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#1
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Can this structure be beaten on a consistant basis?
Ok, there is a card room in town that runs 2 tournaments a day on Sat. and Sun. But I'm not quite sure if the structure renders it too much of a crap shoot to be worth going into it regularly with a profit motive. Here are the details:
Buy-in, $60 gets you t4000, rake 25% of buyin Dealer Add-on $10 gets you t1000, rake 50% of add-on Average # of entries 35-40, Payouts approx. 1st: 680 2nd: 450 3rd: 275 4th: 190 5th: 120 6th: (unofficial bubble fund $50) These are Charity games, so you have about a 50-50 shot that your dealer will be competent. Perhaps 8-12 hands per round before the first break, 6-10 hands per round after first break. Additionally, these tournaments count towards a league, so a good 30%-40% of the players are just trying to make the FT for a good point score. Other than that, figure they are your general cross-section of live recreational tourney players. 20 minute rounds as follows 25-50 50-50 50-100 75-150 100-200 150-300 break 200-400 300-600 400-800 500-1000 600-1200 700-1500 break 1000-2000 1500-3000 3000-6000, ante 500 5000-10000, ante 1000 7500-15000, ante 1000 and thats usually as far as it goes. |
#2
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Re: Can this structure be beaten on a consistant basis?
[img]/images/graemlins/confused.gif[/img]
-ZEN |
#3
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Re: Can this structure be beaten on a consistant basis?
blind structure looks quite good, but the rake is a bad joke. at the lokal room at my town the rake is between 10 and 20% depending on the buy-in - for a 50 euro buy-in (about $70) its 12%. but the worst thing is the 50% rake for the addon.
I would save my money and look for another card-room or play online. |
#4
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Re: Can this structure be beaten on a consistant basis?
IMHO, No.
Or rather, if you're good enough to overcome 40% vig in a tournament with an inferior blinds structure (compare to online tournaments) there's no real reason to play this. |
#5
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Re: Can this structure be beaten on a consistant basis?
The amount of rake is a bit confusing, but this looks very beatable IMO.
Sherman Ok, now I think I understand the rake better. So this runs like a $70+20, which is pretty ridiculous. The add-on is obviously less +EV than in regular MTTs with add-ons (in fact, you may find yourself in situations where taking the add-on is -EV depending on the # of people still remaining and the number taking the add-on). In any case, it isn't anything close to the most +EV tournament, but if the players are truly terrible, it is probably beatable. Before deciding to play in an event like this I'd ask myself why I am playing. If my #1 reason is the $, I wouldn't both to show up. Online MTTs are much much more profitable. However, if money is only second (or lower) on my reasons for playing, this is probably a fine tournament to play in. For example, if you were really playing only for fun and social interaction I'd certainly consider this a +EV event. The structure isn't sooooo awful that you are essentially paying $ for such activity. If you are good you have a reasonable chance of breaking even or coming out a little ahead in the long run. So you if you like the company, enjoy the live play, and are having a little fun, I say go for it. Otherwise, just play online. Sherman |
#6
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Re: Can this structure be beaten on a consistant basis?
[ QUOTE ]
The amount of rake is a bit confusing [/ QUOTE ] Seriously! Who rakes Add-ons? LOL |
#7
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Re: Can this structure be beaten on a consistant basis?
[ QUOTE ]
Buy-in, $60 gets you t4000, rake 25% of buyin Dealer Add-on $10 gets you t1000, rake 50% of add-on [/ QUOTE ] I still think you guys are getting it wrong. The way I read it: Out of the $60 entry fee the house keeps 25% = $15; $45 goes to prize pool Out of the $10 add-on fee the house keeps 50% = $5. $5 goes to prize pool. Total fee paid $70, house keeps $20, $50 goes to prizes. So the tournament is effectively $50 + $20. That's a 40% vig. |
#8
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Re: Can this structure be beaten on a consistant basis?
[ QUOTE ]
[ QUOTE ] Buy-in, $60 gets you t4000, rake 25% of buyin Dealer Add-on $10 gets you t1000, rake 50% of add-on [/ QUOTE ] I still think you guys are getting it wrong. The way I read it: Out of the $60 entry fee the house keeps 25% = $15; $45 goes to prize pool Out of the $10 add-on fee the house keeps 50% = $5. $5 goes to prize pool. Total fee paid $70, house keeps $20, $50 goes to prizes. So the tournament is effectively $50 + $20. That's a 40% vig. [/ QUOTE ] I read it as $60+15 b/c I consider pokerstars to be a 10% rake when it charges me 10+1. If it is really 50+20, I'd say that's probably not beatable at all. Sherman |
#9
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Re: Can this structure be beaten on a consistant basis?
I just don't understand why you would play these, maybe you crave human contact or need live reads but if you're trying to play midstakes tourneys, i think the internet has what you need...
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#10
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Re: Can this structure be beaten on a consistant basis?
[ QUOTE ]
[ QUOTE ] Buy-in, $60 gets you t4000, rake 25% of buyin Dealer Add-on $10 gets you t1000, rake 50% of add-on [/ QUOTE ] I still think you guys are getting it wrong. The way I read it: Out of the $60 entry fee the house keeps 25% = $15; $45 goes to prize pool Out of the $10 add-on fee the house keeps 50% = $5. $5 goes to prize pool. Total fee paid $70, house keeps $20, $50 goes to prizes. So the tournament is effectively $50 + $20. That's a 40% vig. [/ QUOTE ] If this is the case, it's not beatable. I have a little better situation at my local casino. The rake is $10+$10 with $10 rebuys with no rake. So generally the average person is playing the equivalent of a $40+$10, with a super fast blind structure. It's beatable but there's lots of variance and fairly high rake. I go #1 for the fun, #2 to do something with my family, #3 to play live, #4 to win money. This is the attitude I keep when I play in a high rake, fast blind mtt. |
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