The 20% is only the $100 one. I'll have the rest of the buy-ins and juice on the website soon.

Not sure of the exact number but quite a few. This past Saturday we did something like 3 royals and 8 straight flushes.

On Monday we had the same dealer deal two royals within 20 minutes.

I've won over 200 hands (if I win, say, 15% of hands, which is a conservative estimate for a crazy lag-tard like myself, it takes about 45 hours at 30 hands per hour). I've also never gotten any promo money. I'm not exactly a regular, being out of town most of the time, but when I'm there, I do long sessions - I tend to be one of the crazies leaving at 5am.

Whether winning a promo or not does not change EV. Expectation isn't result-oriented.

Isn't the promo pool of money growing? If it is, this promotion is -EV for the players.

If the pool is reducing (more money paid out than going in), the promo is +EV.

Seems like the high hand promo that was originally in place (the one that included quads) was +++EV and the money dried up. This was after a time period where the promo $1 was collected without any program whatsoever.

Seems like a pendulum of +/- EV, where right now it is on the -EV side and will go back +EV once the pool has grown to a satisfied size?

That said, I am not worried about where the $1 goes. Sure, I would endorse some promos more than others, but.............it's just $1.

It's a really nice/convenient option to have especially in bigger PLO games that can get deep.

I don't know how the EV can be calculated to anything but near even, or maybe dead-even? All players pay the same $1 per winning hand, and all players have the same chance to make the bonus hands. Is it, or is it not relative that some players will enter the pot with just about any possible straight-flush cards, while others will not? Anybody know for sure? I think all I've read so far are opinions and guesses.

You could say that there are 2 different levels on which you can look at this.

My comment was regarding the totality of action of all the players, the entire room giving/taking promo dollars. If the players, as a whole, are receiving less in winnings than is being given, it is -EV. If they receive more than they are giving back to the pool, it is +EV. And this would best be looked at over the course of at least a week.

You are commenting on the likelihood of a looser player hitting a hand versus a tighter player. Obviously the looser player is going to hit more sf's and it is variable.

Yes, the looser players will hit more sf's but they will also put a few more dollars into the pool, when they win with such hands without making the sf. What the ratio is, and what effect it has, I have no idea.

As far as whether or not the players as a whole have an plus or minus EV, I would have to guess it's minus. For it to be in the plus, wouldn't the house would have to be adding money to the pool? I suppose the next question would be, "assuming there is a surplus of money in this pool, where does it go?"

The excess money goes into the "coconut's fund", wherein all of coconut's needs and wants are satisfied.

JUUUSSSTTTTT KIIIDDDINNNGGGGG

Whaddya mean, just kidding? I think this makes perfect sense. It would help pay for my therapy.

some one had already post my reply

Tuesday & Thursday
$100 Buy-In / 2,000 Starting Chips
$10 Bonus Buy* / 1,000 Extra Starting Chips / 20 Min. Blind Levels




Saturday
$500 Buy-In / 6,000 Starting Chips
$10 Bonus Buy* / 1,000 Extra Starting Chips / 30 Min. Blind Levels




Sunday
$200 Buy-In / 4,000 Starting Chips
$10 Bonus Buy* / 1,000 Extra Starting Chips/ 30 Min. Blind Levels




beginning in 2009

LAST SUNDAY OF THE MONTH
$1,500 Buy-In / 8,000 Starting Chips
$10 Bonus Buy* / 2,000 Extra Starting Chips / 40 Min. Blind Levels




ALL TOURNAMENTS BEGIN AT 12PM
Registration opens 2 hours prior to tournament start.


"ouch" on the 80+20+10!!!...I wouldn't stake Durr in that game.

How do the others stack up as far as buy in to rake(include "mandatory" toke)?

Hate to sound like a nit but that really is steep/not competitive for the player. Might as well not have them imo.

I agree, at least with respect to the Tuesday/Thursday tournament. I also hate the "extra charge" for a "bonus buy."

I would, think/hope/assume since this is typical, that the "bonus" buy in money goes into the tip pool for the dealers rather then to the house.

I think you are right. But, with such a high rake perhaps the house should divert some of its take to the tip pool. Also, a $10 bonus is high.

$10 might seem high compared to a $100 buy-in, but remember that the tournament dealers are not making any tips that they would be if they were dealing cash games.

Personally, I like all the dealers at the Horseshoe and want to see them make a lot of money.

I do to. The dealers also receive tips from those that win $$$ in the poker tournament.

20 min rounds = turbo
not worth the time,

it's an $80 buy-in. If 100 players play there's 8K to be split up by the players and 3K for the house/dealers. Guess I'm a nit, but running these twice a week is a pretty good way to drain a lot of money relatively quick. I'd let anybody pick the best five players in the room and bet they can't be profitable as a group (in these) after one year of these.

How long do you think the blinds should be for a $100 tournament? I don't think you'll find a tournament anywhere around here that has blinds longer than 20 minutes for a tournament at $100 or less.

This is not a deep stack tournament. With 60-100 players and a good blind structure this tournament will still take 5-ish hours.

The bonus buy does go to the dealers. Many of the players that will play the $100 tournaments will be new players and they might not tip if they win. Most of the dealers wage comes from tips and the bonus buy will make it decent for them to deal it. It is not mandatory to do the bonus buy.

I beg to differ, you will consistently see the better players at the final table. The structure is pretty good and the starting chips are decent.

Do you play tournaments? Twice a week for a $100 buy-in at noon is not to often. There are MANY players out there that JUST play tournaments. So it also puts money back into the games and helps the not so good player that just won the tournaments move up in limits if they win a tournament. Wouldn't you want that player that got lucky in the tournament, in your higher limit game? Or if they stay in a lower limit game they could now be much looser.

jeremy i think the time is now for a feeder system for 2-5, ive been seeing it so much . game opens up at 11 in 5-6 hours around dinner time all of a sudden there are 4 tables with 1-2 open seats and the latest game to start is full. majestics feeder system did work.

Not trying to bust your balls, Jeremy. Also, no I'm not a regular tourney player. Used to play a lot of sng's and tourneys on-line but am now almost all cash. I would make that prop bet though for any amount up to where it got to the point where collusion would be obviously profitable. I just don't think a situation where you're approaching a 30% house take is beatable. JMO. Have enjoyed the over-all room very much the few times I've gotten to make the trip.

The fact that people are asking for a feeder game in 2-5 speaks to why the game is profitable. A feeder table doesn't solve your problem of everybody going to dinner at the same time.

Jeremy, a 2-5 feeder game would be a pretty awful decision and upset a lot of players like me.