Thank you for the feedback and the support. A lot of work being done regarding training, untraining, and retraining. We have some really great members of the team who really care and at the end of the day it all boils down to excellence in service and attitude.

Hope to see you on day 2 of The Guaranteed Overlay

FYI…renovation going on at this poker room. Sat through a session with mitre saws and hammer drills. I can at least check "Playing poker in a construction setting" off my list.

I will be setting up at Parx until things are done.

Sorry for the inconvenience - hope to see you on the Grand Opening Sat. July 18

I don't know if you can answer this but what will be the promos on that day specifically? I might come home from my internship for it.

Just messaged you

David,

First off, your guaranteed overlay tournament is a great promotion... However...

There is a HUGE issue with how you are structuring it. You say you are playing each day down to 10%. So in other words, Day 1A could get down to 10% after level 12. On Day 1B It might take until level 15. Which means someone could get knocked out in level 13 and cash but someone getting knocked out in level 15 might not cash.

Each starting heat should play to a specific time, not a specific number of players. If this means that someone coming back for day 2 might not cash, so be it... or if you want to pay everyone who gets past level x that's fine too, but the way you have it set up is inherently wrong and unfair.

Edit: also, where are you starting day 2? The level that the shortest day 1 went or the longest? Or did this not even get considered?

AC thank you for your inquiry

I have run a great number of tournaments playing to a specified percentage rather than playing to a specified level. This is the format used at the LAPC at the Commerce, The Aria $2mil gtd., and the Chicago Poker Classic events. I believe that this format is by far a more fair option than playing to a level because regardless of time played the average stack advancing to day 2 should all be the same (save rounded down 10%). Playing down to a specified level has the capability of skewing the average stack more drastically if any one flight plays slower than another which is less fair to those advancing from flights which played slower since their avg. chip count would be less.

2nd question: yes we did take into consideration where we are going to start on Day 2. Printed on the back of the flyer we will be restarting Day 2 at the beginning of level 13 unless a Day 1 flight finished sooner. That being said, mathematically all flights should reach the money bubble around level 14. Sometimes the bubble takes longer to break depending on game speed, which is why we are backing up to level 13 to start Day 2 to give a little more breathing room.

- Dave

Dave is right. Avg stack from every flight will be 150k (less rounding).

So each flight (as a group) will have equal tournament equity. Whether all flights play level 12 or whatever is really immaterial.

In addition I believe (although I'm not totally sure of the math) on avg a 50 player field and a 100 player field will play down to 10% in roughly the same amount of time within the same structure.

Correct, usually play ends each flight within about 20-30 minutes of each other. Every now and then you get some crazy money bubble that won't pop and the play goes on a bit longer, but irregardless at the end the restart level is the same for everyone and so is the avg stack.

Thanks for your reply.

so imma little confuse about the poster on the website for the overlay tournament.
At the top it says:
We are betting you $10,000 that we miss the guarantee.
If we lose, we’ll add $10,000 to the prize pool!

and at the bottom on page 2 it says
If the $100,000 prize pool is met by entry fees, Harrah’s Philadelphia will add an additional $10,000 to the prize pool

Does that mean no matter what they are adding in 10k to the prizepool?

Thank you - and I understand the wording is a bit gimmicky

Basically the Guaranteed Overlay is simple. If we miss the $100K we make up the shortage by adding money. But even if we hit the guarantee we will have to add $10K. So one way or another, money will be added - hence the Guaranteed Overlay

So wait a minute does that mean if the tournament doesn't hit the guarantee and lets say its around 80k. Then you will add 10k to make the total prizepool 90k?

No, if we miss the $100K gt by $20K we will add $20K

And they will have a new poker room manager.

Lol! That's awesome

No, I actually hope we get crushed and have to add $50K - I like siiiik value for the players in our room.

First I am a fan of the product - players who have stuck by us or are willing to give us another shot deserve it - I almost titled it the Atonement Series

When you say Harrah's will add the money, does that or does that not actually mean you will be using the jackpot/promo money?

I think we all know the answer to that.

Thanks cash players!

Yes, promo. Tournaments pay into promo as well not just cash games.

You can actually thank the tournament players as well for this one.

Ok. This leads me to a few questions. I haven't been to Harrah's in months, but I plan on returning for the overlay tournament and if I like the changes I'll be there more often. I will say that having you as an active participant in this thread is already a huge improvement.

#1. In the past it was pretty clear that the tournament buy in was the entry that goes to the prizepool + whatever the juice was that went to the house. Then 3% was deducted from the prizepool for dealer tokes. Where does the promo money come out of?

#2. Do you keep the promo money from cash games and tournaments separate and return the cash game money to cash players and tournament money to tournament players, or is it one big pool that is used at your discretion?

Anytime I think about going back there for a guaranteed tournament...This enters my mind: http://forumserver.twoplustwo.com/27...ulled-1386384/

Haven't been back for one since.

Piggybacking on above... Did I correctly read on the structure sheet that the dealer tokes are 5% not 3%?

and all the big steps forward in the past 6 months just took a big jump back (thanks FromACtoLV for bringing this to our attention).

this is the same reason i stopped playing at the taj. they were taking the jackpot money from the holdem games and literally just giving it to the stud players for having their game there who didn't contribute to the jackpot drops at all.

#1) promo money is just house money reinvested into the poker room for events and promotions

#2) no separate pots it is a reinvestment of revenue. You can look at it as one pool if that is easier