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FIFA 13 UT Wager Tournaments! Max Win 2 Million Coins!

Hey NGU! Here's my thread that I've been wanting to start for a while now. It consists of all the different wager tournaments, all varying in prize coins for the winners. It is Xbox 360 only and each competition has a buy in. However, the lower the buy in, the lower the eventual prize if you see what I mean. Each different tournament is below and if you do want to enter any, with it being 16 max for each then private message me here on NGU.

If enough people join a certain competition, then hopefully it can be done through group stages and knockout rounds afterwards. When people have joined I will use random.org to produce a roster.

Tournament 1:
Buy In - 1,000 coins
Winning Reward - 10,000
Current Players

Tournament 2:
Buy In - 5,000
Winning Reward - 50,000
Current Players

Tournament 3:
Buy In - 10,000
Winning Reward - 100,000
Current Players

Tournament 4:
Buy In - 50,000
Winning Reward - 500,000
Current Players

Tournament 5:
Buy In - 100,000
Winning Reward - 2,000,000
Current Players

Not being funny, but how do you do the maths?

16 players buying into the tournament 5 @ 100.000 each it's a total of 1.6 million, you funding the other 400k for the winner?

Before this goes ahead I'd like to ask how the coins are being managed and how there is some sort of guarantee?

You could easily run off with the coins wagered and payout no one, regardless of who wins.

Well at the moment no one's showed interest so I doubt it would go ahead at all, but yes I handle the coins and add the extra 400k for the highest winning tournament.

What if 16 people buy into tournament 1 16k coins 10k goes to winner who gets the other 6k.