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| News, Views, and Gossip For poker news, views, and gossip |
07-23-2012, 06:14 PM
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#46
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journeyman
Join Date: Apr 2010
Posts: 285
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Re: View: Main Event a reentry?
Quote:
Originally Posted by ceegee
the reason they cut the rebuy tourneys is because the floor was stealing and pocketing the rebuys
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I hope not. The real reason is that you can charge rake on a re entry, not on a re buy
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07-23-2012, 06:14 PM
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#47
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veteran
Join Date: Jul 2012
Location: CTU
Posts: 2,178
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Re: View: Main Event a reentry?
With unsegregated online poker not currently allowed in the USA, field sizes are already slightly declining so upping the buy-in would be a terrible idea, at the moment anyway.
Also changing to a re-entry is a big no-no for me, +1 to the guy who mentioned tradition.
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07-23-2012, 06:16 PM
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#48
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Pooh-Bah
Join Date: Feb 2009
Location: Ottawa, Ontario
Posts: 5,951
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Re: View: Main Event a reentry?
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Originally Posted by No Limit_Jesus
I find it funny when people mention a 10K buyin, as something affordable to the average person. Like anything over 10K is too expensive.
Reality is few pro, are even rolled for a 10K buyin. Let alone some poker fan.
Personally I would have to have something like $4million to even consider playing a 10K buyin.
If I sat in a 10K, its a different story.
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10K certainly isn't affordable to everyone. But it's affordable as part of a long term plan, or if you're an upper middle class white collar worker, or if you've cashed a big pension after your retirement. It's also a great sweet spot for satellite tournaments, as you can do everything from long shot $60 entries, to midrange $200-$300 entries, to higher stakes 1K entries.
It's important to realize that for the majority of people who play in the main event, it's not a decision about +EV or -EV or "bankroll management." It's a 10K vacation, because they'd rather pay 10K to play in the WSOP main event than buy a speedboat or fly to thailand to pick up ladyboys or whatever else people do with 10K. They aren't saying, "well, I think this is the wisest way to spend $10,000, so here I go...." they're saying, "man, this is going to be ****ing cool."
Raising the price past a certain point would show a HUGE drop off in attendance. I'm not sure if that spot is 10K, it wouldn't surprise me at all to see ME attendance cut in half if the buyin was raised to, say, 25K.
If anything you could argue to lower the buyin, but it's totally unnecessary as the tournament is typically filled to capacity anyway (wasn't there some recent scandal about name pros getting turned away due to lack of space like... last year?).
Ideally you want the buyin set as high as you can set it while still selling the maximum number of seats. I doubt anyone in NVG has the poker tournament + business experience to put an exact number on that, but if you put a gun to my head and made me pick a number, I'd guess the 10K entry has it about right.
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07-23-2012, 06:16 PM
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#49
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veteran
Join Date: Jul 2012
Location: CTU
Posts: 2,178
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Re: View: Main Event a reentry?
Quote:
Originally Posted by Samdk77
You are missing the point. Playing the ME is not +EV for anyone. It's about taking that shot, making it big, be a star for 15min. Pro's who live of poker, doesn't consider ME a +EV tourney, that's not why they play it, they do it for the glory. The main field is made out of the "avarage man" who just considers this a fun and possibly awarding thing to do. They don't do it to make a living, they don't do it because it's a "smart" way to make your money grow. They do it because it's a fun experience they have 1'ce a year or maybe 1'ce in a live time. That's why ME is the "peoples tournament" not the pro grinder. It should stay that way IMO.
edit: busted before the money all times I played, I will still play it eventhough it's -----EV
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This is a load of nonsense really. The ME gets a load of amateurs playing it and thus makes it very +EV for the top players. There's a reason that the top players on 2+2 can sell Main Event action at like 1.3-1.4 markup.
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07-23-2012, 06:19 PM
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#50
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Pooh-Bah
Join Date: Nov 2008
Posts: 4,937
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Re: View: Main Event a reentry?
Quote:
Originally Posted by Chloe O'Brian
With unsegregated online poker not currently allowed in the USA, field sizes are already slightly declining so upping the buy-in would be a terrible idea, at the moment anyway.
Also changing to a re-entry is a big no-no for me, +1 to the guy who mentioned tradition.
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it's gonna be tricky whenever they decide to raise the buy-in mainly because historically there are 10ks, 25ks, 50ks, 100ks, and a jump from 10k to 25k would be really huge, so would it be a 12k tournament? 15k? 20k?
it's an awesome tournament, and people love it. probably doesn't need to be fixed right now, but i think within the next 10 years or so, and especially if online poker is back and the economy turns around, a 20k tournament would probably be better.
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07-23-2012, 06:22 PM
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#51
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banned
Join Date: Oct 2010
Location: Catching fish
Posts: 944
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Re: View: Main Event a reentry?
Quote:
Originally Posted by Chloe O'Brian
This is a load of nonsense really. The ME gets a load of amateurs playing it and thus makes it very +EV for the top players. There's a reason that the top players on 2+2 can sell Main Event action at like 1.3-1.4 markup.
