Partypoker March Mayhem

[TimsterToo]

http://www.partypoker.com/news/items/march_mayhem.html

Any ideas on how smart/dumb it is to buy as many tickets as possible?

It seems that the more tickets are sold the cheaper this is becoming for Party and a good way to get people to spend their Partypoints instead of buying stuff in the shop.

[Nickelcity]

So that's how they decided to redistribute the cash they siezed from ZJ.

[kiddj]

Or, perhaps they don't have enough of the items shown in the store compared to the amount of party points that players have.

[--Vegas--]

500 Prizes and over 70.000 Players.........Good Luck ;-)

[1C5]

I'll just buy a stinkin IPOD instead.

[PartySNGer]

Party dropped the ball on this one. They should have done this promo before opening the store then laughed as everyone blew their points on a retarded promo.

[purp]

I've got 46,000 points on my wifes account that isn't used anymore. Not enough to get anything good from the shop so i might buy 4600 tickets and see if i win one $200 prize, but i doubt it /images/graemlins/mad.gif

[thing85]

I will buy one or two tickets. If I lose, no big deal at all, since 200 pts is nothing. If I win $200, well, it's a hell of a deal.

[S&SGW]

The question is, how random is this? I'm not sure I trust it...

(of course I'll still probably buy a couple tickets)

I wonder if they are going to have a buy button on the account web page. Several of us have problems with the totals on that page. I'm afraid this could screw us up even more...

-S&SGW

[bigalt]

some initial (and probably faulty) calculations say that if you can buy .15% of the total tickets then they're worth .3 cents a point, which is about how much they're worth at the store?

[NickMPK]

This is sort of an interesting game theory problem, in that if each player only buys one ticket, the value of that ticket will be very high relative to what they spent. But each player also has a unilateral to buy more tickets.

But if everyone buys a lot of tickets, each player now has a unilateral incentive to buy less.

I would suggest that everyone on the board agree to buy exactly one ticket, but it would probably be useless, as we will be swamped by fish who want to gamble, especially with the bonus for multiple tickets hitting.

In any case, rather useless promotion.

[cnfuzzd]

This is a brilliant promotion, imo. I will not be participating, but then, this promotion isnt aimed at me really.

peace

john nickle

[xenthebrain]

[ QUOTE ]
I'll just buy a stinkin IPOD instead.

[/ QUOTE ]

[pokergrader]

[ QUOTE ]
[ QUOTE ]
I'll just buy a stinkin 60 gig IPOD nano instead.

[/ QUOTE ]

[/ QUOTE ]

[Newt_Buggs]

Just after working out some basic math I highly suspect that it would be more profitable to buy an Ipod and sell it on ebay.

[RikaKazak]

I'm going to buy 2 tickets /images/graemlins/wink.gif

[Parlay Slow]

yess.. no one buy any tickets

it's a terrible promotion

muahahahahha

[boracay]

/images/graemlins/smile.gif

[Petomane]

This isn't a promotion, it's a joke. Dump my Party points on a maybe? I don't think so.
Since they've opened up their store (and that took a long time) I venture to guess there's been a run on Ipods - tons of people like me who accumulated loads of points with nothing to spend them on.
So Party comes up with a scheme to get players to dump their points with NO guarantee.
If you fall for this one, I want you at my table.
I have no intention of buying a single ticket.

[StellarWind]

In all the time I've played no one has ever put an iPod in the pot.

This is a great promotion. Putting an extra $100,000 in the hands of the gamblers is a major benefit for all of us.

Appreciate what Party is doing for you.

[soah]

Buying a couple tickets seems to be the worst option. I'll either blow all of my points on it to try to catch the $500 bonus, or I'll buy none. I haven't yet decided which. Trying to estimate how many total tickets will be sold is going to be quite annoying.

[piki]

(choose the range you think is the most probable)

[bodhibabe]

I just bought a few and the numbers are sequential and in the 15,000 range at the moment. 1 in 30 to win sounds good to me (15000/500). Assuming the same rate of sales for later days that puts you at maybe 1 in 150 for the draw date. That's not nearly as bad as I would have expected.

It would be useful if people would post their ticket numbers on an ongoing basis...

[JoshuaD]

[ QUOTE ]
I will buy one or two tickets. If I lose, no big deal at all, since 200 pts is nothing. If I win $200, well, it's a hell of a deal.

[/ QUOTE ]

Do you really play poker?

[Daniture]

316XX now, so in less then 2 hours more then 15000 entries.

I think at the end of it all it'll be over 500K tickets. This promotion targets the lower recreational players who have a few thousand points not those of us who have accumulated enough points to get Ipods and the life.

