The WSOP does not help w/ tournament deals on a liability issue (WTF)

[ab1212]

lol @ deals should not be allowed. As long as the players are putting up their own money to play in the tourney they should be allowed to deal if they want. I do agree that money must be left on the table so they have to play for the bracelet, but until there are cash payouts from sponsorship dollars (al a the PGA Tour) then deals should be allowed.

[Clayton]

deals are allowed

however, they have to be done privately without the wsop being involved.

example: player A decides to deal and gets $500k in the deal. he ends up making 3rd for $250k. he gets his slip for 3rd and cashes out for $250k. now he must depend on player B and/or player C to give him $250k in money. the deal must be made to trust either of these players to make the deal. as such, getting a deal would require a contract being written.

desireable scenario: player A makes $500k from the chop. the WSOP ends giving out slips when a chop is made, and gives out custom slips allocating the $500k for player A, the smaller amounts for players B and C, and so on.

how is this so hard? people who want deals could have a harder time to make them due to logistics, such as in tdomeski's case, the other 3 players being 3 random guys, 2 of which only wanting a check to leave, and the third being a foreigner. (random anecdote: the brazilian said "you know you can trust me, I'm a Brazilian!" thus proving brazilians are the most eccentric and trustworthy nationality around)

I agree with TuristOnTilt that bracelets shouldnt be bought, but thats not the primary point of this discussion

[ipp147]

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I agree with TuristOnTilt that bracelets shouldnt be bought, but thats not the primary point of this discussion

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Clayton,

The problem is that until numbers start dwindling in these events or people start boycotting there is no incentive for the WSOP to do this.

It's extra work for them and presumably it doesn't make good tv if they announce the split during the program and viewers could feel cheated if not mentioned and they do find out.

Obviously people aren't going to stop playing these events as they are insanely profitable/+ev

[Clayton]

ipp147,

I agree with all your points except one, that being the announcement of a split during a program. Jurollo (2p2 poster) made it deep in a NL event and chopped for over $300k, and no such deal was announced, the announcers just noted that the players went on an unscheduled break and that was that.

However, what you do say is in fact true, because an infinite amount of players will still come to get hassled just to say they are in the WSOP. To quote another poster in the fire jack effel thread, while myself, a poker nerd, will still end up going every year and taking it, random joe gambler may not due to limitless problems such as this.

It just irks me slightly that the largest brand name organization in regards to running poker tournaments has used the economic "excuse" as a means of running a terrible set of WSOPs in the last 2 years, and this (imo) adding to the list.

However I do think you are totally spot on, and I hope to get word from someone like Mr. Grooms on what his policies were in a similar situation when he was running things, and if tournament directors went out of their way to assure players would be able to make a chop without having to deal it personally and sign contracts.

[sirtimo]

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The WSOP should be there to broker and endorse dealmaking and accurately distribute chop amounts dependant upon the deal at hand, as opposed to just throwing up their hands in the air and saying "YOU GUYS TRUST ONE ANOTHER IF YOU WANT MAKE A DEAL



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I know they won't, but it's a good spot to have a third-party escrow firm step in and make the arraingements, legal and otherwise, for players to chop the pots. The money grubbers, I mean, upper management at Harrahs could form "WSOP Escrow, LLC" which would be there on site to broker, sign off and escrow money from tourney chops to be distributed upon completion of the event. For a small fee of course, say 2% or so?

[laikeze]

This is not just WSOP. All Harrah's Casinos have this Policy. Players in the Showboat are forced to leave the poker room if they want to make a deal, and they state before the final table begins that there is to be no deal making at the table.

[Piemaster]

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Basically, when you cash out in a tournament they give you a slip for the payout dependant upon your finish, you go up to the cashier place, hand your slip, and give your money. If a deal has to be made at the WSOP, the players have to rely on the trust of the others afterward to actually make the deal. They have to trust people they have never met before in their lives to give a portion of their rigid (actual) winnings like a chop never happened, and put the money in their hands. Seems to be asking a lot, no?

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Alternatively, they could just accept the payout structure, play out the remainder of the tournament and see who wins.

[olieovie]

I don't get the issue here. Deals are not prohibited like in the WPT, they are allowed. There's no reason for the WSOP to broker deals, they don't get anything out of it. So if you're not willing to broker a deal yourself, then tough.

[Dids]

Locked, because there's decent stuff here, but no need to xpost.