"Guaranteed"

[Griffyn]

From this page http://www.888pl.com.au/EventDetails.as ... 0627&TID=3, 888 is having a $3,000 GTD Aussie Millions Satellite. There are many other similar events with the GTD moniker.

And on that same page are some terms and conditions, of which number 2 states "The Guaranteed prize pool is conditional upon reaching a minimum amount of runners. This event will require 30 players for the prizes to be paid out. If this number is not reached then the event will run as a standard 888PL Challenge event with all prizes distributed as cash."

So... what does the GTD in the event title stand for if it's not guaranteed? Perhaps 888PL should refresh their memories on what "guaranteed" actually means, because from my understanding, it means you can't weasel out of what you've promised - because then it's not guaranteed.

My advice would be to drop the GTD moniker for events that aren't actually guaranteed. I imagine 888PL is simply opening itself to claims of fraud in the unlikely situation of not enough players registering to cover the guaranteed prize pool.

[maccatak11]

You raise some good points. And i agree that you shouldn't put the title of GTD on an event that required a minimum number of numbers, otherwise the tickets are simply not guaranteed.

However i dont think that 888pl are trying to con players deliberately, or 'weasel' out of anything. And it probably the case that using words like this won't illicit the most constructive response from 888pl at times.

Have you sent an email to 888pl? Or perhaps put this in the 'ask the 888pl section'?

Or was your intent to start an argument or to flame people? You might be annoyed, and i agree with you on the points you have made, but phrasing them better would work better imo.

[Garth Kay]

Definition for the verb Guaranteed -

1. Of Guarantee.[Websters]
2. To have bailed or sponsored. [Eve - graph theoretic]
3. To be notarized or qualified. [Eve - graph theoretic]
4. To have affirmed, avouched, attested, insured or declared. [Eve - graph theoretic]
5. To be concerned. [Eve - graph theoretic]
6. To be sheltered. [Eve - graph theoretic]
7. To have enforced, assured or ensured. [Eve - graph theoretic]
8. To have observed, preserved or maintained. [Eve - graph theoretic]
9. To be toasted. [Eve - graph theoretic]
10. To be interested.[Eve - graph theoretic]

Definitions applied when used as an adjective:

1. Secured by written agreement.[Wordnet]
2. Being qualified or capable. [Eve - graph theoretic]
3. Being trusting. [Eve - graph theoretic]
4. Being collateral. [Eve - graph theoretic]
5. Being sure, definite, certain, safe or foolproof. [Eve - graph theoretic]
6. Being undeniable or unquestionable. [Eve - graph theoretic]
7. Being dependable or reliable. [Eve - graph theoretic]
8. Being clear or evident.[Eve - graph theoretic]

We have agreed to fund x amount of prizes conditional upon a minimum amount of runners; there is still overlay to be had if we only meet the minimum amount of runners.

We have done this to ensure our minimum outlay, or exposure, is approx 15% of Guaranteed prize pools; if it was to surpass this then it would have an impact on the entire league structure.

I agree that it is against the norm of general operational/industry practices when the word "guaranteed" is espoused but I can also guarantee that we are not the first to do this. Satellites are generally conducted only with a minimum amount of runners and we are just trying to comply with that.

We have pasted T's and C's everywhere to ensure that everyone is fully aware of this practice and we haven't done it in small writing trying to hide it.

[Michael Ratnik]

I should also point out that there was a type in this news story and I ha just fixed this up. It was going to be guaranteed at 25 players not 30. I have fixed this up now, I am confident that we will get 40+ players to this event.

Michael Ratnik

[Conspiracy Theorist]

I am confident that we will get 40+ players to this event.

I think following Garths explanation, this comment just confuses matters.

No disrespect intended but if your confident guarantee it and be done with it.

CT

[666HARPS666]

From this page http://www.888pl.com.au/EventDetails.as ... 0627&TID=3, 888 is having a $3,000 GTD Aussie Millions Satellite. There are many other similar events with the GTD moniker.

