Showboat Poker Tourney

[jmcbride4231978]

Question for all of you. I was at Showboat this weekend and I heard a few of the players on my 1/2 NLH game talking about a big Poker Tournament at Showboat in September. Does anyone know anything about this? Or is this just a rumor?

[dudemanjack]

I'm not sure I'd necessarily say it's a "big" tournament but definitely something bigger than they normally do. It's on Saturday, September 15th at 11:00 a.m. $225 + 25. They are running turbo satellites for $25 + 5 also. I believe there is a $20,000 guaranteed prize pool.

The structure isn't the same as the daily tournaments - most notably is that antes will be included. $10,000 in starting chips. I talked to the poker room manager and he says they are going to really try and push this in an attempt to get the first place money > $20,000.

[AKHobbes]

How often are the satellites getting off?

my blog:

http://63o.blogspot.com

[SyrialKilla]

It's not a rumor mcbride. It is true. Showboat is hosting a Guarantee Tournament. It not a 20 grand prize pool though. It's a 20 grand FIRST PLACE- guaranteed. Registration for it is open now and you can buy a seat outright at the Boat for 225+25 or you can stop in and play a 25+5 Satelitte for the seat. It's a Turbo Satelitte with ten minute blind levels. They have them about every other hour, all day, every day. The sign ups are always up and they drop them as soon as they get ten people. 30 bucks for a chance to win $20,000 isn't a bad deal. They are hoping to get a great turn-out and exceed the guarantee. I think they will.

[SPTJUNKIE]

I played in a Satelitte at Showboat yesterday and took home the seat. It took about 40 minutes to get the satelitte running but I just killed some time on a 1-2NL. It was quick and painless. Most of the people registered with me were just there to donkey their chips to me. I could have bought the seat cause 250 isn't that much, but why buy it when you can win it easily. I don't know how often they run the satelittes but they had two in the three hours I was there.

[johnnydrama]

How can Showboat not have any info on this on thier website?

Seems like there might be a lot of fine print to this. What is the payout structure to guarantee $20k to the winner? I don't feel like doing the math but wouldn't that require a TON of people, more than Showboat could handle?

I'd like to see info on the structure as well. Seems odd there is no info available.

Did I miss it somewhere?

[+EV]

[ QUOTE ]
It's not a rumor mcbride. It is true. Showboat is hosting a Guarantee Tournament. It not a 20 grand prize pool though. It's a 20 grand FIRST PLACE- guaranteed. Registration for it is open now and you can buy a seat outright at the Boat for 225+25 or you can stop in and play a 25+5 Satelitte for the seat. It's a Turbo Satelitte with ten minute blind levels. They have them about every other hour, all day, every day. The sign ups are always up and they drop them as soon as they get ten people. 30 bucks for a chance to win $20,000 isn't a bad deal. They are hoping to get a great turn-out and exceed the guarantee. I think they will.

[/ QUOTE ]

Wow is this typical on satellite seats where they take a house cut twice? They are getting $50 total from the ten players for each satellite. Then the prize includes another $25 for the final tourney. I do realize that there is an increased house cost for running satellites. But is it double what it costs to run the tourney?

+EV

[Mr. AtlanticCity]

$5 is a nice round number. Much easier to do things in multiples of $5, instead of $2.50. $25 extra rake is not that bad, $25 to the buy-in for the winner, and then you have to pay the dealer and house of operating expenses. Very few poker tournaments I have seen have a total different then a multiple of $5. The buy-in for the Showboat tournaments is $53+$12, much easier for cashiers to handle then $53+$10