Vegas & The Aftermath - Diary

[dik9]

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?

Same Question

Tournament A is £50 + £20 and gets 100 runners

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

Which tournament makes the casino more money?

Which would you play?

[AndrewT]

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

Stop thinking about reg fees in terms of % of prize pool/buy-in. Who cares about %? A £1000 tournament does not cost 100 times as much to run as a £10 comp, therefore thinking of the casino's take as a % of the entries paid is clearly crazy.

Think about the actual cash amount that each player pays. This is easier to see where it is stated as a reg fee (which is why, for sake of clarity, I can see that clearly stated reg fees are better) but simply saying % out of prize pools makes casinos more money is not true if players actually think about what they are paying.

[dik9]

[X] Completely lost faith now

[AndrewT]

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?

Same Question

Tournament A is £50 + £20 and gets 100 runners

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

Which tournament makes the casino more money?

Which would you play?

If both tournaments have the same starting stacks, levels, clock, number of dealers and level of customer service, then why should one tournament charge its players a different amount for these things than another one?

Say that, instead of paying both parts at the same time you walk up to the desk and say 'I'd like to play in one of your tournaments please?'

'Certainly sir, our tournaments have a fee of £20'

*hands over £20*

'Now sir, which of our tournaments would you like to play? We have one at £50, one at £200 and one at £100,000. They all have the same structure, levels, clock etc'

If you were to play in the £100,000 tournament, would you feel ecstatic that you got your dealers and tournament for 'only £20' whereas the suckers playing the £50 tourney had to pay an extortionate £20 for the exact same thing?

[boldie]

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

Stop thinking about reg fees in terms of % of prize pool/buy-in. Who cares about %? A £1000 tournament does not cost 100 times as much to run as a £10 comp, therefore thinking of the casino's take as a % of the entries paid is clearly crazy.

Think about the actual cash amount that each player pays. This is easier to see where it is stated as a reg fee (which is why, for sake of clarity, I can see that clearly stated reg fees are better) but simply saying % out of prize pools makes casinos more money is not true if players actually think about what they are paying.

Yeah that is of course correct. I think the main problem in Walsall is that they increased the % taken out of the prizepool.

In Flushy's example there is of course no difference.

[dik9]

Flushy's example is a piss take

Luton are charging £60 reg no problem

Luton are not taking anything away from the prize pool

[AndrewT]

Yeah that is of course correct. I think the main problem in Walsall is that they increased the % taken out of the prizepool.

That's the problem - not the fact it's expressed differently.

It would be the same if the GUKPT suddenly became a £1000+£100 tournament.

Anyone can convert a % taken out of prizepool to a £ amount if they know what numbers are.

[dik9]

Listen

Pre 2005 gaming act casinos were only allowed to charge 10% upto a max of £50

What you actually are stating is that you are fine with an increase of reg fee, that's your perrogative, my gripe is that it is hidden in the wording

[dik9]

Oh and Sorry Tikay for hijaking thread 

I shall stop now

[Bongo]

I'd have thought the problem with % deductions is for events like rebuys - each rebuy would be raked, or and added money event (£10,000 added, £1,000 taken out of the prizepool).

[Royal Flush]

Flushy's example is a piss take

Luton are charging £60 reg no problem

Luton are not taking anything away from the prize pool

I am surprised someone in the industry can't see its the same thing!

Yes there is a small increase in % as i stated quite a few pages back, my point was the argument of they are robbing the prizepool or something.

Am very surprised Tighty can't see its the same thing!

[TightEnd]

My opinion is it isn't!

however surprisingly. 

[EvilPie]

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.

I can't see how this can make any difference?

If everybody pays juice up front then it comes out of the prizepool for those that cash. If it's only those who cash that pay juice then it comes out of the same prize pool.

Sounds similar to the old dilemma of whether to pay your 10% gambling tax up front or on your winnings. Ultimately it makes absolutely no difference which way round you do it.

[TightEnd]

Sounds similar to the old dilemma of whether to pay your 10% gambling tax up front or on your winnings. Ultimately it makes absolutely no difference which way round you do it.

yes it does..not in %age terms but in hard cash it does

Anyway, I bow to others greater knowledge!

[Karabiner]

Sounds similar to the old dilemma of whether to pay your 10% gambling tax up front or on your winnings. Ultimately it makes absolutely no difference which way round you do it.

yes it does..not in %age terms but in hard cash it does

Anyway, I bow to others greater knowledge!

[X] Someone has hacked into Tighty's account