Iron chops it at Walsall

[Dani Versace]

hey im a junior member YEP PEE!!!!!!!!!!

[tikay]

red dog and tikay i know ur in favour of a flatter stucture, but majority of the locals prefer the way we currently have it.

They WHAT? You jest, surely..........

[Dani Versace]

sorry tikay im not jesting, we ran a in-house questionnaire for the locals about 6 months back and one of the questions was, are u happy with the current prize structure.

[mikkyT]

sorry tikay im not jesting, we ran a in-house questionnaire for the locals about 6 months back and one of the questions was, are u happy with the current prize structure.

Loaded question...

[dik9]

Dani, (truce?) I get the same impression from our players that they are attracted by the carrot being dangled (ie. the 1st prize)  We give 39 % for 1st what does your place do?

[The Truth]

Ironside, well done mate.

[dik9]

Advice from you poker pro's please.

Lets say 100 people How many would you pay out and what would the % prize structure be.......?

[Dani Versace]

truce? OK ill sign the peace agreement, is there a get out clause? ;)LOL, we pay 40% for our first prize

[dik9]

Of course there is a get out clause LOL. What about 10th? 2% here.

[Dani Versace]

the same

[dan]

Lets say 100 people How many would you pay out and what would the % prize structure be.......?

100 people payout 10 (10% of entries is pretty standard)
maybe 28%-30% 1st prize

[mikkyT]

Lets say 100 people How many would you pay out and what would the % prize structure be.......?

100 people payout 10 (10% of entries is pretty standard)
maybe 28%-30% 1st prize

\o/ someone else who thinks like me. Unfortunately some of the fruitbats round this end are either not willing to listen to me babble on or are too greedy to want a lower first prize.

The fact that almost every game ends in an even split deal does not factor in their equation :|

[snoopy1239]

and congrats to snoopy

Thx Versaci. Much appreciated.

With regards to the structure, I think players like the idea of a massive first prize, but forget how frequently a deal is done, therefore resulting in that top figure rarely being won.

A deal was done with 7 left on the £300 as no-one wanted to risk ending up with a mere £1300. Blinds were getting big and the players realised that 1 bit of bad luck could cost them 2-3 grand.

Tell Zak ty from me for getting the chip count sorted. I could sense potential arguments and unnecessary bickering, but thankfully they were avoided.

 

[tikay]

And why are so many deals done?...........

[mikkyT]

And why are so many deals done?...........

Because the prize structure is lame!!!! (Rinse repeat ad finitum)

Back when we used to get a full quota of 88 players at the Riverboat, in what was only my second live tournament I found myself on the final table with over 80k in chips. Top 3 places where paid. I was feeling a lack of confidence and naeivety in deal making. I can't recall the full value in the pot, but I ended up taking £750 and finishing second in a 5 or 6 way split. First place took just over a grand, possibly 1300. He was not that much more than myself in chips. The rest was split between the other players. I was just happy to take a prize, with only one rebuy.

Plus my mother in law had fallen asleep at the computer roulette and I was fearing for the safety of my wallet as my wife was heading towards the roulette table again.