if i would play from Day1 , i wouldnt like it having new people joining the tournament just because they buy in with 5k

on the other hand, i would just skip day 1 and pay 5k for day 2.. seems a perfect deal, but i can really imagine that people get pissed of .. especially if you take one down who work his way up

at the end its very unfair

You guys are missing the key point here

EASIEST HENDON MOB FLAG EVER

paging Dominik Nitsche...

Skimmed the thread, this analysis looks pretty reasonable. Totally +EV here, you pay $17 to not have to play day one and get rid of a ton of variance, what's not to love?

I agree it is bad for tournaments. Anything that cuts down variance this much is going to reduce recreational players chances, and the weirdness of it will confuse many of them, neither of which really is good for the health of the game.

I think this could be balanced though, like make the buy in $6k or $7k for the same deal, and now there is some real benefit to the players who started out the tourney and some real downside for players exercising this option. Ideally this should be priced so that it pulls in degens and recreational players who don't mind paying extra to cut one day off the tournament but is not a no brainer for pros to take. If this is priced so that it is a bit of a fish move to use, then its ok IMO.

Exactly, I can't believe some you are okay with this. What's next? Another price to buy into day 3? A price to buy in to the final table? Let one seat open and let the rich players bid to get that seat

It's supposed to be a competition and reaching the money is one of the prize, why should some be able to pay to get ahead of others? Are we trying to market poker as a competition and therefore closer to sport? Or are we trying to market it as gambling?

I think the competition angle is important. Can you imagine if Tiger Woods could just pay to skip the first two rounds?

This is dangerous.

ur analogy is terrible n ur thinking is flawed.
all this is is a 5K MTT with a bunch of satellites leading up to it.

I don't mind the idea too much as an exhibition sort of tournament. Fish are attracted by the idea of playing with big name pros for a small investment, pro's are attracted by the idea of easily catching a WPT title to add to their resume. As a change in the way tournaments are played in general it's obviously a terrible idea, but as a one off thing I think it will be a big success.

A 5K where everybody starts with a different chip stack?

Clearly not analogous to a satellite. More strategy building up a bigger stack for day 2, whereas satellite is a binary move on or lose situation.

yes exactly that.

Why is this logical whatsoever? "If you think about it logically" a satellite is increasing the amount of lower stakes, lower-skilled players into a tournament. A satellite is a method of decreasing the player's hourly rate. The exact opposite of that, e.g. this, is potentially a method of increasing a player's hourly rate.

It seems plenty logical to me that people would not have an issue with...
- bad players playing tiny buy-in tournaments for long periods of time with low hourlies to get into a tournament and increase the average player-pool's ROI
yet have an issue with the exact opposite.

I think what RBK is referring to is that every player in the tournament brings about $5K with them to day 2 ($1.4M prize pool divided by 279 players = $5017). Clearly there are other issues worthy of discussion, but his basic premise holds up according to the numbers.

Clearly low stakes MTT players love these multi-day low buy-in high return tourneys. I like them. I want to play for $1M or more in every tournament I enter. If the buy-in is $160 so much the better! Look at the numbers this one drew. If it comes to pass that the final table is dominated by people that bought in for $5K then the regular Bike MTT grinders will bitch and moan about how unfair it was and they may even be correct. But, you can bet your last dollar that every one of them will be inline to buy right back into the next $1M $160 buy-in tourney, even if the structure remains the same.

this is exactly spot on.

but i eagrly await all the posts explaing to me the differences between a regular satellite and this event.

If I've got down to the final few tables of a larger event having only outlaid $160 and someone wants to all of a sudden contribute $5,000 to the prizepool by entering late receiving an average stack, I say let'em.

$5K is a lot to add to the prizepool for the people still remaining who only put out $160.

Looks like 5 of the 50 day 2 $5K entries advanced to Day 3.

No doubt plus EV for the tournament expert especially because its essentially a High stakes tournament with Low stakes players.

