Proposed Florida Seminole Compact

[parisron]

100 max buy in does no limit the pot at all. after many hours of rebuys at 2/5 nl everyone could have $2000 in front of them and all players go all in and you have a $20,000 pot.

[bigslickmark]

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100 max buy in does no limit the pot at all. after many hours of rebuys at 2/5 nl everyone could have $2000 in front of them and all players go all in and you have a $20,000 pot.

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Of course 100 max buy in limits the pot. Try sitting down at a newly formed table with 100 buy-in and see if you can get a pot larger than $1000. In July, they tried offering poker games without limits to buy-ins and the pari-mutuels cried foul and they stopped offering it. The intent is pretty clear to me and that is the Seminoles must play by the same rules that the pari-mutuel cardrooms play by so they do not have an unfair advantage.

Also, you would think the Seminoles would push more for 24 hour cardrooms and not give a crap about the buy-in rule. They make the same drop with a $20,000 pot as they do with a $50 pot. However, shutting down for 12 hours per day will cut their income in half and end their largest competitive advantage.

[soulvamp]

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100 max buy in does no limit the pot at all. after many hours of rebuys at 2/5 nl everyone could have $2000 in front of them and all players go all in and you have a $20,000 pot.

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Of course 100 max buy in limits the pot. Try sitting down at a newly formed table with 100 buy-in and see if you can get a pot larger than $1000. In July, they tried offering poker games without limits to buy-ins and the pari-mutuels cried foul and they stopped offering it. The intent is pretty clear to me and that is the Seminoles must play by the same rules that the pari-mutuel cardrooms play by so they do not have an unfair advantage.

Also, you would think the Seminoles would push more for 24 hour cardrooms and not give a crap about the buy-in rule. They make the same drop with a $20,000 pot as they do with a $50 pot. However, shutting down for 12 hours per day will cut their income in half and end their largest competitive advantage.

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With this compact, their largest competitive advantage will be blackjack and other casino table games, which generate a lot more money than poker tables do.

[Darin]

"shutting down for 12 hours per day will cut their income in half and end their largest competitive advantage."

Somehow I doubt that they're making the same $ from 2AM-2PM as they are from 2PM-2AM. Although I'd prefer them to be open 24/7.

Darin

[bigslickmark]

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Somehow I doubt that they're making the same $ from 2AM-2PM as they are from 2PM-2AM. Although I'd prefer them to be open 24/7.

Darin

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There are many people who enjoy playing in the morning. So maybe they would not lose half but they would lose income. It's stupid that slot machines can run 24 hours and the proposed table games will run 24 hours but a poker room can only open 12 hours.

[buckyb88]

bump, in hopes of an update?

[chillywater8]

I don't like the look of the latest revision(Oct. 4) less hours, no more 5/10? Looks like it will be a while before any changes at this point, between the house, the parimutuals and others could be trouble.