Venetian $500,000 Freeroll (For poker players or casino high rollers)

[DayTripping]

[ QUOTE ]
The issue here is that based on the number of people that had made the 50 hours in the first month, I set a value on what that seat would be worth. At that time I expected the field to be somewhere around 300. If you divide the $500k by 300 you have a value of $1666.66. I then divide that number by the 150 hours to figure out how much they are basicly paying me to play there. That figure comes out to $11.11 per hour. So now if at the end they allow there table game players and slot players to come in and take up seats it lowers the value of each seat there by lowering the amount they are paying the qualified players to play.

[/ QUOTE ]

Oh my God now the Venetian is only paying you $10.68/hour instead of $11.11/hour to sit on your ass and play poker. Somebody do something about this.

You are a nit, and you need to learn a lesson in gratitude.

[MrMoo]

I'm pretty sure the "freeroll" has to have a minimum number of players for it to be the full 500k payout. If less than 300 (or whatever number) people qualified, you should be happy if they're letting in high rollers who don't know how to play. If they're letting in people above the minumum, you're getting screwed.

[CanIPlayII]

Why don't you put up $500,000 and you can make the rules.

[bav]

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But that's the Venetian's job to figure out, not yours. If they want him in then he should be in. End of story.

[/ QUOTE ]

I disagree. Technically and legally I'm sure the Venetian can do what they please with this, since they're paying for it. But it's NOT a nice thing to do to the poker players that you're trying to lure in. They created a promotion and publicized the requirements for entry. Given that, folks made their decisions to put in the required hours or not. If Venetian suddenly decides to invite 500 of their best slot and table games players and a couple hundred celebs, and to lower the qualifications for the 40/80 players, and give away seats on radio promotions, the value of the seat the players earned with their 150 hours of play has plummeted. Not nice.

But this topic came up on another thread a while back when the radio promotions happened. At that time, I thought Lee stated flatly there would be no other such giveaways. That every seat other than those 3 they gave away on the radio would have to be earned by putting in the 150 hours. Particularly after that, Venetian should not give away poker table seats to non poker players.

I have no problems at all with Venetian giving away freeroll poker tourney seats to anyone they please, long as they tell the players up front what they are doing. They haven't done that.

(And for the record, this doesn't impact me... I haven't put in but about 12 hours at V since this promo started, so I don't think I'll get to 200 this month.)

[MicroBob]

Correct. The Venetian manager himself acknowledged that it is important to the players who are logging all these hours to get to know in advance that they will be the ONLY ones participating in the tournament.

The player has a choice of whether to attempt accrual of the 150 hours to qualify.
In order to make that decision they deserve to know whether 'outsiders' will be permitted in at the Venetian's discretion or whether it truly will just be a tournament involving those who put in the required hours.


The management at the Venetian came on these forums and specifically stated that nobody else would be allowed into the $500k tournament EXCEPT for the 3 add-on's from the radio promotion.


If they let in the other high-rollers then they have lied to their poker players and deceived them into putting in those 150 hours that they may have decided not to do had they been told the truth.


I was impressed with Lee's appearance on these forums the past few weeks and stated that it will actually make a difference in me playing at the Venetian on my next trip to Vegas. This doesn't really mean a lot since I don't get to Vegas often anyway. But he's trying to attract customers and it was working on me...and I'm sure on several others reading those threads.


If it proves true that the Venetian LIED to their players about this and they invite a ton of casino high-rollers into the tournament as well then I will naturally consider their LIES to their own poker-players in my decision of where to play in Vegas.


I stated previously that if I was based in Vegas I would very seriously have considered doing this promotion.
If I had put in the hours for this promotion and THEN found out that they are just letting in whoever they please then I would be really really ticked right now.


But, for now, it appears to be just a rumor so hopefully it's inaccurate.

[DayTripping]

Even if the local nits had been told ahead of time that non-poker whales would be let into the tournmanet, I'm sure they all would have gone ahead and put in their hours anyway. Free is free. Sounds like people are just jumping on any excuse to bitch and moan.

[Evan]

[ QUOTE ]

I disagree. Technically and legally I'm sure the Venetian can do what they please with this, since they're paying for it. But it's NOT a nice thing to do to the poker players

[/ QUOTE ]
Anyone get past this part?

[VORP]

[ QUOTE ]
Even if the local nits had been told ahead of time that non-poker whales would be let into the tournmanet, I'm sure they all would have gone ahead and put in their hours anyway. Free is free. Sounds like people are just jumping on any excuse to bitch and moan.

[/ QUOTE ]

Not necesarily true. The Venetian, especially a couple months ago had much weaker game selection than some other rooms in town. It's quite likely that many of the local qualifiers chose to pass on playing in better games at times, in order to log these hours. I think they have a right to be upset if they found out that they have been lied to.

[MicroBob]

Yes.

I know that if I was in Vegas and was thinking of actually doing this I would have likely been swayed not to if I knew that the Venetian was also going to invite however many 'outsiders' they felt like.


But if it's something where they are going to fail to make it to their minimum number of players for the full $500k payout (I think they stipulated 300 players) and they are bringing in EXACTLY enough outsiders to bring it up to 300 players for that pay-out then I'm okay with the decision.

(especially if it means a really dramatic decrease in the prize-pool if they have less than 300)

[bav]

[ QUOTE ]
But if it's something where they are going to fail to make it to their minimum number of players for the full $500k payout (I think they stipulated 300 players) and they are bringing in EXACTLY enough outsiders to bring it up to 300 players for that pay-out then I'm okay with the decision.

[/ QUOTE ]

Absolutely. That would be a GREAT thing, and a boon to the poker players who put in their time. If V was gonna put in $1000 per player up to 500 players, and they've only got 350 likely to qualify, inviting 150 slot players and setting the prize pool to $500K is wonderful.

And I wouldn't be unhappy with them tweaking the 50*3 rule for common sense things. If someone put in 52, 49, and 50 hours, of course it's ok to let them in. If someone gets 199 hours, let them in. But if some $100/hand BJ player has put in 30 hours total in the poker room, no, it's not ok to invite him.