Harrah's takes vig out of the rebuys too.

[MaverickUSC]

Since Harrah's takes a percent out of the prize pool, the rebuys are being juiced as well. For example, the $5k rebuy event saw every rebuy having $4700 going to the prize pool. David Williams and I were discussing this today.

Hooray Harrah's!

[sirpupnyc]

And they're doing it with that funny Harrah's math, too.

According to the WSOP website "4.2% of the total entry pool will be withheld for entry fees, and 1.8% of the total entry pool will be withheld for tournament staff."

$5000 x 145 entries = $725,000
6% = $43,500

5000 x 450 rebuys = $2,250,000
6% = $135,000

$725,000 + $2,250,000 = $2,975,000
Total prize pool according to WSOP website: $2,891,000

$2,975,000 - $2,891,000 = $84,000

$84,000 is 6% of $1,400,000.

[sirpupnyc]

I see now they've revised the prize pool and payouts (after they got ITM...isn't that special?). The officially announced prize pool is now $2,748,610 because they now count 421 rebuys instead of 450...oopsie, $150k mistake, silly us!

But still:

$5000 x 421 rebuys = $2,105,000
+ 725,000 = $2,830,000
6%=2,660,000

The new announced prize pool is a smidge over 97% of the announced total buy-ins+rebuys.

[52s]

6% of $2,975,000 is $178,500, so...

2891000 - amount listed as prize pool on WSOP website
2796500 - what prize pool actually would be if 6% was taken

= They forgot to take $94,500 out of the pool for themselves?!?!?!?

Huh?

EDIT: Even better, if you add up the prizes for 1st-18th using what's listed on pokernews as the prize structure, the total comes out to 2,748,880 being paid out, which means, unless there's some 19th-27th somewhere I can't find, they took our MORE from the pool than they should've.

2796500 - 2748880 = $47,620, or should I say a nice brand new car for a suit.

Man, I thought Bob Daly wasn't running the WSOP anymore.

[psandman]

Are you sure that they are taking juice on the rebuys, I thought it was only the staff's percentage that they were taking on rebuys

[sirpupnyc]

Well, it says "total entry pool" for both, and OP's reported 4700 is 5000 less 6%.

But $2,748,610 is indeed 725,000-6% and 2,105,000-1.2%, and within striking distance of the 2,748,880 they say they paid out. (The 2,891,000 pool was the original, uncorrected one, and is 94% of 145 entries + 98.2% of 450 rebuys.)


Tuesday's 1000r NLHE (FT today) doesn't add up the same way, though:

814 entries x 1000 = 814,000
1814 rebuys x 1000 = 1,814,000
reported prize pool = 2,533,062
94% of entries + 98.2% of rebuys = 2,546,508

I guess we should just wait for the eleventh-hour "oops, we counted wrong." (I'm sure the final dozen or so in the 5000r PLO were ecstatic when the 40k downward adjustment of 1st place was announced...not to mention the people who'd already busted ITM.)