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Author Topic: The partypoker Millions at DTD £6m GTD (£1m 1st place)  (Read 55678 times)
TightEnd
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« on: September 22, 2016, 04:02:02 PM »

£5,000,000 guaranteed in the partypoker Millions event

£1,000,000 cash for 1st place

Grand final held at Nottingham’s Dusk Till Dawn in April 2017

Qualify live or online

blog link: http://www.partypoker.com/blog/partypoker-millions-guarantees-1-million-for-the-champion.html

schedule, satellites and bonuses: http://www.dusktilldawncasinonottingham.com/event/millions/

 Click to see full-size image.


« Last Edit: October 20, 2016, 04:29:21 PM by TightEnd » Logged

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« Reply #1 on: September 22, 2016, 04:49:34 PM »

£500 + £50 Day 1 Buy in (100K starting chips)

£5,000 + £300 Day 2 Buy in (1 MILLION starting chips)

Use your £550 and £5300 Flexible Seats won on partypoker (this is why we made them flexible)

qualifiers from a cent upwards into the day ones
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« Reply #2 on: September 22, 2016, 07:05:03 PM »

Wow,  glgl.  Fortune favours the brave and all that.
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« Reply #3 on: September 22, 2016, 07:28:36 PM »

this tries to explain how it works

you can qualify into day 1 2 or 3, whichever levels suits

for example day 1 via $22 and $109 feeders on party

 Click to see full-size image.
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« Reply #4 on: September 22, 2016, 07:30:36 PM »

i think these parts are really good. different, and added value

£550 Day 2 Cash Bonus

    The first 100 players to make Day 2 either through a Dusk Till Dawn Live Day 1 or a partypoker Online Day 1 will receive a £550 cash bonus i.e. your buy-in back
    This £55,000 is NOT deducted from the £5 Million Gtd prizepool – this is £55,000 of added value to players as a thank you for helping us kick start the Day 1s
    partypoker Online Day 1 players who make Day 2 will receive £550 cash into their partypoker accounts the next day and Dusk Till Dawn Live Day 1 players who make Day 2 will receive £550 cash at the Club cash desk after their Live Day 1 is completed


$1500 Day 3 Caribbean Bonus

    There is a special edition of MILLIONS at the 2016 Caribbean Poker Party in Punta Cana:
    14:00 Thu 24th Nov Live Day 1 – £500 + £50
    17:00 Thu 24th Nov Live Day 1 – £500 + £50
    14:00 Fri 25th Nov Live Day 2 – £5000 + £300
    Every player who makes Day 3 on Fri 25th Nov will receive a $1500 cash bonus
    These $1500 cash bonuses are NOT deducted from the £5 Million Gtd prizepool – this is added value to players as a thank you for helping us promote MILLIONS at the Caribbean Poker Party, Punta Cana
    Players will receive their $1500 cash bonus in Punta Cana after the Day 2 is completed


gives earlybirds the chance to freeroll a really big score
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« Reply #5 on: September 23, 2016, 05:06:24 AM »

Predicting now live day ones will be empty, no hype for a tournament in 6 months time. Huge scramble for "seats" to the 5300 after with many extra day ones added. Dtd scramble over the guarantee.

Please do it properly. Please don't add infinite days after the announced schedule. Please make sure the online day ones function properly. The grand prix online has some horrible situations with play at the end of days ones being short handed etc. This might not matter with so few days ones but I feel like this will change over time.

I'd rather have a huge 5k event with qualifiers than this multi day thing, even though it's similar. Also make sure the buy-in rates are forexed properly, could be an issue that is highlighted more now.

Good luck guys!
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« Reply #6 on: September 23, 2016, 11:03:20 AM »

There are going to be a lot of day ones that aren't announced yet, no moving the goalposts about it

these will be online, live at dtd, live around the country in casino partners and overseas

the promotions for early qualifiers effectively give you free equity too, as buy ins are refunded almost immediately

the day ones have to start early, as the majority of the field is going to hope to qualify into £550s (the DTD flexible satellties are designed for this) and therefore you need a long run up with this massive guarnatee
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« Reply #7 on: September 23, 2016, 07:09:58 PM »

I don't get it. Why the huge wait between day 1 and day 2?

