip starting stack and 30 minute blinds. Players will also be awarded 300 chips per place depending on their overall finish during the regular season. For example: if you are the bottom seed then you will get a starting stack of 15,000; the next would receive 15,300; and so on in increments of 300. Additionally, any bonus chips earned during the "majors" or for each event entered will be added to your stack if you qualify for this tournament.
    • Playoff Tournament Buy-in: There is no buy-in for the Playoff Tournament.
    • Playoff Tournament Start:  All playoff players must be seated before the start of level 3.
    • Syndicate Shares/WSOP Winners: For every tournament entered each player will receive one share of the Syndicate. If a Syndicate winner cashes at a WSOP event then he/she will take 50% of their post-tip (not to exceed 3% of profit), post tax cash prize. The remaining 50% of winnings will be paid to The Syndicate within one week of the event.  [For example – if a member plays in the Main Event and cashes for $25,000 and tips out $300 (2% if $15k) and withholds $5,250 for taxes (25% Fed./10% State) then the Syndicate would receive $9,725 (25,000 - 300 - 5,250 = 19,450 / 2)  The Syndicate will then distribute this sum (less any current expenses incurred by The Syndicate) back to The Syndicate players per the value of their vested shares. For example: if there are 400 total entries for the season and a player enters in 16 events then he would receive 16/400's or 4% of the prize money. The winner will also keep his/her vested share. 
    • Becoming Vested: A player must play in a minimum of 5 events each season to become vested and be eligible to receive Syndicate shares.  Any un-vested shares will be distributed evenly per the vested players’ shares.  Should any Syndicate member win $250,000 or more at the WSOP then all players, vested and unvested, will be paid their full shares.
    • Location/Food & Drinks: The location will be provided on the Evite for each tournament. Dinner and water will be provided -- players should bring their own snacks and other beverages are BYOB. Any changes in venue location will be announced as needed.
    • Rake/Fee: The Syndicate does not charge a fee (or a rake) to play in its tournaments. The Syndicate makes no profit and all proceeds go into the prize pool for the group’s winners. The Syndicate is managed by its members. Each player is asked to bring $10 per event to help pay for the following: dinner, water, plates, napkins, utensils, cards, chips, tables, chairs, and supplies.  Before determining the prize pool for the end of each season any shortfall in The Syndicate account will be covered.  
    • WSOP Prize Pool: The funds available for the WSOP prize packages are determined with this equation: nightly entry fees plus $10 per player donation less nightly payout less cost of dinner less all other expenses = WSOP prize packages.
    • Starting Time & Seating: The Syndicate is a player-run league and it really needs your help to operate smoothly.  The following rules have been adopted to keep our tournaments organized and on time; and to be fair to all the players that want to participate. 

    (1) All players must check in no later than 15 minutes prior to the official start time. This is considered “on time”.  After that a player is considered late. Check-in starts 45 minutes before the official start time.

    (2)  If a player cannot make it on time then he must notify us in advance.  This can be by email until noon on game day and by text after that.  Please include your name and a realistic ETA.

    (3)  If a player does not arrive on time (15 minutes prior to the start), and does not notify us, and we are sold out, then that player may lose his/her reserved seat to a player on the wait list. The late player would then become an alternate.

    (4)  If a player has to cancel then he/she must notify us no later than noon on the scheduled date. If an entered player does not play, and does not cancel on time, and the event is sold out, and the Syndicate cannot fill the empty seat, then the player must pay $62.50 to the Syndicate to cover for the lost savings. This must be paid before entering any subsequent tournament.

    (5) All players must arrive and begin play by the start of level 6th.  There will be no exceptions to this rule.

    Capacity/Invitations:  The Syndicate has limited seating capacity.  Priority for seating is given first to regular players from previous seasons, then to players that have participated regularly in the current season, and then to newcomers and then the rest of the list.  The Syndicate cannot guarantee that there will be space available at every event.

