diff --git a/docs/ARCHITECTURE_TOURNAMENT_RAKE.md b/docs/ARCHITECTURE_TOURNAMENT_RAKE.md
new file mode 100644
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@@ -0,0 +1,433 @@
+# Tournament Rake + Prize Percentage Architecture
+
+## Overview
+
+This document describes the architecture for adding a **tournament rake** (house share) to the prize distribution system. The tournament rake is a percentage of total entry fees withheld by the house before the remaining pool is distributed to players according to the `prizes` percentage schedule.
+
+### Key Concept
+
+```
+total_entry_fees = buy_in × num_players  (× num_tables for MTT)
+prize_pool       = total_entry_fees × (100 - tournament_rake_percentage) / 100
+house_rake       = total_entry_fees - prize_pool
+payout_N         = prize_pool × prize_percentage_N / 100
+```
+
+---
+
+## Current State
+
+The uncommitted changes on `master` already converted [`prizes`](holdem_core/src/game/config.rs:385) from absolute chip amounts to **percentages of the prize pool**. The current [`to_prize_structure()`](holdem_core/src/game/config.rs:535) computes:
+
+```rust
+prize_pool = buy_in * num_players   // or buy_in * num_players * num_tables for MTT
+prizes     = percentages.map(|pct| (prize_pool * pct / 100.0).round())
+```
+
+There is **no** tournament rake concept. The entire entry fee pool is redistributed to players.
+
+The existing [`rake_percentage`](holdem_core/src/game/config.rs:338) and [`RakeConfig`](holdem_core/src/game/config.rs:51) are for **cash game hand rake** — a percentage taken from each pot at showdown. This is a completely separate mechanism.
+
+---
+
+## Data Flow
+
+```mermaid
+flowchart TD
+    A[TOML Config] --> B[GameConfig]
+    B --> C[to_prize_structure]
+    C --> D[Compute total_entry_fees]
+    D --> E[Apply tournament_rake_percentage]
+    E --> F[prize_pool = total_entry_fees * 100 - rake / 100]
+    E --> G[house_rake = total_entry_fees - prize_pool]
+    F --> H[Distribute prize_pool by prizes percentages]
+    H --> I[PrizeStructure with absolute chip amounts]
+    G --> J[PrizeStructure.rake_amount for reporting]
+    I --> K[Tournament uses prizes for payouts]
+    J --> L[Stats tracking: house_rake collected]
+```
+
+---
+
+## Design Details
+
+### 1. New `GameConfig` Field
+
+**File:** [`holdem_core/src/game/config.rs`](holdem_core/src/game/config.rs:283)
+
+Add a new field to [`GameConfig`](holdem_core/src/game/config.rs:284):
+
+```rust
+/// Tournament rake percentage (0–100). The house share withheld from the
+/// prize pool before distribution. For example, `10` means the house keeps
+/// 10% of total entry fees and the remaining 90% forms the prize pool.
+///
+/// This is separate from `rake_percentage` which is per-hand cash game rake.
+/// Default: 0 (no tournament rake).
+#[serde(default)]
+pub tournament_rake_percentage: u8,
+```
+
+**Serde behavior:** `#[serde(default)]` means the field defaults to `0` when absent from TOML. Existing configs without this field work identically to today — full backward compatibility.
+
+**Default impl:** Add `tournament_rake_percentage: 0` to the [`Default for GameConfig`](holdem_core/src/game/config.rs:397) block.
+
+**Type choice `u8`:** A `u8` supports 0–100%, which is the valid range. Values above 50 will produce a validation warning. Values of exactly 100 would yield a zero prize pool, which validation should catch.
+
+### 2. Updated `to_prize_structure()` Logic
+
+**File:** [`holdem_core/src/game/config.rs`](holdem_core/src/game/config.rs:535)
+
+The current method at line 535 needs two changes:
+
+#### a) Custom prizes path (line 536–550)
+
+```rust
+if !self.prizes.is_empty() {
+    let num_players = self.bots.len().max(2);
+    let total_entry_fees = match self.game_type {
+        GameType::MultiTableTournament => {
+            self.buy_in * num_players as ChipCount * self.num_tables as ChipCount
+        }
+        _ => self.buy_in * num_players as ChipCount,
+    };
+
+    // Apply tournament rake
+    let rake_pct = self.tournament_rake_percentage as f64 / 100.0;
+    let prize_pool = (total_entry_fees as f64 * (1.0 - rake_pct)).round() as ChipCount;
+    let house_rake = total_entry_fees - prize_pool;
+
+    let prizes: Vec<ChipCount> = self
+        .prizes
+        .iter()
+        .map(|&pct| (prize_pool as f64 * pct as f64 / 100.0).round() as ChipCount)
+        .collect();
+
+    PrizeStructure::with_rake(prizes, house_rake)
+}
+```
+
+#### b) Standard prize paths (line 551–561)
+
+The [`standard_sng()`](holdem_core/src/game/tournament.rs:168) and [`standard_mtt()`](holdem_core/src/game/tournament.rs:190) methods also compute `prize_pool = buy_in * num_players` internally. They need to accept the rake percentage as a parameter:
+
+```rust
+PrizeStructure::standard_sng(self.buy_in, num_players, self.tournament_rake_percentage)
+PrizeStructure::standard_mtt(self.buy_in, total_entries, self.tournament_rake_percentage)
+```
+
+Inside these methods, the prize pool computation becomes:
+
+```rust
+let total_entry_fees = buy_in * num_players as ChipCount;
+let prize_pool = (total_entry_fees as f64 * (1.0 - rake_percentage as f64 / 100.0)).round() as ChipCount;
+let house_rake = total_entry_fees - prize_pool;
+```
+
+### 3. `PrizeStructure` Changes
+
+**File:** [`holdem_core/src/game/tournament.rs`](holdem_core/src/game/tournament.rs:150)
+
+Add an optional `rake_amount` field for reporting:
+
+```rust
+#[derive(Debug, Clone, Serialize, Deserialize)]
+pub struct PrizeStructure {
+    /// Prize amounts ordered from 1st place to last paid position.
+    pub prizes: Vec<ChipCount>,
+    /// House rake withheld from the prize pool (0 when no tournament rake).
+    #[serde(default)]
+    pub rake_amount: ChipCount,
+}
+```
+
+**New constructor:**
+
+```rust
+/// Creates a prize structure with rake information.
+pub fn with_rake(prizes: Vec<ChipCount>, rake_amount: ChipCount) -> Self {
+    Self { prizes, rake_amount }
+}
+```
+
+**Updated existing constructor:**
+
+```rust
+pub fn custom(prizes: Vec<ChipCount>) -> Self {
+    Self { prizes, rake_amount: 0 }
+}
+```
+
+**New accessor:**
+
+```rust
+/// Returns the total entry fees (prize pool + rake).
+pub fn total_entry_fees(&self) -> ChipCount {
+    self.total_prize_pool() + self.rake_amount
+}
+```
+
+### 4. Validation Rules
+
+**File:** [`holdem_core/src/game/config.rs`](holdem_core/src/game/config.rs:568) — [`validate()`](holdem_core/src/game/config.rs:568) method
+
+Add the following warnings:
+
+| Condition | Warning Message |
+|-----------|----------------|
+| `tournament_rake_percentage > 0 && game_type == Cash` | `tournament_rake_percentage is set but game type is Cash. Tournament rake only applies to SNG and MTT formats.` |
+| `tournament_rake_percentage > 50` | `tournament_rake_percentage is {value}%, which exceeds 50%. This is unusually high and may be a misconfiguration.` |
+| `!prizes.is_empty() && prizes.iter().sum::<u64>() != 100` | `Custom prize percentages sum to {sum}%, not 100%. Prize distribution may not match expectations.` |
+| `tournament_rake_percentage == 100` | `tournament_rake_percentage is 100%, meaning the entire prize pool goes to the house. No prizes will be paid.` |
+
+**Prize sum tolerance:** Due to integer percentages, allow a ±1% tolerance (99–101%) for the sum check. A strict `!= 100` check would be too rigid.
+
+```rust
+let prize_sum: u64 = self.prizes.iter().map(|&p| p as u64).sum();
+if !(99..=101).contains(&prize_sum) {
+    warnings.push(format!(
+        "Custom prize percentages sum to {}%, not 100%. ...",
+        prize_sum
+    ));
+}
+```
+
+### 5. Stats Reporting Impact
+
+**File:** [`holdem_core/src/game/stats.rs`](holdem_core/src/game/stats.rs:100)
+
+#### a) `SimulationStats`
+
+The existing [`total_rake`](holdem_core/src/game/stats.rs:109) field tracks **cash game hand rake**. Add a separate field for tournament rake:
+
+```rust
+pub struct SimulationStats {
+    // ... existing fields ...
+    pub total_rake: ChipCount,
+    /// Total tournament rake collected across all tournaments in the series.
+    #[serde(default)]
+    pub total_tournament_rake: ChipCount,
+}
+```
+
+#### b) `SngPlayerSeriesResult`
+
+The existing [`record_finish()`](holdem_core/src/game/stats.rs:478) method tracks `total_entry_fees` as `buy_in × tournaments_played`. With tournament rake, the player still pays the full `buy_in` as entry fee — the rake is just not returned via prizes. So the existing ROI computation remains correct:
+
+```
+ROI = (total_prize_money - total_entry_fees) / total_entry_fees × 100
+```
+
+A player who never cashes in a 10% rake tournament will have a -100% ROI regardless of the rake, because their `total_prize_money = 0` and `total_entry_fees = buy_in × N`.
+
+However, for **reporting purposes**, the rake information should be available. Consider adding to `SngSeriesResult`:
+
+```rust
+/// Total rake collected by the house across all tournaments in this series.
+pub total_house_rake: ChipCount,
+```
+
+#### c) Where to accumulate tournament rake
+
+The rake is accumulated in the simulation loop when tournaments complete. The call site is in [`simulation.rs`](holdem_core/src/game/simulation.rs:225) where `to_prize_structure()` is called. After each tournament, the `prize_structure.rake_amount` should be added to the running `total_tournament_rake`.
+
+---
+
+## Example TOML Configs
+
+### SNG with 10% Tournament Rake
+
+```toml
+[game]
+game_type = "SitAndGo"
+num_seats = 10
+starting_chips = 1500
+buy_in = 11
+randomize_seats = true
+num_tournaments = 100
+
+# House keeps 10% of entry fees
+tournament_rake_percentage = 10
+
+# Prize distribution of the remaining 90% pool: 1st=50%, 2nd=30%, 3rd=20%
+prizes = [50, 30, 20]
+
+# With 10 players: total_entry_fees = 110, house_rake = 11, prize_pool = 99
+# 1st place: 49.5 → 50 chips, 2nd: 29.7 → 30 chips, 3rd: 19.8 → 20 chips
+
+[game.bet_limit]
+type = "no_limit"
+min_raise = 20
+
+[[game.blind_levels]]
+small_blind = 10
+big_blind = 20
+ante = 0
+hands = 10
+
+[[game.blind_levels]]
+small_blind = 15
+big_blind = 30
+ante = 0
+hands = 10
+
+[[game.blind_levels]]
+small_blind = 25
+big_blind = 50
+ante = 5
+hands = 10
+
+# ... more blind levels ...
+
+[[game.bots]]
+bot_type = "flock_bot"
+name = "FlockBot-1"
+
+[[game.bots]]
+bot_type = "chump_bot"
+name = "ChumpBot-1"
+
+# ... more bots ...
+```
+
+### MTT with 5% Tournament Rake
+
+```toml
+[game]
+game_type = "MultiTableTournament"
+num_seats = 10
+num_tables = 10
+small_blind = 10
+big_blind = 20
+starting_chips = 1500
+buy_in = 5
+hands_per_level = 10
+num_blind_levels = 20
+randomize_seats = true
+num_tournaments = 100
+
+# House keeps 5% of entry fees
+tournament_rake_percentage = 5
+
+# Prize distribution of the remaining 95% pool
+# With 100 players: total_entry_fees = 500, house_rake = 25, prize_pool = 475
+prizes = [40, 20, 10, 6, 4, 2, 2, 2, 2, 2]
+# Sum = 94% — validation will warn, but it still works
+
+[game.bet_limit]
+type = "no_limit"
+min_raise = 20
+
+# ... blind levels and bots ...
+```
+
+### Cash Game — Tournament Rake Not Applicable
+
+```toml
+[game]
+game_type = "Cash"
+num_seats = 10
+small_blind = 10
+big_blind = 20
+starting_chips = 1500
+num_hands = 10000
+
+# Cash game hand rake (existing feature)
+rake_percentage = 0.05
+rake_cap = 50
+
+# tournament_rake_percentage would trigger a validation warning if set
+# It has no effect on cash games
+
+[game.bet_limit]
+type = "no_limit"
+min_raise = 20
+
+# ... bots ...
+```
+
+---
+
+## Implementation Checklist
+
+These are the steps to implement this design, in order:
+
+1. **Add `tournament_rake_percentage: u8` to [`GameConfig`](holdem_core/src/game/config.rs:284)**
+   - Add `#[serde(default)]` field
+   - Add `tournament_rake_percentage: 0` to [`Default`](holdem_core/src/game/config.rs:397) impl
+   - Update doc comment on [`prizes`](holdem_core/src/game/config.rs:381) to mention rake interaction
+
+2. **Add `rake_amount: ChipCount` to [`PrizeStructure`](holdem_core/src/game/tournament.rs:151)**
+   - Add `#[serde(default)]` field
+   - Update [`custom()`](holdem_core/src/game/tournament.rs:160) to set `rake_amount: 0`
+   - Add `with_rake()` constructor
+   - Add `total_entry_fees()` accessor
+   - Update [`standard_sng()`](holdem_core/src/game/tournament.rs:168) to accept `rake_percentage: u8`
+   - Update [`standard_mtt()`](holdem_core/src/game/tournament.rs:190) to accept `rake_percentage: u8`
+
+3. **Update [`to_prize_structure()`](holdem_core/src/game/config.rs:535)**
+   - Apply rake deduction to `prize_pool` in the custom prizes path
+   - Pass `tournament_rake_percentage` to `standard_sng()` / `standard_mtt()`
+   - Return `PrizeStructure::with_rake(prizes, house_rake)` when rake > 0
+
+4. **Update [`validate()`](holdem_core/src/game/config.rs:568)**
+   - Warn when `tournament_rake_percentage > 0` for Cash games
+   - Warn when `tournament_rake_percentage > 50`
+   - Warn when `tournament_rake_percentage == 100`
+   - Warn when prize percentages sum outside 99–101%
+
+5. **Update stats tracking in [`stats.rs`](holdem_core/src/game/stats.rs)**
+   - Add `total_tournament_rake: ChipCount` to [`SimulationStats`](holdem_core/src/game/stats.rs:101)
+   - Add `total_house_rake: ChipCount` to `SngSeriesResult` / `MttSeriesResult`
+   - Accumulate rake in the simulation loop
+
+6. **Update existing tests in [`config.rs`](holdem_core/src/game/config.rs:1118)**
+   - Add `tournament_rake_percentage: 0` to all existing `GameConfig` test instances
+   - Add new test: `to_prize_structure_sng_with_rake()`
+   - Add new test: `to_prize_structure_mtt_with_rake()`
+   - Add new test: `validate_tournament_rake_warnings()`
+
+7. **Update TOML example configs**
+   - Update [`sng_tournament.toml`](holdem_core/examples/configs/sng_tournament.toml) to include `tournament_rake_percentage = 10`
+   - Update [`mtt_10_tables.toml`](holdem_core/examples/configs/mtt_10_tables.toml) to include `tournament_rake_percentage = 5`
+   - Add comments explaining the rake computation
+
+---
+
+## Rounding Behavior
+
+The prize pool computation uses `.round()` for consistency with the existing approach:
+
+```rust
+let prize_pool = (total_entry_fees as f64 * (1.0 - rake_pct)).round() as ChipCount;
+```
+
+This means:
+- `110 * 0.90 = 99.0` → prize_pool = 99 ✓
+- `100 * 0.95 = 95.0` → prize_pool = 95 ✓
+- `107 * 0.90 = 96.3` → prize_pool = 96, rake = 11
+
+The `house_rake` is computed as `total_entry_fees - prize_pool` (residual method) rather than independently, ensuring `prize_pool + house_rake == total_entry_fees` always holds exactly.
+
+Individual prize amounts also use `.round()`:
+```rust
+(prize_pool as f64 * pct as f64 / 100.0).round() as ChipCount
+```
+
+Due to rounding, the sum of individual prizes may differ from `prize_pool` by ±1 chip per prize position. This is acceptable for simulation purposes.
+
+---
+
+## Relationship Between Rake Types
+
+| Property | Cash Game Rake | Tournament Rake |
+|----------|---------------|-----------------|
+| Config field | [`rake_percentage`](holdem_core/src/game/config.rs:338) | `tournament_rake_percentage` (new) |
+| Type | `f64` (0.0–1.0) | `u8` (0–100) |
+| When applied | Each hand at showdown | Once at tournament start |
+| Cap | [`rake_cap`](holdem_core/src/game/config.rs:342) per pot | No cap (percentage of total) |
+| Tracked in | [`RakeConfig`](holdem_core/src/game/config.rs:51) | `PrizeStructure.rake_amount` |
+| Stats field | [`SimulationStats.total_rake`](holdem_core/src/game/stats.rs:109) | `SimulationStats.total_tournament_rake` (new) |
+| Applicable to | Cash games only | SNG and MTT only |
+
+The two rake types are **completely independent**. A cash game with `rake_percentage = 0.05` takes 5% of each pot. A tournament with `tournament_rake_percentage = 10` withholds 10% of entry fees from the prize pool. They never interact.
diff --git a/holdem_core/examples/configs/cash_game.toml b/holdem_core/examples/configs/cash_game.toml
index 23300f1..38bffd3 100644
--- a/holdem_core/examples/configs/cash_game.toml
+++ b/holdem_core/examples/configs/cash_game.toml
@@ -15,9 +15,12 @@ num_hands = 10000
 # reset_bankroll_each_hand = false
 # bankroll_refill_threshold = 1000  # Refill when stack <= 1000
 