They're trying to muster a £5m pot, from a £550 buyin


the potential for a real life event to take away the possibility of playing a Day 2.

There are four D2s to be fair, so plan to play an early one with the last as a backup. And you could say the same about any tourny spanning multiple days really.


potential of large amount of extra day 1's being put into calender/goalposts being moved.

I for one wouldn't want to see DTD keep missing these huge guarantees by much, damaging the long-term viability of these big tournies. Goalposts are often moved with DTD, but I think it's a small price to pay for all the added value around in their sats/promos. I will be bagging a £2.2k seat at the WPT just for qualifying for a load of GPPTs. I didn't complain when more legs were added I just got my head down and qualified for more.
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« Reply #8 on: September 24, 2016, 09:59:02 AM »

Simon posted as follows in response to questions about the sample payout

"Just a point on payouts.

What has happened over the past few years is operators have not adjusted their payouts to reflect re-entries [which are effectively the same as a ReBuy], so instead of the traditional 10% getting paid, in reality some events are paying as much as 20-30% of unique players because there are not factoring in re-entries.

This has resulted in low min cashes and low payouts in the final table. For example, a Grand Prix can have 3 X £75 average spend per player, so the min cash should be nearer £500 to give players value for their time and travel and buy-ins invested, with a the payout based on unique players IE if a player has 5 bullets - he is still just 1 player - this is the same as how payouts were previous to invention of re-entry.

Another example would be a £20 ReBuy with average spend of £60, say you get 100 runners, total rebuys would be 300 - but you would never pay 30 players [30% of the field], you would pay 10 +, we believe re-entries should be treated in the same way, paying 10%-15% of unique players depending on the event as there is effectively no different between a ReBuy and Re-Entry - it's just the same person putting more money into the prizepool.

I guess the most infamous example of how re-entries can scew a payout is the WSOP Colossus - when everyone was up in arms that the rake was more than 1st place - if this payout had been based on unique players this would not have happened.

Why are operators still doing this?

Of course it's best for the live or online operator to pay as many places as possible! Re-entry allows them to look like try are still paying 10-15% of the field but in reality, multi re-entry events are now paying at least 20-30% of the field which is perfect for the operator but not for the players.

Cheers Simon"
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« Reply #9 on: September 25, 2016, 12:02:03 AM »

Simon posted as follows in response to questions about the sample payout

"Just a point on payouts.

What has happened over the past few years is operators have not adjusted their payouts to reflect re-entries [which are effectively the same as a ReBuy], so instead of the traditional 10% getting paid, in reality some events are paying as much as 20-30% of unique players because there are not factoring in re-entries.

This has resulted in low min cashes and low payouts in the final table. For example, a Grand Prix can have 3 X £75 average spend per player, so the min cash should be nearer £500 to give players value for their time and travel and buy-ins invested, with a the payout based on unique players IE if a player has 5 bullets - he is still just 1 player - this is the same as how payouts were previous to invention of re-entry.

Another example would be a £20 ReBuy with average spend of £60, say you get 100 runners, total rebuys would be 300 - but you would never pay 30 players [30% of the field], you would pay 10 +, we believe re-entries should be treated in the same way, paying 10%-15% of unique players depending on the event as there is effectively no different between a ReBuy and Re-Entry - it's just the same person putting more money into the prizepool.

I guess the most infamous example of how re-entries can scew a payout is the WSOP Colossus - when everyone was up in arms that the rake was more than 1st place - if this payout had been based on unique players this would not have happened.

Why are operators still doing this?

Of course it's best for the live or online operator to pay as many places as possible! Re-entry allows them to look like try are still paying 10-15% of the field but in reality, multi re-entry events are now paying at least 20-30% of the field which is perfect for the operator but not for the players.

Cheers Simon"

Firstly, as I posted first in this thread, I just love the idea, and I am not really bothered about a whole bunch of unknown day 1s/day two spades that will happen in the future.  You clearly have to get somewhere near the guarantee by whatever means are reasonable, and I don't expect you just to spew £4m just because people don't realise this is likely to happen.  But...

