Full Tilt Poker’s Cashout Poker Tournaments give players the option of cashing out some or all of their chips before the tournament has ended.
Cashout Poker Tournaments follow the same rules as standard tournaments, except that each buy-in is split between a regular tournament prize pool and a Cashout pool. Players compete for a share of the tournament prize pool as they would in a standard tournament, but also have the option of cashing out some or all of their chips before the tournament has finished.
How Cashouts Work
When a player decides to cash out, the amount they choose is taken from the Cashout pool. Cashout value is based on starting stack size and the tournament buy-in amount.
For example, in a Cashout Poker Tournament with a $20 + $2 buy-in, $10 goes to the tournament prize pool and $10 goes to the Cashout pool. If each player starts the tournament with 1,500 chips, then 1,500 chips are worth $10.
Players may make partial Cashouts in 10% increments of their original stack size. Using the tournament example above, partial Cashouts work like this:
- A player may cash out as few as 150 chips – 10% of the starting stack; the value for 150 chips in this example is $1
- A player whose stack size has increased to 3,000 may choose to cash out 1,500 chips; the value for 1,500 chips in this example is $10
- A player whose stack size has increased to 5,000 may choose to cash out 3,000 chips; the value for 3,000 chips in this example is $20
Please note that players may perform partial Cashouts for any amount of their stack in 10% increments of their starting stack. When a player makes a partial Cashout, the chips cashed out are removed from play.
If a player chooses to make a partial Cashout while a hand is in progress, the Cashout will show as “Pending” until the hand is completed. Once the hand is finished, the Cashout will be completed unless the player’s chip stack has dropped below the amount requested. In this case, the Cashout will be cancelled.
A full Cashout allows a player to leave a tournament before it has ended and take the full Cashout value of their chip stack. The value of the individual’s chip stack is determined the same way as a partial Cashout.
When a player makes a full Cashout during a tournament, they are eliminated from the tournament at the conclusion of the hand. For example, if there are 21 players left in the tournament and a player completes a full Cashout, they are eliminated from the tournament in 21st place and the Cashout value of their chip stack is credited to their account. If 21st place is a paid position in the tournament, the prize amount for 21st place is also credited to their account.
Please note that when a player makes a full Cashout, the total Cashout value is rounded down to the nearest cent. As with partial Cashouts, the chips cashed out are removed from play.
Players may choose to make a Cashout at any point during a tournament’s Cashout period by clicking CASHOUT.
When the Tournament Cashout Options screen is displayed, the player may select Full Cashout or Partial Cashout, and enter the specific amount using the Cashout slider.
A player may choose to cancel the Cashout process at anytime before it is completed by clicking Cancel.
Players will be able to cash out until the tournament reaches the final table, at which time the Cashout period will end. When the period ends, all money left in the Cashout pool is divided between the remaining players based on the current Cashout value of their chip stacks.
The Cashout pool can be viewed in the tournament lobby. Please note that the total Cashout pool will decrease as players cash out.
To find Cashout Poker Tournaments, look for the icon in the main lobby.
© The Cashout Poker concept is the copyright of Mel Judah the creator of the Cashout Poker concept, and Tarram Limited 2007. All rights reserved.