The tournament features six former Jeopardy! champions competing round-robin style, with the first season consisting of 10 hour-long episodes featuring two games each, for a total of 20 games. [12] [13] [14] Initially, the producers intended to structure the tournament as a pure round-robin system with every possible combination of three players (
), without eliminations. [12] This was adjusted to a three-round structure prior to production. In the second season, the number of episodes was reduced to nine (eighteen games total), with the same overall structure. [4]
Unlike traditional Jeopardy!, which is scored in dollars, all of the games in this tournament are scored in points, just like in Super Jeopardy!, the first two seasons of Rock & Roll Jeopardy! , Sports Jeopardy!, and Jeopardy! The Greatest of All Time .
The producers have also used Jeopardy! Masters to experiment with variations to the Jeopardy! format. In the first season, each round began with the revelation to the television audience of the location of that round's Daily Double(s); this did not continue in the second season. [15]
Quarterfinals
The quarterfinals consist of several round-robin matches of two games each; in each episode, three of the contestants play each other in the first game, and the remaining three play in the second game. The winner of each game receives three match points, the runner-up receives one match point, and the third player receives no match points. The second game of each episode except for the first pairs up the winners from the previous episode against another randomly-selected contestant who has not already played against both winners.
After all quarterfinal episodes, the match points are totaled; the top four contestants advance to the semifinals, while the other two are eliminated from the competition.
There were seven quarterfinal episodes in the first season, and six episodes in the second season.
Semifinals
The four remaining contestants play each other round-robin over four games, with each player sitting out one game. Each player's match points total is reset to zero, and, as in the quarterfinals, the winner of each game receives three match points, second place receives one, and last place receives none. The three highest-ranked players move on to the finals, while the lowest-ranked player is eliminated.
Finals
The three remaining players play each other in a two-game match, as is standard in the final round of most Jeopardy! tournaments. The player with the highest combined score over the two games is declared champion. Furthermore, the three players will be automatically qualified in the next edition of the tournament.
Tiebreakers
Should either the quarterfinals or semifinals end in a tie for match points, the following tie-breaking criteria are used, in order:
- Number of wins
- Number of total correct responses in that stage (including Final Jeopardy!)
- Cumulative scores, excluding Daily Double and Final Jeopardy! wagers
- Cumulative scores, excluding only Final Jeopardy! wagers
Prizes
- First place: $500,000, Trebek Trophy, and invitation to the next Masters competition [lower-alpha 3]
- Second place: $250,000 and invitation to the next Masters competition
- Third place: $150,000 and invitation to the next Masters competition
- Fourth place: $100,000 [lower-alpha 4]
- Fifth place: $75,000 [lower-alpha 5]
- Sixth place: $50,000 [lower-alpha 5]
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