The whole payout structure just looks very wrong to me, and I don't even think the explanation makes much sense.

Either this is a £5000 tournament with £500 satelites or it is a £500 one.  The balance feels all wrong if you are marketing this as a £500 one.  If you are marketing it as a £5k tournament, it might look different.

The structure quoted has 144 payouts ranging from a million down to £5000.  Maybe my maths is wrong but I get very close to £5m (4,850,000) so I don't think there are any payouts missing and maybe a 3% deduction.  Whether it is 4.85m or 5m isn't my main concern so I won't dwell on it.  (my maths could easily be wrong, as I had to hand type them into a spreadsheet, but I can't be far out and I don't want to waste time on it, as it isn't my main point).

If this is a £500 tournament, and it is marketed as such, and it will only ever be that for me and the vast majority of entrants, there are effectively 10,000 entries and 144 prizes.  So I am going to be playing an awful lot of days/hours to get to the cash.  In the past I have played the main event twice and reached day 3 twice and not cashed.  It is a pretty brutal thing to gothrough, so much so that I just don't play it anymore.  The main event pays 15% of starters, this is paying less than 10% of those (1.44%).  Maaybe that will please some absolute punters, but it doesn't suit those of us who really value £500.

I know you can say it is a rebuy, but maybe rebuys were always viewed wrongly and not the other way round.  I get knocked out of a £500 tournament that money has gone.  If I re-enter this, and I am not even certain to do that. it is something that is an entirely new tournament with an entirely new £500 cost.  If I get a cash, the comparison is between that cash and the £500 entry, and not the other £500 entries to this tournament or all the other £500 entries I have spewed away over the years.  Those are sunk costs in economic terms, and will never be seen again no matter how many other tournaments I play.  I don't suddenly get a double stack on my second entry, so I think I am viewing it in a rational way.

I just don't want, or need, this kind of volatility when I pitch in £500.  It just seems a massive overreaction to the people who complained about the 20% payouts at EPT Barcelona.  There is a place where most wil be happy and that is somewhere between 10 and 15% payouts.  Nobody is going to be unhappy if you do this.  Where as if that example payout goes ahead, I can't see anything other than an even bigger reaction than happened in Barcelona. 

The people who enter on day 3 with their 5k know that they could lose their 5k or most of it if they min cash on a standard structure.  Most of those that pay in their 500, know in a standard tournament that 85% or 90% of the time they go home with nothing.  Don't make it 98.5% for most of us, just to please the big swinging dicks with their 5k entries. It is going way too far, it is at the expense of the smaller/newer players.  And the smaller players are those that are important for the future, and not those who have enough that they can pony up with 5k on day 3.     

It is just a minor aside, but the top payout in the Collosus was screwed by a decision to pay a smaller proportion of the prize fund to the top player and nothing to do with uniques or re-entries.    If they had 21613 uniques with no re-entries and paid 15% and just paid a million for the top, the end result would be the same and the expenses would be higher than the first prize.  The same people would still whinge in the same way.

This post is already a bit TLDR, but this is the payout structure for 10,000 5k entries on the DTD website right now.  It is included, just so people don't understand what the post is about.

