The winner will get $750,000, while the loser will receive $500,000. In the comments, let us know what you think of the world championship prize fund. Are they enough to attract good players from around the world?
The world chess champion is determined by a series of match competitions called "games". A player has to win three games to become champion for some time. The last world champion to lose three games was Gustafsson in 1975. He lost against Korchnoi, but came back to win against Boleslavsky-Baratky and Euwe.
Since then, no world champion has lost three games. The last person to do so was Capablanca in 1945. He was defeated by Alekhine, but came back to win against Botvinnik and Nezhdanov.
Capablanca's title had been brought into question because he had died in August of that year, so the FIDE president decided not to award him the title. However, after Capablanca's family approved of the decision, FIDE declared him to be the new world champion.
The current world champion is Magnus Carlsen. He won his second title in 2013 by defeating Viswanathan Anand with 3 wins and 1 draw.
The payout for each tournament is determined by the number of participants. In the main event, the winner in 2018 received an amazing $8,800,000. This isn't the biggest main event payout, as Jamie Gold won the tournament in 2006 for a whopping $12,000,000. However, it is the most ever earned in one year by an individual player.
There are two other major tournaments at the WSOP: the World Championship and the Hall of Fame Award ceremony. In addition, there are also special events like the Monster Stack Challenge and the Summer Slam. The winner of the summer slam will take home $1 million dollars!
The prize list for these events can be found below:
World Series of Poker Main Event - $8,800,000 first place prize
WSOP ME High Roller - $1,111,111 second place prize
WSOP ME Super High Roller - $4,444,444 third place prize
WSOP Hall of Fame Award Ceremony - $150,000 fourth place prize
WSOP Europe Main Event - €10,000,000 first place prize
WSOPE HE Main Event - $1,111,111 second place prize
WSOPE SE Main Event - $4,444,444 third place prize
Summer Slam - $1 million fourth place prize
FIFA stated in October 2017 that the winner of the 2018 World Cup will get $38 million from a $400 million FIFA reward pool, while the runner-up would receive $28 million. If there is no champion after playing a series of playoffs, then the prize money will be split between the two teams.
The amount is based on where each country finishes in the world ranking list. The more places a country reaches, the higher the proportion of prize money they will receive. For example, if country A reaches the final and country B the quarter-finals, then 50% of the total prize fund will go to country A and 50% to country B.
In fact, since the introduction of this system in 1994, only two non-host countries have won the World Cup: France in 1998 and Germany in 2014.
All countries participating in the 2018 World Cup will be ranked according to their performance during the tournament, with the top place getting 10 points, the second getting 9 points, and so on. The ranking will be updated after each round (group stage, knockout stages) until the end of the tournament.
Then the number of points for each country will be converted into dollars using an average price per point over the course of the World Cup.
But the amount of money they stand to gain will astound you. The Tour Championship winner will get a stunning $15 million, with second place receiving $5 million. In fact, each player who finishes in the top eight will get more than $1 million in additional money. Even those who don't make it to Augusta National will still earn substantial amounts—the season-ending FedEx Cup playoffs have a potential payoff of $50 million.
The biggest factor in determining winnings is how far you advance in the tournament. If you finish first or second, your prize will be about $3 million. If you come in third, you'll receive $2 million. If you're lucky enough to finish fourth or fifth, you'll take home $1 million or more. And if you happen to miss the cut and fall back down the standings, there's always next year.
However, there are several other factors that can affect what you receive. For example, the owner of the number one seed gets home court advantage if his or she chooses to use it. Also, the player who wins the most tournaments during the season receives the BMW Classic at the end of April.
Finally, some players may opt out of certain parts of the tour for various reasons. For example, someone who prefers not to travel by plane might choose not to play in certain events.