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So how do they explain the pay outs? I get the membership fees and such, but there must be payouts for winners or since the events are free they are allowed to pay out cash?
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Thats the big question... and I think they are paying out because the events are "free". The question I have (which has not been answered yet) is whether these "free" tournaments are limited to those who are members. If thats the case, then they are treating the membership fee as a buyin, and paying out from that. Cant imagine that scheme wouldnt get busted.