I’m a little confused about how the guaranteed money tournaments work. It was my understanding that in a 4000$ guaranteed, that 4,000$ was the minimum amount of awards for the whole tournament, so if there was a $500.00 +$50.00 buyin that would mean the tournament would start only if 8 players joined it, because 8 × $500.00 = $4000.00. And then if 10 players joined, the total award would increase to be $5000.00.
Do I have this correct, so far?