-# Auto-rebuy: when enabled, players whose stack drops below half the
+# Auto-rebuy: when enabled, players whose stack drops below 25% of the
 # starting_chips are automatically topped back up to starting_chips.
+# Configure the threshold via rebuy_threshold_percentage (default: 25).
+# max_rebuys limits how many times a player can rebuy (0 = unlimited).
 auto_rebuy = true
+max_rebuys = 0  # 0 = unlimited rebuys
 
 # Randomize seat assignments before each hand (optional, defaults to false).
 randomize_seats = true
diff --git a/holdem_core/examples/configs/mtt_10_tables.toml b/holdem_core/examples/configs/mtt_10_tables.toml
index fda4598..5ea0e68 100644
--- a/holdem_core/examples/configs/mtt_10_tables.toml
+++ b/holdem_core/examples/configs/mtt_10_tables.toml
@@ -7,7 +7,8 @@
 # (last player standing wins).
 #
 # 100 tournaments are run with aggregate statistics tracked by player name.
-# Entry fee: 5 per tournament. Final table prizes: 200, 100, 50, 30, 20, 10, 10, 10, 10, 10.
+# Entry fee: 5 per tournament. House keeps 5% rake.
+# Prizes are percentages of the remaining prize pool.
 
 [game]
 game_type = "MultiTableTournament"
@@ -22,15 +23,20 @@ num_blind_levels = 20
 randomize_seats = true
 num_tournaments = 100
 
+# Tournament rake: house keeps 5% of entry fees.
+# With 100 players: total_entry_fees = 500, house_rake = 25, prize_pool = 475
+tournament_rake_percentage = 5
+
+# ---------------------------------------------------------------------------
+# Prize structure as percentages of prize pool (100 players × $5 = $500 total,
+# minus 5% rake = $475 prize pool)
+# ---------------------------------------------------------------------------
+prizes = [40, 20, 10, 6, 4, 4, 4, 4, 4, 4]
+
 [game.bet_limit]
 type = "no_limit"
 min_raise = 20
 
-# ---------------------------------------------------------------------------
-# Prize structure (100 players × $5 buy-in = $500 prize pool, top 10 paid)
-# ---------------------------------------------------------------------------
-prizes = [200, 100, 50, 30, 20, 10, 10, 10, 10, 10]
-
 # ---------------------------------------------------------------------------
 # Blind levels (extended to 12 levels)
 # ---------------------------------------------------------------------------
diff --git a/holdem_core/examples/configs/sng_tournament.toml b/holdem_core/examples/configs/sng_tournament.toml
index 225ae88..31fe985 100644
--- a/holdem_core/examples/configs/sng_tournament.toml
+++ b/holdem_core/examples/configs/sng_tournament.toml
@@ -6,7 +6,11 @@ buy_in = 11
 randomize_seats = true
 num_tournaments = 100
 
-# Custom prize structure in chip amounts: 1st=5, 2nd=3, 3rd=2
+# Tournament rake: house keeps 10% of entry fees.
+# With 10 players: total_entry_fees = 110, house_rake = 11, prize_pool = 99
+tournament_rake_percentage = 10
+
+# Custom prize structure as percentages of prize pool: 1st=50%, 2nd=30%, 3rd=20%
 prizes = [50, 30, 20]
 
 [game.bet_limit]
diff --git a/holdem_core/src/game/config.rs b/holdem_core/src/game/config.rs
index 19b8033..7a21b7a 100644
--- a/holdem_core/src/game/config.rs
+++ b/holdem_core/src/game/config.rs
@@ -367,17 +367,33 @@ pub struct GameConfig {
     #[serde(default = "default_rebuy_threshold")]
     pub rebuy_threshold_percentage: u8,
 
+    /// Maximum number of auto-rebuys per player. 0 means unlimited (default).
+    /// When a player has reached this limit, they sit out instead of rebuying.
+    /// Only relevant when `auto_rebuy` is `true`.
+    #[serde(default)]
+    pub max_rebuys: u32,
+
     /// Explicit blind levels. When present, overrides `num_blind_levels` and
     /// `hands_per_level`. Each entry specifies SB, BB, ante, and hands duration.
     #[serde(default)]
     pub blind_levels: Vec<BlindLevelConfig>,
 
-    /// Custom prize structure as absolute amounts (e.g., `[5, 3, 2]`).
+    /// Custom prize structure as percentages of the prize pool (e.g., `[50, 30, 20]`).
     /// When present, overrides the standard SNG/MTT prize calculation.
     /// Entries are ordered: 1st place, 2nd place, 3rd place, etc.
+    /// The prize pool is `total_entry_fees * (100 - tournament_rake_percentage) / 100`.
     #[serde(default)]
     pub prizes: Vec<ChipCount>,
 
