Casinos, festivals and prize money

[Karabiner]

This week there were festivals at Sheffield, Broadway Birmingham and Brighton.

Sheffield's main £1k event had 41 runners, and their middle event (a £250PLH rebuy) 57 runners.

But they still paid ten places.

The Broadway in Birmingham (one of my favourite casinos), had 120 runners on Wednesday for their £300NLH F/O.

They also paid ten places.

Surely it is time for a little free thinking to be implemented. 10% of the field or thereabouts should be paid.

Certainly some kind of formula is called for.

Rigidly sticking to a predetermined payout structure no matter how many runners seems rather silly to me.

[ifm]

I know Grosvenor pay according to numbers, i think, if there are more than 100 they pay 18 places (formerly 20).
It was pretty daft to change from 10 seater finals to 9 though, i think they just like to be a bit different.

[vampitup]

The prize structure for the shootout in Brighton gave the same for 3rd-6th in the final.  This was pretty odd in my opinion. They also paid 12 positions total out of 41 runners, with 7th-12th (runners up on each table) getting money back.

[AndrewT]

I thought it was best to have 9 seater finals, so that at the final table bubble, you have two tables of 5.

With a ten seat final table, the bubble happens with a table of 6 and a table of 5, so the shortstack at the smaller table is at a disadvantage.

[Karabiner]

The prize structure for the shootout in Brighton gave the same for 3rd-6th in the final.  This was pretty odd in my opinion. They also paid 12 positions total out of 41 runners, with 7th-12th (runners up on each table) getting money back.

Shootouts understandably need a different payout structure.

My reference is to bog-standard MTT's.

[AceofWands]

Gala seem to stick rigidly to their payout structure irrespective the number runners.  I've played a re-buy with 16 runners and the usual 10 places were paid! (winner 35% 10th 1%)

All casinos need to do is copy a MTT payout structure table from any Internet site and use that.

 

[londonpokergirl]

I alter my prize structure according to runners in the tourney , approx 10% of field, but adjusted accordingly

[Karabiner]

The prizemoney also needs to be more carefully structured in the way that it increases.

If the difference between 8th and 7th is £300 for example, then the difference between 7th and 6th should be greater.

And the difference between 6th and 5th greater still, and so on.

In many casinos I could show examples where there is a £600 difference between 8th and 7th, followed by a £200 increase for the next prize.

Both Walsall and Broadway do this.

It is not rocket science to graduate these payout structures properly.

[b4matt]

I thought it was best to have 9 seater finals, so that at the final table bubble, you have two tables of 5.

With a ten seat final table, the bubble happens with a table of 6 and a table of 5, so the shortstack at the smaller table is at a disadvantage.

Dead on the money.

 

Great Thread too Karabiner