Quote:
Originally Posted by RollWave
you can't extrapolate a $25 rake on a $100 tourney to assume that their $500+ events will all have high percentage rakes also.
$25 on a $100 is pretty typical. You'll see the same thing at any daily tournament. $60+$20 for a Bally's 4pm daily tourney, sort of thing. They just can't run them any cheaper than about $20 or $25 per person, even if that means the percentages are high.
But once the overall price goes up, the rake doesn't scale up equally, so the percentage keeps getting better the higher the buyin.
Yes I absolutely understand this, but they are effectively taking at least 25% $50/ $200 rake, because the add on is for all intents and purposes required if you make it that far in (30k buy in, 60k add on). Not to mention the raked REBUYS (not reentry), where the busted out player simply hands a $100 to the dealer for a new stack and is raked away another $25. Through 4/6 flights they got 410 entries, 370 rebuys, 228 add ons which is $100,800 paid in by 410 players for a $74,466 ie. $245.85 per player for a prizepool of only $181.24 per player.
Another reason I don't mind rake so much at most smaller buy in places in Las Vegas is that the poker rooms are actually NICE and enjoyable ie. TVs, nice seats, tables, drinks, etc. Most also have good social media and some sort of winner merch (ie. small trophy and your picture taken) which sounds small but means a lot to me as a rech.
Quote:
Originally Posted by DoubleB
Where is the tournament area at MGM - expanded poker room area or convention hall?
The MGM poker "room" is the worst I've come across in Las Vegas. They just fenced off a spot in the middle of the casino (I guess somewhat in front of the standard poker room) with flimsy tables and chairs in what seems like the darkest, smelliest, and loudest part of the casino they could find.