My email to Party:
To:
[email protected] <
[email protected]>;
[email protected] <
[email protected]>;
[email protected] <
[email protected]>
Subject: I expect additional compensation credited for my Party Monster Seats
Dear Sir/Ma'am,
I am writing as I am concered about the large underpayment for Party Monster Seats. The amount of money paid out as compensation for the Party Monster freerolls was groossly unfair. Your calculations on the website of fair EV are incorrect as the Grand Final at this stage does not have 8000 entrants and due to the culmulative nature of the monster prizepool, once there was 8000 people qualified, the prizepool would be much larger.
What was actually paid by Party:
1,000 Grand Final x $1,800 = $1.8 Million
10,000 Monthly x $350 = $3.5 M
~10,000 Weekly x $100 = $1.0 M
Total Actual Paid = $6.3 Million
Where did the other $9.7 Million promised to players go? The total fair payment should allow the entire prizepool to be paid out.
The EV calculations listed
https://secure.partyaccount.com/mons...er_monster.htm are similar to saying it would be fair if I qualified for a tournament which had a 1000 player cap and the tournament was cancelled beforehand with only 200 registrants who had themselves contributed $2000 to the prizepool to only compensate each registrant $2 because the EV was $2000/1000 players?
I understand that as Party Poker is a publicly listed company and due to US legistlation changes it needed to cancel the Monster. I accept this, however this Monster payout demonstrates a total lack of integrity of Party Poker and although as an Australian resident I can still play at Party Poker, I will choose not to unless the compensation for my Party Monster Seats is refunded fairly.
Yours Sincerely,