Actually, every player advancing to day 2 is contributing about the same $5K to the prize pool. They just "earned" their $5K contribution to the Day 2 prize pool with a $160 investment. Whereas direct entries into day 2 had to pay the full $5K to play.

If day 1 had been the scheduled end of tournament and had the payouts been structured so that the top 5% shared equally in the total prize pool each "winner" would have been paid about $5K.

To my Persian friend Mo I know you remember me, I'm the skinny Persian dude with nice hair, check out my pic on my page to jog your memory, I came in this thread and said your new scheme wasn't that bad on page one, but I didnt mention that I would never step foot on your property and I don't trust anything comeing out of that circus

I played in the Legends of Poker about this time last year, they had some promo where if you played like 6 specific events you got a freeroll into some sat for their Main

but then you had to jump thru hoops, then you had to stand on one leg as you jump thru hoops, then you had to shave your head and stick a needle under your toe and kick the wall, so after all that I never got my freeroll, but anyone who simply played 20 or 30 cash game hours got the freeroll

then I called Mo and told him how he's got false advertiseing, how I asked all their floor people and none of them gave me a straight answer, and none of them mentioned how I had to jump thru hoops, neither did you website, or your flyers, your structure sheets etc etc and that it was bad business

then Mo said if I got a problem just come talk to him, Mo I was on the phone with you talking to you then.....telling you what I thought......and I'll never step foot on your property again! Commerce gave a player appreciation promo, all you had to do was play one event and you got an entry into a rake free tournament with a 500 bounty on every table........so don't even compare your kniveing misleading, false advertiseing to your competitors

your freeroll was a giveaway for your cash game regs, not what it was advertised to be!

I also thought it was pathetic how on day 1 your getting on the mike all panic panic telling people to get their rebuys and addons....cause your scared your not gonna hit your guarantee....you can mention it once or twice.....you need to just chill ugha

If you want an example of a poker managment who understand how to do good business....look at the Aria

on a good note they keep their players and their dealers fed at the bike, but you should require the dealers to carry gum or brush their teeth cause some of them smelled like they ate a dead rat

keepin it real with you! a good business man knows how to listen to his clients

Played 10 bullets in this (qualified for Day 2 on the 8th bullet) and finished 25th.

Not a big fan of this, kills the value for tournament regulars who are willing to grind 50+ hours to make Day 2 and totally destroys the equity for recreational players. The Bike made an extra $15,000 in rake without doing much, so my guess is it won't be going away.

Has anyone has a chance to analyse the 2014 tourney that starts tomorrow?

Not that it's super important, but is anyone going to mention that about a third of the day 1's were $550 entries. They even had a $550 satellite for a $5300 seat to day 2. Also they had a $100 add on for the $160's. It's a total cash grab, but it's also a large field tourney that's drawing all types of people, at all levels. I played the $550 thinking that made up the majority of the buy-ins. Happy to see all the $160 players. EV seems neutral enough at all levels, don't really care. Almost with i'd have just qualified at $160 ($260).

Have any other casinos jump on this new idea, or is The Bike still the only place doing this?

Agreed, the amateurs obv don't mind playing even with the 5k option as the numbers of these Mega Millions is still HUGE and the guarantees always get crushed.

If you can find a way to buy in for 5k, then you have my blessing.

Dusk till dawn in the uk jus started a similar type thing, they call it the big game

Online day 1, £33 , 15k chips, 12 min levels
Live day 1. £110, 50k ,30min
Live day 2, £330, 150k, 30min

Day 2 plays to a finish
Online qualifiers can play a diff day 2 if they can't make that weekends day2

I think it's cool idea tbh

If u late reg at last min poss on day 2 u still have 50bb
Lots ppl don't have 2-3 days spare to play a comp and can afford £330 to buy in with avg stack. £50k gtd is nice size weekly comp and next few weeks I'm def gonna give the online days a shot. For me it's like an hours drive. It jus works for me in theory see over next few weeks how it goes for them I hope I gets going tbh

Let me buy in once someone gets knocked out heads up.

Buyin will be first place prize.
Winner will get 2x, loser will get nothing!