FLORIDA ALLOWING POKER GAME STAKES TO BE RAISED IN JULY! - Page 25

Truthiness24 · #**241** 06-02-2007, 11:39 AM

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It truly is amazing all the players that fork over 45 bucks to play in these horrible, horrible tournaments.

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We played at Sarasota KC last night and they dropped the fee to 32+8. This is in line with tourneys I've played in Vegas & AC, where I've paid 40+10 or 50+10.

Also, Tampa Bay Downs, before they closed for the summer, was charging 32+3 for their afternoon MTT as a promo. The market is starting to be heard.

Oh, and btw, my wife took it down last night ... beat 198 others & took home $1400 after expenses.

Truthiness24 · #**242** 06-02-2007, 11:45 AM

On another note, we had a long talk with the manager of SKC last night, and he said that the following changes were going in (the following games will be offered) on 7/2:

- $3/$5 limit O8 (the new law only allows limit omaha)
- $1/$2 NLH, with a $60 min/max buyin
- $1/$2 NLH, with a $100 min/max buyin
- at the NL tables, he's going to do a table fee of $5 per 1/2 hour instead of a rake
- $3/$6, $6/$12, and $3/$6/$9/$9 limit holdem
- $2 to $5 spread limit stud & stud/8
- higher stakes for the tourneys, but he didn't say what yet ... I think it will depend on what the market dictates

They act like it's a done deal.

This isn't exactly what I'd want -- I want legal, wide-open, unlimited poker -- but it's a great first step.

Fishhead24 · #**243** 06-02-2007, 11:54 AM

Truth--congrats to your wife. Sorry I missed the TAMPA DOWNS promo, not bad(under 10% rake). However, it is still a tourney with a carnival atmosphere with the quick structures and small stacks. Lots and lots of luck involved.

Also, how does the SARASOTA managaer plan on spreading that high of limit games when the maximum is set to be at $5? Also, not sure if I like the "per half hour" charge and would rather just have a flat 10% rake with a $5 max like they have now.

Atomic · #**244** 06-02-2007, 11:55 AM

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- $3/$6, $6/$12, and $3/$6/$9/$9 limit holdem

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How will this be possible?

Fishhead24 · #**245** 06-02-2007, 11:59 AM

Don't think it will be, not sure what that Sarasota manager is smoking, but it must be good stuff.

Truthiness24 · #**246** 06-02-2007, 02:33 PM

He says that there is a loophole in the NL provisions of the law that allow these higher limits for holdem but not omaha or stud. He says that they studied the law pretty carefully -- at least as much as we have -- and that they have already cleared it with the regulatory folks that could object.

I thought it was was off when I heard it too, but I certainly wasn't going to tell him that I thought it was wrong. I think it's great that he's going to try it.

He also said that the law is only going to provide for $100 min/max NLH. I tried to argue what we discussed a few weeks ago in this thread, but he said no ... that they talked about it and decided that this is NOT what the law said. I didn't agree but it was going to be fruitless to try to argue. They have picked their battles, and IMO these are unique angles that none of us have even thought of. I hope that they read this stuff because I have nothing but good things to say about them.

I do believe that some track is going to push it and try to open tables without a max buyin, or at least a max in excess of $100. I just don't see where this is restricted by the law as passed. But SKC isn't going to be the one to try it, at least not yet.

I got the impression that at SKC they were really going out of their way to listen to the players and take an expansive view of the changes so as to make us (and them) as happy as they think they can. It was a positive experience to talk to the guy.

Truthiness24 · #**247** 06-02-2007, 02:37 PM

I should add that I don't like paying 25% juice on these low limit tourneys either, but that I really think that this is the minimum that a house can charge to put on an event & make a profit. It isn't an online game without a dealer.

At $40, it's entertainment. It's great to make a spot of money at it, but you can't play them as a pro because of the grind. I think that's great too -- this is basic, low-level, family fun poker. Sure, I'm looking forward to the $300 NLH tourneys this summer, but this is fun too.

And I'm lucky enough to have a wife that enjoys it and prefers a MTT for date night to just about anything else.

Truthiness24 · #**248** 06-02-2007, 02:44 PM

At $5 per person per half hour, that's $90 to $100 per hour on a table. That would be 20 $5 rakes. They deal about 35 to 42 hands an hour, and it will probably be the high end of that without a rake for the dealer to fuss with. So I think whether we end up ahead or about the same will depend on how loose the games are and how much the drop "would have been." I suspect that in an hour you'd have 10 or so $5 rakes and a bunch of $1 rakes or no rakes. If this is the case, then we're getting hosed and the house just wants to make sure they still come out ahead. But we'll see.

If this all goes through as stated, we should keep an eye on it and see.

Fishhead24 · #**249** 06-02-2007, 02:44 PM

If your going to play with a 29% rake you may as well fly somewhere and play for less rake and save money........and be on vacation at the sametime. FLORIDA is certainly the A ball of minor league poker right now.........but at least they have a leauge which is more than some states can claim.

Truthiness24 · #**250** 06-02-2007, 02:49 PM

Like I said, it's family fun poker.

But starting on 7/2 they will be allowed to spread STTs and MTTs with entry fees of up to $800. And if the juice on the high-end tourneys is 10%, the industry standard, then we're talking AAA ball and not the FL rookie leagues.

And, it will be nice to not worry (as much) about being cheated, robbed, or arrested.