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PARX Casino - "Big Stax" poker series - Feb 6th-18th PARX Casino - "Big Stax" poker series - Feb 6th-18th

02-09-2013 , 09:26 AM
Matt - just checked the parx poker blog and I'm very happy with the 1,300+ runners for the 1st event! Please please please make these series a seasonal gig at Parx, such that we can play in these amazing structures every season!
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 09:44 AM
Quote:
Originally Posted by PokerOrNot
Matt - just checked the parx poker blog and I'm very happy with the 1,300+ runners for the 1st event! Please please please make these series a seasonal gig at Parx, such that we can play in these amazing structures every season!
+1
I barely ever play live, but structures like this motivate me to come out.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 09:44 AM
Are the Payouts posted anywhere yet?
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 11:42 AM
Amazing turnout for this event Matt, I played yesterday and I have to say I was impressed. from my perspective it was run perfectly. Im quite sure that you all must be happy with the overall #'s.

Is there any reason not to hold one of these events quarterly, spring,summer,fall and winter ?? Personally I would play this tournament once a month, but I am sure that wouldnt be something the casino would consider doing.

Hope the rest of the series goes great, and thank you for your efforts to make this the premier room on the east coast. I am proud to call Parx my home casino.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 11:45 AM
Quote:
Originally Posted by Katman
Are the Payouts posted anywhere yet?
Here are the payouts:

http://parxpokerblog.com/about/parx-...ax-300-payouts

For having over 400k in buyins, I thought 1st would've been more than $73k.

Parx Big Stax 300 (Payouts)


Parx Big Stax 300 ($300 + 30 NL Hold’em Re-Entry) $150,000 Guarantee

Total Entries: 1,361

Total Buy-In: $408,300

Players Remaining: 231

Payouts:
1.$73,161
2.$51,289
3.$33,070
4.$24,436
5.$18,298
6.$14,773
7.$12,238
8.$9,743
9.$7,327

10-12. $5,386

13-15. $4,357

16-18. $3,762

19-21. $3,287

22-24. $2,931

25-27. $2,574

28-36. $2,257

37-45. $1,941

46-54. $1,663

55-64. $1,386

64-72. $1,188

73.81. $990
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 11:53 AM
where are the seating assignments? didn't see a kevmath tweet or post about it yet and it's only an hour away

EDIT: http://parxpokerblog.com/about/parx-...-2-table-draw/

Last edited by isuxatpokerbad; 02-09-2013 at 11:54 AM. Reason: LOL JK next time i'll look on the blog first.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 12:06 PM
Quote:
Originally Posted by pcolacci
Here are the payouts:

http://parxpokerblog.com/about/parx-...ax-300-payouts

For having over 400k in buyins, I thought 1st would've been more than $73k.

Parx Big Stax 300 (Payouts)


Parx Big Stax 300 ($300 + 30 NL Hold’em Re-Entry) $150,000 Guarantee

Total Entries: 1,361

Total Buy-In: $408,300

Players Remaining: 231

Payouts:
1.$73,161
2.$51,289
3.$33,070
4.$24,436
5.$18,298
6.$14,773
7.$12,238
8.$9,743
9.$7,327

10-12. $5,386

13-15. $4,357

16-18. $3,762

19-21. $3,287

22-24. $2,931

25-27. $2,574

28-36. $2,257

37-45. $1,941

46-54. $1,663

55-64. $1,386

64-72. $1,188

73.81. $990

Paying less than 6% of the field! Thought this was suppose to be for the casual player.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 12:30 PM
Yeah, whats up with that?
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 12:41 PM
Quote:
Originally Posted by Katman
Paying less than 6% of the field! Thought this was suppose to be for the casual player.
I was told by Matt that its because when they registered the payout structures with PA they never planned to have more than 800 players so there wasn't a structure beyond 81 places they could legally use. I personally like it better this way.

I also wanted to say I the priviledge of being at Matt's table for most of the evening and he's a great guy. Job well done to him and the entire parx staff for running an awesome event. I will certainly be back for more.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 12:42 PM
First place payout is 18.47% which is super standard for an event with 1000+ players. If anyone thinks differently please let me know.

