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Title: Casinos, festivals and prize money Post by: Karabiner on February 18, 2006, 09:32:48 PM This week there were festivals at Sheffield, Broadway Birmingham and Brighton.
Sheffield's main £1k event had 41 runners, and their middle event (a £250PLH rebuy) 57 runners. But they still paid ten places. The Broadway in Birmingham (one of my favourite casinos), had 120 runners on Wednesday for their £300NLH F/O. They also paid ten places. Surely it is time for a little free thinking to be implemented. 10% of the field or thereabouts should be paid. Certainly some kind of formula is called for. Rigidly sticking to a predetermined payout structure no matter how many runners seems rather silly to me. Title: Re: Casinos, festivals, and prize money Post by: ifm on February 18, 2006, 10:31:19 PM I know Grosvenor pay according to numbers, i think, if there are more than 100 they pay 18 places (formerly 20).
It was pretty daft to change from 10 seater finals to 9 though, i think they just like to be a bit different. Title: Re: Casinos, festivals, and prize money Post by: vampitup on February 18, 2006, 10:43:31 PM The prize structure for the shootout in Brighton gave the same for 3rd-6th in the final. This was pretty odd in my opinion. They also paid 12 positions total out of 41 runners, with 7th-12th (runners up on each table) getting money back.
Title: Re: Casinos, festivals, and prize money Post by: AndrewT on February 18, 2006, 10:44:22 PM I thought it was best to have 9 seater finals, so that at the final table bubble, you have two tables of 5.
With a ten seat final table, the bubble happens with a table of 6 and a table of 5, so the shortstack at the smaller table is at a disadvantage. Title: Re: Casinos, festivals, and prize money Post by: Karabiner on February 18, 2006, 11:41:50 PM The prize structure for the shootout in Brighton gave the same for 3rd-6th in the final. This was pretty odd in my opinion. They also paid 12 positions total out of 41 runners, with 7th-12th (runners up on each table) getting money back. Shootouts understandably need a different payout structure. My reference is to bog-standard MTT's. Title: Re: Casinos, festivals and prize money Post by: AceofWands on February 19, 2006, 12:28:11 AM Gala seem to stick rigidly to their payout structure irrespective the number runners. I've played a re-buy with 16 runners and the usual 10 places were paid! (winner 35% 10th 1%)
All casinos need to do is copy a MTT payout structure table from any Internet site and use that. Ac Title: Re: Casinos, festivals and prize money Post by: londonpokergirl on February 19, 2006, 12:55:44 AM I alter my prize structure according to runners in the tourney , approx 10% of field, but adjusted accordingly :)
Title: Re: Casinos, festivals and prize money Post by: Karabiner on February 19, 2006, 10:33:08 AM The prizemoney also needs to be more carefully structured in the way that it increases.
If the difference between 8th and 7th is £300 for example, then the difference between 7th and 6th should be greater. And the difference between 6th and 5th greater still, and so on. In many casinos I could show examples where there is a £600 difference between 8th and 7th, followed by a £200 increase for the next prize. Both Walsall and Broadway do this. It is not rocket science to graduate these payout structures properly. Title: Re: Casinos, festivals and prize money Post by: b4matt on February 20, 2006, 10:32:31 PM I thought it was best to have 9 seater finals, so that at the final table bubble, you have two tables of 5. With a ten seat final table, the bubble happens with a table of 6 and a table of 5, so the shortstack at the smaller table is at a disadvantage. Dead on the money. :goodpost: Great Thread too Karabiner |