How to take part in the tournament?

There are several kinds of tournaments which are hosted by Binomo platform. The first type requires only the entrance fee and real account status that proves the legal reliability of the participant. For the second category, however, the user should have the advanced “Gold” or “VIP” membership, and enough funds to cover the entrance expenses. The detailed descriptions are available from the event pages, explaining the complete requirements.

Inside of the tournament page, the applicant gets to see the estimated time, entrance fee, the funding for prizes and a list of possible winners with money distribution. Also, it will disclose some of the competition details, like starting balance, rebuy opportunities, estimated cost and so on.

Prize fund

Although the prize pool total amount may seem significant, the actual distribution varies from one tournament to another. In such way, with the grand pool, there will be more rewarded participants with approximately equal distributions, while more humble competitions can include less winners, but with impressive soloed rewards.

Starting balance

As the competition’s goal is to set the applicants into equal conditions, there will be a separate dashboard for the tournament’s goal, equal starting capital and full freedom in the investments. Each user is free to decide how exactly the fund will be distributed, whether it is worth concentrating on one point or share the capital among several fields.

Rebuy cost

To have a safe landing in case of losing the accumulated funds, the Binomo offers the feature of rebuys, which is available throughout the majority of competitions. Surely, its use will be reflected during the result calculations, together with total amount of such refills, but, with wise use, it is possible to change the tides of the tournament in a couple of moves.

Participants

When the event is still on the registration step, the user gets to see the current number of the participants. Depending on it, it is easier to calculate the chances for winning, weight the advantages and drawbacks, and make the final decision. Even without including the prize factor, it is a good opportunity to check the current proficiency in trading and see the possible ways of how the funds can be distributed in the most effective ways.

Start of the tournament

From the general information about tournaments, the user can see the countdown which signifies the beginning of a competition selected. If there are any difficulties in calculating, then, alternatively, from the details the participant can see the exact date of event beginning.

End of the tournament

In general, the competitions take around two or three weeks for more exact insight on the participants’ achievements over the selected period. From the event page, the user can review the information about when should the competition end – the final time should not exactly correspond to the beginning point.

Tournament conditions

In addition to the listed points, there can be set the individual conditions which should be achieved or followed along the tournament. They may include the possible goal, additional factors in determining the winner, limitations on the rebuys or any other information that has the potential of changing the course of events and selecting the unexpected winner who has met all the requirements.