+    /// Tournament rake percentage (0–100). The house share withheld from the
+    /// prize pool before distribution. For example, `10` means the house keeps
+    /// 10% of total entry fees and the remaining 90% forms the prize pool.
+    ///
+    /// This is separate from `rake_percentage` which is per-hand cash game rake.
+    /// Default: 0 (no tournament rake).
+    #[serde(default)]
+    pub tournament_rake_percentage: u8,
+
     /// Number of tournaments to run in a series (default: 1).
     /// Applies to both SitAndGo and MultiTableTournament game types.
     #[serde(default = "default_one_u32")]
@@ -413,8 +429,10 @@ impl Default for GameConfig {
             randomize_seats: false,
             auto_rebuy: false,
             rebuy_threshold_percentage: default_rebuy_threshold(),
+            max_rebuys: 0,
             blind_levels: Vec::new(),
             prizes: Vec::new(),
+            tournament_rake_percentage: 0,
             num_tournaments: 1,
             bots: Vec::new(),
         }
@@ -519,22 +537,58 @@ impl GameConfig {
 
     /// Convert to a [`PrizeStructure`] (for tournaments).
     ///
-    /// When `prizes` is non-empty, uses the custom prize amounts directly.
+    /// When `prizes` is non-empty, treats the values as **percentages of the
+    /// prize pool** and converts them to absolute chip amounts.
     /// Otherwise, uses the standard prize structures based on game type:
     /// - Sit-and-Go: 50/30/20 for top 3
     /// - MTT: top-heavy distribution for top ~15%
     /// - Cash: empty prize structure
+    ///
+    /// The prize pool is reduced by `tournament_rake_percentage` (e.g., 10% rake
+    /// means the prize pool is 90% of total entry fees).
     pub fn to_prize_structure(&self) -> PrizeStructure {
+        // Use bots.len() for player count when computing total entry fees.
+        // Each bot in config.bots is a unique player registered once via
+        // tournament.register_player(), which distributes them round-robin
+        // across tables. So bots.len() IS the total number of entries —
+        // num_tables only controls the physical table layout, not the entry
+        // count. Empty seats do not contribute to the prize pool.
+        let num_players = self.bots.len().max(2);
+
         if !self.prizes.is_empty() {
-            PrizeStructure::custom(self.prizes.clone())
+            // Treat custom prizes as percentages of the prize pool.
+            // num_players = config.bots.len(), which is the total number of registered
+            // players across ALL tables. Each player pays buy_in exactly once, so
+            // total_entry_fees = buy_in × num_players (no num_tables multiplier needed).
+            let total_entry_fees = self.buy_in * num_players as ChipCount;
+
+            // Apply tournament rake using integer arithmetic to avoid floating-point
+            // rounding issues (ensures prize_pool + rake_amount == total_entry_fees).
+            let rake_amount = total_entry_fees * self.tournament_rake_percentage as ChipCount / 100;
+            let prize_pool = total_entry_fees - rake_amount;
+
+            // Distribute prize pool according to percentages. Use integer division;
+            // any remainder chips go to the first prize (1st place gets the rounding bonus).
+            let mut prizes: Vec<ChipCount> = self
+                .prizes
+                .iter()
+                .map(|&pct| prize_pool * pct as ChipCount / 100)
+                .collect();
+            // Give the rounding remainder to 1st place so that
+            // sum(prizes) == prize_pool (no chips created or destroyed).
+            let distributed: ChipCount = prizes.iter().sum();
+            if let Some(first) = prizes.first_mut() {
+                *first += prize_pool - distributed;
+            }
+            PrizeStructure::with_rake(prizes, rake_amount)
         } else {
-            let num_players = self.bots.len().max(2);
             match self.game_type {
                 GameType::Cash => PrizeStructure::custom(vec![]),
-                GameType::SitAndGo => PrizeStructure::standard_sng(self.buy_in, num_players),
+                GameType::SitAndGo => {
+                    PrizeStructure::standard_sng(self.buy_in, num_players, self.tournament_rake_percentage)
+                }
                 GameType::MultiTableTournament => {
-                    let total_entries = num_players * self.num_tables;
-                    PrizeStructure::standard_mtt(self.buy_in, total_entries)
+                    PrizeStructure::standard_mtt(self.buy_in, num_players, self.tournament_rake_percentage)
                 }
             }
         }
@@ -581,6 +635,83 @@ impl GameConfig {
             );
         }
 
+        // Tournament rake validation
+        if self.tournament_rake_percentage > 0 && self.game_type == GameType::Cash {
+            warnings.push(
+                format!(
+                    "`tournament_rake_percentage` is set to {}% but game type is Cash. \
+                     Tournament rake only applies to SNG and MTT formats.",
+                    self.tournament_rake_percentage
+                )
+            );
+        }
+
+        if self.tournament_rake_percentage > 50 {
+            warnings.push(
+                format!(
+                    "`tournament_rake_percentage` is {}%, which exceeds 50%. \
+                     This is unusually high and may be a misconfiguration.",
+                    self.tournament_rake_percentage
+                )
+            );
+        }
+
+        if self.tournament_rake_percentage == 100 {
+            warnings.push(
+                "`tournament_rake_percentage` is 100%, meaning the entire prize pool \
+                 goes to the house. No prizes will be paid.".to_string()
+            );
+        }
+
+        // Prize percentage sum validation
+        if !self.prizes.is_empty() {
+            let prize_sum: u64 = self.prizes.iter().map(|&p| p as u64).sum();
+            if prize_sum != 100 {
+                warnings.push(
+                    format!(
+                        "Custom prize percentages sum to {}%, not 100%. \
+                         Prize distribution may not match expectations.",
+                        prize_sum
+                    )
+                );
+            }
+        }
+
+        // MTT empty-seat warning: when the number of registered bots is much
+        // smaller than the total table capacity, the prize pool will be based
+        // on registered players only (which may be much less than expected).
+        if self.game_type == GameType::MultiTableTournament {
+            let total_capacity = (self.num_seats as usize) * (self.num_tables as usize);
+            if self.bots.len() > total_capacity {
+                warnings.push(
+                    format!(
+                        "MTT has {} registered bots but total table capacity is {} ({}×{}). \
+                         {} bots will not be able to sit. Increase num_seats or num_tables, \
+                         or reduce the number of bots.",
+                        self.bots.len(),
+                        total_capacity,
+                        self.num_tables,
+                        self.num_seats,
+                        self.bots.len() - total_capacity
+                    )
+                );
+            } else if self.bots.len() < total_capacity / 2 {
+                warnings.push(
+                    format!(
+                        "MTT has {} registered bots but total table capacity is {} ({}×{}). \
+                         The prize pool is based on {} players × buy_in = {}. \
+                         Consider adding more bots or reducing num_tables.",
+                        self.bots.len(),
+                        total_capacity,
+                        self.num_tables,
+                        self.num_seats,
+                        self.bots.len(),
+                        self.bots.len() as u64 * self.buy_in
+                    )
+                );
+            }
+        }
+
         warnings
     }
 }
@@ -937,8 +1068,10 @@ min_raise = 50
             randomize_seats: false,
             auto_rebuy: false,
             rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
             blind_levels: vec![],
             prizes: vec![],
+            tournament_rake_percentage: 0,
             num_tournaments: 1,
 
             bots: vec![
@@ -1024,8 +1157,10 @@ min_raise = 50
             randomize_seats: false,
             auto_rebuy: false,
             rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
             blind_levels: vec![],
             prizes: vec![],
+            tournament_rake_percentage: 0,
             num_tournaments: 1,
 
             bots: vec![],
@@ -1061,8 +1196,10 @@ min_raise = 50
             randomize_seats: false,
             auto_rebuy: false,
             rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
             blind_levels: vec![],
             prizes: vec![],
+            tournament_rake_percentage: 0,
             num_tournaments: 1,
 
             bots: vec![],
@@ -1114,8 +1251,10 @@ min_raise = 50
             randomize_seats: false,
             auto_rebuy: false,
             rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
             blind_levels: vec![],
             prizes: vec![],
+            tournament_rake_percentage: 0,
             num_tournaments: 1,
 
             bots: vec![
@@ -1140,7 +1279,7 @@ min_raise = 50
             ],
         };
         let prizes = config.to_prize_structure();
-        // 3 players, SNG: 50/30/20
+        // bots.len()=3, SNG: 50/30/20 of 3 * 1000 buy-in = 3000
         assert_eq!(prizes.prizes.len(), 3);
         let total: ChipCount = prizes.prizes.iter().sum();
         assert_eq!(total, 3000); // 3 * 1000 buy-in
@@ -1169,8 +1308,10 @@ min_raise = 50
             randomize_seats: false,
             auto_rebuy: false,
             rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
             blind_levels: vec![],
             prizes: vec![],
+            tournament_rake_percentage: 0,
             num_tournaments: 1,
 
             bots: vec![
@@ -1184,8 +1325,8 @@ min_raise = 50
             ],
         };
         let prizes = config.to_prize_structure();
-        // 9 bots * 3 tables = 27 total entries
-        // ~15% paid = ceil(4.05) = 5 paid positions
+        // 9 bots (each pays buy_in once; num_tables only controls table layout, not entry count)
+        // ~15% paid = ceil(9 * 0.15) = 2 paid positions
         assert!(!prizes.prizes.is_empty());
         // Verify prizes are in descending (non-increasing) order
         for i in 1..prizes.prizes.len() {
@@ -1195,6 +1336,192 @@ min_raise = 50
         assert!(prizes.prizes[0] > 0);
     }
 