1   £1,000,000
2   £600,000
3   £400,000
4   £300,000
5   £200,000
6   £150,000
7   £100,000
8   £70,000
9   £50,000
10   £40,000
11   £40,000
12   £40,000
13   £35,000
14   £35,000
15   £35,000
16   £30,000
17   £30,000
18   £30,000
19   £25,000
20   £25,000
21   £25,000
22   £25,000
23   £25,000
24   £25,000
25   £25,000
26   £25,000
27   £25,000
28   £22,500
29   £22,500
30   £22,500
31   £22,500
32   £22,500
33   £22,500
34   £22,500
35   £22,500
36   £22,500
37   £20,000
38   £20,000
39   £20,000
40   £20,000
41   £20,000
42   £20,000
43   £20,000
44   £20,000
45   £20,000
46   £17,500
47   £17,500
48   £17,500
49   £17,500
50   £17,500
51   £17,500
52   £17,500
53   £17,500
54   £17,500
55   £15,000
56   £15,000
57   £15,000
58   £15,000
59   £15,000
60   £15,000
61   £15,000
62   £15,000
63   £15,000
64   £15,000
65   £15,000
66   £15,000
67   £15,000
68   £15,000
69   £15,000
70   £15,000
71   £15,000
72   £15,000
73   £12,500
74   £12,500
75   £12,500
76   £12,500
77   £12,500
78   £12,500
79   £12,500
80   £12,500
81   £12,500
82   £12,500
83   £12,500
84   £12,500
85   £12,500
86   £12,500
87   £12,500
88   £12,500
89   £12,500
90   £12,500
91   £10,000
92   £10,000
93   £10,000
94   £10,000
95   £10,000
96   £10,000
97   £10,000
98   £10,000
99   £10,000
100   £10,000
101   £10,000
102   £10,000
103   £10,000
104   £10,000
105   £10,000
106   £10,000
107   £10,000
108   £10,000
109   £7,500
110   £7,500
111   £7,500
112   £7,500
113   £7,500
114   £7,500
115   £7,500
116   £7,500
117   £7,500
118   £7,500
119   £7,500
120   £7,500
121   £7,500
122   £7,500
123   £7,500
124   £7,500
125   £7,500
126   £7,500
127   £5,000
128   £5,000
129   £5,000
130   £5,000
131   £5,000
132   £5,000
133   £5,000
134   £5,000
135   £5,000
136   £5,000
137   £5,000
138   £5,000
139   £5,000
140   £5,000
141   £5,000
142   £5,000
143   £5,000
144   £5,000
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« Reply #10 on: September 25, 2016, 06:21:37 PM »

this tries to explain how it works

you can qualify into day 1 2 or 3, whichever levels suits

for example day 1 via $22 and $109 feeders on party

 Click to see full-size image.



Ohhh....just about doable (never easy when big tourneys climax around Easter hols, when juggling kids/work)

Fly back from hols on 18th....so hopefully straight to DTD on the 19th, after taking the kids to school for their first day back  Smiley
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« Reply #11 on: September 25, 2016, 06:31:08 PM »

Simon posted as follows in response to questions about the sample payout

"Just a point on payouts.

What has happened over the past few years is operators have not adjusted their payouts to reflect re-entries [which are effectively the same as a ReBuy], so instead of the traditional 10% getting paid, in reality some events are paying as much as 20-30% of unique players because there are not factoring in re-entries.

This has resulted in low min cashes and low payouts in the final table. For example, a Grand Prix can have 3 X £75 average spend per player, so the min cash should be nearer £500 to give players value for their time and travel and buy-ins invested, with a the payout based on unique players IE if a player has 5 bullets - he is still just 1 player - this is the same as how payouts were previous to invention of re-entry.

Another example would be a £20 ReBuy with average spend of £60, say you get 100 runners, total rebuys would be 300 - but you would never pay 30 players [30% of the field], you would pay 10 +, we believe re-entries should be treated in the same way, paying 10%-15% of unique players depending on the event as there is effectively no different between a ReBuy and Re-Entry - it's just the same person putting more money into the prizepool.

I guess the most infamous example of how re-entries can scew a payout is the WSOP Colossus - when everyone was up in arms that the rake was more than 1st place - if this payout had been based on unique players this would not have happened.

Why are operators still doing this?

Of course it's best for the live or online operator to pay as many places as possible! Re-entry allows them to look like try are still paying 10-15% of the field but in reality, multi re-entry events are now paying at least 20-30% of the field which is perfect for the operator but not for the players.

Cheers Simon"

Firstly, as I posted first in this thread, I just love the idea, and I am not really bothered about a whole bunch of unknown day 1s/day two spades that will happen in the future.  You clearly have to get somewhere near the guarantee by whatever means are reasonable, and I don't expect you just to spew £4m just because people don't realise this is likely to happen.  But...

The whole payout structure just looks very wrong to me, and I don't even think the explanation makes much sense.

Either this is a £5000 tournament with £500 satelites or it is a £500 one.  The balance feels all wrong if you are marketing this as a £500 one.  If you are marketing it as a £5k tournament, it might look different.

