Official *Party Screwed Monster Seat Holders* Thread

[fishy75]

damn it i wished i woulda won more monthly freeroll entries!!!

[TheNoodleMan]

[ QUOTE ]
Screwed maybe, but, I got the seat for free for answering the 10 questions in the promo a while back (thanks 2+2'ers) and as I am Eurpean, I probably wouldn't have bothered staying up until 4am or whatever time it was on it. Works for me...

[/ QUOTE ]

What's funny is that you could have registered for a weekly and blinded your way into a monthly seat while you slept.

[SashaCat]

I can see in "My Account" under "Freeroll Activity" that I have a Monthly freeroll available, and a weekly one as well, but then below that it says there are no freerolls that I can convert. How were other people able to convert these?

[SoloAJ]

You guys realize that in their method they paid out the $1mil freerolls and the 100k freerolls...

I think some of you forgot to factor in that additional $9,000,000. They kept like 2/3 of what they advertised.

[NewGuy]

[ QUOTE ]
You guys realize that in their method they paid out the $1mil freerolls and the 100k freerolls...

I think some of you forgot to factor in that additional $9,000,000. They kept like 2/3 of what they advertised.

[/ QUOTE ]

I do realize that. I'm 99% sure I included the value of the $1 Million in the Monthly (by adding $125 in value to each monthly seat to the 1/8th of the Final Seat calue) and likelwise for the Weekly.

And yes, I 100% agree that they did keep a very large share of what was advertised.

[SoloAJ]

I definitely just asked a guy on support and he stammered and put me on hold twice...then said he would transfer me...and it disconnected me....I'm trying again. And definitely not ever saying my Account name.

[NewGuy]

[ QUOTE ]
I definitely just asked a guy on support and he stammered and put me on hold twice...then said he would transfer me...and it disconnected me....I'm trying again. And definitely not ever saying my Account name.

[/ QUOTE ]

Maybe every time they get a call from someone about this, it may boost our odds a tiny bit of someone bothering to look at it.


If anyone agrees Party that underpaid and wants to email Party, feel free to use whatever you like from the email I just sent below


Hello,

Please address this large underpayment for Party Monster Seats.

A large group of players in the 2+2 community agrees that the amount of money paid out as compensation for the Party Monster freerolls was grossly unfair.

The approximate fair / expected value of Monster seat payouts are as follows below.

Executive Summary:

Grand Finale (May 2007) seats value = ~$5,000 (vs $1,800 paid)
Monthly seats value = ~$750 (vs. $350 paid)
Weekly seats value = ~$200 (vs. $100 paid)

Please note that these estimates are based on final prize pool of $14.5 Million and 10,000 weekly Monster seats left outstanding. To the extent there are fewer weekly seats, these values would increase correspondingly.



Payouts (actual vs "Fair"):

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
Fair Total Payment = $14.5 Million Monster Prize pool

Where did the other $8.2 Million promised to players go?


Detailed Calculation methodology:

Let W$ = Weekly seat $ value
M$= Monthly seat $ value
GF$ = Grand Final seat $ value

- 8,000 Monthly seats -> 1,000 Grand Final seats + $1 Million , therefore M$ = (GF$ x 1,000 + $1,000,000) / 8000 = 1/8 GF$ + $125
- 8,000 Weekly seats -> 2,000 Monthly seats + $100k, therefore W$ = (M$ x 2,000 + $100,000) / 8000 = 1/4 M$ + $12.50.
- Substitute 1/8 GF $ + $125 for M$ into above and you get W$ = 1/4 (1/8 GF + $125) + $12.50 = 1/32 GF$ + $43.75

So to sum up values that we know:
W$ = 1/32 GF$ + $137.50
M$ = 1/8 GF$ + $125
Total Prize Pool = ~$14.5 Million
# of Grand Final seats outstanding / to be paid = 1,000
# of Monthly seats to be paid = 10,000 (9 weekly qualifiers x 2,000 – 8,000 for 1 monthly run)
Weekly Seats outstanding / to be paid = ?

Formula for total prize pool distributed should be:
Total = Grand Final seats * GF$ + Monthly seats * M$ + Weekly Seats * W$

$14,500,000 = 1,000 * GF $ + 10,000 * (1/8 GF $ + $125) + WeeklySeats * (1/32 GF $ + $43.75)

Solving for GF $, we get:
$14,500,000 = GF$ * (1,000 + 1,250 + 1/32 WeeklySeats) + $1,250,000 + WeeklySeats * $43.75

$13,250,000 - WeeklySeats * $43.75 = GF $ * (2,250 + 1/32 * WeeklySeats)

GF $ = ($13,250,000 - WeeklySeats * $43.75) / (2,250 + 1/32 * WeeklySeats)


Final calculation
Plugging in a value of WeeklySeats = 10,000

Grand Final seat value = ($13,250,000 - $875,000) / (2,250 + 10,000 / 32) = $5,000
Monthly seat value = $750
Weekly seat value = 200

If weekly seats outstanding are only 4,000, then we get
Grand Final seat value = ($13,250,000 - $875,000) / (2,250 + 4,000 / 32) = $5,505
Monthly seat value = $813
Weekly seat value = $216

If weekly seats outstanding are 20,000, then we get
Grand Final seat value = ($13,250,000 - $875,000) / (2,250 + 20,000 / 32) = $4,304
Monthly seat value = $663
Weekly seat value = $173

[bigj0e03]

[ QUOTE ]
Dudes, you should be very happy they're paying anything at all. They coulda just kept all the monster mobneys.

[/ QUOTE ]

Are you [censored] serious. This is the dumbest post ive read ever. Even if you subtract the 5 million seed money. The have been raking extra at the monster tables for a month for a grand total of 9 million dollars, they have to pay this money back or its just straight up stealing. You are saying that we are lucky that party didnt just steal 9 million dollars???? Not to mention the promised 100k for each weekly and the 1.25 million for each monthly. They stole well over 10 million dollars and your dumb ass says we should be "happy"? They are a publicly traded company you dumb [censored], they cant just steal money. There should be a class action law suit over this. Seriously, if anyone is a lawyer you could make a bunch of money if you take this to court in England.

[FieryJustice]

Im in for going to England to court. I am going to be calling all the people I know at party and sending emails to all the ones i dont.

[bigj0e03]

Why arent you counting the 100k for each weekly, the 1 million for each monthly into this count? Party should have paid out ~25million and they paid out 6million. Not only did they not pay out their required freerolls that they promised to pay (100k each weekly, 1m each monthly etc) they did not even pay out the full amount of money they have been collecting (now stealing) from the monster tables for the last month. They collected approximately 9million dollars from people and they paid out 6million.....unbelievable.