Important Notice re-Cash Race

[John I]

The 3 month cash race comes to a close at midnight Saturday 31st July.
I know there will be few members who have qualified that are not playing.
We need to know who definately is not playing and taking their 50% equity.
The cut off point to tell us you are not playing will be 7pm Thursday 5th August.
If we don't hear from you by then we will assume you are playing and your chips will be in play.

[LeeBoys82]

John I've told a few people I can't make it as I fly back on the 8th so count me out mate.

[John I]

Ok Lee.
I have started a list of players not playing, i'll put you on.

[Angelfish]

John

It looks like the cash in equity will be about £18/1000 chips and the current value of the chips will be twice that.

Every non-runner increases the value of everyone elses chips, although the cash-in equity remains static. The more non runners, the more equittable it is to play.

Therefore, is it possible to publish the non runners list and update it on the forum. The point being, it becomes an additional reason not to cash in as you now have increased value?

[John I]

The List of non runners so far;

1.Lee Boys
2.Sayil Zulhayir

[Paul R]

Originally Posted by John I

The List of non runners so far;

1.Lee Boys
2.Sayil Zulhayir

Cliff, does Rule 4 apply? :-)

[John I]

The List of non runners so far;

1.Lee Boys
2.Sayil Zulhayir
3.Vince G
4.Martin Pinenov
5.Ibs latif
6.Shiva Kumar
7.Barney
8.Nick Hughes
9.Joe (King) Yau
10.Disco Dave
11.Kaz Hussain

[SageDonkey]

Just 53 runners left now.

[clarkson7]

Wow. Why so many drop outs?

[toukie]

Originally Posted by SageDonkey

Just 53 runners left now.

If another 35 drop out we'll all be in the money!

[toukie]

Originally Posted by clarkson7

Wow. Why so many drop outs?

Don't complain, every dropout increases the prize fund for the rest of us, as they are leaving half their equity behind. I guarantee I won't be dropping out, unless I'm struck down bu Asian flu or run over before Friday.

[DJDelboy]

Originally Posted by toukie

Don't complain, every dropout increases the prize fund for the rest of us, as they are leaving half their equity behind. I guarantee I won't be dropping out, unless I'm struck down bu Asian flu or run over before Friday.

{loads ducks into car, starts engine}

[TimmyLeeD]

When before would you be able to play a 53 strong field for 10k first place and get 100quid upon arrival!!!???!?!?


MBN






will be spending his blue chip on beer

[John I]

The List of non runners so far;

1.Lee Boys
2.Sayil Zulhayir
3.Vince G
4.Martin Pinenov
5.Ibs latif
6.Shiva Kumar
7.Barney
8.Nick Hughes
9.Joe (King) Yau
10.Disco Dave
11.Kaz Hussain
12.Fabio Calapo
13.Max Diato
14.Paul Stainer
15.Jack Glass

[LeeBoys82]

Hold off for a few days and I'll be there. 

[SageDonkey]

Runners dropping out and cashing in their equity at a discount to its real value (as per the pre defined rules of the comp.) does not increase the prize fund, it reduces the prize fund.

However, the equation is more attractive to the remaining runners because our equity value increases.

[dagnammit]

the prize pool is getting decimated. it's a shame. i know our equity increases, but it is greater equity in a smaller prize pool, so.... meh.

[dagnammit]

also: if there are only 45 runners, will 18 places still be getting paid and will it still be a two day event?

[SageDonkey]

Originally Posted by dagnammit

the prize pool is getting decimated. it's a shame. i know our equity increases, but it is greater equity in a smaller prize pool, so.... meh.

Very true Phil, now just 49 runners. But I think when we get the final update it will still look very attractive. We've lost about 22% of the field but the prizepool is maybe down by only about 14%. I'll happily take that equation any day of the week.

I asked Barry about the 18 places thing a few days ago and he said that 18 places definitely get paid. The day 2 thing though, I don't know?

We may have to eat 14 chicken drumsticks each. In preparation for this I started a water only diet at 1 p.m. today.

[John I]

We will be paying top 18 as stated. We will be flexible wether it finishes on the night or bring back x amount of players for Saturday.