Any word on whether the Parx WPT Main Event will be a 10k or a 3.5k?

the great savage,

anything you can give us regarding the LAPC? Dates? Will it be a 10k? cmon you know you want 2...lol

It WILL be 10K and roughly the same dates as 2011. The Main will likely start the last Friday of February.

thanks! i think bummer as a 3500 reentry would of maybe got 2k runners down there.......but still a great event......will make it out for a week!

hi matt savage, big big fan. everyone wants to know about the derby lane wpts!

+1million

WPT Parx FTW

+1.
Can Matt or anybody confirm that there are no taxes withheld from winnings in Amneville and other upcoming non-US WPT events? Is it only the WPT events held in the US that has the horrible 30% withholding tax for non-residents?

WPT Marrakech Casino de Marrakech, Marrakech, Morocco, Nov. 24 – 27, 2011
WPT Prague, Prague, Czech Republic, Dec. 1 - 5, 2011
WPT Celtic, Dublin, Ireland, January 4-8, 2012

Matt- Can you confirm that WPT Amneville is a plain vanilla freezeout and WPT Prague is a re-entry?? I'm hearing conflicting things for both and just wanted to see if you could clarify..thanks!

Looking into this for you

For the record, which do you prefer?

In France there is 4% of the prize pool withheld for the government

Well I most likely will only be able to make Prague, so that is the one I'm most interested in...I prefer a freezeout, but I understand the merits to have a re-entry as well...Im sure most of the HSMTT traveling regs will prefer a re-entry but I'm not quite sure how the random recreational Euro player will react to it...to your knowledge have any of the major tours hosted a re-entry in Europe before?

Re-entries are great. Some recreational players or ppl only firing 1 bullet might slightly disagree with me and be a tiny bit annoyed by it, but i doubt any1 actually skips a tourny for that reason. Plus im sure some ppl firing 1 bullet like the fact that some ppl are playing terrible and spewing off their chips bc of it.

Bigger fields, bigger prizepools, plus it makes it way more appealing to a lot of ppl. The thought of coming to a tourny and busting in a hr prob deters a lot of ppl from travelling to the tourny, but now if they have a 2nd chance they're more likely to come. Plus it helps compete with other tournaments that are at same time. A 3k re-entry is more appealing than like a 5k or 10k to a lot of ppl, whereas if it wasnt re-entry a lot of those ppl will choose the bigger buy in one instead.

I'm against re-entry tournaments but will happily play them if they're offered. I and I'm fairly sure a lot of others would never travel to Europe for any of these smaller buy-in WPTs due to the travel expenses but would consider going for a re-entry with the same buy-in.

i feel most rec players don't like it but it doesn't' dissuade them from playing, and i wouldn't hop on a plane to some places without reentry. i would have skipped the bike if they didn't have it.

i think that a good system for the WPT would be to provide 3500 re-entries, 5k freezouts, and keep the 10ks at bellagio, commerce, and bay 101. i'd argue that foxwoods should be a 5k assuming it draws as poorly as it did last year.

fwiw, Matt confirmed for me that Amneville is indeed a FO and Prague will be a re-entry...

Foxwoods will draw better this year IMO. And making it a 5K would definitely make the prize pool smaller, it's not going to more than double the field size.

Here is my argument, given that I feel like I have a good grasp on the economy at foxwoods over the years, and how it has changed.

I believe that live players, and even moreso the foxwoods crowd, have a budget that they adhere to, that a 2-5 nl player will play 500$ tourneys, 5-10 players play 1k tournaments, and so on. Over the years 2 major things have changed at foxwoods, one is that the % of NL tables running as 5-10(5-5)+ has dropped significantly, and tournament series have been placed all over the calendar reducing satellite qualifiers. There is 1 minor thing I think is also hurting, which is that they started spreading non ACT SNGs, which gets to the overall problem.

The thing that has always made foxwoods huge was the Steps, called ACTs at foxwoods. When I started there they used to run these ACTs (2 levels of satty SNG, then a target mtt mega sat every 2 weeks) in may/june to qualify people for the big WPT in october, I vividly remember these being a huge deal, and players would commonly sit in a game trying to win X$ for the mega.

Foxwoods now has 5 or 6 tournament series over the year where there were once 2, as well as a deeper daily tournament schedule, all while the average expendable income in the area has decreased. 5-10 games rarely run on weeknights instead of around the clock, and 2-5 has frequently become the biggest game in the room, with few players considering 1k a reasonable buyin for their financial circumstances.

My opinion is that a 5k main with 500$ megas will draw substantially more money from the cash games into the MTTs, with a slightly lower overall prize pool but a softer event that is more sustainable for the local poker economy

That's good news for me. I hate the re-entry format since the casino keeps charging the full rake for every re-entry so it is -EV for most players to re-enter. A rebuy format is comparatively much better than a re-entry format since the players are not charged rake for unlimited rebuys and an add-on, so 100% of the increasing prize pool goes to the players and more players can beat the lower effective rake in the long run.

how is it +ev to enter the first time but -ev to enter the 2nd? once you bust the tourney the 1st time it has nothing to do with the 2nd right? or am i missing something? i see lots of people posting packages with 1 bullet to these events and it confuses me.

Ya the EV is obv the same the 2nd time. Its completely irrelevant if u already bust once. But ya i never really understood that either. Some ppl prob only sell 1 bullet cuz they wanna keep the buyins down.

Kinda dumb when every1 talks about how they hate the fact that u have to pay juice a 2nd time. Of course u should, its just the same as if u bust one tourny and enter another one. No reason why u shouldnt have to, unless they just randomly start making main events an actual rebuy tourny, which is absurd and 100X times different than a re-entry.

No, most players can't beat the rake, so paying the rake again on the same trip makes them go busto faster. Just like a WSOP bracelet event doesn't allow re-entry, neither should WPT bracelet events.

I was at Bay 101 earlier this year when Matt TD'd the Bay 101 Open main event, which he made a re-entry with 2 Day 1's. I didn't see him put a gun to anyone's head making them re-enter after busting. If someone doesn't want to re-enter after busting, they don't have to.

Matt, that event was a big success. Does that mean you might make the Shooting Star prelim event a re-entry event? I know it would use up another day to have 2 Day 1's, but I think it would pay off. BTW, the re-entry aspect of the Bay 101 Open wasn't really advertised and iI think most players didn't know about it, or it would have been an even bigger success.

it's only slightly more rake,

a 5k+200 with 2% for the dealers rakes 300$, 600 if you play twice

a 10k+300 with 2% for the dealers rakes 500$

balanced against savings on expenses and variance by playing at the same venue and breaking up your buyin into 2 events, re-entry events should be overall better for the individual bankroll (but overall net worse for fish in general)

There is a small chance of that happening, you know Bay 101 hates giving up their cash tables on a Saturday.