Quote:
Originally Posted by Bawsten
If theyre so against winning players, what if someone wins one of the tourneys for 20-50k do they get banned? Does anyone even win these tourneys then if they dont want winners in the diamond union?
I've cashed in around a dozen in the last few weeks, highest being in the top 15 for around 3k in the 250 buyin, 100k gtd. That prize pool gets up to 300k+ and I wanna say it was around 60k up top. Even the nightly 35 buyin regularly gets up to 250k with almost 40k up top which kinda blows my mind.
I'd like to hear from some real big winners too. Of course how would we know if they're truthful, and honestly I probably wouldn't put it out there if I won 40-60k, unless I didn't get paid. Even then, as ashamed as I am to say it, it would probably be some time before I came out with that, still holding onto the chance of getting paid. I would think that if people weren't getting paid, someone would've been vocal about it. These things are running daily with several big ones on the weekends.
Quote:
Originally Posted by TimStone
this is wrong info because there are already more than just 2 unions but most people won't have access to those extra unions. I know of at least 2 other decent sized unions and also some indepedant clubs. There will be more going forward.
Overall alot of people don't really understand the system because it's difficult.
Clubs are at the mercy of the unions. While panamericana so far is fairly laid back Diamond union hates big winners and they will do whatever it takes to protect their games. This goes from banning winning players (so far very rare) over restricting stakes of a club (can only offer games up to 200NL for instance even though there is traffic up to 5 10) to outright banning clubs from the union.
This seem to have happend to UTG because UTG had a very bad win/loss vs rake ratio for a while now. Only because a club is banned and your funds aren't there anymore doesn't mean you got scammed. If you work with reasonable agents you will just get your money back but cant play in this club anymore.
For instance when they banned UTG club they will send back all balances to the agent and then it's the agents responsibilty to bookkeep and pay back players accordingly and potentially look for a replacement club to continue in this union.
Even though Diamond is very hard to maintain I haven't heard of a single scam yet where a player actually lost his deposits so at least the 2 big unions seem to be very reliable moneywise for now. Nevertheless not only unions or clubs can scam, agents can do so too so you should always make sure to vet people you are going to work with cautiously before you send them any money
Right, there are definitely more than two unions. You've obviously got way more knowledge on this than me. But there's a Unions tab on every global MTT that shows the ones involved. Is this confirmed about UTG shutting down or leaving Diamond? I'm in UTG and was just looking at Diamond tables and MTTs running. Maybe it'll happen tomorrow? Idk. We may be hearing the remnants of a game of telephone. That club is level 16 which holds up to 5k players, right? Idk how big the Diamond union is but I would think dropping a club that size would put a huge dent in the pool.
When you talk about clubs being at the mercy of the union, who is the union exactly? Who's making those decisions? The biggest clubs? How many clubs with 5k players are out there on pokerbros?
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Originally Posted by TonyBony824
Yes in layman's terms this means cash game players paying rake are way more valueable of course than mtt players... who pay much less on average than a cash game player paying 5k a month in games..
Somebody was telling me that some clubs did the rake 70/30?
Winners of pot get 30
Losers get 70 percent
Is this true? For example since Under the Gun Club just left Hal on Palm Beach and not even sure how the do the rake.
Also does the asian import thing from drivehud keep track of all hands so can know for sure how much rake paid and what i'm getting back ? etc
I think they're still making a killing on rake. The $35 runs every night and I've almost always seen it break $200k and $250k the last few weeks. At 250k, that almost 8k buyins, at 3.50 a pop for a total just shy of 30k. Idk how much it costs to run that in diamonds. But all they have to do is set it up once and watch the chips roll in. Most of those players are playing cash tables at the same time.