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Biggest overlay in poker history looming. Is this the end of huge guarantee poker tournaments?

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08-30-2014 , 03:14 PM

#26

Milf_Equity

grinder

Join Date: Jun 2012 Posts: 693

The hard rock event failing to reach the 10M guarantee reminds of the Partouche Incident when Partouche had to put +1M euros from their own pocket. And we all now what happened to Partouche ( their poker branch went broke).

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08-30-2014 , 03:29 PM

#27

kk405

Pooh-Bah

Join Date: Dec 2007 Posts: 5,444

Quote:

Originally Posted by PokerXanadu

bad scheduling & bad marketing ≠ "end of huge guarantee poker tournaments"

This... also, they will change their scheduling next year and be more careful about looking at calendars for conflicts, which means guarantees will live on...

/eot

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08-30-2014 , 03:33 PM

#28

watevs

Pooh-Bah

Join Date: Feb 2007 Posts: 4,170

There's not going to be another 10M guaranteed SHRPO any time soon with 2 million in overlay, that's for sure

Quote

08-30-2014 , 03:33 PM

#29

watevs

Pooh-Bah

Join Date: Feb 2007 Posts: 4,170

Quote:

Originally Posted by kk405

This... also, they will change their scheduling next year and be more careful about looking at calendars for conflicts, which means guarantees will live on...

/eot

They failed on that this year

Do you work for them? How do you know this will happen?

Allen has a good point here and a lot of your are being annoyingly obtuse

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08-30-2014 , 03:48 PM

#30

Fritzy

Pooh-Bah

Join Date: Dec 2009 Posts: 3,495

Quote:

Originally Posted by Milf_Equity

Huh? The owner tried to not pay the guarantee and made a speech saying he was offended for getting called a liar and that he was cancelling the event because of it. Then their legal team realised they were screwed and put the money back in.

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08-30-2014 , 03:51 PM

#31

watevs

Pooh-Bah

Join Date: Feb 2007 Posts: 4,170

And now there is no more Partouche Poker Tour. Get it?

Quote

08-30-2014 , 03:55 PM

#32

Fritzy

Pooh-Bah

Join Date: Dec 2009 Posts: 3,495

Yeah, I got it, I wouldn't have commented if he left it at "we all know what happened to Partouche" but going broke was not an accurate description when the owner was crazy and rage quit.

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08-30-2014 , 04:06 PM

#33

watevs

Pooh-Bah

Join Date: Feb 2007 Posts: 4,170

I doubt he rage quits if his latest tournament didn't make him go 700k into his pocket. His reaction was a bit different than we are used to (emotional rant on the microphone in front of customers) but the end result is going to be the same with venues like the SHRPO. We lost 2 million? Get rid of it

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08-30-2014 , 04:19 PM

#34

Fritzy

Pooh-Bah

Join Date: Dec 2009 Posts: 3,495

I was disputing the relevance of bringing up Partouche, I'm not sure what you're disagreeing with me about, obviously I also think it's very likely this (identical) event won't exist next year.

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08-30-2014 , 04:21 PM

#35

watevs

Pooh-Bah

Join Date: Feb 2007 Posts: 4,170

Really? I think its very relevant. It seems to me that the overlay is the only reason the owner quit. He had a rather emotional reaction but at the end of the day, I doubt it was the "besmirched" family name that led to the tour's cancellation. At the end of the day, I think the Partouche tour was cancelled due to a lack or perceived lack of profitability

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08-30-2014 , 04:22 PM

#36

BartHanson

adept

Join Date: Feb 2005 Posts: 820

At SHRPO through Day B they had 777 entrants and now it looks like close to 600 for Day C. So its looking like at least a 2.5 million dollar overlay. Again, what stops them from not making good on this? Am I just being overly pessimistic here? It is my understanding that in these tournaments a guarantee means nothing legally.

I heard from someone living down here that the Seminole Hard Rock had gone back on smaller guarantees in the past--something to do with allowing players to unregister after registering and calling that reason to remove the guarantee? Maybe someone can shed some light on this.

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08-30-2014 , 04:29 PM

#37

The4thFilm

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 13,472

Quote:

Originally Posted by doublejoker

The bike had a $4 million "guarantee" with the new quantum reload feature. They stuck the word est. Next to the $4 million and fell short by almost $2million.