As for only paying 81 players: Poor planning on my part. When seeking approval from the state just two months ago I had never envisioned getting the tremendous response and support from the players as we did. I never dreamed of getting 1300+ entrants. I put together the payout schedule based on a maximum field of 800 players. That is why we can only pay out 81 players. Industry standard is to pay out 10% of the field which is what I intended. I am unable to deviate for this series but I will be sure to correct it for future events.

One thing is for sure. We will learn from our mistakes and improve every series. Hope to be back in May with Big Stax II. Expect better!
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 01:43 PM
I may echo what last few posters said, but I was able to play all day Thursday , and the staff formats and structure all made for a great time. Everything was very player friendly which is nice for a change in poker. I also got to play with Little Man at one of his tables, we also played with couple kids who are having great success, very fun. Got some blog time.
Thanks to the dealers, they were able to answer questions about the events for all, lot of different questions with the formats and structures. They also kept it moving, was seeing many more hands an hour vs this level in Atlantic City. Sometimes in the Event Center playing with trainee dealers and people who cant shuffle the cards even 20 times an hour. There was none of that, the dealers have embraced the series, makes recreational players get more value.
Unfortuantely not playing today, but return tomorrow, another couple Main Events for me to donate to......thanks to my idol..lol..the architect
Bob
@eebob2072
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 01:52 PM
Quote:
Originally Posted by Matt Glantz
First place payout is 18.47% which is super standard for an event with 1000+ players. If anyone thinks differently please let me know.

As for only paying 81 players: Poor planning on my part. When seeking approval from the state just two months ago I had never envisioned getting the tremendous response and support from the players as we did. I never dreamed of getting 1300+ entrants. I put together the payout schedule based on a maximum field of 800 players. That is why we can only pay out 81 players. Industry standard is to pay out 10% of the field which is what I intended. I am unable to deviate for this series but I will be sure to correct it for future events.

One thing is for sure. We will learn from our mistakes and improve every series. Hope to be back in May with Big Stax II. Expect better!

Thanks for that answer.....I assume that means you are paying 10% for the 500 and the main....
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 02:12 PM
Quote:
Originally Posted by Katman
Thanks for that answer.....I assume that means you are paying 10% for the 500 and the main....


Yes, assuming we don't get over 800 for either.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 03:47 PM
Just an FYI, until further notice, Matt's unable to post in the thread.

I'll let others elaborate.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 04:36 PM
Quote:
Originally Posted by Kevmath
Just an FYI, until further notice, Matt's unable to post in the thread.

I'll let others elaborate.
Assuming it's because he's not a paid rep on here?
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 08:20 PM
This was the quote from Matt Glantz regarding the seiries on his blog:

"Friends, I would appreciate your support in my effort to start growing the game of poker again. One of the very basic ways we can achieve this is to support regional poker tournaments that bring in the casual players."

The decision to only pay the top 6% was a huge fail for attracting the casual player. I have played 500+ live tournaments at at least 14 different places and they have all paid 9-10% unless advertised otherwise.

I was there early today and another player was asking Matt why it was like that and he said that so many people had multiple entries that they wanted the minimum prize to be higher.

I just don't get that logic. If people want to rebuy that is on them and should have nothing to do with the payout structure.

Finishing in the top 7-8% after 16 hours of play should get the player something. I think the state of PA needs to get involved and start having casinos list percent of players paid before the tournament begins. Then again I don't think any other casino would make such a decision.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 08:44 PM
Quote:
Originally Posted by jriiikk
This was the quote from Matt Glantz regarding the seiries on his blog:

"Friends, I would appreciate your support in my effort to start growing the game of poker again. One of the very basic ways we can achieve this is to support regional poker tournaments that bring in the casual players."

The decision to only pay the top 6% was a huge fail for attracting the casual player. I have played 500+ live tournaments at at least 14 different places and they have all paid 9-10% unless advertised otherwise.