The structure quoted has 144 payouts ranging from a million down to £5000.  Maybe my maths is wrong but I get very close to £5m (4,850,000) so I don't think there are any payouts missing and maybe a 3% deduction.  Whether it is 4.85m or 5m isn't my main concern so I won't dwell on it.  (my maths could easily be wrong, as I had to hand type them into a spreadsheet, but I can't be far out and I don't want to waste time on it, as it isn't my main point).

If this is a £500 tournament, and it is marketed as such, and it will only ever be that for me and the vast majority of entrants, there are effectively 10,000 entries and 144 prizes.  So I am going to be playing an awful lot of days/hours to get to the cash.  In the past I have played the main event twice and reached day 3 twice and not cashed.  It is a pretty brutal thing to gothrough, so much so that I just don't play it anymore.  The main event pays 15% of starters, this is paying less than 10% of those (1.44%).  Maaybe that will please some absolute punters, but it doesn't suit those of us who really value £500.

I know you can say it is a rebuy, but maybe rebuys were always viewed wrongly and not the other way round.  I get knocked out of a £500 tournament that money has gone.  If I re-enter this, and I am not even certain to do that. it is something that is an entirely new tournament with an entirely new £500 cost.  If I get a cash, the comparison is between that cash and the £500 entry, and not the other £500 entries to this tournament or all the other £500 entries I have spewed away over the years.  Those are sunk costs in economic terms, and will never be seen again no matter how many other tournaments I play.  I don't suddenly get a double stack on my second entry, so I think I am viewing it in a rational way.

I just don't want, or need, this kind of volatility when I pitch in £500.  It just seems a massive overreaction to the people who complained about the 20% payouts at EPT Barcelona.  There is a place where most wil be happy and that is somewhere between 10 and 15% payouts.  Nobody is going to be unhappy if you do this.  Where as if that example payout goes ahead, I can't see anything other than an even bigger reaction than happened in Barcelona. 

The people who enter on day 3 with their 5k know that they could lose their 5k or most of it if they min cash on a standard structure.  Most of those that pay in their 500, know in a standard tournament that 85% or 90% of the time they go home with nothing.  Don't make it 98.5% for most of us, just to please the big swinging dicks with their 5k entries. It is going way too far, it is at the expense of the smaller/newer players.  And the smaller players are those that are important for the future, and not those who have enough that they can pony up with 5k on day 3.     

It is just a minor aside, but the top payout in the Collosus was screwed by a decision to pay a smaller proportion of the prize fund to the top player and nothing to do with uniques or re-entries.    If they had 21613 uniques with no re-entries and paid 15% and just paid a million for the top, the end result would be the same and the expenses would be higher than the first prize.  The same people would still whinge in the same way.

This post is already a bit TLDR, but this is the payout structure for 10,000 5k entries on the DTD website right now.  It is included, just so people don't understand what the post is about.

