Barry G Masterclass HORSE tourney

[BrandiFan]

[ QUOTE ]
you're not subtracting the value of playing POKER with BARRY GREENSTEIN!!!

[/ QUOTE ]
-EV perhaps?
edit: I'd still do it if I had a spare 60k fpps...

[Ontario_Tory]

Quick bit of math, and I guess it all depends on the 'value' of Barry... [img]/images/graemlins/smile.gif[/img]

The general rule of thumb seems to be that $1 = ~62.8 fpps. (This is the value of a tourney ticket in the store - 13,500 fpps gets you a $215 tourney ticket.)

This tourney has a $6,800 prize pool, so in theory it should cost a total of 426,792 fpps.

426,792 / 8 players = 53,371.5 fpps. Not a good value at the current price of 60k.

426,792 / 7 players = 60,996 fpps. It appears that the way Stars priced it out is by looking at the people who are PAYING to play.

If Barry is not eligible for the money, the value is good.

If Barry is, however, eligible, this is not a good value - the participants are sponsoring him, not Stars.

OT

[BrandiFan]

Barry is eligible, but you forgot to add in the book, 2500?

[mastr]

60,000 fpps from the store buys you 1k travel certificate and 62k fpps gets you 1k call card which is for all intents and purposes 1k cash, those are the numbers you should use tory due to the extra value per fpp spent when you spend them in bulk. This clearly has horrible value, and I would definitely spend my points on it if it had equal value to just taking the cash for my FPP's

[Ontario_Tory]

[ QUOTE ]
60,000 fpps from the store buys you 1k travel certificate and 62k fpps gets you 1k call card which is for all intents and purposes 1k cash, those are the numbers you should use tory due to the extra value per fpp spent when you spend them in bulk. This clearly has horrible value, and I would definitely spend my points on it if it had equal value to just taking the cash for my FPP's

[/ QUOTE ]

$1,000 card = 60,000 fpps means $1 = 60 fpps

so a $6,800 prize pool should be 408,000 FPPs total.

408,000 / 8 players = 51k each
408,000 / 7 players = 58,285 each

The book is 2k FPPs in the store (no autograph).

Long & short of it is that, assuming Barry's eligible for the $$$, the tourney is overpriced.

If Barry was NOT eligible for the $$$, and the book is worth 2k, you're getting what you pay for, and no more.

Might be worth it for the "I got to play with Barry and he gave me a signed book", but the strict numbers say skip it.

OT

[kleath]

It all comes down to what the "masterclass" part entails, if its just a 1 table horse n go with him then meh, if its talk to barry during and get indepth commentary on the replay then Im very interested.

[Double Ice]

This is kinda grubby by Stars IMO. They should have made the prizepool more respectable. Yes I understand they are "paying" Barry for this, but it is still not right to the players, because the reason they are paying Barry is to generate publicity for the site. Because of this, this is not truly a 'service' that is offered by Barry that you are paying for, so it doesn't give Stars automatic right of way to charge for this service. We are talking in the area of $1,000 here, so its definitely not a major deal for Stars.

Stars should of paid out the money for the FPP like normal, and then paid Barry for providing publicity like normal. Instead, they let you pay for Barry (because hes Barry [censored] Greenstein) and then collected the advertising-draw for free. Why? Because they can.

This is exactly like the advertisements being used in big buyin events (WSOP, etc.), where the casino makes millions off the players, doesn't juice the pool from this, and still takes the 3% for dealers, some % for staff, more % for the casino, etc. - and it's a sin if you don't tip 5 figures to the dealers if you win!

They should have given players the fair value, and if that would lead to too many signups, anticipate a more appropriate (read: higher) buyin.

Also the structure should last 2 hours, not one. In the current structure, each "level" is 30 minutes, playing 6 minutes a game. The stack size is 150 and the stakes are 3/6, 9/18, 25/50, 50/100, so it ends really fast. The structure should have been a bit longer to give more than 1 hr with Barry.

IMO, the buyin should have been 80k FPP and pay 7k/2k/1k. It should last 2 hours. Of course none of what I said matters, because business wise Stars should just let you pay for their advertising, the same way that the companies that own WSOP let you pay for theirs.

[1p0kerboy]

I have to agree with Ice.

[rothko]

ice et al,

the given wsop example is not analogous.

the players are getting their full value from the fpps, it's just not in straight cash. it's up to the player to decide where she wants to get her value from. this is not a regular sng with a pro. if stars were to, for example, offer a teaching opportunity with barry without a premium there is little incentive for them to make these special events. stars is a business. yes, they will get some buzz about the masterclass, but that does not mean they should be expected to not charge for it. if you want a unique learning experience with barry then you pay for it. it's silly to think stars should shoulder the bill. the player gets the benefit.

[LearnedfromTV]

I agree with most of what Ice said; I guess mine is a half-hearted protest since I am registered for the tourney. It's tough, because I want to do this, and clearly Stars will be able to get 7 people who want to do it, even at this price, so they don't really have a reason to make it a fairer deal. But there's also not much reason for them to give less than par value and have the tourney last one hour instead of two. It's not much of a financial difference to them to make it equivalent with other redemption methods, and there's good reason to make the experience as good as possible for the kind of players who have enough fpps to burn 60k on this.

I also understand the argument that the "Barry Greenstein service" is worth something. Given the (effectively) extra vig I'm paying, I hope that Barry puts forth max effort to help us get the most out of it. If he does, it's worth the extra vig (to me), and I assume he will.

If I had to choose between a bump in the prize pool and longer levels, I would definitely choose longer levels. There's no reason these things are mutually exclusive, but in case Stars reads this thread and doesn't want to change the prize pool, bumping it to 10 or 12 minute levels would be a huge improvement. I can't imagine Barry would object to it lasting an hour longer.