[NewGuy]

[ QUOTE ]
316XX now, so in less then 2 hours more then 15000 entries.


[/ QUOTE ]

March Mayhem Ticket Drawing

Your ticket history:
Purchasing date Ticket number
03/04/2006 03:37:31 39037

[wonderwes]

I much rather save up for an Ipod as well.

[Jehaim]

I bought 2, Gamb00000000000l!

Ticketnumber: 601xx

[thing85]

[ QUOTE ]
[ QUOTE ]
I will buy one or two tickets. If I lose, no big deal at all, since 200 pts is nothing. If I win $200, well, it's a hell of a deal.

[/ QUOTE ]

Do you really play poker?

[/ QUOTE ]

I realize that what I said completely ignores the fact that my EV per point is the same regardless of how many tickets I purchase. I just don't think it's worth risking a lot of points on this "promotion." For the record, I'm not actually going to purchase any tickets.

[roueful]

I wonder if I can give them my old iPod and pool table in exchange for tickets?

[tehox]

[ QUOTE ]
I will buy one or two tickets. If I lose, no big deal at all, since 200 pts is nothing. If I win $200, well, it's a hell of a deal.

[/ QUOTE ]

OMG you don't understand the concept of EV? Maybe you really do but I'm going to intentionally interpret your post to mean that you don't. I'm smarter than you b/c I understand EV, and thought I'd post just to let you know that.

[w_alloy]

I just bought 700 so NOONE ELSE BUY ANY. I have absolutley no use for anything in the store, and I dont want to go through the ebay hassle.

Edit to add: numbers around 65000

[thing85]

[ QUOTE ]
[ QUOTE ]
I will buy one or two tickets. If I lose, no big deal at all, since 200 pts is nothing. If I win $200, well, it's a hell of a deal.

[/ QUOTE ]

OMG you don't understand the concept of EV? Maybe you really do but I'm going to intentionally interpret your post to mean that you don't. I'm smarter than you b/c I understand EV, and thought I'd post just to let you know that.

[/ QUOTE ]

I'm going to give you the benefit of the doubt and hope that this reply was sarcastic. In the event that it isn't, please refer to my earlier reply:

[ QUOTE ]
I realize that what I said completely ignores the fact that my EV per point is the same regardless of how many tickets I purchase. I just don't think it's worth risking a lot of points on this "promotion." For the record, I'm not actually going to purchase any tickets.


[/ QUOTE ]

[tehox]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I will buy one or two tickets. If I lose, no big deal at all, since 200 pts is nothing. If I win $200, well, it's a hell of a deal.

[/ QUOTE ]

OMG you don't understand the concept of EV? Maybe you really do but I'm going to intentionally interpret your post to mean that you don't. I'm smarter than you b/c I understand EV, and thought I'd post just to let you know that.

[/ QUOTE ]

I'm going to give you the benefit of the doubt and hope that this reply was sarcastic. In the event that it isn't, please refer to my earlier reply:

[ QUOTE ]
I realize that what I said completely ignores the fact that my EV per point is the same regardless of how many tickets I purchase. I just don't think it's worth risking a lot of points on this "promotion." For the record, I'm not actually going to purchase any tickets.


[/ QUOTE ]

[/ QUOTE ]

I was making fun of JoshuaD's post.

[Piers]

[ QUOTE ]
Why not just say get a certain number of Party Points and we will give you a X number of dollars?

[/ QUOTE ]

Because that will make it too obvious to the punter how little they are worth.

[ChunLisBF]

i plan on buying one ticket and treating it like the super lotto... wish me luck.

[Mark L]

im probably gonna buy one a day i think

[pokergrader]

Current number: 162XXX

[TomBrooks]

[ QUOTE ]
This is a great promotion. Putting an extra $100,000 in the hands of the gamblers is a major benefit for all of us. Appreciate what Party is doing for you.

[/ QUOTE ]

Stellar point, Stellar. I think I'll refrain from buying any tickets and just be grateful to Party Poker.

[Synergistic Explosions]

[ QUOTE ]
Appreciate what Party is doing for you.

[/ QUOTE ]

True, and they only took 960 million from us last year in fees. I sure appreciate how they do that.

Thankyou Party for all you are doing for us. I sure hope you make the 1.5 billion in 2006 that you are hoping for. Maybe you could charge more in tourney fees on rebuys or something.

[Synergistic Explosions]

[ QUOTE ]
This is a great promotion. Putting an extra $100,000 in the hands of the gamblers is a major benefit for all of us.

[/ QUOTE ]

Since they take out an average of 3 million per day in rakes and tourney fees and nobody seems to notice that, how is giving back 100,000 going to be noticed as a "major benefit" to the players?