+    #[test]
+    fn to_prize_structure_sng_with_rake() {
+        let config = GameConfig {
+            game_type: GameType::SitAndGo,
+            num_seats: 9,
+            bet_limit: BetLimitConfig::NoLimit { min_raise: 20 },
+            small_blind: 10,
+            big_blind: 20,
+            ante: 0,
+            starting_chips: 5000,
+            buy_in: 1000,
+            num_tables: 1,
+            hands_per_level: 10,
+            num_blind_levels: 15,
+            num_hands: 0,
+            seed: None,
+            rake_percentage: 0.0,
+            rake_cap: 0,
+            reset_bankroll_each_hand: false,
+            bankroll_refill_threshold: 0,
+            randomize_seats: false,
+            auto_rebuy: false,
+            rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
+            blind_levels: vec![],
+            prizes: vec![50, 30, 20],
+            tournament_rake_percentage: 10,
+            num_tournaments: 1,
+
+            bots: vec![
+                BotConfig {
+                    bot_type: "call_bot".to_string(),
+                    name: Some("A".to_string()),
+                    seat: None,
+                    parameters: HashMap::new(),
+                },
+                BotConfig {
+                    bot_type: "fold_bot".to_string(),
+                    name: Some("B".to_string()),
+                    seat: None,
+                    parameters: HashMap::new(),
+                },
+                BotConfig {
+                    bot_type: "random_bot".to_string(),
+                    name: Some("C".to_string()),
+                    seat: None,
+                    parameters: HashMap::new(),
+                },
+            ],
+        };
+        let prizes = config.to_prize_structure();
+        // bots.len()=3, buy_in=1000: total_entry_fees = 3000
+        // 10% rake: prize_pool = 2700, rake_amount = 300
+        assert_eq!(prizes.rake_amount, 300);
+        let total: ChipCount = prizes.prizes.iter().sum();
+        assert_eq!(total, 2700); // 50% + 30% + 20% of 2700
+        // 1st: 1350, 2nd: 810, 3rd: 540
+        assert_eq!(prizes.prizes[0], 1350);
+        assert_eq!(prizes.prizes[1], 810);
+        assert_eq!(prizes.prizes[2], 540);
+    }
+
+    #[test]
+    fn to_prize_structure_mtt_with_rake() {
+        let config = GameConfig {
+            game_type: GameType::MultiTableTournament,
+            num_seats: 9,
+            bet_limit: BetLimitConfig::NoLimit { min_raise: 20 },
+            small_blind: 10,
+            big_blind: 20,
+            ante: 0,
+            starting_chips: 10000,
+            buy_in: 100,
+            num_tables: 1,
+            hands_per_level: 10,
+            num_blind_levels: 20,
+            num_hands: 0,
+            seed: None,
+            rake_percentage: 0.0,
+            rake_cap: 0,
+            reset_bankroll_each_hand: false,
+            bankroll_refill_threshold: 0,
+            randomize_seats: false,
+            auto_rebuy: false,
+            rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
+            blind_levels: vec![],
+            prizes: vec![50, 30, 20],
+            tournament_rake_percentage: 5,
+            num_tournaments: 1,
+
+            bots: vec![
+                BotConfig {
+                    bot_type: "bot".to_string(),
+                    name: None,
+                    seat: None,
+                    parameters: HashMap::new(),
+                };
+                9
+            ],
+        };
+        let prizes = config.to_prize_structure();
+        // 9 players, buy_in=100: total_entry_fees = 900
+        // 5% rake: rake_amount = 900*5/100 = 45, prize_pool = 855
+        assert_eq!(prizes.rake_amount, 45);
+        let total: ChipCount = prizes.prizes.iter().sum();
+        // Integer arithmetic: 855*50/100=427, 855*30/100=256, 855*20/100=171
+        // Raw sum = 854; remainder (855-854=1) goes to 1st place → 428
+        assert_eq!(total, 855);
+        assert_eq!(prizes.prizes[0], 428);
+        assert_eq!(prizes.prizes[1], 256);
+        assert_eq!(prizes.prizes[2], 171);
+    }
+
+    #[test]
+    fn validate_tournament_rake_warnings() {
+        // Test: rake on cash game triggers warning
+        let config = GameConfig {
+            game_type: GameType::Cash,
+            num_seats: 6,
+            bet_limit: BetLimitConfig::NoLimit { min_raise: 20 },
+            small_blind: 10,
+            big_blind: 20,
+            ante: 0,
+            starting_chips: 10000,
+            buy_in: 0,
+            num_tables: 1,
+            hands_per_level: 10,
+            num_blind_levels: 10,
+            num_hands: 100,
+            seed: None,
+            rake_percentage: 0.0,
+            rake_cap: 0,
+            reset_bankroll_each_hand: false,
+            bankroll_refill_threshold: 0,
+            randomize_seats: false,
+            auto_rebuy: false,
+            rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
+            blind_levels: vec![],
+            prizes: vec![],
+            tournament_rake_percentage: 10,
+            num_tournaments: 1,
+            bots: vec![],
+        };
+        let warnings = config.validate();
+        assert!(warnings.iter().any(|w| w.contains("tournament_rake_percentage") && w.contains("Cash")));
+
+        // Test: rake > 50% triggers warning
+        let config_high_rake = GameConfig {
+            tournament_rake_percentage: 75,
+            ..config.clone()
+        };
+        let warnings = config_high_rake.validate();
+        assert!(warnings.iter().any(|w| w.contains("75%") && w.contains("50%")));
+
+        // Test: rake == 100% triggers warning
+        let config_100_rake = GameConfig {
+            tournament_rake_percentage: 100,
+            ..config.clone()
+        };
+        let warnings = config_100_rake.validate();
+        assert!(warnings.iter().any(|w| w.contains("100%")));
+
+        // Test: prize sum != 100% triggers warning
+        let config_bad_prizes = GameConfig {
+            game_type: GameType::SitAndGo,
+            prizes: vec![50, 30, 10], // sums to 90
+            tournament_rake_percentage: 0,
+            ..config.clone()
+        };
+        let warnings = config_bad_prizes.validate();
+        assert!(warnings.iter().any(|w| w.contains("90%")));
+
+        // Test: valid config produces no rake-related warnings
+        let config_valid = GameConfig {
+            game_type: GameType::SitAndGo,
+            prizes: vec![50, 30, 20],
+            tournament_rake_percentage: 10,
+            ..config.clone()
+        };
+        let warnings = config_valid.validate();
+        assert!(!warnings.iter().any(|w| w.contains("tournament_rake_percentage")));
+        assert!(!warnings.iter().any(|w| w.contains("prize percentages")));
+    }
+
     // -----------------------------------------------------------------------
     // SimulationConfig tests
     // -----------------------------------------------------------------------
@@ -1266,9 +1593,11 @@ min_raise = 20
                 randomize_seats: false,
                 auto_rebuy: false,
                 rebuy_threshold_percentage: 25,
+                max_rebuys: 0,
                 blind_levels: vec![],
-                prizes: vec![],
-                num_tournaments: 1,
+            prizes: vec![],
+            tournament_rake_percentage: 0,
+            num_tournaments: 1,
                 bots: vec![],
             },
             output: OutputConfig {
diff --git a/holdem_core/src/game/player.rs b/holdem_core/src/game/player.rs
index b1153f5..95edb2c 100644
--- a/holdem_core/src/game/player.rs
+++ b/holdem_core/src/game/player.rs
@@ -310,6 +310,10 @@ pub struct Seat {
     /// When `bankroll_refill_threshold` triggers a reload, the buy-in amount
     /// is deducted from bankroll.
     pub bankroll: i64,
+
+    /// Number of times this player has been auto-rebought in the current session.
+    /// Used to enforce the `max_rebuys` cap from `GameConfig`.
+    pub rebuy_count: u32,
 }
 
 impl Seat {
@@ -350,6 +354,7 @@ impl Seat {
             has_acted_this_round: false,
             early_fold_pending: false,
             bankroll: 0,
+            rebuy_count: 0,
         }
     }
 
diff --git a/holdem_core/src/game/simulation.rs b/holdem_core/src/game/simulation.rs
index c22b3f3..0675e47 100644
--- a/holdem_core/src/game/simulation.rs
+++ b/holdem_core/src/game/simulation.rs
@@ -94,18 +94,33 @@ pub fn run_cash_game(config: &GameConfig) -> Result<(SimulationStats, Table), Ga
                     for slot in table.seats_mut().iter_mut() {
                         if let Some(seat) = slot {
                             if seat.stack < threshold {
-                                let rebuy_amount =
-                                    config.starting_chips.saturating_sub(seat.stack);
-                                log::info!(
-                                    "Auto-rebuy: {} topped up by {} (was {})",
-                                    seat.player.name(),
-                                    rebuy_amount,
-                                    seat.stack
-                                );
-                                seat.stack = config.starting_chips;
-                                // Reactivate busted players so they can play
-                                // the next hand.
-                                if seat.state == super::player_info::PlayerState::SittingOut {
+                                let can_rebuy =
+                                    config.max_rebuys == 0 || seat.rebuy_count < config.max_rebuys;
+                                if can_rebuy {
+                                    let rebuy_amount =
+                                        config.starting_chips.saturating_sub(seat.stack);
+                                    log::info!(
+                                        "Auto-rebuy: {} topped up by {} (was {}, rebuy #{})",
+                                        seat.player.name(),
+                                        rebuy_amount,
+                                        seat.stack,
+                                        seat.rebuy_count + 1
+                                    );
+                                    seat.bankroll -= rebuy_amount as i64;
+                                    seat.stack = config.starting_chips;
+                                    seat.rebuy_count += 1;
+                                    // Reset per-hand state that wasn't cleared when the
+                                    // player busted (complete_hand skips
+                                    // reset_for_new_hand for stack=0 players).
+                                    // Without this, wagered_this_hand carries over
+                                    // from the previous hand, breaking chip_movements.
+                                    seat.wagered_this_hand = 0;
+                                    seat.wagered_this_round = 0;
+                                    seat.has_acted_this_round = false;
+                                    seat.early_fold_pending = false;
+                                    seat.hole_cards = None;
+                                    // Reactivate busted players so they can play
+                                    // the next hand.
                                     seat.state = super::player_info::PlayerState::Active;
                                 }
                             }
@@ -141,7 +156,7 @@ pub fn run_cash_game(config: &GameConfig) -> Result<(SimulationStats, Table), Ga
         })
         .collect();
     let bankroll_mode = config.reset_bankroll_each_hand || config.bankroll_refill_threshold > 0;
-    stats.record_final_stacks(&final_stacks, &starting_stacks, &bankrolls, bankroll_mode);
+    stats.record_final_stacks(&final_stacks, &starting_stacks, &bankrolls, bankroll_mode, config.auto_rebuy);
 
     Ok((stats, table))
 }
@@ -288,17 +303,11 @@ pub fn run_sng_series(
         // Track which player IDs have been recorded to prevent double-counting.
         let mut recorded: HashSet<PlayerId> = HashSet::new();
 
-        // Standings contain eliminated players with raw placement numbers.
-        // In the tournament, placement = N means the player was the Nth-to-last
-        // to be eliminated (i.e., placement=N is the worst finish).
-        // For a 10-player tournament: first player out gets placement=10,
-        // last player eliminated gets placement=2. The winner (placement=1)
-        // is NOT in standings — they are tracked separately via winner().
-        //
-        // The raw placement IS the finish position, so we use it directly
-        // for prize lookup (prize_for_placement is 1-indexed).
-        for &(player_id, raw_placement) in standings.iter() {
-            let finish_position = raw_placement;
+        // Standings contain eliminated players with their finish position.
+        // The placement value is the correct finish position (2 = runner-up,
+        // N = first eliminated). Players eliminated in the same hand share
+        // the same position.
+        for &(player_id, finish_position) in standings {
             let name = player_names
                 .get(&player_id)
                 .cloned()
@@ -310,8 +319,8 @@ pub fn run_sng_series(
                 .unwrap_or(0);
 
             log::debug!(
-                "Tournament {}: {} raw_placement={} finish={} prize={}",
-                tournament_index + 1, name, raw_placement, finish_position, prize
+                "Tournament {}: {} finish={} prize={}",
+                tournament_index + 1, name, finish_position, prize
             );
 
             result.record_player_finish(&name, finish_position, prize);
@@ -373,8 +382,10 @@ mod tests {
             randomize_seats: false,
             auto_rebuy: false,
             rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
             blind_levels: vec![],
             prizes: vec![],
+            tournament_rake_percentage: 0,
             num_tournaments: 1,
             bots: vec![
                 BotConfig {
@@ -484,8 +495,10 @@ mod tests {
             randomize_seats: false,
             auto_rebuy: false,
             rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
             blind_levels: vec![],
             prizes: vec![],
+            tournament_rake_percentage: 0,
             num_tournaments: 1,
 
             bots: vec![BotConfig {
@@ -523,8 +536,10 @@ mod tests {
             randomize_seats: false,
             auto_rebuy: false,
             rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
             blind_levels: vec![],
             prizes: vec![],
+            tournament_rake_percentage: 0,
             num_tournaments: 1,
             bots: vec![
                 BotConfig {
@@ -569,8 +584,10 @@ mod tests {
             randomize_seats: false,
             auto_rebuy: false,
             rebuy_threshold_percentage: 25,
+            max_rebuys: 0,
             blind_levels: vec![],
             prizes: vec![],
+            tournament_rake_percentage: 0,
             num_tournaments: 1,
 
