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October 9–13, 2014 $1,000,000 Prize Guaranteed
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Prize Fund

MILLIONAIRE CHESS > Prize Fund

Prize fund: $1,000,000 absolutely guaranteed!

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Open section

Champion – $100,000

2nd place – $50,000
3rd place – $25,000
4th – $14,000
5th – $8,000
6th – $4,000
7th to 20th – each $2,000
21st to 50th – each $1,000

2350-2499

1st place – $40,000
2nd place – $20,000
3rd place – $10,000
4th place – $5,000

Under 2350
1st place – $40,000
2nd place – $20,000
3rd place – $10,000
4th place – $5,000

Total payout in Open section (3 divisions): $409,000

Under 2200, U2000, U1800, U1600

1st place – $40,000
2nd place – $20,000
3rd place – $10,000
4th place – $5,000
5th place – $3,000
6th place – $2,000
7th to 20th – each $1,000
21st to 50th – each $600

Payout in each section: $112,000

Total payout in all four sections: $448,000

Under 1400 Section

1st place – $24,000
2nd place – $12,000
3rd place – $6,000
4th place – $4,000
5th place – $3,000
6th place – $2,000
7th to 20th – each $1,000
21st to 50th – each $600

Top Under 1200
1st place – $20,000
2nd place – $10,000
3rd place – $6,000
4th place – $4,000
5th place – $2,000

Top Under 1000

1st place – $8,000
2nd place – $4,000
3rd place – $2,000
4th place – $2,000
5th place – $2,000

Total payout in U1400 section (3 divisions): $143,000

Total prize payout: $1,000,000

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To summarize, all six sections will have guaranteed prizes down to the 50th place. In addition, the Open section will have prizes for the top four places for those players rated 2350 – 2499 and for players rated under 2350. Those are not two separate sections — they are part of the Open Section and those prizes are in addition to the top 50 places. Those four places will also be decided on Millionaire Monday.

The U2200, U2000, U1800 and U1600 are four separate sections. The top four places in these sections will be decided in the Semifinals and Finals on Millionaire Monday.

The U1400 is one big section for all players rated below 1400 (Unrated players are only allowed in the Open and U2200 section). There are prizes for U1200 and U1000 as well, making it three different divisions within the same section (much like the Open section). The top four in all three divisions will play on Millionaire Monday to decide who takes home the the first four places. There will be no tie for first, second, third or fourth in any section of the Millionaire Chess Open.

Side Prize Giveaways

“The Hawaii 5-0 Prize”

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The winner will be drawn from a pool of players from all sections who manage to complete the “Hawaii 5-0” by winning his/her first 5 games in the first 5 rounds of the tournament. The prize is consistent with MC’s mission to promote fighting chess in exciting destination spots around the globe. For more information, see here.

“The MC Belize Vacation Prize”

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Millionaire Chess is pleased to announce the MC Belize vacation prize, which will go to one of the participants of this year’s Millionaire Chess Open. The winner will be drawn from a pool of players from all sections who score 5 or more points in the tournament. Players with scores higher than five will have a progressively greater chance of winning the prize, with each half point being given one extra straw in the hat. The prize is consistent with MC’s mission to promote fighting chess in exciting destination spots around the globe. For more information, see here.

 



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