What times are the registration lines open?

They open about 830am and stay open til about 10 or 1030pm.

Played in one of the nightly $135 games. For those that haven't made it down there, the 'admin' fee is $35 of that $135 - so only $100 is going into the pot. A 35% fee seems quite a bit higher than normal. I won playing cash in the poker room ahead of the tourney, made it a little more bearable.

Math is hard.
35/135=25.9%

For comparison:
Rio Daily Deepstacks - same rake
Foxwoods Wednesday $120 - 20*/120=17%
Borgata daily 120 - 20/120=17%
Seminole 35/150=23%
*plus PPC holdback

Rake is high but it's not 35% and it's not an outlier.

Be careful on placing your bets.

25 orange
100 green
500 yellow
1000 grey
5000 purple

Thursday morning $365 tournament a guy raises $2200 first hand. 2 grey, 2 green. Thought he was making it $250.

It's a balmy 86 degrees in the ballroom today with 400+ bodies in seats for the Monster Stack event 7. Leave your hoodies at home.

I guess I was looking at it a little different, $100 entry with a $35 fee, is 35%.

Not trying to argue, just pointing out why I said 35%.

Of course it's 35%. If you buy something at $100 and there's 8% sales tax you pay $108. If there was 35% sales tax you'd pay $135....

What's the rake % of a $100 tournament that is $50+$50(rake)? By your math it's 100%. A tournament that has 100% rake has no prizepool.

You sir imo are wrong and Bradley is right but this has been an on going argument for years. The casino usually chooses your way as that makes it seem less.

Technically you're both right. However, I have never seen rakes advertised as a price + % anywhere, so I'm not sure what benefit there is to view it as such.

Spoke with Dennis. He will try to use green 25s and black 100s in main.

It's 35% rake idiots

I don't think I have ever seen a tournament list its rake % in a way that would make it 35% in this example. Have you?

25.9% of the total buyin goes to rake. The rake is 35% of the portion of the buyin that goes to the prizepool. There are two different ways to calculate rake. Truce?

yea, truce.

I wasn't trying to start a flame war or anything like that. Partially agree with akashenk, I'm not sure if I've seen a live game advertised as entry+fee; online is a different story - Pokerstars / Bodog (or whatever it is now) typically listed as entry+fee.

That said, I only added the comment above (sharing the $100+$35) as a heads up. Saying that ~26% of the $135 is the rake is an accurate depiction as well.

-baldpope

Like I previously said, I think there are definitely two different ways of looking at it. But when people talk about buy-in, they usually mean the total cost including rake. I mean, people don't talk about playing the $9400 WSOP Main Event, or the $1400 Milly-Maker. So, that being the case, why would anyone ever choose to look at it as some price + %?

Anyhow, 25.9% is high enough that one does not have to label it as 35% when no one (at least in my experience) ever uses that methodology when talking about rake.

Most venues now list their tourney entry costs as base cost + rake/fees. However they don't list them as base cost + rake%, and that's all I am getting at. Poker players discuss/debate/bitch about rake percentages. They don't do the same about actual rake amounts. So, if we're going to talk about the thing that players discuss/debate/bitch about, then we should do so based on what actually gets discussed... the rake percentage advertised by venues, and that isn't the 35% mentioned in this thread.

This actually brings up an interesting point. As an example, a player entering one of those $365 tourneys with 17.8% rake at the WSOP this summer is going to pay about $65 in actual fees. A player entering the ME will pay $600 in fees. So the ME costs nearly 10x more to the player in fees than the $365. Now, its clear the ME is a longer tourney, and the average player will play for longer, which means more overhead for the venue. But other than that and I guess "opportunity" cost to play for such a large prizepool, there really doesn't seem to be a heck of a lot of difference in the product being sold by the WSOP. I mean... is the drink service better at the ME? Are the seats more comfortable? Are the dealers better?

I bring these two tourneys up only as examples. I think while players get all bent out of shape when they see rake percentages in the high teens, 20's or even higher, a case can be made that its these larger buy-in tourneys, with smaller rake percentages, where players really get fleeced.

Wow i suggested to dennis to combine chip sets for main, so colors would be easier to follow.

He did it. No more headaches!

You do make things better for players Allen. Thanks keep up the good work.

It's margin vs markup classic debate. Margin is more accurate here, 25.9%

Final prizepool for main over $1m.

Huge success

Good, hopefully WSOP will come back after the earlier unpleasantness.

Yes I sure hope Potawatomi becomes a regular stop! Great tournaments !