Syndicate Rules Season VIII
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: Points are
awarded in each tournament for places 1 through 12. The points
structure can be found on the
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
If there are more than one grand prizes available, then the
bottom grand prize will be awarded in a “bonus tournament” (see
below for more info). For
example: if two grand prizes are available then 1st
place gets a guaranteed Main Event package and the second seat
will be awarded in the bonus tournament.
If there are three grand prizes available, then 1st
and 2nd place will receive guaranteed Main Event
packages and the third seat will be awarded in the bonus
tournament. And so forth…
Seat Awards: Depending upon available funds and the
events offered by the WSOP, additional guaranteed WSOP seats
will be awarded. These
will typically be to $1,500 buy-in events.
Each of these winners will also receive $250 in cash.
Projected prizes will be updated throughout the season.
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
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
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. 15% commission applies only to the amount of
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.
Winners may not play in gimmick tournaments such as the
DraftKings 50/50 tournament. The Syndicate’s Committee may
declare other tournaments to be ineligible for Syndicate play
once the WSOP schedule is announced.
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. Expense money may be raised or lowered depending
upon funds available.
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 20,000 chip starting stacks.
The four "Majors" will have 30,000 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
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.
There are two types of “Special” tournaments: the first
will emulate Day 2 of the WSOP Monster Stack event; the second
will emulate Day 4 of the Main Event.
All tournament formats/structures can be found on
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 30,000 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.
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.
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.
Four $1,500 seats will be awarded in a post-season
playoff tournament. All
playoff winners will also receive $250 in cash.
Tournament Format: The Playoff tournament will feature a 20,000
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 20,000; the next
would receive 20,300; 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.
Tournament Buy-in: There is no buy-in for the Playoff
Tournament Start: All
playoff players must be seated before the start of level 3.
Tournament: All winners of Guaranteed Seats plus the
Playoff winners will be entered into this Bonus Main Event
Tournament. First place
in this event will win a Main Event package ($10,000 ME seat
plus $500 cash). The
remaining players will retain their $1,500 seat packages.
This event will be structured to emulate the final table
of the Main Event.
Players will receive more chips depending upon their order of
finish. See the
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 outstanding expenses incurred) 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
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
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.
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.
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
(4) If a player has to cancel
then he/she must notify us no later than 9am on the scheduled date.
A player that cancels late or is a no-show may lose his/her
standing regarding priority entry qualification. 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
(5) All players must arrive and begin play by the start of level 6.
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
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 9am 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
All late players will start
with blinded down stacks. We assume 2 orbits per level and
break each level into two halves.
If you are an alternate then you will start with a full stack
and must post the blind or wait for your big blind to start.
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 12
We use these
House Rules plus the Tournament Directors Association rules to
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.
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
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
Missed Hand: If you are not
in your seat when the last card is dealt then your hand will be
To balance the table we take the next BB and
move him/her to the worst position at the new table.
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
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.
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.
There is no chopping in The Syndicate.
play to win!
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:
Binding: If you say one
amount but toss out a different amount - whichever happened first
No String Bets:
Say "raise" or the amount of your bet - or
bet all in one motion.
Out of Turn
May be binding (if the action to you has not changed). Watch the
action and act in turn.
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 hand determines the winner, even if the
player misses it or calls it wrong.
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.
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.
This website was donated to The Syndicate and is updated by a
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.