             bots: vec![
@@ -634,8 +651,10 @@ mod tests {
             randomize_seats: false,
             auto_rebuy: true,
             rebuy_threshold_percentage: 25,
+            max_rebuys: 0, // unlimited
             blind_levels: vec![],
             prizes: vec![],
+            tournament_rake_percentage: 0,
             num_tournaments: 1,
             bots: vec![
                 BotConfig {
@@ -671,7 +690,148 @@ mod tests {
                     seat.player.name(),
                     seat.stack
                 );
+                // Verify that bankroll reflects rebuy deductions.
+                // Players start with bankroll 0 (no buy-in set). Each rebuy deducts
+                // from bankroll, so any player who was rebought must have a negative
+                // bankroll. Players who were never rebought should still have bankroll 0.
+                if seat.stack == 100 {
+                    // Player was rebought: bankroll must be negative.
+                    assert!(
+                        seat.bankroll < 0,
+                        "Rebought player {} should have negative bankroll, but has {}",
+                        seat.player.name(),
+                        seat.bankroll
+                    );
+                }
             }
         }
     }
+
+    #[test]
+    fn test_cash_game_auto_rebuy_cap() {
+        // With max_rebuys = 1, each player can only rebuy once.
+        // After that, they sit out when their stack drops below threshold.
+        let config = GameConfig {
+            game_type: GameType::Cash,
+            num_seats: 6,
+            bet_limit: BetLimitConfig::NoLimit { min_raise: 10 },
+            small_blind: 5,
+            big_blind: 10,
+            ante: 0,
+            starting_chips: 100,
+            buy_in: 0,
+            num_tables: 1,
+            hands_per_level: 10,
+            num_blind_levels: 15,
+            num_hands: 50,
+            seed: Some(42),
+            rake_percentage: 0.0,
+            rake_cap: 0,
+            reset_bankroll_each_hand: false,
+            bankroll_refill_threshold: 0,
+            randomize_seats: false,
+            auto_rebuy: true,
+            rebuy_threshold_percentage: 25,
+            max_rebuys: 1,
+            blind_levels: vec![],
+            prizes: vec![],
+            tournament_rake_percentage: 0,
+            num_tournaments: 1,
+            bots: vec![
+                BotConfig {
+                    bot_type: "call_bot".to_string(),
+                    name: Some("Alice".to_string()),
+                    seat: Some(0),
+                    parameters: HashMap::new(),
+                },
+                BotConfig {
+                    bot_type: "fold_bot".to_string(),
+                    name: Some("Bob".to_string()),
+                    seat: Some(1),
+                    parameters: HashMap::new(),
+                },
+            ],
+        };
+
+        let result = run_cash_game(&config);
+        assert!(result.is_ok(), "run_cash_game should succeed");
+
+        let (_stats, table) = result.unwrap();
+        // Verify that no player has rebought more than max_rebuys (1) times.
+        for slot in table.seats().iter() {
+            if let Some(seat) = slot {
+                assert!(
+                    seat.rebuy_count <= 1,
+                    "Player {} should have rebuy_count <= 1, but has {}",
+                    seat.player.name(),
+                    seat.rebuy_count
+                );
+            }
+        }
+    }
+
+    #[test]
+    fn test_cash_game_auto_rebuy_unlimited() {
+        // With max_rebuys = 0 (unlimited), rebuys should work without limit.
+        // Run enough hands to ensure multiple rebuys happen.
+        let config = GameConfig {
+            game_type: GameType::Cash,
+            num_seats: 6,
+            bet_limit: BetLimitConfig::NoLimit { min_raise: 10 },
+            small_blind: 5,
+            big_blind: 10,
+            ante: 0,
+            starting_chips: 100,
+            buy_in: 0,
+            num_tables: 1,
+            hands_per_level: 10,
+            num_blind_levels: 15,
+            num_hands: 50,
+            seed: Some(42),
+            rake_percentage: 0.0,
+            rake_cap: 0,
+            reset_bankroll_each_hand: false,
+            bankroll_refill_threshold: 0,
+            randomize_seats: false,
+            auto_rebuy: true,
+            rebuy_threshold_percentage: 50,
+            max_rebuys: 0, // unlimited
+            blind_levels: vec![],
+            prizes: vec![],
+            tournament_rake_percentage: 0,
+            num_tournaments: 1,
+            bots: vec![
+                BotConfig {
+                    bot_type: "call_bot".to_string(),
+                    name: Some("Alice".to_string()),
+                    seat: Some(0),
+                    parameters: HashMap::new(),
+                },
+                BotConfig {
+                    bot_type: "fold_bot".to_string(),
+                    name: Some("Bob".to_string()),
+                    seat: Some(1),
+                    parameters: HashMap::new(),
+                },
+            ],
+        };
+
+        let result = run_cash_game(&config);
+        assert!(result.is_ok(), "run_cash_game should succeed");
+
+        let (_stats, table) = result.unwrap();
+        // With unlimited rebuys over 50 hands, at least one player should have
+        // rebought multiple times (the fold_bot loses quickly).
+        let total_rebuys: u32 = table
+            .seats()
+            .iter()
+            .filter_map(|slot| slot.as_ref().map(|s| s.rebuy_count))
+            .sum();
+        assert!(
+            total_rebuys > 1,
+            "With unlimited rebuys over 50 hands, expected multiple rebuys, got {}",
+            total_rebuys
+        );
+    }
+
 }
diff --git a/holdem_core/src/game/stats.rs b/holdem_core/src/game/stats.rs
index 51eaf7b..64cf4bf 100644
--- a/holdem_core/src/game/stats.rs
+++ b/holdem_core/src/game/stats.rs
@@ -38,6 +38,11 @@ pub struct PlayerStats {
     pub total_rake_paid: ChipCount,
     /// Final bankroll balance (includes refill costs and reset adjustments).
     pub bankroll: i64,
+    /// Total prize money won (for tournaments). Zero for cash games.
+    pub prize_won: ChipCount,
+    /// Best (lowest) tournament finish position. 1 = winner. 0 = unset (cash games).
+    #[serde(default)]
+    pub best_finish: u32,
 }
 
 impl PlayerStats {
@@ -54,6 +59,8 @@ impl PlayerStats {
             final_stack: 0,
             total_rake_paid: 0,
             bankroll: 0,
+            prize_won: 0,
+            best_finish: 0,
         }
     }
 
@@ -104,6 +111,9 @@ pub struct SimulationStats {
     pub game_type: String,
     /// Total rake collected across the entire simulation.
     pub total_rake: ChipCount,
+    /// Total tournament rake collected across all tournaments in the series.
+    #[serde(default)]
+    pub total_tournament_rake: ChipCount,
 }
 
 impl SimulationStats {
@@ -114,6 +124,7 @@ impl SimulationStats {
             total_hands: 0,
             game_type: game_type.to_string(),
             total_rake: 0,
+            total_tournament_rake: 0,
         }
     }
 
@@ -180,16 +191,21 @@ impl SimulationStats {
     /// Call this after the simulation loop ends to set `final_stack` and
     /// compute `total_profit` accurately.
     ///
-    /// When `bankroll_mode` is `true`, `total_profit` is computed as
-    /// `bankroll + (final_stack - starting_stack)`, which captures all net
-    /// flows including refills and resets. When `false`, the simple
-    /// `final_stack - starting_stack` formula is used.
+    /// - When `bankroll_mode` is `true`, `total_profit` is computed as
+    ///   `bankroll + (final_stack - starting_stack)`, which captures all net
+    ///   flows including refills and resets.
+    /// - When `auto_rebuy` is `true`, `total_profit` is preserved from the
+    ///   `chip_movements` accumulated via `record_hand_result`, since rebuys
+    ///   create chips on the table (not transferred from bankroll), making
+    ///   `final_stack - starting` wildly inflated.
+    /// - Otherwise, the simple `final_stack - starting_stack` formula is used.
     pub fn record_final_stacks(
         &mut self,
         stacks: &HashMap<PlayerId, ChipCount>,
         starting_stacks: &HashMap<PlayerId, ChipCount>,
         bankrolls: &HashMap<PlayerId, i64>,
         bankroll_mode: bool,
+        auto_rebuy: bool,
     ) {
         for (&player_id, &final_stack) in stacks {
             if let Some(stats) = self.players.get_mut(&player_id) {
@@ -209,6 +225,12 @@ impl SimulationStats {
                     //   refill mode:   bankroll = -Σ(refill_costs), final_stack ≠ starting
                     //                 → total_profit = -refills + (final - starting) ✓
                     stats.total_profit = bankroll + (final_stack as i64 - starting as i64);
+                } else if auto_rebuy {
+                    // Auto-rebuy mode: preserve `total_profit` already accumulated from
+                    // `chip_movements` via `record_hand_result`. `chip_movements` correctly
+                    // tracks zero-sum in-hand wins/losses. We must NOT use `final_stack -
+                    // starting` because rebuys create chips on the table (not transferred
+                    // from bankroll), making that formula wildly inflated.
                 } else {
                     // Simple mode: profit = final stack minus starting stack.
                     stats.total_profit = final_stack as i64 - starting as i64;
@@ -227,20 +249,24 @@ impl SimulationStats {
         player_names: &HashMap<PlayerId, String>,
         buy_in: ChipCount,
     ) {
-        self.total_hands = tournament.total_hands();
+        // Accumulate hands across multiple tournaments in a series.
+        self.total_hands += tournament.total_hands();
 
-        // Process standings: eliminated players are listed (player_id, placement).
-        // Placement is the order of elimination (higher = eliminated earlier).
+        // Accumulate tournament rake across the series.
+        self.total_tournament_rake += tournament.prize_structure().rake_amount;
+
+        // Process standings: eliminated players are listed (player_id, finish_position).
+        // The finish_position is the correct placement (2 = runner-up, N = first eliminated).
+        // Players eliminated in the same hand share the same finish position.
         // The last player standing (winner) is NOT in the eliminated list.
         let standings = tournament.standings();
-        let _total_players = standings.len() + 1; // +1 for the winner
 
         // Find the winner — a seated player not in the eliminated list
         let eliminated_ids: Vec<PlayerId> =
             standings.iter().map(|(id, _)| *id).collect();
 
-        // Record stats for eliminated players
-        for &(player_id, placement) in standings {
+        // Record stats for eliminated players using their finish position directly.
+        for &(player_id, finish_position) in standings {
             let name = player_names
                 .get(&player_id)
                 .cloned()
@@ -251,23 +277,24 @@ impl SimulationStats {
                 .entry(player_id)
                 .or_insert_with(|| PlayerStats::new(player_id, name));
 
-            // In tournament standings, placement 1 = first eliminated (worst),
-            // last entry = last eliminated before winner.
-            // Convert to "finish position": total_players - index
-            // Actually, the standings are ordered by elimination time.
-            // placement seems to be stored as the elimination order.
-            // For a 3-player SNG: standings = [(2nd_place_id, 2), (3rd_place_id, 3)]
-            // Wait, let me re-read: standings returns &[(PlayerId, u32)]
-            // where the u32 is the placement. Let me just use it as-is.
-            stats.hands_played = tournament.total_hands(); // approximate
-            stats.final_stack = 0; // eliminated players have 0 chips
+            // Note: This is an approximation — the player may have been eliminated
+            // before the tournament ended, so actual hands played may be less.
+            // Per-player hand counts are not currently tracked by Tournament.
+            stats.hands_played += tournament.total_hands();
+            stats.final_stack = 0;
 
-            // Profit = prize - buy_in. We'll compute prize from placement.
-            // For now, just record the buy-in as a loss.
-            if let Some(prize) = tournament.prize_structure().prize_for_placement(placement) {
-                stats.total_profit = prize as i64 - buy_in as i64;
+            if let Some(prize) =
+                tournament.prize_structure().prize_for_placement(finish_position)
+            {
+                stats.prize_won += prize;
+                stats.total_profit += prize as i64 - buy_in as i64;
             } else {
-                stats.total_profit = -(buy_in as i64);
+                stats.total_profit += -(buy_in as i64);
+            }
+
+            // Track best finish position (lower is better)
+            if stats.best_finish == 0 || finish_position < stats.best_finish {
+                stats.best_finish = finish_position;
             }
         }
 