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hahahahahaha
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07-23-2012, 06:24 PM
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#52
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veteran
Join Date: Jul 2012
Location: CTU
Posts: 2,178
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Re: View: Main Event a reentry?
Would be nice to see the field swell to its 2006 size again when Gold won $12m.
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07-23-2012, 06:29 PM
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#53
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centurion
Join Date: Aug 2011
Location: Northern European:Solving No Limit
Posts: 186
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Re: View: Main Event a reentry?
Quote:
Originally Posted by starvingwriter82
10K certainly isn't affordable to everyone. But it's affordable as part of a long term plan, or if you're an upper middle class white collar worker, or if you've cashed a big pension after your retirement. It's also a great sweet spot for satellite tournaments, as you can do everything from long shot $60 entries, to midrange $200-$300 entries, to higher stakes 1K entries.
It's important to realize that for the majority of people who play in the main event, it's not a decision about +EV or -EV or "bankroll management." It's a 10K vacation, because they'd rather pay 10K to play in the WSOP main event than buy a speedboat or fly to thailand to pick up ladyboys or whatever else people do with 10K. They aren't saying, "well, I think this is the wisest way to spend $10,000, so here I go...." they're saying, "man, this is going to be ****ing cool."
Raising the price past a certain point would show a HUGE drop off in attendance. I'm not sure if that spot is 10K, it wouldn't surprise me at all to see ME attendance cut in half if the buyin was raised to, say, 25K.
If anything you could argue to lower the buyin, but it's totally unnecessary as the tournament is typically filled to capacity anyway (wasn't there some recent scandal about name pros getting turned away due to lack of space like... last year?).
Ideally you want the buyin set as high as you can set it while still selling the maximum number of seats. I doubt anyone in NVG has the poker tournament + business experience to put an exact number on that, but if you put a gun to my head and made me pick a number, I'd guess the 10K entry has it about right.
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Yes put this way I agree with you. I see it totally different now, then I did when I posted that post. I guess If you are a doctor or lawyer, you could safely buy into the main event.
I guess I am the type, that would rather use the 10K on sometthing I deem more life sustainable. Again I am not making a wall street salary or lawyer/doctor salary.
Therefor I don't flirt with the notion of a "10K vacation
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07-23-2012, 06:31 PM
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#54
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journeyman
Join Date: Mar 2008
Posts: 387
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Re: View: Main Event a reentry?
i thought they made some of the wpt tourneys and such to build the prize pools and make the casino more money. the wsop main event doesnt have that problem just yet. so why change it?
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07-23-2012, 06:45 PM
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#55
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veteran
Join Date: Dec 2010
Posts: 2,195
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Re: View: Main Event a reentry?
Quote:
Originally Posted by Samdk77
hahahahahaha
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You think nobody is +ev in the main event?
I'm confused.
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07-23-2012, 07:14 PM
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#56
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adept
Join Date: Jul 2012
Location: Philadelphia
Posts: 1,082
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Re: View: Main Event a reentry?
why not have 2 day re-entry bust 1st 2day come back the 2nd day but you only get 1 more re-entry.
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07-23-2012, 07:36 PM
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#57
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lazy degen
Join Date: Apr 2008
Location: Flippin
Posts: 10,104
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Re: View: Main Event a reentry?
Samdk77 my new favorite poster by a lot
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07-23-2012, 07:56 PM
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#58
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Carpal \'Tunnel
Join Date: Dec 2008
Location: Switching to pulsating light
Posts: 8,096
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Re: View: Main Event a reentry?
if it's supposed to reflect how good people are in the slightest and not how rich, it's a terrible idea. otherwise it's fine.
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07-23-2012, 08:38 PM
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#59
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Pooh-Bah
Join Date: Aug 2007
Location: It's Problem
Posts: 4,420
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Re: View: Main Event a reentry?
I played the wsop $1k rebuy years ago and DN and a few other pro's at one point didn't even look at there cards and just auto rebuyed for tens of thousands like it was nothing. Having rebuy option in the WSOP ME will not work for the once in a lifers as mentioned that will not do a rebuy.
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07-23-2012, 09:01 PM
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#60
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Pooh-Bah
Join Date: Aug 2009
Posts: 4,138
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Re: View: Main Event a reentry?
It's just a terrible terrible idea from every perspective. Here you have a 10k buy in that uniquely gets 6000 runners despite the closure of online poker in the USA and the economic downturn. Even harrahs are not stupid enough to kill the goose that laid the golden egg. They rake a fortune from this comp so no way will they change either the buy in or make it a re entry to put off many of the recreational players which make the tournament from entering. They want their one shot of glory. They want to play hellmuth on the feature table so they can be excited and show all their friends in their home game. They didn't turn up to prove they are the best players.
Those who complain that there isn't enough big names final tabling it are bonkers. In the last few years we've had mizrachi, Ivey and lamb on the final table.Additionally some of the players such as hachem and duhamel have become more established names after winning the main.
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