I’ve received a couple of e-mails regarding the formula that’s being used for the Chip Board Poker Tournament Leaderboard. I am using the formula used by Party Poker for their tournaments. It looks like this:

15 * (sqrt(sqrt(BI)) * (NP-6)/R)

where: BI is the tournament Buy-In, NP is the number of players in the tournament, and R is the Rank the player finished.

Here’s an example of how the formula works for the first-place finisher:

The square root of the square root of 10 (the buy-in) is 1.778279
The number of players (25) – 6 = 19
19 divided by 1 (the rank of the first-place finisher) is 19
15 times 19 times 1.778279 = 506.81

For the second place finisher:
19 divided by 2 is 9.5
15 times 9.5 times 1.778279 = 243.40

You’re basically calculating the first-place points as a function of the number of tournament entries (since the buy-in will remain $10 throughout the 10 rounds of the tournament). Divide that number by your rank, and there’s your points.