Quote:
Originally Posted by p2 dog, p2
re entry is kind of funny, i dont mind it at all. However, I wondered what would happen if we were itm and reentry was still opened, happened last night. the mtt paid 4 and we are down to 4 and there are still dudes buying in. i mean they were buying in for like 2bb. anyway, worked out real well for one dude who happens to buy in when there is like a 3 way AI. i busted for 4th unfortunately, got paid. but the guy that bough in for one entry was guaranteed 3rd place money; with the timing of his buyin. he watched two ppl bust and he was 3 handed lol. he was guaranteed to cash for 3rd for like 4.5 total buyins. i thought it was hysterical
Late registration into the money bubble is a joke and not a real poker tournament. If you are trying to attract recreational players, these player who do not know any better to not buy in for 2 or 3 big blinds will go broke quicker than anyone.
Why does this have to be so hard? Run cash games and tournaments the way they have always been run. Surely if a brick and motor casino can turn a profit with all the overhead, online poker can also.
Collect enough rake minus expenses to make a decent living. Stop with paying all the endorsements (to some sites), stop with gimmicks and lets just play poker.
Why do these poker sites always tinker and mess up with what could be a very easy formula?
I will give someone smarter and wealthier than me a million dollar idea. A player owned non profit poker website. Take your disclosed salary, pay the support staff salaries and that is it.
10% minus expenses is not a high profit margin but I would gladly take it especially if the volume is high.