1   £1,000,000
2   £600,000
3   £400,000
4   £300,000
5   £200,000
6   £150,000
7   £100,000
8   £70,000
9   £50,000
10   £40,000
11   £40,000
12   £40,000
13   £35,000
14   £35,000
15   £35,000
16   £30,000
17   £30,000
18   £30,000
19   £25,000
20   £25,000
21   £25,000
22   £25,000
23   £25,000
24   £25,000
25   £25,000
26   £25,000
27   £25,000
28   £22,500
29   £22,500
30   £22,500
31   £22,500
32   £22,500
33   £22,500
34   £22,500
35   £22,500
36   £22,500
37   £20,000
38   £20,000
39   £20,000
40   £20,000
41   £20,000
42   £20,000
43   £20,000
44   £20,000
45   £20,000
46   £17,500
47   £17,500
48   £17,500
49   £17,500
50   £17,500
51   £17,500
52   £17,500
53   £17,500
54   £17,500
55   £15,000
56   £15,000
57   £15,000
58   £15,000
59   £15,000
60   £15,000
61   £15,000
62   £15,000
63   £15,000
64   £15,000
65   £15,000
66   £15,000
67   £15,000
68   £15,000
69   £15,000
70   £15,000
71   £15,000
72   £15,000
73   £12,500
74   £12,500
75   £12,500
76   £12,500
77   £12,500
78   £12,500
79   £12,500
80   £12,500
81   £12,500
82   £12,500
83   £12,500
84   £12,500
85   £12,500
86   £12,500
87   £12,500
88   £12,500
89   £12,500
90   £12,500
91   £10,000
92   £10,000
93   £10,000
94   £10,000
95   £10,000
96   £10,000
97   £10,000
98   £10,000
99   £10,000
100   £10,000
101   £10,000
102   £10,000
103   £10,000
104   £10,000
105   £10,000
106   £10,000
107   £10,000
108   £10,000
109   £7,500
110   £7,500
111   £7,500
112   £7,500
113   £7,500
114   £7,500
115   £7,500
116   £7,500
117   £7,500
118   £7,500
119   £7,500
120   £7,500
121   £7,500
122   £7,500
123   £7,500
124   £7,500
125   £7,500
126   £7,500
127   £5,000
128   £5,000
129   £5,000
130   £5,000
131   £5,000
132   £5,000
133   £5,000
134   £5,000
135   £5,000
136   £5,000
137   £5,000
138   £5,000
139   £5,000
140   £5,000
141   £5,000
142   £5,000
143   £5,000
144   £5,000

Will give it a shot obviously....but good post from Doobs.
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DropTheHammer
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« Reply #12 on: September 25, 2016, 11:47:37 PM »

Maybe my maths is wrong but I get very close to £5m (4,850,000) so I don't think there are any payouts missing and maybe a 3% deduction.  Whether it is 4.85m or 5m isn't my main concern so I won't dwell on it.  (my maths could easily be wrong, as I had to hand type them into a spreadsheet, but I can't be far out and I don't want to waste time on it, as it isn't my main point).

Yeah your maths is right, DTD are taking 3% off the prizepool according to this page "3% of all prizepools will be witheld for operational / licensing cost except in the Devilfish Cup where this will be donated to charity".

The price of poker is going up! Not really such a surprise; as the other tours have shrunk/disappeared there is less choice and I guess DTD is full for all of these big tournies.
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TightEnd
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« Reply #13 on: September 26, 2016, 11:00:03 AM »

Maybe my maths is wrong but I get very close to £5m (4,850,000) so I don't think there are any payouts missing and maybe a 3% deduction.  Whether it is 4.85m or 5m isn't my main concern so I won't dwell on it.  (my maths could easily be wrong, as I had to hand type them into a spreadsheet, but I can't be far out and I don't want to waste time on it, as it isn't my main point).

Yeah your maths is right, DTD are taking 3% off the prizepool according to this page "3% of all prizepools will be witheld for operational / licensing cost except in the Devilfish Cup where this will be donated to charity".

The price of poker is going up! Not really such a surprise; as the other tours have shrunk/disappeared there is less choice and I guess DTD is full for all of these big tournies.

that is for the WPT UK festival

to the best of my knowledge there are no such deductions for the Millions tournament
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I watch the world outside
By the way, I'm leaving out today
TightEnd
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« Reply #14 on: September 26, 2016, 05:10:49 PM »

Maybe my maths is wrong but I get very close to £5m (4,850,000) so I don't think there are any payouts missing and maybe a 3% deduction.  Whether it is 4.85m or 5m isn't my main concern so I won't dwell on it.  (my maths could easily be wrong, as I had to hand type them into a spreadsheet, but I can't be far out and I don't want to waste time on it, as it isn't my main point).

Yeah your maths is right, DTD are taking 3% off the prizepool according to this page "3% of all prizepools will be witheld for operational / licensing cost except in the Devilfish Cup where this will be donated to charity".

The price of poker is going up! Not really such a surprise; as the other tours have shrunk/disappeared there is less choice and I guess DTD is full for all of these big tournies.

that is for the WPT UK festival

to the best of my knowledge there are no such deductions for the Millions tournament

correction. you are right i am wrong. there is that deduction
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My eyes are open wide
By the way,I made it through the day
I watch the world outside
By the way, I'm leaving out today
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