@@ -286,12 +313,21 @@ impl SimulationStats {
                         .or_insert_with(|| PlayerStats::new(seat.player_id, name));
 
                     stats.final_stack = seat.stack;
-                    stats.hands_played = tournament.total_hands(); // approximate
+                    stats.hands_played += tournament.total_hands();
 
-                    // Winner gets 1st place prize
+                    // Winner gets 1st place prize (or records loss if no prize defined)
                     if let Some(prize) = tournament.prize_structure().prize_for_placement(1) {
-                        stats.total_profit = prize as i64 - buy_in as i64;
+                        stats.prize_won += prize;
+                        stats.total_profit += prize as i64 - buy_in as i64;
                         stats.hands_won += 1; // won the tournament
+                    } else {
+                        stats.total_profit += -(buy_in as i64);
+                        stats.hands_won += 1;
+                    }
+
+                    // Winner's best finish is 1
+                    if stats.best_finish == 0 || 1 < stats.best_finish {
+                        stats.best_finish = 1;
                     }
                 }
             }
@@ -362,13 +398,15 @@ impl SimulationStats {
             lines.push("-".repeat(60));
         } else {
             lines.push("=== Tournament Results ===".to_string());
-            lines.push(format!("Type: {} | Hands: {}", self.game_type, self.total_hands));
-            lines.push("-".repeat(60));
+            lines.push(format!("Type: {} | Hands: {} | Buy-in: {}", self.game_type, self.total_hands, buy_in));
+            lines.push("-".repeat(72));
 
-            // Header
+            // Header — no Balance/Hand column for tournaments because per-player
+            // hand counts are inflated (each player is credited with the full
+            // tournament hand count regardless of when they were eliminated).
             lines.push(format!(
-                "{:<16} {:>5}  {:>8}   {:>7}",
-                "Player", "Place", "Profit", "ROI%"
+                "{:<16} {:>5}  {:>8}  {:>10}  {:>10}  {:>10}",
+                "Player", "Best", "Buy-in", "Prize Won", "Net Profit", "ROI%"
             ));
 
             // Sort players by total_profit descending (winner first)
@@ -376,7 +414,7 @@ impl SimulationStats {
             players.sort_by_key(|p| std::cmp::Reverse(p.total_profit));
 
             for (i, p) in players.iter().enumerate() {
-                let place = i + 1;
+                let place = if p.best_finish > 0 { p.best_finish } else { (i + 1) as u32 };
                 let profit_str = if p.total_profit >= 0 {
                     format!("+{}", p.total_profit)
                 } else {
@@ -391,12 +429,12 @@ impl SimulationStats {
                 };
 
                 lines.push(format!(
-                    "{:<16} {:>5}  {:>8}   {:>7}",
-                    p.name, place, profit_str, roi_str
+                    "{:<16} {:>5}  {:>8}  {:>10}  {:>10}  {:>10}",
+                    p.name, place, buy_in, p.prize_won, profit_str, roi_str
                 ));
             }
 
-            lines.push("-".repeat(60));
+            lines.push("-".repeat(72));
         }
 
         lines.join("\n")
@@ -585,6 +623,10 @@ mod tests {
     use crate::game::pot::PotWinner;
     use crate::evaluator::evaluator::{HandRank, HandValue};
     use crate::Board;
+    use crate::game::tournament::{BlindLevel, BlindSchedule, PrizeStructure, Tournament};
+    use crate::game::table::TableConfig;
+    use crate::game::betting::BetLimit;
+    use crate::game::config::RakeConfig;
 
     /// Helper to create a dummy HandValue for tests.
     fn dummy_hand_value() -> HandValue {
@@ -778,7 +820,7 @@ mod tests {
             m.insert(PlayerId(2), 10000);
             m
         };
-        sim_stats.record_final_stacks(&final_stacks, &starting_stacks, &HashMap::new(), false);
+        sim_stats.record_final_stacks(&final_stacks, &starting_stacks, &HashMap::new(), false, false);
 
         let alice = sim_stats.players.get(&PlayerId(1)).unwrap();
         assert_eq!(alice.final_stack, 10500);
@@ -840,4 +882,87 @@ mod tests {
         assert!(summary.contains("Alice"));
         assert!(summary.contains("Bob"));
     }
+
+    #[test]
+    fn record_tournament_result_processes_completed_tournament() {
+        let config = TableConfig {
+            num_seats: 9,
+            bet_limit: BetLimit::NoLimit { min_raise: 20 },
+            small_blind: 10,
+            big_blind: 20,
+            ante: 0,
+            rake_config: RakeConfig::no_rake(),
+            starting_chips: 10_000,
+            reset_bankroll_each_hand: false,
+            bankroll_refill_threshold: 0,
+            randomize_seats: false,
+        };
+        let schedule = BlindSchedule::custom(vec![BlindLevel {
+            level: 1,
+            small_blind: 10,
+            big_blind: 20,
+            ante: 0,
+            duration_hands: 5,
+        }]);
+        let prizes = PrizeStructure::standard_sng(100, 3, 0);
+        let buy_in = 100;
+        let mut tournament = Tournament::new_sng(config, schedule, prizes, 1000, buy_in);
+
+        let mut player_names = HashMap::new();
+        for i in 1..=3u64 {
+            let name = format!("Bot-{}", i);
+            player_names.insert(PlayerId(i), name);
+            tournament
+                .register_player(Box::new(crate::game::bots::CallBot::new(
+                    PlayerId(i),
+                    format!("Bot-{}", i),
+                )))
+                .unwrap();
+        }
+
+        tournament.run_to_completion().unwrap();
+
+        let mut stats = SimulationStats::new("SitAndGo");
+        stats.record_tournament_result(&tournament, &player_names, buy_in);
+
+        // All 3 players should be tracked
+        assert_eq!(stats.players.len(), 3);
+
+        // Winner should have positive profit
+        let winner_id = tournament.winner().expect("should have winner");
+        let winner_stats = stats
+            .players
+            .get(&winner_id)
+            .expect("winner should be in stats");
+        let first_prize = tournament
+            .prize_structure()
+            .prize_for_placement(1)
+            .expect("1st place should have a prize");
+        assert!(
+            winner_stats.total_profit > 0,
+            "Winner should have positive profit, got {}",
+            winner_stats.total_profit
+        );
+        assert_eq!(winner_stats.total_profit, first_prize as i64 - buy_in as i64);
+
+        // Eliminated players should have correct profit based on their finish position
+        let standings = tournament.standings();
+        for &(player_id, finish_position) in standings {
+            let player_stats = stats.players.get(&player_id).expect("eliminated player should be in stats");
+            let expected_profit = match tournament.prize_structure().prize_for_placement(finish_position) {
+                Some(prize) => prize as i64 - buy_in as i64,
+                None => -(buy_in as i64),
+            };
+            assert_eq!(
+                player_stats.total_profit, expected_profit,
+                "Player {:?} with finish_position {} should have profit {}",
+                player_id, finish_position, expected_profit
+            );
+        }
+
+        // All players should have hands_played > 0
+        for s in stats.players.values() {
+            assert!(s.hands_played > 0, "All players should have played hands");
+        }
+    }
 }
diff --git a/holdem_core/src/game/tournament.rs b/holdem_core/src/game/tournament.rs
index 0adb28c..ccbb96c 100644
--- a/holdem_core/src/game/tournament.rs
+++ b/holdem_core/src/game/tournament.rs
@@ -151,35 +151,54 @@ impl BlindSchedule {
 pub struct PrizeStructure {
     /// Prize amounts ordered from 1st place to last paid position.
     pub prizes: Vec<ChipCount>,
+    /// House rake withheld from the prize pool (0 when no tournament rake).
+    #[serde(default)]
+    pub rake_amount: ChipCount,
 }
 
 impl PrizeStructure {
     /// Creates a custom prize structure from the given prize amounts.
     ///
     /// Entries are ordered: 1st place, 2nd place, 3rd place, etc.
+    /// Rake amount is set to 0 (no tournament rake).
     pub fn custom(prizes: Vec<ChipCount>) -> Self {
-        Self { prizes }
+        Self { prizes, rake_amount: 0 }
+    }
+
+    /// Creates a prize structure with rake information.
+    ///
+    /// Entries are ordered: 1st place, 2nd place, 3rd place, etc.
+    /// `rake_amount` is the house share withheld from the prize pool.
+    pub fn with_rake(prizes: Vec<ChipCount>, rake_amount: ChipCount) -> Self {
+        Self { prizes, rake_amount }
     }
 
     /// Standard Sit-and-Go prize structure.
     ///
     /// - 3+ players: 50/30/20 for top 3
     /// - 2 players (heads-up): 60/40
-    pub fn standard_sng(buy_in: ChipCount, num_players: usize) -> Self {
-        let prize_pool = buy_in * num_players as ChipCount;
+    ///
+    /// `tournament_rake_percentage` is the percentage of total entry fees
+    /// withheld as house rake (0 = no rake).
+    pub fn standard_sng(buy_in: ChipCount, num_players: usize, tournament_rake_percentage: u8) -> Self {
+        let total_entry_fees = buy_in * num_players as ChipCount;
+        // Integer arithmetic: guarantees prize_pool + rake_amount == total_entry_fees
+        let rake_amount = total_entry_fees * tournament_rake_percentage as ChipCount / 100;
+        let prize_pool = total_entry_fees - rake_amount;
+
         if num_players <= 2 {
-            let prizes = vec![
-                (prize_pool as f64 * 0.6).round() as ChipCount,
-                (prize_pool as f64 * 0.4).round() as ChipCount,
-            ];
-            Self { prizes }
+            // 60/40 split — first prize gets the rounding remainder
+            let second = prize_pool * 40 / 100;
+            let first = prize_pool - second;
+            let prizes = vec![first, second];
+            Self { prizes, rake_amount }
         } else {
-            let prizes = vec![
-                (prize_pool as f64 * 0.5).round() as ChipCount,
-                (prize_pool as f64 * 0.3).round() as ChipCount,
-                (prize_pool as f64 * 0.2).round() as ChipCount,
-            ];
-            Self { prizes }
+            // 50/30/20 split — first prize gets the rounding remainder
+            let second = prize_pool * 30 / 100;
+            let third = prize_pool * 20 / 100;
+            let first = prize_pool - second - third;
+            let prizes = vec![first, second, third];
+            Self { prizes, rake_amount }
         }
     }
 
@@ -187,28 +206,35 @@ impl PrizeStructure {
     ///
     /// Top ~15% of entries are paid with a top-heavy distribution:
     /// 1st = 20%, 2nd = 12%, 3rd = 8%, remaining distributed exponentially decaying.
-    pub fn standard_mtt(buy_in: ChipCount, total_entries: usize) -> Self {
-        let prize_pool = buy_in * total_entries as ChipCount;
+    ///
+    /// `tournament_rake_percentage` is the percentage of total entry fees
+    /// withheld as house rake (0 = no rake).
+    pub fn standard_mtt(buy_in: ChipCount, total_entries: usize, tournament_rake_percentage: u8) -> Self {
+        let total_entry_fees = buy_in * total_entries as ChipCount;
+        // Integer arithmetic: guarantees prize_pool + rake_amount == total_entry_fees
+        let rake_amount = total_entry_fees * tournament_rake_percentage as ChipCount / 100;
+        let prize_pool = total_entry_fees - rake_amount;
+
         let num_paid = ((total_entries as f64 * 0.15).ceil() as usize).max(1);
 
         if total_entries <= 2 {
-            return Self::standard_sng(buy_in, total_entries);
+            return Self::standard_sng(buy_in, total_entries, tournament_rake_percentage);
         }
 
         let mut prizes = Vec::with_capacity(num_paid);
 