Seriously, what you are saying is akin to stating that if you brought a grain of sand to the beach the beach would be better off.

[Artsemis]

Are you also pissed at restaunts for charging for food?

[bodhibabe]

212,504 = latest ticket number

still a better deal than buying merchandise at this point:
iPod 60GB video $400 / 100000 = $0.004 per point

$100,000 Mayhem / 21250400 = $0.0047 per point

[Vlight]

just bought 270 tickets.. /images/graemlins/laugh.gif

[Rhett]

This is obviously not going to be a "good deal". And even if it is, why not wait till the last minute to buy tickets? Duh.

[bodhibabe]

rhett, it is only "obvious" because people like me went out of their way to update you with the stats after buying one or two. and thanks for the tip about buying last minute - gosh that would never have occured to me!

[viper930]

its a scam, dont do it!

[viper930]

the tickets wont be random. they'll be rigged like the rest of partygaming

[KingMedicine]

[ QUOTE ]
the tickets wont be random. they'll be rigged like the rest of partygaming

[/ QUOTE ]

this is exactly why im not buying tickets. i can see the winners list looking like this:

aaaaaaa (first winner)
aaaabab
aababba
aacdef
...
...
abbbbsbsb (last winner)

[soah]

About 400,000 tickets were sold (was 380xxx with 10 minutes left), giving each point a value of about .25 cents. I purchased 150 tickets and my crude calculations told me that this increased the value of each point by about .11 cents (by giving me a shot at the $500 bonus, which is separate from the $100k prize pool). It's entirely possible that my math sucks and that I made a horrible decision, but if I did everything right then it seems I'm accepting variance for the chance to convert my points to cash at about the same rate as they are worth in the store.

[IWntErinNess]

i could be wrong but aren't the points in the store valued at about 3 cents each?

If 400,000 tickets were sold and each ticket was 100 points that would mean 40,000,000 points were redeemed to go for $100,000...

[piki]

How much you're getting per point is dependant on how many tickets you buy - because of the $500 bonus. You're getting 0.32 cents per point with 150 tickets out of 380,000 total (EV of ~$48).

Maximum EV would be with 1370 tickets, weighting 0.46 cents per point spent.

-pix

[8Tdiamonds]

Anyone know when we will know who the winners are? still no word yet.

[tehox]

[ QUOTE ]
i could be wrong but aren't the points in the store valued at about 3 cents each?



[/ QUOTE ]

I think you are wrong about this.

[bobbyi]

[ QUOTE ]
aaaaaaa (first winner)
aaaabab
aababba
aacdef
...
...
abbbbsbsb (last winner)

[/ QUOTE ]
aababba is my account name! Better go buy some tickets.

[purp]

I thought it said 5.00pm today but no results yet

[Anders]

[ QUOTE ]
I thought it said 5.00pm today but no results yet

[/ QUOTE ]

It did. I just called support, they apologized and said it would be posted at 11am tomorrow.

ENJOY!

[Nick B.]

2002 tickets bought, 4 tickets drawn, paid.

[piki]

2185 bought, 1 drawn. ENJOY!

-pix

[Nick B.]

[ QUOTE ]
2185 bought, 1 drawn. ENJOY!

-pix

[/ QUOTE ]

I owe you a bunch of sklansky dollars

[piki]

Yeah. Another bad beat by a rivered gutshot.

Who sells one winning ticket?

-pix

[purp]

Ok, so where the hell does it say who the winners are??

I guess i ain't one of them as i've heard nothing.

[Ren McCormack]

09-Mar-06 06:13 ET March Mayhem Promo Winners payment $200.00

130 tickets bought, I feel like dancing /images/graemlins/grin.gif

[Tk79]

0 tickets bought, 0 tickets drawn. WTF.

[Anders]

[ QUOTE ]
Ok, so where the hell does it say who the winners are??

I guess i ain't one of them as i've heard nothing.

[/ QUOTE ]

Seriously where does it say if your tickets were drawn /images/graemlins/frown.gif

[Nick B.]

Anders: Cashier

[Anders]

[ QUOTE ]
Anders: Cashier

[/ QUOTE ]

Thanks - where in the cashier? Maybe I am just drowsy as hell having just woken up but I don't see it anywhere...

[Nick B.]

If you have more money if your account, you won!

[Anders]

Oh. /images/graemlins/frown.gif

[EMc]

YEAHHHHHH!!!!!!!! Man this day sucked till like a minute ago.

[soah]

15k Partypoints spent, +$200 in my account. Yay for positive variance.

[pokergrader]

0/5

Should have gotten the stress ball...