Keith

Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin.

This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion.

I would be really interested in your feedback as an expert in betting markets.

Looks a really interesting concept. At first glance I like it very much.

What juice are you charging?

Thanks Keith, the juice is zero - so whoever you bet on you get par.

What about deals?

Tournament gets 4 handed, and the players chop it.

Do you count deal prize or official prize? (often a huge difference between the two)

Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar**

What is the max bet going to be?

I do like the idea, but you are leaving yourself open to a bit of jiggery pokery.

Yes there will be a max bet of £50 per person. Its the first event so the sports book operator wants to see how it goes without exposure into the millions. In future If we add more players to the betting line up that will spread the risk and allow bigger individual bets

Money back if your player cashes, but fails to make the final table might be an idea.

Or maybe instead of money back - a free bet on the next tournament of the same stake.

Yes good possible incentives. However the overround is 109% with all the edge contained in the paying places before the FT so these incentives create a zero edge product - but sometimes bookies use loss leaders to gain aquisition so it may be something to be considered in future.

Thanks again Keith.

109%?

I think it's more than that in most tournaments.

It's the % of the prize money which goes to the non final table members isn't it?

In the WSOP that would be a huge overround, in a GUKPT with 150 runners it would be tiny.

Amirite?

We worked out the overround on a GUKPT main with 153 runners was 109.2% but yes your right - more runners better for the sports book but the as the risk goes down (less chance of FT) the exposure goes up (if FT made bigger payout). As poker is zero sum its all relative. We designed it for UK market - GUKPT GPS etc but interesting if actually got used for the WSOP main

Keith

Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin.

This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion.

I would be really interested in your feedback as an expert in betting markets.

Looks a really interesting concept. At first glance I like it very much.

What juice are you charging?

Thanks Keith, the juice is zero - so whoever you bet on you get par.

What about deals?

Tournament gets 4 handed, and the players chop it.

Do you count deal prize or official prize? (often a huge difference between the two)

Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar**

What is the max bet going to be?

I do like the idea, but you are leaving yourself open to a bit of jiggery pokery.

Yes there will be a max bet of £50 per person. Its the first event so the sports book operator wants to see how it goes without exposure into the millions. In future If we add more players to the betting line up that will spread the risk and allow bigger individual bets

Money back if your player cashes, but fails to make the final table might be an idea.

Or maybe instead of money back - a free bet on the next tournament of the same stake.

Yes good possible incentives. However the overround is 109% with all the edge contained in the paying places before the FT so these incentives create a zero edge product - but sometimes bookies use loss leaders to gain aquisition so it may be something to be considered in future.

Thanks again Keith.

Keith

Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin.

This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion.

I would be really interested in your feedback as an expert in betting markets.

Looks a really interesting concept. At first glance I like it very much.

What juice are you charging?

Thanks Keith, the juice is zero - so whoever you bet on you get par.

What about deals?

Tournament gets 4 handed, and the players chop it.

Do you count deal prize or official prize? (often a huge difference between the two)

Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar**

What is the max bet going to be?

I do like the idea, but you are leaving yourself open to a bit of jiggery pokery.

Yes there will be a max bet of £50 per person. Its the first event so the sports book operator wants to see how it goes without exposure into the millions. In future If we add more players to the betting line up that will spread the risk and allow bigger individual bets

Keith

Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin.

This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion.

I would be really interested in your feedback as an expert in betting markets.

Looks a really interesting concept. At first glance I like it very much.

What juice are you charging?

Thanks Keith, the juice is zero - so whoever you bet on you get par.

What about deals?

Tournament gets 4 handed, and the players chop it.

Do you count deal prize or official prize? (often a huge difference between the two)

Its the deal prize with the point being you win what the player does so if it chops you get chop amount multiplier. As we will be there we will know the deal amount and all players involved agree to disclose the deal amount - have a look at the FAQ because we figured there would be lots of Q's and we tried to anticipate all of them - but there will always be something we didnt think of that could bit us in the ar**

Keith

Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin.

This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion.

I would be really interested in your feedback as an expert in betting markets.

Looks a really interesting concept. At first glance I like it very much.

What juice are you charging?

Thanks Keith, the juice is zero - so whoever you bet on you get par.

Keith

Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin.

This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion.

I would be really interested in your feedback as an expert in betting markets.

Good morning.

I don't think we have a problem with the spam as such, but given this is betting stuff, where trust & integrity is vital, can you introduce yourself, tell us who you are? I'm assuming it is Mark, but transparency is best in these matters.

Thanks.

Hi Tikay, Its Aaron I am one of the owners. We have met but I guess you meet so many people you may not recall.

Keith

Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin.

This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion.

I would be really interested in your feedback as an expert in betting markets.

Jamie,

Much as I admire Blue Square as a firm and applaud your iniative for pricing up so many poker events, don't you think 40/1 the fileld in an event which attracted 667 players last year is a teensy weensy bit tight.

I know your boss is a tad risk adverse, but having the favourite at 100/1 would be a little bit fairer wouldn't you agree?

See you Saturday,

Keith

Very interesting thread as we just created a new poker tournament betting solution called PokerBet (you can see on our site thefirmpoker.com sry for the plug) which is designed to deal with the sportsbook difficulty in pricing up these events. Our product uses Titan Sports Book - if you bet on a player you win if the player reaches the final 9 and you get paid whatever they get paid as a multiplier of the buyin.

This way the bookie doesn't need to price up and bettor is getting the same odds as the player - assuming we like the returns poker provides from final tables this works all round in my opinion.

I would be really interested in your feedback as an expert in betting markets.