Vegas & The Aftermath - Diary

[The Camel]

I'm dumb.

Forget I ever posted.

Having said that... As long as the % takeout remains the same... deducting the reg fee from the prizepool rather than charging everyone a flat rate does make sense for the casino and I'm not totally opposed to it.

Although I am still dumb.

[gatso]

Its the reg fee

I think James is being playful. There's a big difference between making all players pay a standard 5-10% reg fee up front and doing what Walsall has just begun to, taking the fee only off those who cash (in an attempt to boost numbers)

sigh, that's not what walsall are doing at all though.

the point James is making is that a 1k tournament with 6% reg fee is identical to a £1060 tournament with 5.666% of the prizepool taken as juice.

no-one pays more juice than anyone else, it isn't the case that only those who cash pay when it's done the second way, the only difference in the 2 ways of collecting juice is in the semantics.

[dik9]

Which reg fee would you prefer

£180 + £18
£180 + £20
£200 + £20

Effectively the new change = £200 no reg fee, but 10% taken from pool = £180 + £20

[Woodsey]

I think the point is if they take a % of the pool instead of a reg fee there is the ability the up the % a touch with less people noticing. Of course the extreme of this is what happens in vegas where they totally take the piss with prize pool deductions.......

[Royal Flush]

for those who haven't quite figured it out yet....


IT IS EXACTLY THE SAME AS BEFORE!!!!

Tikay should be careful in slamming venues given the weight his word carries in poker, especially when its not justified.

[TightEnd]

I'll need to double check but this isn't my understanding at all. You cash, you pay juice. You don't cash, you pay no juice.

[AndrewT]

I think the point is if they take a % of the pool instead of a reg fee there is the ability the up the % a touch with less people noticing. Of course the extreme of this is what happens in vegas where they give you free alcoholic drinks

FYP

[dik9]

for those who haven't quite figured it out yet....


IT IS EXACTLY THE SAME AS BEFORE!!!!

Tikay should be careful in slamming venues given the weight his word carries in poker, especially when its not justified.

Wrong!!!

[AndrewT]

for those who haven't quite figured it out yet....

IT IS EXACTLY THE SAME AS BEFORE!!!!

Tikay should be careful in slamming venues given the weight his word carries in poker, especially when its not justified.

This is right.

With a reg fee the players hand over an amount of money, an amount of which (expressed as a cash value) does not go to the prize pool.

With a Walsall system the players hand over an amount of money, an amount of which (expressed as a percentage) does not go to the prize pool.

It's all semantics.

[dik9]

On paper looks like no difference, no effect to the pocket etc and can be advertised as no reg fee woo hoo!

But lets take a closer look, effectively you are paying £180 + £20 which is now an 11.11% registration fee making them an extra £200 per comp for 100 runners, but obviously, you as the player wont question this as you wont be paying any registration fee

[gatso]

I'll need to double check but this isn't my understanding at all. You cash, you pay juice. You don't cash, you pay no juice.

no, no, no.

once again.

GrosvenorA announce their ME, £1k + £60 (6% juice)

GrosvenorB announce their ME, £1,060 with 5.666% of prizepool removed as juice

100 players in each event

Prizepool for A = £1k x 100 players = £100k

Prizepool for B = £1,060 x 100 players - 5.666% = £100k

Juice for A = £60 x 100 players = £6k

Juice for B = 5.666% of £1060 x 100 players = £6k

players in both pay exactly the same, both prizepools are exactly the same and total juice is the same.

in short the 2 are identical (allowing for a touch of rounding up)

[AndrewT]

On paper looks like no difference, no effect to the pocket etc and can be advertised as no reg fee woo hoo!

But lets take a closer look, effectively you are paying £180 + £20 which is now an 11.11% registration fee making them an extra £200 per comp for 100 runners, but obviously, you as the player wont question this as you wont be paying any registration fee

Tournament A is £180+£20 and gets 100 runners.

Tournament B is £200+£20 and gets 100 runners.

Which tournament makes the casino more money?

[Woodsey]

Its the principle of it more than the actual amounts and where it might lead.......

[Karabiner]

for those who haven't quite figured it out yet....

IT IS EXACTLY THE SAME AS BEFORE!!!!

Tikay should be careful in slamming venues given the weight his word carries in poker, especially when its not justified.

This is right.

With a reg fee the players hand over an amount of money, an amount of which (expressed as a cash value) does not go to the prize pool.

With a Walsall system the players hand over an amount of money, an amount of which (expressed as a percentage) does not go to the prize pool.

It's all semantics.

Within those semantics however, is a means of increasing the juice from 10% to 11.5% to the uninitiated a la Walsall.

[dik9]

Are Luton taking a percentage from pot, or having a £60 reg fee?

I am talking about Walsalls £200 comp.

The prize pool for 100 runners is £18,000 , meaning that you paid £180 for the comp, if you work on 10% reg fee you should be paying £18 reg fee, not £20

[X] Loses faith in poker players maths