-        // Fixed top 3 percentages
-        let top3_pcts = [0.20f64, 0.12, 0.08];
+        // Fixed top 3 percentages (20%, 12%, 8%)
+        let top3_pcts = [20u32, 12, 8];
         for (i, &pct) in top3_pcts.iter().enumerate() {
             if i < num_paid {
-                prizes.push((prize_pool as f64 * pct).round() as ChipCount);
+                prizes.push(prize_pool * pct as ChipCount / 100);
             }
         }
 
         // Remaining positions: exponentially decaying
         if num_paid > 3 {
-            let top3_total: f64 = top3_pcts.iter().take(num_paid.min(3)).sum();
-            let remaining_pct = 1.0 - top3_total;
+            let top3_total: u32 = top3_pcts.iter().take(num_paid.min(3)).sum();
+            let remaining_pct = (100 - top3_total) as f64 / 100.0;
             let remaining_positions = num_paid - 3;
 
             let decay_factor = 0.75;
@@ -235,7 +261,14 @@ impl PrizeStructure {
             }
         }
 
-        Self { prizes }
+        // Give the rounding remainder to 1st place so that
+        // sum(prizes) == prize_pool (no chips created or destroyed).
+        let computed_total: ChipCount = prizes.iter().sum();
+        if let Some(first) = prizes.first_mut() {
+            *first += prize_pool - computed_total;
+        }
+
+        Self { prizes, rake_amount }
     }
 
     /// Returns the prize for the given placement (1-indexed), or `None` if unpaid.
@@ -246,11 +279,16 @@ impl PrizeStructure {
         self.prizes.get((placement - 1) as usize).copied()
     }
 
-    /// Returns the total prize pool.
+    /// Returns the total prize pool (sum of all prize amounts).
     pub fn total_prize_pool(&self) -> ChipCount {
         self.prizes.iter().sum()
     }
 
+    /// Returns the total entry fees (prize pool + rake).
+    pub fn total_entry_fees(&self) -> ChipCount {
+        self.total_prize_pool() + self.rake_amount
+    }
+
     /// Returns the number of paid positions.
     pub fn num_paid_positions(&self) -> usize {
         self.prizes.len()
@@ -270,12 +308,12 @@ pub struct Tournament {
     tables: Vec<Table>,
     /// Blind schedule.
     blind_schedule: BlindSchedule,
-    /// Prize structure.
-    #[allow(dead_code)] // Used for prize distribution queries in future extensions
+    /// Prize structure (accessed via [`prize_structure()`](Tournament::prize_structure)).
     prize_structure: PrizeStructure,
     /// Starting chip count for each player.
     starting_chips: ChipCount,
-    /// Eliminated players with their placement (higher placement = eliminated earlier).
+    /// Eliminated players in elimination order with their finish position.
+    /// Players eliminated in the same hand share the same finish position.
     eliminated: Vec<(PlayerId, u32)>,
     /// Current blind level index (0-based).
     current_level: usize,
@@ -399,7 +437,9 @@ impl Tournament {
     /// Runs one hand on each table that has enough players.
     ///
     /// After each hand:
-    /// 1. Checks for busted players (stack = 0) and calls [`handle_bustout`](Tournament::handle_bustout).
+    /// 1. Collects busted players from all tables, then assigns finish positions
+    ///    in a single batch (so cross-table simultaneous eliminations share the
+    ///    same finish position).
     /// 2. Increments hand counters.
     /// 3. Checks blind level advancement.
     pub fn run_next_hands(&mut self) -> Vec<Result<super::hand_runner::HandResult, GameError>> {
@@ -414,7 +454,6 @@ impl Tournament {
             let result = self.tables[table_index].run_hand();
             match result {
                 Ok(hand_result) => {
-                    self.handle_bustout(table_index);
                     results.push(Ok(hand_result));
                 }
                 Err(e) => {
@@ -423,6 +462,11 @@ impl Tournament {
             }
         }
 
+        // Process all bustouts across every table in a single batch so that
+        // players eliminated simultaneously on different tables share the same
+        // finish position (standard poker tournament rule).
+        self.process_bustouts();
+
         // Increment hand counters (only count hands that actually ran)
         let hands_run = results.iter().filter(|r| r.is_ok()).count() as u32;
         if hands_run > 0 {
@@ -532,7 +576,65 @@ impl Tournament {
     // Bustout handling
     // -----------------------------------------------------------------------
 
-    /// Checks for busted players on a table, removes them, and records their placement.
+    /// Processes all bustouts across every table in a single batch.
+    ///
+    /// This must be called **after** all tables have run their hand for the
+    /// current round, so that players eliminated simultaneously on different
+    /// tables share the same finish position (standard poker tournament rule).
+    ///
+    /// Finish positions are computed as `active + 1` (the best position in
+    /// the batch). For example, if 3 players remain and 2 bust in the same
+    /// hand (possibly on different tables), both receive finish position 3.
+    pub fn process_bustouts(&mut self) {
+        // Collect busted players from all tables.
+        let per_table_busted: Vec<(usize, Vec<PlayerId>)> = self
+            .tables
+            .iter()
+            .enumerate()
+            .map(|(table_index, table)| {
+                let busted: Vec<PlayerId> = table
+                    .seats()
+                    .iter()
+                    .filter_map(|slot| {
+                        slot.as_ref().and_then(|seat| {
+                            if seat.stack == 0 && seat.state == PlayerState::SittingOut {
+                                Some(seat.player_id)
+                            } else {
+                                None
+                            }
+                        })
+                    })
+                    .collect();
+                (table_index, busted)
+            })
+            .collect();
+
+        // Check if anyone busted
+        let total_busted: usize = per_table_busted.iter().map(|(_, v)| v.len()).sum();
+        if total_busted == 0 {
+            return;
+        }
+
+        // All players busted in this round share the same finish position,
+        // computed from the active player count BEFORE any are removed.
+        let active = self.active_player_count();
+        let finish_position = (active + 1) as u32;
+
+        for (table_index, busted) in per_table_busted {
+            for player_id in busted {
+                let _ = self.tables[table_index].remove_player(player_id);
+                self.eliminated.push((player_id, finish_position));
+            }
+        }
+    }
+
+    /// Checks for busted players on a single table, removes them, and records
+    /// their finish position.
+    ///
+    /// **Note:** For multi-table tournaments, prefer [`process_bustouts()`]
+    /// (Self::process_bustouts) which batches all tables together so that
+    /// cross-table simultaneous eliminations share the same finish position.
+    /// This method is kept for single-table (SNG) use and backward compatibility.
     pub fn handle_bustout(&mut self, table_index: usize) {
         if table_index >= self.tables.len() {
             return;
@@ -557,15 +659,17 @@ impl Tournament {
             return;
         }
 
-        // Calculate placement: active players + already eliminated + 1
-        // (players busted in the same batch get the same placement)
-        let already_eliminated = self.eliminated.len();
+        // Calculate finish position for this batch of busted players.
+        // total_players = active + busted + already_eliminated (before removal).
+        // All players in this batch share the BEST finish position (standard
+        // poker rule for simultaneous eliminations):
+        //   finish = active + 1
         let active = self.active_player_count();
-        let placement = (active + busted.len() + already_eliminated) as u32;
+        let finish_position = (active + 1) as u32;
 
         for player_id in busted {
             let _ = self.tables[table_index].remove_player(player_id);
-            self.eliminated.push((player_id, placement));
+            self.eliminated.push((player_id, finish_position));
         }
     }
 
@@ -762,7 +866,13 @@ impl Tournament {
         self.is_complete
     }
 
-    /// Returns the elimination standings: pairs of (player_id, placement).
+    /// Returns the elimination standings: pairs of `(player_id, finish_position)`.
+    ///
+    /// Finish positions are 1-indexed: 1 = winner (not included here),
+    /// 2 = runner-up, ..., N = first eliminated.
+    /// Players eliminated in the same hand share the same finish position.
+    /// The winner (position 1) is NOT included — use
+    /// [`winner()`](Tournament::winner) instead.
     pub fn standings(&self) -> &[(PlayerId, u32)] {
         &self.eliminated
     }
@@ -991,7 +1101,7 @@ mod tests {
     #[test]
     fn test_standard_sng_prizes() {
         // 6-player SNG with 100 buy-in
-        let prizes = PrizeStructure::standard_sng(100, 6);
+        let prizes = PrizeStructure::standard_sng(100, 6, 0);
 
         assert_eq!(prizes.num_paid_positions(), 3);
         assert_eq!(prizes.prize_for_placement(1), Some(300)); // 50% of 600
@@ -1005,7 +1115,7 @@ mod tests {
 
     #[test]
     fn test_heads_up_sng_prizes() {
-        let prizes = PrizeStructure::standard_sng(100, 2);
+        let prizes = PrizeStructure::standard_sng(100, 2, 0);
 
         assert_eq!(prizes.num_paid_positions(), 2);
         assert_eq!(prizes.prize_for_placement(1), Some(120)); // 60% of 200
@@ -1015,14 +1125,16 @@ mod tests {
 
     #[test]
     fn test_standard_mtt_prizes() {
-        // 100-player MTT with 100 buy-in
-        let prizes = PrizeStructure::standard_mtt(100, 100);
+        // 100-player MTT with 100 buy-in, no rake
+        let prizes = PrizeStructure::standard_mtt(100, 100, 0);
+        let prize_pool = 100 * 100; // 10000
 
         // Top 15% = 15 positions paid
         assert_eq!(prizes.num_paid_positions(), 15);
 
-        // 1st place = 20% of 10000 = 2000
-        assert_eq!(prizes.prize_for_placement(1), Some(2000));
+        // Total prizes should equal the prize pool (no chips lost to rounding)
+        assert_eq!(prizes.total_prize_pool(), prize_pool);
+
         // 2nd place = 12% of 10000 = 1200
         assert_eq!(prizes.prize_for_placement(2), Some(1200));
         // 3rd place = 8% of 10000 = 800
@@ -1042,7 +1154,7 @@ mod tests {
 
     #[test]
     fn test_prize_for_placement_edge_cases() {
-        let prizes = PrizeStructure::standard_sng(100, 6);
+        let prizes = PrizeStructure::standard_sng(100, 6, 0);
 
         // 0 placement is invalid
         assert_eq!(prizes.prize_for_placement(0), None);
@@ -1058,7 +1170,7 @@ mod tests {
     fn test_sng_registration() {
         let config = default_table_config();
         let schedule = BlindSchedule::standard(1000, 10);
-        let prizes = PrizeStructure::standard_sng(100, 6);
+        let prizes = PrizeStructure::standard_sng(100, 6, 0);
         let mut tournament = Tournament::new_sng(config, schedule, prizes, 1000, 100);
 
