MEMBER’S POOL & PROMOTION RULES
THE MEMBER’S POOL
The Mint Poker Member’s Pool (MPMP) is a pool wholly owned by the club membership and not Mint Poker, it’s employees, owners or parent company. Mint Poker does not take any fees from the Member's Pool for administrative costs, 100% goes in from the members and 100% is distributed back to the members via various promotions. $2 will be reserved for the Member’s Pool from each pot once the pot contains at least $20. On a daily basis, for each $2 collected, a portion will be allocated to the member’s Bad Beat Jackpots, another portion will be allocated to cash game promo payouts and member’s reward tournaments (ex: High Hand Promotions). The remainder will be held in reserve to replenish the member’s Bad Beat Jackpot, when hit.
BAD BEAT JACKPOT RULES
1. The Texas Hold’em Bad Beat Jackpot applies to the game of Texas Hold’em only. The Omaha Bead Beat Jackpot Applies to the game of Omaha only. “Bad Beat” means a high-ranking poker hand that is beat by a higher-ranking hand (e.g., Four Queens losing to a Straight Flush).
2. A minimum of five (5) players must be seated and dealt in at the beginning of the hand in order to qualify for the Bad Beat. (Other player minimums may apply.)
3. In order for a hand to be eligible to qualify for a Bad Beat, the pot must contain a minimum of $20.
4. To qualify for the Bad Beat Jackpot, a player must have that particular week`s qualifying hand, or better, beaten. Every time the Primary Bad Beat Jackpot is hit, the minimum qualifying hand will restart at AAAA (quad Aces). Every 4 weeks the Qualifying hand will drop in strength according the table below.
|WEEK||MINIMUM QUALIFYING HAND|
|1||Quad Aces (AAAA)|
|5||Quad Kings (KKKK)|
|9||Quad Queens (QQQQ)|
|13||Quad Jacks (JJJJ)|
|17||Quad Tens (TTTT)|
|21||Quad Nines (9999)|
|25+||Quad Eights (8888)|
5. The Secondary Bad Beat Jackpot applies to Texas Hold’em only and will be awarded any time that a player loses with a hand made up of a minimum qualifying hand of AAAKK, or better, including any of the above-mentioned qualifying hands, before that particular qualifying hand threshold is met.
Example 1: In week 5, the minimum qualifying hand is Quad Kings and a player loses with Quad Nines.
Example 2: In week 1, the minimum qualifying hand is Quad Aces and a player loses with AAAKK. The Secondary Bad Beat Jackpot payout is currently fixed at $1,000.00.
6. If the winning and/or losing player has made a Full house or Four-of-a-Kind, that player must have a pocket pair to qualify.
Example 1: if a player has Aces full of Kings, he/she must have a pocket pair of either Aces or Kings.
Example 2: if a player has Quad Nines, he/she must have a pocket pair of Nines with two Nines on the board.
7. The winning and losing Hold’em players must use both their hole cards and Omaha players must use two hole cards to create the highest possible 5 card hand. Each eligible player will be paid out as per rule #14 or #16.
8. $2 will be removed from each pot according to rules #2 and #3 and credited to the Mint Poker Member’s Pool. For a hand to be eligible for the Bad Beat Jackpot, the hand must go to a showdown (played to the end, where all cards have been dealt and players have completed betting and show their cards to determine the winner) in order for the jackpot to be awarded.
9. On a daily basis, for each $2 collected, a portion will be allocated to the Bad Beat Jackpot, another portion will be allocated to cash game promo payouts (ex: Really Wicked Weekdays) and the remainder will be held in reserve to replenish the Bad Beat Jackpot, when hit. (Seeding of the Bad Beat Jackpot will be recouped at a rate of 10% of the daily Bad Beat Jackpot drop.) Mint Poker may change the distribution percentages of the Mint Poker Member’s Pool at any time.
10. If a hand finishes with three qualifying hands, the lowest hand will only receive a player’s share of the jackpot (e.g., Four Eights, Four Queens and a Queen High Straight Flush are dealt in the same hand. The Bad Beat hand will be the Four Queens and the winning hand will be the Queen High Straight Flush).
11. Players must play their hands independently. Any discussion of the prize during the playing of the hand may void qualification for the Bad Beat Jackpot. If any player, whether directly or indirectly involved in the hand, passes information or instructs another on how to act or reveals his/her hand to other players, the Bad Beat Jackpot will be nullified.
12. Management reserves the right to verify eligibility of all qualifying hands. There will be no recourse if the cards are mucked before surveillance was able to verify the hands and the community cards. Management will not be permitted to reconstruct hands in any way.
13. In order to collect any Mint Poker Members Playground Poker Bad Beat Jackpot payout, government issued identification will be required and a valid Mint Poker Membership and be in possession of their Mint Poker Membership Card.
14. Payouts of the Primary Bad Beat Jackpot are as follows:
· 40% of the Bad Beat Jackpot will be awarded to the Bad Beat hand (losing hand).
· 20% of the Bad Beat Jackpot will be awarded to the winner of the hand.
