Alex,
You plonker. This is wrong, full details will be released later today but here is a snapshot.
Its
25 POINTS a month to enter the scheme - not 40
25 points = Super 50 £58
50 Points = 2 x Super 50 £116
75 Points = Six Max £168
100 Points = Deesptack £336
150 Points = 2 x Deepstack £672
200 Points = Monte Carlo £1090
Cash Game Hours at the table are multiplied by a FACTOR for table limits to work out a PLAYERS POINTS:
50p £1 = 1 X Hours
£1-£2 & £2-£2= 1.25 X Hours
£2-£5 and £5-£5+ = 1.5 X Hours
For example. To get a £336 Deepstack seat:
£50-£1 player must do 100 hours (25 per week)
£1-£2 or £2-£2 player must do 80 hours (20 per week)
£2-£5 or £5 £5+ Player must do 67 hours in month (16.7 per week)
Out of an average of 1300 unique cash game players a month, on average 125 (spread of 100 - 150 depending on weekend events we hold) do 25+ hours a week, so just under 10% of our cash game players will benefit from this scheme.
Seats can be transferred to late date, transferred to another player, or sold if you don't want to play the comps
Same reasoning as Final Table Challenge - we will put our loyal players into these events for free rather than have the overlays or cut GTE's. Don't feel this is a crazy scheme as it is not, we actually can't lose much over the year with 0% uplift in our comps or cash games - as we have lost £350k in overlays anyway in just 9 months, and these extra players into our events will mean much less overlays. I have done the maths, we are short around 30 - 40 £300 Deepstack players at a £100k GTE, and the Cash Game Bonuses should give around 20 Deepstack seats away and the Final Table Challenge about 15 Deepstack seats, I will blog the maths later this week
Cheers Rob
Author