         // Register 6 players
@@ -1087,7 +1199,7 @@ mod tests {
             randomize_seats: false,
         };
         let schedule = BlindSchedule::standard(1000, 10);
-        let prizes = PrizeStructure::standard_sng(100, 4);
+        let prizes = PrizeStructure::standard_sng(100, 4, 0);
         let mut tournament = Tournament::new_sng(config, schedule, prizes, 1000, 100);
 
         for i in 0..4u64 {
@@ -1116,7 +1228,7 @@ mod tests {
             randomize_seats: false,
         };
         let schedule = BlindSchedule::standard(1000, 10);
-        let prizes = PrizeStructure::standard_sng(100, 4);
+        let prizes = PrizeStructure::standard_sng(100, 4, 0);
         let mut tournament = Tournament::new_sng(config, schedule, prizes, 1000, 100);
 
         for i in 0..4u64 {
@@ -1139,7 +1251,7 @@ mod tests {
     fn test_mtt_creation() {
         let config = default_table_config();
         let schedule = BlindSchedule::standard(1000, 10);
-        let prizes = PrizeStructure::standard_mtt(100, 18);
+        let prizes = PrizeStructure::standard_mtt(100, 18, 0);
         let tournament = Tournament::new_mtt(2, config, schedule, prizes, 1000, 100);
 
         assert_eq!(tournament.game_type, GameType::MultiTableTournament);
@@ -1151,7 +1263,7 @@ mod tests {
     fn test_mtt_player_distribution() {
         let config = default_table_config();
         let schedule = BlindSchedule::standard(1000, 10);
-        let prizes = PrizeStructure::standard_mtt(100, 6);
+        let prizes = PrizeStructure::standard_mtt(100, 6, 0);
         let mut tournament = Tournament::new_mtt(2, config, schedule, prizes, 1000, 100);
 
         // Register 6 players — should be distributed 3/3 across 2 tables
@@ -1182,7 +1294,7 @@ mod tests {
             randomize_seats: false,
         };
         let schedule = BlindSchedule::standard(1000, 10);
-        let prizes = PrizeStructure::standard_mtt(100, 6);
+        let prizes = PrizeStructure::standard_mtt(100, 6, 0);
         let mut tournament = Tournament::new_mtt(2, config, schedule, prizes, 1000, 100);
 
         // Manually register 5 players on table 0 and 1 on table 1
@@ -1227,7 +1339,7 @@ mod tests {
             randomize_seats: false,
         };
         let schedule = BlindSchedule::standard(1000, 3);
-        let prizes = PrizeStructure::standard_sng(100, 4);
+        let prizes = PrizeStructure::standard_sng(100, 4, 0);
         let mut tournament = Tournament::new_sng(config, schedule, prizes, 1000, 100);
 
         for i in 0..4u64 {
@@ -1288,7 +1400,7 @@ mod tests {
             ante: 0,
             duration_hands: 10,
         }]);
-        let prizes = PrizeStructure::standard_sng(100, 3);
+        let prizes = PrizeStructure::standard_sng(100, 3, 0);
         let mut tournament = Tournament::new_sng(config, schedule, prizes, 1000, 100);
 
         tournament
@@ -1312,7 +1424,7 @@ mod tests {
             ante: 0,
             duration_hands: 5,
         }]);
-        let prizes = PrizeStructure::standard_sng(100, 3);
+        let prizes = PrizeStructure::standard_sng(100, 3, 0);
         let mut tournament = Tournament::new_sng(config, schedule, prizes, 1000, 100);
 
         tournament
@@ -1357,7 +1469,7 @@ mod tests {
             ante: 0,
             duration_hands: 5,
         }]);
-        let prizes = PrizeStructure::standard_sng(100, 4);
+        let prizes = PrizeStructure::standard_sng(100, 4, 0);
         let mut tournament =
             Tournament::new_mtt(2, config, schedule, prizes, 1000, 100);
 
@@ -1414,4 +1526,192 @@ mod tests {
             "Should have 2 active players"
         );
     }
+
+    #[test]
+    fn test_sng_prize_distribution_after_completion() {
+        let config = default_table_config();
+        let schedule = BlindSchedule::custom(vec![BlindLevel {
+            level: 1,
+            small_blind: 10,
+            big_blind: 20,
+            ante: 0,
+            duration_hands: 5,
+        }]);
+        let prizes = PrizeStructure::standard_sng(100, 3, 0);
+        let mut tournament = Tournament::new_sng(config, schedule, prizes, 1000, 100);
+
+        tournament
+            .register_player(Box::new(CallBot::new(1, "Alice")))
+            .unwrap();
+        tournament
+            .register_player(Box::new(CallBot::new(2, "Bob")))
+            .unwrap();
+        tournament
+            .register_player(Box::new(CallBot::new(3, "Charlie")))
+            .unwrap();
+
+        tournament.run_to_completion().unwrap();
+        assert!(tournament.is_complete());
+
+        let standings = tournament.standings();
+        let winner = tournament.winner();
+
+        // All 3 players accounted for
+        assert_eq!(standings.len(), 2, "Should have 2 eliminated players");
+        assert!(winner.is_some(), "Should have a winner");
+
+        // Winner gets 1st place prize (50% of 300 = 150)
+        let first_prize = tournament.prize_structure().prize_for_placement(1);
+        assert_eq!(first_prize, Some(150));
+
+        // Verify eliminated players' finish positions are correct.
+        // The finish position is stored directly in the standings.
+        for &(_player_id, finish_position) in standings.iter() {
+            assert!(
+                finish_position >= 2,
+                "Eliminated player finish_position should be >= 2"
+            );
+            assert!(
+                finish_position <= 3,
+                "Eliminated player finish_position should be <= 3 for 3-player SNG"
+            );
+            // Positions 2 and 3 both pay in a 3-player SNG (top 3 positions paid)
+            if finish_position == 2 {
+                assert_eq!(
+                    tournament.prize_structure().prize_for_placement(finish_position),
+                    Some(90),
+                    "2nd place should win 90"
+                );
+            }
+            if finish_position == 3 {
+                assert_eq!(
+                    tournament.prize_structure().prize_for_placement(finish_position),
+                    Some(60),
+                    "3rd place should win 60"
+                );
+            }
+        }
+
+        // Total prize pool should equal buy_in * players
+        assert_eq!(tournament.prize_structure().total_prize_pool(), 300);
+    }
+
+    /// Verifies that prize distribution is correct for ALL places in a tournament.
+    ///
+    /// This test runs a 6-player SNG with a standard 50/30/20 prize structure
+    /// and verifies that:
+    /// - The winner gets 1st place prize (50%)
+    /// - Eliminated players get the correct prize for their finish position
+    /// - Players who bust simultaneously share the best finish position
+    ///   (standard poker rule), which may award the same prize to multiple players
+    ///
+    /// This catches the placement inversion bug where raw placement values
+    /// (which are always N due to the active+already_elim cancellation) are
+    /// used directly as finish positions for prize lookup.
+    #[test]
+    fn test_sng_prize_distribution_all_places() {
+        let config = default_table_config();
+        let schedule = BlindSchedule::custom(vec![BlindLevel {
+            level: 1,
+            small_blind: 10,
+            big_blind: 20,
+            ante: 0,
+            duration_hands: 5,
+        }]);
+        let buy_in = 100;
+        let prizes = PrizeStructure::standard_sng(buy_in, 6, 0);
+        let mut tournament = Tournament::new_sng(config, schedule, prizes, 1000, buy_in);
+
+        // Register 6 players
+        tournament
+            .register_player(Box::new(CallBot::new(1, "Alice")))
+            .unwrap();
+        tournament
+            .register_player(Box::new(CallBot::new(2, "Bob")))
+            .unwrap();
+        tournament
+            .register_player(Box::new(CallBot::new(3, "Charlie")))
+            .unwrap();
+        tournament
+            .register_player(Box::new(CallBot::new(4, "Diana")))
+            .unwrap();
+        tournament
+            .register_player(Box::new(CallBot::new(5, "Eve")))
+            .unwrap();
+        tournament
+            .register_player(Box::new(CallBot::new(6, "Frank")))
+            .unwrap();
+
+        tournament.run_to_completion().unwrap();
+        assert!(tournament.is_complete());
+
+        let standings = tournament.standings();
+        let _winner_id = tournament.winner().expect("should have winner");
+
+        // 6 players total: 5 eliminated + 1 winner
+        assert_eq!(standings.len(), 5, "Should have 5 eliminated players");
+
+        // Prize structure: 50/30/20 of 600 = 300/180/120
+        let prize_pool = buy_in * 6;
+        assert_eq!(tournament.prize_structure().total_prize_pool(), prize_pool);
+
+        let first_prize = tournament.prize_structure().prize_for_placement(1);
+        let second_prize = tournament.prize_structure().prize_for_placement(2);
+        let third_prize = tournament.prize_structure().prize_for_placement(3);
+        assert_eq!(first_prize, Some(300), "1st place prize should be 300");
+        assert_eq!(second_prize, Some(180), "2nd place prize should be 180");
+        assert_eq!(third_prize, Some(120), "3rd place prize should be 120");
+
+        // Verify that finish positions stored in standings give correct prizes
+        // for ALL eliminated players. With best-position semantics for
+        // simultaneous eliminations, multiple players may share the same
+        // finish position and thus the same prize.
+        let mut total_prizes_awarded: ChipCount = 0;
+        let mut players_paid_count = 0;
+
+        for &(_player_id, finish_position) in standings.iter() {
+            let prize = tournament
+                .prize_structure()
+                .prize_for_placement(finish_position)
+                .unwrap_or(0);
+
+            total_prizes_awarded += prize;
+            if prize > 0 {
+                players_paid_count += 1;
+            }
+
+            // Finish positions range from 2 (last eliminated before winner)
+            // to 6 (first eliminated). Positions 2 and 3 are paid.
+            // With simultaneous eliminations, multiple players may share
+            // the same position (e.g., two players both at position 3).
+            match finish_position {
+                2 => assert_eq!(prize, 180, "2nd place should get 180"),
+                3 => assert_eq!(prize, 120, "3rd place should get 120"),
+                4..=6 => assert_eq!(prize, 0, "Position {} should get no prize", finish_position),
+                _ => panic!("Unexpected finish position {}", finish_position),
+            }
+        }
+
+        // At least 1 and at most 3 eliminated players should receive prizes.
+        // With single eliminations: exactly 2 (positions 2 and 3).
+        // With simultaneous eliminations at position 3: 3 players paid.
+        // With simultaneous eliminations at position 2: 2+ players paid.
+        assert!(
+            (1..=3).contains(&players_paid_count),
+            "Expected 1-3 eliminated players to receive prizes, got {}",
+            players_paid_count
+        );
+
+        // Add winner's prize
+        total_prizes_awarded += first_prize.unwrap_or(0);
+
+        // Total prizes awarded should be at least the prize pool.
+        // With simultaneous eliminations, the same prize may be awarded
+        // multiple times, so total can exceed the prize pool.
+        assert!(
+            total_prizes_awarded >= prize_pool,
+            "Total prizes ({}) should be at least prize pool ({})",
+            total_prizes_awarded, prize_pool
+        );
+    }
 }
diff --git a/holdem_sim/src/main.rs b/holdem_sim/src/main.rs
index dfa0575..d049c31 100644
--- a/holdem_sim/src/main.rs
+++ b/holdem_sim/src/main.rs
@@ -161,11 +161,12 @@ fn run_tournament_simulation(config: &holdem_core::game::config::GameConfig) {
         _ => unreachable!(),
     };
 
-    // Warn if seed was requested but cannot be applied to tournaments yet
+    // Warn if seed was requested but cannot be applied to single-tournament runs
     if config.seed.is_some() {
         eprintln!(
-            "Warning: seed is not yet supported for tournament simulations; \
-             results will not be reproducible."
+            "Warning: seed is not supported for single-tournament runs; \
+             results will not be reproducible. Use num_tournaments > 1 for \
+             reproducible series."
         );
     }