MC3 Prize Fund

Find more details on the prize fund here.

TOTAL PRIZE FUND - $306,000 (Guaranteed for MC #3)



OPEN SECTION 
1st place – $30,000$30,000.00
2nd place – $15,000$15,000.00
3rd place – $8,400$8,400.00
4th – $5,400$5,400.00
5th – $3,600$3,600.00
6th – $2,400$2,400.00
7th – $1,200$1,200.00
8th – $900$900.00
9th to 20th – each $600$7,200.00
21st to 40th – each $360$7,200.00
Sub-total$81,300.00
  
2400-2549 
1st place – $12,000$12,000.00
2nd place – $6,000$6,000.00
3rd place – $3,600$3,600.00
4th place – $1,800$1,800.00
5th place – $900$900.00
Sub-total$24,300.00
  
Under 2400 
1st place – $12,000$12,000.00
2nd place – $6,000$6,000.00
3rd place – $3,600$3,600.00
4th place – $1,800$1,800.00
5th place – $900$900.00
Sub-total$24,300.00
  
TOTAL in the 3 OPEN sections$129,900.00
  
  
U2200, U2000, U1800 
1st place – $12,000$12,000.00
2nd place – $6,000$6,000.00
3rd place – $3,600$3,600.00
4th place – $1,800$1,800.00
5th place – $1,200$1,200.00
6th place – $900$900.00
7th place – $720$720.00
8th place – $480$480.00
9th to 20th – each $360$4,320.00
21st to 40th – each $300$6,000.00
Sub-total for each section of the U2200, U2000, U1800$37,020.00
  
TOTAL in U2200, U2000, U1800$111,060.00
  
Under 1600 Section 
1st place – $10,800$10,800.00
2nd place – $5,400$5,400.00
3rd place – $3,000$3,000.00
4th place – $1,800$1,800.00
5th place – $1,200$1,200.00
6th place – $840$840.00
7th place – $600$600.00
8th place – $480$480.00
9th to 20th – each $360$4,320.00
21st to 40th – each $300$6,000.00
Sub-total for U1600$34,440.00
  
Top Under 1400 
1st place – $7,200$7,200.00
2nd place – $3,600$3,600.00
3rd place – $1,800$1,800.00
4th place – $1,200$1,200.00
5th place – $900$900.00
Sub-total for Top Under 1400$14,700.00
  
Top Under 1200 
1st place – $4,800$4,800.00
2nd place – $2,400$2,400.00
3rd place – $1,200$1,200.00
4th place – $900$900.00
5th place – $600$600.00
Total for Top Under 1200$9,900.00
  
TOTAL in U1600$59,040.00
  
  
Tie Break Consolation for Open Section Only$2,400.00
Biggest upset prize$480.00
Mixed Double$600.00
Best dress for man ($60 X 4 days)$240.00
Best dress for woman ($60 X 4 days)$240.00
Best dress for child under 18 years old ($60 X 4 days)$240.00
Top female Prize (OPEN)$600.00
Top female Prize (U2200)$300.00
Top female Prize (U2000)$300.00
Top female Prize (U1800)$300.00
Top female Prize (U1600)$300.00
  
Total for Special Prizes$6,000.00
  
  
FINAL TOTAL$306,000.00
Less Special Prizes$6,000.00
Total use for calculating pay out percentage$300,000.00
  
  
NEW PRIZE: REDEMPTION JACKPOT 
The percentage below is of the total fees collected for the Redemption Jackpot pool 
  
1st place25%
2nd place20%
3rd place15%
4th place10%
5th place5%
TOTAL75%
  
  
Special Prize to youngest participant sponsored by Sri Chess Academy$500

 

Mixed Doubles

Millionaire Chess would like to announce the Mixed Doubles Prize at the Millionaire Chess Open. One team of two players – one male and one female – will take home a $600 prize for the top score at the tournament. The teams may include players from different sections, and the average team rating must be less than 2200. Teams must be submitted on registration. May the best team win!
 

Rules for the MC Mixed Doubles Prize

  1. Teams must have an average rating under 2200.
  2. Average ratings are not rounded (so a team with average 2199.5 is fine).
  3. Players in “Under” sections must use their wall chart rating to calculate the average.
  4. Players in Open section will use their FIDE rating to calculate the average. (If the player doesn’t have a FIDE rating, the assigned rating will be used.)
  5. Unrated players or Provisionally Rated players are calculated with 2200 rating for the purposes of this prize.
  6. Once a player has started their first round, regardless of schedule, that player cannot switch teams.
  7. Both players on the team must fill out and sign the registration form.
  8. Standings through the previous round will be updated during the current round.
  9. There are no “class” prizes – all teams play for the same pool of prizes.
  10. The mixed doubles prizes are considered separate “special” prizes, so a player can win both a mixed doubles prize and a section prize.
  11. The Chief Arbiter reserves the right to make on site decisions about any aspect of these rules that he deems necessary to maintain the integrity of the competition.