Sketchy GTD? Thoughts?

jontm

This was recently brought up and I'm curious what community thinks:

http://www.casinoabs.com/wp-content/uploads/2013/01/10th-Annual-Poker-Championship-Poster1.jpg

It says $400,000 Guarantee all nice and prominent, then has some terms of needing 600 players for GTD to be in effect.

This used to say estimated based on 600 players for past events. Deerfoot put a gtd on their first event this week so obviously a little competition between Alberta venues with over lapping dates.

What do players think? Is this sketchy?

I know how an overlay would work on an event, bug how do you cover on a series?

GTA Poker

Live gtds are the same everywhere...they lowered a wsopc gtd the day of the event from 125K to 75k

Milo

Did you get 40% of the buy-in back?

GTA Poker

No, they donated it to J.O.E.

jontm

GTA Poker;346562 wroteNo, they donated it to J.O.E.

Over my head...please explain?

Wetts1012

GTA Poker;346562 wroteNo, they donated it to J.O.E.

GTA Poker

jontm;346563 wroteOver my head...please explain?

Joe mama son

Edit: #ohsnap

T8urmoney

I saw that poster.........didn't actually think anything of it.....kinda knew they're not going to put a g'tee on it.

But that is completely misleading to a random fish (ie. GTA/Wetts, etc)

windbreaker

I would lean towards misleading:

- terminology is vague, they can easily retract the guarantee and say not every event had 600 players....or that it wasn't 600 unique participants, no clear criteria

- it's impossible to have such a guarantee on a tournament series. If 600 participants criteria is met, but the prize pool is less than the $400k, how exactly are you going to divide the overlay? Should they divide the money by each tourney? How are you going to pay all the players that cashed event one and left town?