How can a self respecting gaming commission allow such shenanigans?

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08-30-2014 , 04:59 PM

#38

my_couch_pulls_out

journeyman

Join Date: Apr 2014 Posts: 335

Quote:

Originally Posted by AllBlackDan

Half the players entering are degens who will make up for the shortfall by dumping in the pits after being koed

this

Last edited by my_couch_pulls_out; 08-30-2014 at 05:05 PM.

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08-30-2014 , 05:30 PM

#39

Fritzy

Pooh-Bah

Join Date: Dec 2009 Posts: 3,495

Oops I typo'd, I meant I wasn't disputing relevance of mentioning it. I was just pointing out the inaccurate statement about them going broke.

Quote

08-30-2014 , 05:42 PM

#40

2005

Triple Crown

Join Date: Sep 2002 Posts: 2,960

Quote:

Originally Posted by The4thFilm

How can a self respecting gaming commission allow such shenanigans?

There is nothing to see here. It clearly states in the advertising that the 4 million is an estimated prize pool. Only a complete maroon would see it as 4 mil guaranteed.

Quote

08-30-2014 , 05:54 PM

#41

JHair

Bagel Man

Join Date: Dec 2008 Posts: 4,407

they did this to prevent blair hinkle from winning them all at once.

Quote

08-30-2014 , 06:46 PM

#42

Milf_Equity

grinder

Join Date: Jun 2012 Posts: 693

Quote:

Originally Posted by Fritzy

Yes i know. I was there.

Following the end of the tournament they announced the cancellation of their poker tour. A Few months later they closed their online poker room and ceased every poker-related activity ( they shut down the last poker rooms that were still running in their casinos ).

Quote

08-30-2014 , 06:50 PM

#43

Milf_Equity

grinder

Join Date: Jun 2012 Posts: 693

Quote:

Originally Posted by Fritzy

Oops I typo'd, I meant I wasn't disputing relevance of mentioning it. I was just pointing out the inaccurate statement about them going broke.

I should have phrased it better but my english is pretty meeeh and i didn't think it twice before posting. But yeah, " going broke " wasn't the right way to put it.

Quote

08-30-2014 , 08:30 PM

#44

SrslySirius

Animated Character

Join Date: Jun 2010 Posts: 4,364

Quote:

Originally Posted by 2005

There is nothing to see here. It clearly states in the advertising that the 4 million is an estimated prize pool..

Quote

08-30-2014 , 09:04 PM

#45

sabrejack

centurion

Join Date: Jul 2011 Posts: 198

Quote:

Originally Posted by SrslySirius

Classic and extra points for workin' in Ms. "I-Can't-Fold-Dis"

Quote

08-30-2014 , 09:13 PM

#46

Kevmath

Carpal \'Tunnel

Join Date: Oct 2002 Posts: 28,242

Last year, the EPT Barcelona ME was held after the SHRPO which is just as likely a reason why they missed by $2.505m this year.

The Seminoles have a $1m GTD ME for Coconut Creek, Hollywood has a $2m GTD event in November and likely another huge guarantee likely for Lucky Hearts in February. Will be intriguing to see if those numbers change.

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08-30-2014 , 09:37 PM

#47

unta8

veteran

Join Date: Jun 2011 Posts: 2,209

Quote:

Originally Posted by SrslySirius

you win 2+2 for the day

Quote

08-30-2014 , 10:09 PM

#48

Kevmath

Carpal \'Tunnel

Join Date: Oct 2002 Posts: 28,242

1,499 entrants, paying out 300 spots:

http://seminolehardrockpokeropen.com...nship-payouts/

Quote

08-30-2014 , 10:24 PM

#49

SrslySirius

Animated Character

Join Date: Jun 2010 Posts: 4,364

Wow. $2,500,000 overlay. Looks like they're going to honor it too.

And to think, just a few months ago I was here asking if the $250k overlay in the Sunday Warmup was the biggest overlay ever. Someone pointed out that the ISPT disaster takes the cake, with a 580k Euro overlay.

Way to raise the bar!

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08-30-2014 , 10:47 PM

#50

PeteBlow

Carpal \'Tunnel

Join Date: May 2012 Posts: 15,036

Someone's getting fired....

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