Guaranteed Payout Tournies- If it doesn't fill, should you play? - Internet Poker

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Guaranteed Payout Tournies- If it doesn't fill, should you play?

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09-01-2007 , 02:58 PM

Yo'Maha

adept

Join Date: Oct 2005 Posts: 819

I am skeptical of guaranteed payout tournaments online if the buyin doesn't cover the payout?

Does anyone have any experience or thoughts on this? Do websites (any of them) actually pay out say, $3,500.00 in a guaranteed tournament if the buy-ins only generate $3,000? It doesn't seem profitable to be and seems fishy.

I'm hesitant to join these when I see low turnout.

Any thoughts? Suggestions? Input? Experiences of getting screwed? Conspiracy theories?

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09-01-2007 , 03:10 PM

Seether

old hand

Join Date: Jun 2004 Posts: 1,741

It isn't a giant scam and most of the time the site is breaking even/ making money off the rake that was already paid for the entry by the other players.

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09-01-2007 , 03:10 PM

whitcolumn

adept

Join Date: May 2007 Posts: 1,123

I don't understand why you would be hesitant? Lower turnout in a guaranteed tourny= more value per player= GOOD thing.

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09-01-2007 , 03:19 PM

MarkGreb

centurion

Join Date: Sep 2005 Posts: 163

Don't play, I like overlays.

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09-01-2007 , 03:50 PM

kcheel

old hand

Join Date: Oct 2005 Posts: 1,519

You shouldn't play if you don't like money.

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09-01-2007 , 03:55 PM

ChipFerFree

grinder

Join Date: Dec 2006 Posts: 547

hmmm -- of course play

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09-01-2007 , 04:01 PM

Yo'Maha

adept

Join Date: Oct 2005 Posts: 819

Quote:

I don't understand why you would be hesitant? Lower turnout in a guaranteed tourny= more value per player= GOOD thing.

I agree if all is on the up-and-up. I was just asking if everyone thought the sites actually made a habit of ponying up the extra $$$ to hit the guarantee.

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09-01-2007 , 04:16 PM

Wilco666

old hand

Join Date: Jun 2006 Posts: 1,339

Quote:

I was just asking if everyone thought the sites actually made a habit of ponying up the extra $$$ to hit the guarantee.

Yes, they do.

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09-01-2007 , 04:18 PM

Lyrrad

adept

Join Date: Oct 2006 Posts: 1,012

At the site I play at it's rare for there to be an overlay. Just sign up as late as you can, and don't be surprised if there isn't an overlay. If you have rakeback, the overlay may be deducted from your MGR at some sites.

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09-01-2007 , 04:19 PM

#10

whitcolumn

adept

Join Date: May 2007 Posts: 1,123

Quote:

I don't understand why you would be hesitant? Lower turnout in a guaranteed tourny= more value per player= GOOD thing.

I agree if all is on the up-and-up. I was just asking if everyone thought the sites actually made a habit of ponying up the extra $$$ to hit the guarantee.

Stars does constantly. The double shoot outs to the Sunday Million (especially the $530 million) only make the guarantee about 50% of the time (especially the later, non turbo ones.)Stars still runs like 3 of these an hour.

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09-01-2007 , 07:46 PM

#11

Albino Lord

Lowest Common Nominator

Join Date: Jul 2007 Posts: 1,785

Bodog is constantly paying out overlays for most of their tourneys. Just this week they dropped some of the guaranteed MTT money that were nearly always short. In fact I've never seen their big $100K Sunday tourney NOT have an overlay.
(I'm guessing because of the website disaster is why the drop in guarantees)

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09-01-2007 , 08:15 PM

#12

jafeather

old hand

Join Date: May 2006 Posts: 1,928

Quote:

Don't play, I like overlays.

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09-02-2007 , 12:32 AM

#13

Emperor

old hand

Join Date: Feb 2003 Posts: 1,725

DON"T PLAY!!!

IT IS A SCAM!

PM ME WITH SITE NAME + TOURNEY NUMBER!

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09-02-2007 , 01:36 AM

#14

RickAstleyFan

banned

Join Date: Jun 2007 Posts: 1,947

I made a ton at Sportsbook.com when they were opening their poker room.

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