And on that same page are some terms and conditions, of which number 2 states "The Guaranteed prize pool is conditional upon reaching a minimum amount of runners. This event will require 30 players for the prizes to be paid out. If this number is not reached then the event will run as a standard 888PL Challenge event with all prizes distributed as cash."

So... what does the GTD in the event title stand for if it's not guaranteed? Perhaps 888PL should refresh their memories on what "guaranteed" actually means, because from my understanding, it means you can't weasel out of what you've promised - because then it's not guaranteed.

My advice would be to drop the GTD moniker for events that aren't actually guaranteed. I imagine 888PL is simply opening itself to claims of fraud in the unlikely situation of not enough players registering to cover the guaranteed prize pool.

Are some people never satisfied ?
888pl put up a lot of monies for it's members , Whether it be State Finals / Grand Final or satellite events that it puts up the buy-in entry for players ,
" And on that same page are some terms and conditions " self explanatory
Just like people go out & buy a home " thats already been built / or already been home owners " & expect 1 of the grants . please read before you buy or sign any contract .
The Conditions of this event you clearly read , It is covered by the Conditions . I can't really see a problem with it

[thelaw88]

From this page http://www.888pl.com.au/EventDetails.as ... 0627&TID=3, 888 is having a $3,000 GTD Aussie Millions Satellite. There are many other similar events with the GTD moniker.

And on that same page are some terms and conditions, of which number 2 states "The Guaranteed prize pool is conditional upon reaching a minimum amount of runners. This event will require 30 players for the prizes to be paid out. If this number is not reached then the event will run as a standard 888PL Challenge event with all prizes distributed as cash."

So... what does the GTD in the event title stand for if it's not guaranteed? Perhaps 888PL should refresh their memories on what "guaranteed" actually means, because from my understanding, it means you can't weasel out of what you've promised - because then it's not guaranteed.

My advice would be to drop the GTD moniker for events that aren't actually guaranteed. I imagine 888PL is simply opening itself to claims of fraud in the unlikely situation of not enough players registering to cover the guaranteed prize pool.

Are some people never satisfied ?
888pl put up a lot of monies for it's members , Whether it be State Finals / Grand Final or satellite events that it puts up the buy-in entry for players

Fair enough regarding not grilling the league for this - I do however think it was a legitimate gripe.

But let's also not kid ourselves, 888pl does not 'put up monies' as a charitable goodwill gesture to its members - it is a business - with a good business model from the looks of it and therefore 'gives money away' in the ways mentioned for business purposes.

[Michael Ratnik]

I am confident that we will get 40+ players to this event.

I think following Garths explanation, this comment just confuses matters.

No disrespect intended but if your confident guarantee it and be done with it.

CT

Thats why this forum is here, so we can discuss things like this. I never said the business was confident, but I said that I was. In this case I see them as very different things. I have been told to limit exposure to losses, and that is what has been done.

For example, I cannot control the weather, if there is a horrible storm and only one person is willing to risk their life to play, we lose. A much more realistic example is if the SMS tool fails and we cannot communicate this to the majority of our players we will not hit even half this amount.

We are not trying to be deceitful, the terms are as clear as day. I think these are the first events we have put these kind of restrictions on due to the huge amount of money involved.

I agree, we are a business and we need make money, but this promotion is purely for players. We could quite as easily be placing people into our grand final or running regular events. We are not making any additional money on these events and our promotion costs are far greater.

Thanks Harps, and I will certainly be trying to make it down to all of these events and trying to play at least one. If you would like to discuss this further in person, I am more than happy.

Michael Ratnik.

[Michael Ratnik]

And of course good luck to all who play! I would love another big Aussie Millions Cash within our league!

[Griffyn]

Thanks for your replies all. Mostly I wanted the recognition from 888PL staff of this issue, and the thoughts of players.