When one eventually loses in that tournament, have they lost all of their buy in? What does it take to lose, yet still earn some money?
When players are able to earn some money, there's a cutoff of remaining players left that depends on the size of entries. once a player reaches the cutoff, the prizepool allows you to earn money starting at a certain amount and increases as you place higher and higher and get closer to winning the tournament. Example, this event had over 7,000 entries. The cutoff where you could earn some money of $2,815 was the 720th person
YOLO is correct. In the tournament I'm planning to run, we will likely pay the top 10% or so of players. Last time, we paid 4 with 24 players, which was more than generally get paid.
Always wanted to try playing poker in a casino. Used to play every week in the past with friends and whoever they bring but never anything too serious. Any tips for someone looking to play in a casino?
Play the tourney's. That allows you to get your feet wet without having to risk a substantial amount on any hand. Almost all Las Vegas casinos offer daily (sometimes multiple daily) tournaments with a $40-$100 buy in. Lots of fun. If you insist on playing cash games, there are a lot of $1/$2 games...you can even ask the game runner to put up an interest list if you have something specific you want to play (like 5 card, pot limit, Hi/Lo, etc). For the most part though, all table games are Texas Hold em NL.
The usual things when it comes to gambling, don't go with money you can't lose, plan on it being money spent on entertainment. Pay attention to the action. Some people get a little testy when you don't know it is your turn to act. Personally, I like to verbally announce everything, so I don't leave anything to the interpretation of the dealer or players. If you just throw out one chip, no matter how big that chip is, without announcing a raise, that is a call. I like to verbally announce the amount of the raise as well, then I can cut the chips out at my leisure. Watch the dealers. There were many mistakes made and if you think something is off or wrong, don't hesitate to mention it to the dealer and the other players. Everyone at the table has a vested interest in getting it right and when there were questions, it was handled well in nearly every instance. Play within your limits. I like to sit down at a cash game with around a hundred blinds, which pretty clearly dictates the games I will play. If I only have a couple of hundred, I wouldn't even consider a 2-5 game and would likely sit at a 1-2 table. You'll get plenty of action even at lower blind levels.
BTW, if anyone is interested in a home game tomorrow night in Clear Lake, email me through the board. Best case, give me a number so we can text. BTW, we play cheap, $0.25/$0.50 blinds, no limit, table stakes.
players 720-1 all netted at that starting amount. the higher they placed the higher the amount til the grand prize at #1 which was a little over $1.2 mil
All true and good advice. Also, keep in mind, there WILL be people at every table who play loose....meaning while the possibility of losing $1,000 on a single hand MIGHT be something you're not willing to do, there are people who don't mind doing that hand after hand either to bully you or to chase draws. In other words, ...is extremely important to remember. Because you've got to be willing to go all the way in certain situations since others will put you to that test. If you don't buy in TOO much at first...you can limit your exposure to what's in front of you and if you lose just buy in for more. Of course, the flip side of this is for smart players these loose/draw chasing players (suckers?) are the ones you can make a LOT of $$$ off of. :grin:
Saw it after I got home from our game on Saturday night. We play in Clear Lake, but if you're willing to drive, we will usually have a seat. I'll text you when we have another game.
"In the money" paid a minimum of $2815 and as mentioned earlier, first place was over $1.2M. http://www.wsop.com/tournaments/results.asp?tid=14228&grid=1136
The real question is...is it a game of skill or luck??? LOL All jokes aside, I too play poker avidly and have cashed at some smaller (350 ring events) WSOP events. These are a grind and tiring...Of course there has to be some luck, but I always think you have to be able to manipulate luck at the tables. Good luck on the tables, and maybe we run into each other at the tables. You know Ill be rocking Rockets red for bigger tourneys...