· 20% of the Bad Beat Jackpot will be awarded equally among the balance of the signed in players at the table.
· 20% of the Bad Beat Jackpot will be awarded equally among all other signed in Hold’em and Omaha cash players on the floor.
15. In the event that no other live games are in play, the 20% room share, dedicated to all other Hold’em players, will be withheld and used to replenish the Bad Beat Jackpot.
16. Payouts of the Secondary Bad Beat Jackpot (applies to Hold’em only) are as follows:
· 50% of the Secondary Bad Beat Jackpot will be awarded to the Bad Beat hand (losing hand)
· 25% of the Secondary Bad Beat Jackpot will be awarded to the winner of the hand
· 25% of the Secondary Bad Beat Jackpot will be awarded equally among the balance of signed in players at the table where the Bad Beat was hit.
17. A player who removes his/her chips from the game prior to a showdown on a hand where a Bad Beat is won, forfeits his/her right to any prize money.
18. A player who walks away from the game but leaves his/her chips on the table will retain rights to his/her share of the Bad Beat Jackpot if a Bad Beat hand occurs.
19. Prizes won are final. No substitution or transfer of prizes permitted.
20. Mint Poker reserves the right to delay payment up to 7 days.
21. In the rare occurrence of a Bad Beat Jackpot being hit on more than one game at the same time, surveillance will be contacted to determine the actual winner. The jackpot will be distributed on each game according to the percentages set forth in rules #14 and/or #16 above.
22. Decisions of the Poker Room Supervisor are final and without recourse.
23. In the event of the multiple boards (e.g., running it twice), only the first board shall be valid for the Mint Poker Member’s Pool Bad Beat Jackpot.
24. Qualifying hands will be reduced at 6pm on their predetermined dates. By participating in the Playground Poker Bad Beat Jackpot, all winners consent to the use of their names and photographs for promotional purposes without additional compensation.
25. Any and all applicable taxes are the sole responsibility of the winner.
$25,000 MONTHLY VIP TOURNAMENT RULES
1. Each Month, Mint Poker Members can qualify for the $25,000 Monthly VIP Tournament which will be held the first Saturday of the following month at 12:00 pm. Registration opens at 9:00 am.
2. All prizes shall be paid from the Mint Poker Member’s Pool. The currently posted Bad Beat Jackpots will not be affected.
3. The total payout in the tournament will be $25,000.
4. All members will be eligible to qualify for the Tournament. Every Member will be tracked through the Poker Atlas System. It is the Players’ responsibility to ensure that they swiped their Mint Membership Card for their playing time. Management will make no adjustments for failing to be swiped in.
5. All members can qualify for this tournament each month. To qualify, a minimum of fifty (50) hours of live play must be logged during the qualifying period by each player. Every player that qualifies will receive 1,500 in tournament chips for the tournament. Players who play between seventy-five (75) and one hundred (100) hours of live play during the qualifying period will receive an additional 500 in tournament chips. Players who play between one hundred one (101) and one hundred twenty-five (125) hours of play during the qualification period receive an additional 1,500 in tournament chips. Players who play one hundred twenty-six (126) hours or more receive an additional 3,000 in tournament chips.
6. It is the responsibility of the players to ensure that their Mint Poker Membership Card is properly logged in and logged out by the Poker Room Shift Supervisor or Dealer. Time is not transferable to another player, logging time in another players name will result in a time reduction or disqualification by Management for both players.
7. Management will assign players seating positions and tables. As the tournament progresses and seats open up as players lose all their tournament chips, tables will be consolidated at the direction of Management. This process will continue until one (1) player ends up with all the tournament chips and that player will be the tournament winner. Management will record the other players’ order of elimination to determine the other winners.
8. The Payouts are fixed. If less than 100 players qualify for the tournament, the prize distribution will be reduced accordingly. If more than 100 players qualify, the prize pool will not be increased and a second “round one” will be required. Prizes will be distributed to the winning players as follows:
|5th through 10th||$500|
|11th through 100th||$100|
9. The game must continue until there are 10 players or less.
10. Mint Poker Code of Conduct and Rules as well as its general poker tournament rules will prevail at all times.
11. By participating in the Mint Poker Member’s Monthly VIP Tournament, all players consent to the use of their names and photographs for promotional purposes without additional compensation.
12. Any and all applicable taxes are the sole responsibility of the winner.
13. It is a requirement that all players collecting money from the Poker Plus Tournament show a valid photo identification, Boarding Pass Card and provide Management with a social security number in order to collect their winnings. Winning players who refuse to provide a social security number to Management may be subject to backup withholding in accordance with the Internal Revenue Code.
14. Management will resolve any dispute or situation not covered by these rules and that decision shall be final and binding on all participants in this promotion.
15. Management reserves the right to exclude any individual from this promotion in its sole discretion.
16. These rules or this promotion may be modified or canceled by Management at any time in its sole discretion. 20. Players must be in their assigned seats at tournament start time or are subject to be picked up.
17. All prizes will be paid from the Mint Poker Member’s Pool fund.