SYSTEM AND METHOD FOR ADMINISTERING TOURNAMENTS

摘要

A system and method of administering tournaments includes providing a website at wherein multiple users (e.g. players) can compete in a poker style card game. The method includes predetermining an entry fee for each player, the type of game in which the players will compete and the associated event outcome for determining a winner. The method proceeds by determining a payout structure in response to the predetermined entry fee and the number of players and then providing a mechanism to allow each player to link a payment vehicle with the website to pay the fee. A forum is provided within the website that allows the players to compete. A point-leader and at least one stakeholder are identified based on an evaluation of the event outcome. A point-leader prize money and at least one stakeholder prize money are determined and transferred to the associated payment vehicles.