The Festival Tallinn

Buy-in: the tournament's entry fee. Total buy-in includes every declared entry, re-entry and add-on in the listing.

Entries: the number of entries the player has declared for the same event, the first entry plus any re-entries. Every entry counts toward the total buy-in you back. If the player uses fewer entries than declared, the money for the unused ones is refunded in the final settlement, including the markup, so you get back exactly what you paid for them (share × cost × markup).

Markup: the price premium the player sets for the share. 1.25× means you pay 25% extra; 1× is no premium. It's a price, not a verified measure of skill or expected return, and does not give you any right to reimbursement for the player's travel, accommodation or other personal expenses.

Share (%): your piece of the player's winnings. Buy 5% and you get 5% of every prize. Your cost is share × buy-in × markup, calculated for you before you send.

Taken (%): the share that's taken: both confirmed (paid, active) shares and reserved shares where the player has said yes but payment hasn't arrived yet. Terms lock at reservation, so both count as taken, but a stake becomes active only once the player confirms payment has been received. "Available" above shows only what can actually be bought right now.

Settling: after play, the player reports the result and sends each backer their share. The backer then confirms receipt on Pebel. Money always moves directly between the parties. Pebel never touches it.