Paid card game tournaments
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Hello, Is anyone interested in tournaments where the buy-in is, for example, 5 credits and the tournament prize pool is divided among the top three?
Doesn't this amount to gambling, which is regulated by law?
I have read the Gaming Act many times, there is an important part: A game of chance is a game that meets all of the following characteristics: 1) the condition for participating in the game is to place a bet by the player; 2) as a result of the game, the player may win; 3) the outcome of the game is determined partially or completely by an action based on chance or it depends on the occurrence of an event unknown in advance. 1) yes, there is a bet 2) In Vint, a win is a credit, which in turn cannot be converted into money. At the same time, the law states A win is the right of the player to acquire money or other benefit that has a monetary value as a result of gambling within the meaning of this Act.. Vint.ee credit has a monetary value. 3) There is also an interesting story about this. With nails, podkidnoi and a thousand, the matter is clear - there are cards that come out of the ground that you don't know (there is randomness in a game of bridge). But what is random in tournament bridge and therefore tournament chess? Is the stupidity of the opponents or a good game random? The same could be said about a game of chess - the opponent was wrong. Is the first card played in chess the occurrence of an [i]unknown event[/i] in the context of this law? Who thinks anything?
Chess tournaments held in Estonia have an entry fee and also cash prizes. I don't know if this can also be applied to card games.
The outcome of the game is partially or completely determined by the cards you receive - it's better to ask your wise lawyer friends for advice.
Income tax must be withheld from cash prizes at chess tournaments and transferred to the state budget.
[i]posted by Mets58[/i] The outcome of the game is partially or completely determined by the cards you receive - better ask your wise lawyer friends for advice
Doesn't this apply to tournament bridge and tournament poker?
3) In tournament poker or tournament bridge, the outcome is certainly determined by an action based partly on randomness. The player does not know the other cards at the moment of decision, so the cards of the other players are random for him. He has partial information about the cards in the form of the bid and previous moves. In chess, the player has complete information. Therefore, the action is not based on randomness. This does not exclude that the action itself is random. 2) How do you estimate the value of a good that can be bought but not sold? What is the monetary value of Vint.ee credit? In my opinion, this value does exist, but it is equal to zero. Let's say I have 1,000,000,000 credits. Am I a millionaire then?
3) "Random action" can of course be understood in other ways. Dealing cards to players is based on randomness (e.g. saskus/podkidnois etc.). The player with good cards has an advantage. However, in Tournament Sasku, the players are dealt the same cards. The result itself is not determined by this, not even partially, because good cards do not give any advantage. Good thing I'm not a lawyer. This twist of words seems quite complicated :)
If you could buy that many credits (1000000000), you are therefore a millionaire:DDD
[i]posted by cauchy[/i] 3) In tournament poker or tournament bridge, the outcome is certainly determined by an action based partly on randomness. The player does not know the other cards at the moment of the decision, so the cards of the other players are random for him. He has partial information about the cards in the form of the bid and previous moves. In chess, the player has complete information. So the action is not based on randomness. This does not exclude that the action itself is random. 2) How to estimate the value of a good that can be bought but not sold? What is the monetary value of Vint.ee credit? In my opinion, this value does exist, but it is equal to zero. Let's say I have 1000000000 credits. Am I then a millionaire?