Increased UKIPT buy-ins a good idea?

[EvilPie]

Someone asked me recently if I thought increasing the UKIPT buy-ins for Season 3 up to 750 GBP or Euros was a good idea. I'm not sure if that's because this is happening or not but I thought it was worth some discussion.

My personal view is that most of the stops should stay at 500. With the current financial climate, a lot of recreational players will feel that paying 750 pushes it beyond what is reasonable to spend to have a bit of fun. The numbers of entrants have been the highest for any national tour of it's sort and that's because the price of entry is pitched just right. It suits a lot of players that would happily and do play higher because there is so much value to be had. Increase the price and the value will drop out and the numbers will go down.

I've got the feeling the price will go up, but if it isn't broke, why fix it?

This is just wrong.

The reason it's successful is because it's got pokerstars behind it.

Their player pool is so vast that they could make they entry fee pretty much whatever they want and they'll sell out any venue in the UK.

If they lose a few players who can't quite afford £750 they'll pick up a few others who think that £750 is just about worth playing for.

[relaedgc]

Someone asked me recently if I thought increasing the UKIPT buy-ins for Season 3 up to 750 GBP or Euros was a good idea. I'm not sure if that's because this is happening or not but I thought it was worth some discussion.

My personal view is that most of the stops should stay at 500. With the current financial climate, a lot of recreational players will feel that paying 750 pushes it beyond what is reasonable to spend to have a bit of fun. The numbers of entrants have been the highest for any national tour of it's sort and that's because the price of entry is pitched just right. It suits a lot of players that would happily and do play higher because there is so much value to be had. Increase the price and the value will drop out and the numbers will go down.

I've got the feeling the price will go up, but if it isn't broke, why fix it?

This is just wrong.

The reason it's successful is because it's got pokerstars behind it.

Their player pool is so vast that they could make they entry fee pretty much whatever they want and they'll sell out any venue in the UK.

If they lose a few players who can't quite afford £750 they'll pick up a few others who think that £750 is just about worth playing for.

[Gazza]

Was going to play a couple of these next season at £500 but wouldn't at £750.

same here.

[Dubai]

Cant believe anyone travels to play £500 slow deepstack events unless they are going for the social side- from financial side you need a 200% expected roi to even bother, and that dont include opportunity cost of playing online- therefore any good online player would need a 700% expected roi probably to bother wasting 3/4 days- obviously if its for social and fun then its different but all I read these days is a load of kids who dont leave the house if its not +ev so imagine that the higher the buyin, the quicker they will get on their scooters

[StuartHopkin]

Scootays surely, not scooters

[SuuPRlim]

My guess as to why they have done this is because due to the tours high popularity now there are only about 3 casino's in the UK that actually have the capacity to run one of these.

It's defo a tour aimed at enthusiastic recrational players, even £1k's are barely worth the time for most pro's unless they are on the doorstep.

UKIPT leeds imo

[Skippy]

Is this actually happening then? This thread started with a "do you think this is a good idea", then everyone else chimed in talking like it was a done deal.

I feel so underinformed 

[Whollyflush]

people look for deals for holidays where they will get a cheaper deal to Greece at last minute because it was a £100less than the holiday to turkey they were looking forward too

comparing average joe's consumer consumption and degenerate gamblers general punting around isn't a great anology.

[Whollyflush]

Cant believe anyone travels to play £500 slow deepstack events unless they are going for the social side- from financial side you need a 200% expected roi to even bother, and that dont include opportunity cost of playing online- therefore any good online player would need a 700% expected roi probably to bother wasting 3/4 days- obviously if its for social and fun then its different but all I read these days is a load of kids who dont leave the house if its not +ev so imagine that the higher the buyin, the quicker they will get on their scooters

I agree. When you consider how expensive it is to get to places like dublin/Edinburgh, add accomodation costs and drinks/food in these places your looking at over £1k easily.

[George2Loose]

Cant believe anyone travels to play £500 slow deepstack events unless they are going for the social side- from financial side you need a 200% expected roi to even bother, and that dont include opportunity cost of playing online- therefore any good online player would need a 700% expected roi probably to bother wasting 3/4 days- obviously if its for social and fun then its different but all I read these days is a load of kids who dont leave the house if its not +ev so imagine that the higher the buyin, the quicker they will get on their scooters

I agree. When you consider how expensive it is to get to places like dublin/Edinburgh, add accomodation costs and drinks/food in these places your looking at over £1k easily.

Well then up the prices for these locations- not the whole tour

[scotty77]

Cant believe anyone travels to play £500 slow deepstack events unless they are going for the social side- from financial side you need a 200% expected roi to even bother, and that dont include opportunity cost of playing online- therefore any good online player would need a 700% expected roi probably to bother wasting 3/4 days- obviously if its for social and fun then its different but all I read these days is a load of kids who dont leave the house if its not +ev so imagine that the higher the buyin, the quicker they will get on their scooters

I agree. When you consider how expensive it is to get to places like dublin/Edinburgh, add accomodation costs and drinks/food in these places your looking at over £1k easily.

Well then up the prices for these locations- not the whole tour

Umm because a lot of people will travel to UKIPT Manchester from Dublin/Edinburgh and will have just the same overall cost.....

I've never played a UKIPT before but intend on doing the whole tour next year and from a personal perspective I don't mind either way to the buy in....

[George2Loose]

Cant believe anyone travels to play £500 slow deepstack events unless they are going for the social side- from financial side you need a 200% expected roi to even bother, and that dont include opportunity cost of playing online- therefore any good online player would need a 700% expected roi probably to bother wasting 3/4 days- obviously if its for social and fun then its different but all I read these days is a load of kids who dont leave the house if its not +ev so imagine that the higher the buyin, the quicker they will get on their scooters

I agree. When you consider how expensive it is to get to places like dublin/Edinburgh, add accomodation costs and drinks/food in these places your looking at over £1k easily.

Well then up the prices for these locations- not the whole tour

Umm because a lot of people will travel to UKIPT Manchester from Dublin/Edinburgh and will have just the same overall cost.....

I've never played a UKIPT before but intend on doing the whole tour next year and from a personal perspective I don't mind either way to the buy in....

More people are obv travelling to those locations. Also the price of accommodation in those locations is a lot more than Manchester/Notts etc.

I really think upping the price will 1)Effect number of runners and 2) Mean that the better plays will play them. Hence for selfish reasons keep it as is. No idea re the overall effect regarding the poker economy

[ForthThistle]

Wil just increase the number of Staking Threads IMO.

[scotty77]

I really think upping the price will 1)Effect number of runners and 2) Mean that the better plays will play them. Hence for selfish reasons keep it as is. No idea re the overall effect regarding the poker economy

I don't really agree with that.  The GUKPT has a bigger BI and a more top heavy structure and a lot more of the big names shun that tour in favour of the UKIPT....

I reckon tho, as a whole, it would be better for the poker economy as a whole if the BI were kept at 550.

[SuuPRlim]

I think they have no choice but to up to £750 or start holding them in hotels etc like EPT, but hard to justify that as the juice is a lot smaller and this might lead them to upping the juice which will cause even more controversy