I was there early today and another player was asking Matt why it was like that and he said that so many people had multiple entries that they wanted the minimum prize to be higher.

I just don't get that logic. If people want to rebuy that is on them and should have nothing to do with the payout structure.

Finishing in the top 7-8% after 16 hours of play should get the player something. I think the state of PA needs to get involved and start having casinos list percent of players paid before the tournament begins. Then again I don't think any other casino would make such a decision.
Read post # 210 from Matt, that will explain why it was not the standard 10%

Sent from my DROID RAZR using 2+2 Forums
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 09:23 PM
Quote:
Originally Posted by RDonovan
Read post # 210 from Matt, that will explain why it was not the standard 10%

Sent from my DROID RAZR using 2+2 Forums

It is far from a complete explanation. I would like to know exactly the rules that prevented them from not being able to pay a normal payout. If my complaint lies with the PA gaming agency then I will contact them.

I can't imagine why the anticipated number of players would have anything to do with it. How could anyone expect to guess how many people will show up to an event and why would it have never been an issue at any other PA casino EVER?

Matt states that "it was poor planning on my part" Maybe a pro should stick to playing and not running tournaments especially if there are so many regulations from the state to deal with. It is so unusual that it makes my mind wonder if there were other motives. Probably not but further explanation is needed from Parx to clarify exactly how "poor planning" prevents normal.

If it was advertised that it was only paying 6% I as a casual player would have said WOW that is a tough tough payout and I think I will just save my casual poker money for a regular tournament. There is nothing wrong with the payout structure as many people like it. I just do not understand why we were not told. Something stinks.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 10:15 PM
Maybe a pro shouldn't try to do anything to help bring people to a card room. He admitted that he didn't expect so many players, now he'll adapt for the next series.

EDIT: I will add that it would be a good idea to include in the structure sheet that 10% or whatever Parx decides should be paid for tournaments in a way to avoid further confusion.

I would be curious to know how many players bought into the event.

Last edited by Kevmath; 02-09-2013 at 10:23 PM.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 10:23 PM
Quote:
Originally Posted by Kevmath
Just an FYI, until further notice, Matt's unable to post in the thread.

I'll let others elaborate.
Perhaps there was a bit of a misunderstanding here - that was somewhat premature, as it was still being discussed with Matt.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 10:33 PM
Quote:
Originally Posted by Kevmath
Just an FYI, until further notice, Matt's unable to post in the thread.

I'll let others elaborate.
Umm, nothing to see here, move along?
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 10:37 PM
What % of the field will the main event and 550 gtd be paying??????? Please respond asap, will not be coming if its 6%
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-09-2013 , 10:38 PM
Quote:
Originally Posted by walkmyline
What % of the field will the main event and 550 gtd be paying??????? Please respond asap, will not be coming if its 6%
he said 10% if its not more then 800 people

Sent from my SCH-I510 using 2+2 Forums
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-10-2013 , 01:24 AM
Quote:
Originally Posted by Kevmath
Maybe a pro shouldn't try to do anything to help bring people to a card room. He admitted that he didn't expect so many players, now he'll adapt for the next series.

EDIT: I will add that it would be a good idea to include in the structure sheet that 10% or whatever Parx decides should be paid for tournaments in a way to avoid further confusion.

I would be curious to know how many players bought into the event.

707 unique players - 654 re-entries

The payout sheet was available with all the structure sheets in a rack as you walk in the poker room for the last week or so. This is a copy of the payout sheet and as you can see the intention was to pay out around 10%. I never had any intention for us to pay out 6%.

https://docs.google.com/spreadsheet/...mc&usp=sharing

As I have previously stated I just never imagined the turnout of 1361 entrants. My fault. I will not make the same mistake twice.
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote
02-10-2013 , 01:25 AM
Quote:
Originally Posted by walkmyline
What % of the field will the main event and 550 gtd be paying??????? Please respond asap, will not be coming if its 6%
https://docs.google.com/spreadsheet/...mc&usp=sharing
PARX Casino - "Big Stax" poker series - Feb 6th-18th Quote

      
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