PokerStars Festival Bucharest prizefund - WSOP and Tournament Circut

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PokerStars Festival Bucharest prizefund

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08-07-2017 , 05:37 AM

hedgecock

banned

Join Date: May 2007 Posts: 226

Hi all,

Maybe I'm just being dumb or it's too early on a Monday morning for my brain, but the recent PS festival Main Event won by Sam Grafton...it had 736 runners paying 1100 euros each (1000+100), but the prizefund was only 706,560 euros...

Now my maths is **** at the best of times, but...what am I missing here??

Hendon mob results link http://pokerdb.thehendonmob.com/event.php?a=r&n=456278

Cheers,
Andy

Last edited by hedgecock; 08-07-2017 at 05:59 AM. Reason: typo

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08-07-2017 , 05:58 AM

nanana_batman

enthusiast

Join Date: Nov 2010 Posts: 64

I just know this from the Kings Casino in Rozvadov (CZ) that they cut some percentage of the pricepool as another casino-rake or probably as a regulated, country-related tax-thing..., even after you already payed a Buyin-Fee (Buyin + Buyin-Fee).

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08-07-2017 , 06:00 AM

hedgecock

banned

Join Date: May 2007 Posts: 226

Quote:

Originally Posted by nanana_batman

I just know this from the Kings Casino in Rozvadov (CZ) that they cut some percentage of the pricepool as another casino-rake or probably as regulated, country-related tax-thing..., even after you already payed a Buyin-Fee (Buyin + Buyin-Fee).

CHeers nanana, makes sense (but horrible). I haven't noticed it before (which is bad, as it's my job to know these things and tell others, not to have to ask others!)

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08-07-2017 , 07:06 AM

marek_heinz

Carpal \'Tunnel

Join Date: Apr 2009 Posts: 13,905

4% of the prize pool will be withheld to cover the costs of Tournament Staff

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08-07-2017 , 08:58 AM

Josem

human chemical weapon

Join Date: Jan 2007 Posts: 18,189

Quote:

Originally Posted by marek_heinz

4% of the prize pool will be withheld to cover the costs of Tournament Staff

Why is it presented in this way? Why don't live poker operators just show the prices in - what seems to me - to be a more transparent manner of (amount to prize pool) + (amount of fees)?

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08-07-2017 , 09:36 AM

marek_heinz

Carpal \'Tunnel

Join Date: Apr 2009 Posts: 13,905

To make the rake look lower I guess. Also saying 10% rake + 4% for staff sounds better than 14% rake

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08-07-2017 , 09:36 AM

raidalot

veteran

Join Date: Feb 2008 Posts: 2,182

So it's basically a 960+140 (15% rake lol).

Taking x% on top of the rake to pay for tournament staff (what's the rake for then?) is just a way to make the fee sound less big. It's become pretty standard to do it this way. Personally I just look at the total fees, whatever they call them.

I don't understand why people play these Greedstars festivals anyway. With the ever-growing rake, faster structures and ridiculously large payout %, what's the point?

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08-07-2017 , 09:40 AM

SleepySun

journeyman

Join Date: Jul 2014 Posts: 367

So what is the 10% paying for then, if not the staff?

I get setting up an event might be expensive, but this should be including in the rake. Given that a lof of these tournaments are televised they are also getting in money from TV stations. Where does that money go to?

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08-07-2017 , 10:28 AM

getmeoffcompletely

old hand

Join Date: Aug 2012 Posts: 1,670

Quote:

Originally Posted by SleepySun

So what is the 10% paying for then, if not the staff?

PS is not a charity. They expect to make profit in addition to paying for the staff.

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08-07-2017 , 12:11 PM

#10

Philly_28

newbie

Join Date: Mar 2017 Posts: 33

hope its a type o or something to lost 30k euro from the prizepool is just wrong

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08-08-2017 , 09:30 AM

#11

jokerspades

enthusiast

Join Date: Apr 2011 Posts: 74

Lol this is absolutely disgusting.

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08-10-2017 , 11:33 AM

#12

FWWM

FOOT FF Fristion '15

Join Date: Oct 2013 Posts: 12,499

Quote:

Originally Posted by nanana_batman

No idea about Bucharest but pretty sure at Kings it has nothing to do with taxes or regulation, it's just a hidden money grab, because LT is not rich enough, apparently. Other casinos do this also.

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08-10-2017 , 01:29 PM

#13

Sect7G

Carpal \'Tunnel

Join Date: Jun 2009 Posts: 11,234

Quote:

Originally Posted by raidalot

Tbh these smaller buy ins have a lot of value for someone that really just wants to use it as a vacation and meet up with poker friends. I've been to about 20 and for the most part had a lot of fun.
The rising costs and lack of sponsored entertainment have been the primary reason I stopped going.

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