Bad Beat Jackpots = Zero Sum?

[fatshark]

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One local casino is running a freeroll scam.

If you read the rules the freeroll isn't free, there is a $10 fee, but the house will issue $10 to each player to enter the freeroll.

So if the freeroll is has $10,000 in prize money, and 100 players, they pay $10,000 out of the jackpot drop. But they also pay a $10 fee to the casino for each player, so they transfer $1000 from the jackpot money to the poker room revenue.

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"There is a $10 fee, but the house will issue $10..." You're implying, I think, but not saying, that the $10 they issue is coming out of the freeroll prize pool? If so, I'd send a letter to Gaming and ask 'em to put their noses in. Or you can tell the joint to knock it off and explain why and give 'em a couple weeks to make it so before you sick Gaming on 'em.

I just don't see much reason to put up with shenanigans in a town with 50 poker rooms and a Gaming Commission to keep 'em 10% honest.

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Hmmm. This might be me not understanding the design of the freeroll, but I can see how they might be working this.

If you are essentially giving each players $10 and a seat into a freeroll for $10, that I think would be okay. Basically what they're doing is shortcutting around doing paperwork on each player that would receive $10 out of the player's pool by just having them essentially buy-in and then awarding them $10 after the tournament starts and the funds are released from the Cashier's Station. Then they write the paperwork up as the 100 players X$10 +$10,000 in prizes. There is one sheet of paper that will exhaust $11,000 from the player's pool and all $11,000 does go back to the players in form of a $10 token/etc and the prizes. It probably seems like they are doing something wrong, but I doubt they are.....unless, they say that there are actually 120 players and get some extra cash and pocket it that way. The players never get to see the paperwork and the surv usually isn't as good at the podiums as it is at the cashier's cage.
I don't know. Maybe I confused everyone more! Lol

[psandman]

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[ QUOTE ]
[ QUOTE ]
One local casino is running a freeroll scam.

If you read the rules the freeroll isn't free, there is a $10 fee, but the house will issue $10 to each player to enter the freeroll.

So if the freeroll is has $10,000 in prize money, and 100 players, they pay $10,000 out of the jackpot drop. But they also pay a $10 fee to the casino for each player, so they transfer $1000 from the jackpot money to the poker room revenue.

[/ QUOTE ]
"There is a $10 fee, but the house will issue $10..." You're implying, I think, but not saying, that the $10 they issue is coming out of the freeroll prize pool? If so, I'd send a letter to Gaming and ask 'em to put their noses in. Or you can tell the joint to knock it off and explain why and give 'em a couple weeks to make it so before you sick Gaming on 'em.

I just don't see much reason to put up with shenanigans in a town with 50 poker rooms and a Gaming Commission to keep 'em 10% honest.

[/ QUOTE ]

Hmmm. This might be me not understanding the design of the freeroll, but I can see how they might be working this.

If you are essentially giving each players $10 and a seat into a freeroll for $10, that I think would be okay. Basically what they're doing is shortcutting around doing paperwork on each player that would receive $10 out of the player's pool by just having them essentially buy-in and then awarding them $10 after the tournament starts and the funds are released from the Cashier's Station. Then they write the paperwork up as the 100 players X$10 +$10,000 in prizes. There is one sheet of paper that will exhaust $11,000 from the player's pool and all $11,000 does go back to the players in form of a $10 token/etc and the prizes. It probably seems like they are doing something wrong, but I doubt they are.....unless, they say that there are actually 120 players and get some extra cash and pocket it that way. The players never get to see the paperwork and the surv usually isn't as good at the podiums as it is at the cashier's cage.
I don't know. Maybe I confused everyone more! Lol

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What they are doing is charging a fee to pkay the freeroll the fee goes into the houses pocket, but they pay the fee for every player out of the jackpot monies. this is in addition to the prize money coming out of the jackpot.

[fatshark]

I thought it was explained you get your $10 back after signing up?

[psandman]

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I thought it was explained you get your $10 back after signing up?

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Correct you pay the $10 into the house and they pay you back $10 from the jackpot drop (although I suspect that they don't actually do this they just make it as a paper transfer) So now what they have effectively done is moved $10 from the jackpot money into the poker drop.

[Dima2000123]

How is money for BBJ collected? If it's only collected when there's a showdown, then that's good. However, if it's collected like a rake, then it hoses the NL players, since they don't see the showdown nearly as often as low-level limit bingo game players.