Opinions on tourney someone is running in my area

DavidNB · #1 12-03-2006, 11:00 AM

As per the topic, whats your opinion. I find it kinda of fast blinds myself like its designed that you will have to rebuy to keep ahead of the blinds and one should rebuy at the begining of the tourney. Its not running in a casino, someone is simply putting this on at a hotel

The following is the cost of the buy-in, rebuy, and add-on. There is a limit of 1 rebuy and 1 add-on:

Buy In: $500.00 + $50.00 for 5000 chips.
Rebuy: $200.00 + $20.00 for 5000 chips.
Add-on: $200.00 + $20.00 for 5000 chips.
Each player will begin with $5000 in chips and the rebuy and addon will also get you an extra $5000 each. Your chip stack at the end of your session will be carried forward to the final on Sunday.

The 4 Preliminary rounds will be played at the following times:

Friday, Jan 19, 6pm
Saturday, Jan 20, 9am
Saturday, Jan 20, 1pm
Saturday, Jan 20, 6pm
The top 20 from each session will move onto Sunday, Jan 21st, this session will begin at 3pm.

The blind structure for this event will be as follows, the first 2 rounds will each be 30 minutes with each subsequent round being 20 minutes. Antes will begin at 100 on the 5th round:

25 - 50
50 - 100
75 - 150
100 - 200
150 - 300
200 - 400
250 - 500
300 - 600
400 - 800
500- 1000 More rounds will be added if neccessary. For the final on Sunday, we will adjust the blinds according to the average chip stack.

Lottery Larry · #2 12-03-2006, 02:00 PM

Some of this info is a little unclear to me, DNB, so take what follows with a grain of salt:

1) So, a minimum of 5K and a max of 10K as an initial add on, before the tourney starts? And you can get that immediate add-on for 44% of the cost?

2) Rebuys can also get one add-on right away, for 44% of the cost? 200% of the SS for 88% of the cost, each time you bust out?

If the above is true, take each and every add-on/rebuy you can afford, until rebuys/add-on stack of T10K brings you to less than 20-30% of the average stack... from a playing perspective.

This setup is definately geared towards multiple rebuys and building a huge pool.... as well as making the house a fortune, unfortunately. That constant vig is a big turn-off, but still seems pretty cheap from a stac cost perspective. That, BTW, is probably why the rebuys/add-ons ARE so cheap.

In short, if you aren't ready to drop $1600+ in this tourney, you're at a decided disadvantage.

One warning- how comfortably are you about the security? I'm assuming prelim rounds are MTT (at least two tables, maybe more?). That's a LOT of money going to one location.
Can you trust the tourney promoters? Are they openly advertising, therebye given criminals a big beacon?

[ QUOTE ]
As per the topic, whats your opinion. I find it kinda of fast blinds myself ....

The blind structure for this event will be as follows, the first 2 rounds will each be 30 minutes with each subsequent round being 20 minutes. Antes will begin at 100 on the 5th round:

25 - 50
50 - 100
75 - 150
100 - 200
150 - 300 /100a
200 - 400 /100a
250 - 500 /100a
300 - 600 /100a
400 - 800 /100a
500- 1000 /100a
More rounds will be added if neccessary.

[/ QUOTE ]

Round 5-7 are the hairy ones. The blinds progression would be REALLY nice without antes, but with T1450 min in the pot on Round 5 before I have to call T150, or with T2350 in there being forced to call T600-T750, the blinds are going to have to get sucked into a LOT of pots.
Seems as if the structure is geared to encourage rebuys, at 10% a pop.

I'd want to know a LOT more about exact details concerning this:
"For the final on Sunday, we will adjust the blinds according to the average chip stack. "

You don't want to run into a crapshoot after a serious investment in the prelims. Basing the blinds on the average stack means the shorter stacks could be at a real risk of being in an all-in mode from round #1 of the finals.

I'd also want to know a LOT of confirmed details about totals rebuy/add-on pool monies, to make sure that 10% vig doesn't "accidently" get higher.

I'm taking a very negative approach here, may just be my cynicism. I couldn't afford to play anyway, but I'd want to know a lot more even if I COULD bankroll a shot at this tourney.

Lottery Larry · #3 12-03-2006, 02:03 PM

I see I missed the limit on 1 rebuy and 1 add-on, dummy me. I now assume that you can add-on immediately if you choose but then the rebuy is the other other chips you can get, if you are felted?

That makes the rebuy less attractive, given that the average stack will be much larger (assuming everyone starts with a double stack)

It's less of a vig-fest then, but you still have to plan on bringing a grand to lose. Still a lot of money in one place to worry about, security-wise.

Also, the effect of the blind/ante progression is much greater on all of the stacks, as the average stack will be lower than it would with multiple rebuys allowed.

Lottery Larry · #4 12-03-2006, 02:17 PM

" I'm assuming prelim rounds are MTT (at least two tables, maybe more?). "

"maybe more?" Nice, idiot.... Try reading.

David, I assume the prelims are 4 tables minimum, max of X players?

Also, did you post this in MTT or MTT Community? (not sure which one gets this). I'd make it clear in the cross-post if you don't want people bugging you for the location.

DavidNB · #5 12-03-2006, 02:24 PM

The rebuy is if you have T5000 or less. The addon is at the end of the first hour I guess where anyone can added to their chip count.

I can't afford this, just looking for opinions. I may try a satellite to get in, not sure.

The guy is opening promotting the game, its been in the newspapers and so on. There are no laws for poker really in the province where its being held so the police may shut it down. This guy has been running tourneys for awhile, first one at these stacks. I'll PM you the link to the web site he has.

Small Fry · #6 12-03-2006, 10:44 PM

[ QUOTE ]
More rounds will be added if neccessary. For the final on Sunday, we will adjust the blinds according to the average chip stack.

[/ QUOTE ]

When does the rebuy period end? When can you do the add on? At the end of the rebuys I assume. So lets assume rebuys end at round 3 and everyone takes the add on. Average chip count at this point could be like 10,000 or more. Your going to need a lot more rounds. But I guess the ante is going to eat up the chips.

A T100 ante that early compared to the blinds is absurd. Or am I missing something...

nowags · #7 12-05-2006, 05:16 PM

a 100 ante for a 300 BB is WAAAAAAY too big. a 5% or 10% ante works just fine.

DavidNB · #8 12-05-2006, 09:31 PM

[ QUOTE ]
" I'm assuming prelim rounds are MTT (at least two tables, maybe more?). "

"maybe more?" Nice, idiot.... Try reading.

David, I assume the prelims are 4 tables minimum, max of X players?

Also, did you post this in MTT or MTT Community? (not sure which one gets this). I'd make it clear in the cross-post if you don't want people bugging you for the location.

[/ QUOTE ]

Sorry just noticed your post now... There is no mention of max number of tables, or min .

No I didn't cross post it. Go ahead if you want, myself after getting opinions, is well, the blinds are too short, (should of stayed at 30 minutes all the way) and aswell the ante seems high and too soon. It just hurts, someone running a tourney in my province and has to screw it up so bad. I played only one live tourney (casino) with a $300 buyin, 120 people and made it to 27th spot. (only paid top 9). I loved every moment of it and would love to try again.