WagerWeb BJ Tourney Jan14-16, $5K

I found another online blackjack tournament that looks worthwhile.

This one is January 14th to 16th, with $5000 in prizes. It's at WagerWeb.
The prize structure is:
1st = $2000
2nd = $1200
3rd = $700
4th = $500
5th = $200
6th = $150
7th = $100
8th = $75
9th = $50
10th = $25

Rankings are based on the average ratio of wins to bets on each hand. For example, if you bet $10 twice and win once and lose once, your ratio of wins to bets works like this: ($10/$10 + $0/$10) / 2 = 0.50 = 50%.
(This is like the recent Cherry Casino and CasinoEuro events, except those used payout/bet ratios.)

The leaderboard available at their site is empty now, but I did see it a few days ago still showing the last event's winners. I think a 50% score was good enough to take 4th place. First place was over 70% which is quite good in this format. 100 hands minimum to be eligible for prizes.

Any prize money won must be risked 10x in the casino. So, if you take first place, you'll be required to wager $20K in the casino before withdrawing. For example, 2000 hands at $10 each.

Here's the link:
WagerWeb
Click on the Blackjack Tournament logo to see the rules.

 

Good luck

If the percentages on the leaderboard look like they did last time, you'll only have to be a little lucky to finish in the money.

We may have a bigger edge than usual in this event because WagerWeb is primarily a sportsbook. Many of the players may not play blackjack often, so basic strategy might be a rarity. I think the same was true at the recent Betcom tournament.

 

Correct

Yes, as I understand it, there is no benefit to doubling.

 

Leaderboard running

This event has begun, and the leaderboard is now available.
First place currently has a score of 50.58.

View leaderboard.

 

I bet you're viewing at 800x600

If your screen resolution is 800x600, you won't see the leaderboard unless you scroll to the right. That's probably it.
Just in case, I've attached an image of the leaderboard. (Don't use this info, as it won't update as things change!)

 

Push = Loss

As I guessed prior to the event, only wins count. A push is the same as a loss; both add a zero-win hand to your score. I'm sure that surrender would be equal, so you shouldn't.

In case it's still not clear...

Bet $2, win $2.
Bet $2, push, no win.
Bet $2, lose, no win.
Bet $2, Blackjack, win $3.

Their formula is:

100 X [($2/$2 + 0/$2 + 0/$2 + $3/$2) / 4 hands ]
= 100 X (2.5/4)
= 62.5

A minimum of 100 hands is required. I'm in third place at the moment. I'm AF2173 on the leaderboard.

 

Wtg!

Nice job! I hope you hang on to the top spot!

 

Leaderboard not updating immediately

FYI:
I noticed earlier today that the leaderboard wasn't updating immediately, unlike yesterday. I emailed to ask and got this response:
"Nothing wrong. It should be updated later on today."

Whatever the case, be aware that you won't be able to see the effect of your play immediately. The leaderboard has been the same for at least 3 hours now.