    ·         The Wait List:  If a tournament sells out then you may get on the “reserve” list.  Simply send an email to sdsyndicate@san.rr.com Please include your mobile number in your email.  If space becomes available via cancelation or otherwise, then “reserves” will be notified in the order that we received their email.  If no space becomes available then a reserve is welcome to come by on tournament day to see if there is an opening.  There is no guarantee of a seat.  Reserves that are present at the tournament will take precedence over those waiting at home or elsewhere.


    ·         No Show/No Call: It is disruptive to our tournaments when a player signs up but does not attend. It is also disruptive when a player arrives late without notifying us of his/her intentions.  As noted above – late players (without notifying us) may lose their seats to a reserve and become alternates. Additionally, if a tournament is sold-out then players who sign-up but do not play and do not cancel in time (by noon on the scheduled date) must pay $62.50 to the Syndicate to cover for the lost savings. This must be paid before entering any subsequent tournament.

    ·         Starting Late:  All late players will start with blinded down stacks.  If you start with a new stack we assume 2 orbits per level and break each level into two halves

    • Format/Schedule Change:  The Syndicate reserves the right to change the schedule and/or the Format as needed.  With a schedule made several months in advance it is typical that a couple of dates need to be changed.  Likewise, The Syndicate’s goal is to have the tournaments end at a reasonable time - so the format may be adjusted from time to time to ensure a timely finish.
    • There will be no chopping at any of the tournaments. We play to win!

House Rules - Basic Syndicate Procedures - Season 11

We use these House Rules plus the Tournament Directors Association rules to govern play:

  • Dealers: There are no set dealers - the deal is rotated around the table. The dealer is in charge of the hand so please pay close attention to the action. Don't deal without blinds and antes in.
  • Shuffling/Cutting: Cards are shuffled after the hand by the dealer that just dealt the hand. After shuffling, place the cut card on top of the deck and pass it forward.  The new dealer cuts the deck and then deals.
  • Misdeals: If first or second card is exposed it is a misdeal. If any other card is exposed it is replaced by the burn card after all other cards are dealt. The exposed card becomes the burn. If two cards are exposed it is also a misdeal.
  • Missed Hand: If you are not in your seat when the last card is dealt then your hand will be mucked.
  • Moving Players: To balance the table we take the next BB and move him/her to the worst position at the new table.
  • Follow The Action: If you bet without realizing there was action in front of you, your action is binding.  If your bet is less than 50% of the previous bet then you can call the remainder or fold and forfeit your chips.  If your bet is between 50% and 149% of the previous bet – then you are obligated to call.  If your bet is 150% or more then you must double the bet for a raise.
  • Mucked/Dead Hands: Each player must follow the action and act in turn. If you do not protect your hand or you muck out of turn, even by mistake, your hand will be dead.
  • Chopping: There is no chopping in The Syndicate. We play to win!
  • Cleanup: As you bust out please help take a moment to help keep things clean. Then we'll take a short break before the final table to cleanup/breakdown anything possible.

The following are basic TDA Rules reminders:

  • Verbal is Binding: If you say one amount but toss out a different amount - whichever happened first counts.
  • No String Bets: Say "raise" or the amount of your bet - or bet all in one motion.
  • Out of Turn Action: May be binding (if the action to you has not changed). Watch the action and act in turn.
  • Showing/Talking: Don't show your cards or talk about your hand to anyone while there is still action. Don't talk to players who are in a hand or ever try to influence the action. This includes players in the hand.
  • The Cards Speak: The hand determines the winner, even if the player misses it or calls it wrong.


Please Note: While we use these house rules and the TDA rules as guides, the "Floor" or Tournament Director has discretion and may use this discretion due to the unique nature of The Syndicate.  Since we do not have professional dealers there is an increased possibility for error or disagreement. Every attempt will be made to follow the established rules while keeping the game as fair as possible.

Disclaimer:  This website was donated to The Syndicate and is updated by a volunteer.  Please understand that any information found on this website is subject to change.  It is your responsibility to receive, read and understand all rules and communications from The Syndicate.




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