In case anyone is still serious about going to Seneca, be sure to read its fine print first. Even at maximum zoom, the fuzzy fine print is very difficult for me to read, but I think part of it states that another extra "
5% will be withheld for tournament staff!" :bs: While I personally disagree with players who don't tip a single ยข after a tournament profit, Seneca is too polarized on the other end by screwing all players with that high of a mandatory extra fee and hiding it in virtually unreadable fine print. Anybody that plays at Seneca should complain to the native gaming commission to make sure that this slimy practice does not continue.
Seneca's UNLIMITED re-entry format for the first four levels of ALL tournaments/satellites is horrible for casual players. You are paying the full high rake multiple times including the hidden extra fees! Tournament sharks with a high bankroll can re-enter unlimited times after you bust them and eliminate your one bullet with their unlimited bullets.
This makes the $200 tournaments have a total rake of
19% ($161.5 + 8.5 + 30), which is almost unbeatable especially with the 30% tax. Just to compare, the $220+$10 Deep Stack that I cashed in had a rake of only
4% and a very high PF of 37, & I got to keep 100% of my winnings.
Seneca's $300 tournament will have a rake of
16% ($251.75 + 13.25 + 35). Just to compare, the sold-out
$285+$15 that I won at Casino Rama had a rake of only
5% and there was zero withholding or extra fees.
Even the $600 tourney has too high of a rake at
13% ($222.5 + 27.5 + 50). To compare, the sold-out $500+$50 Deep Stack had a rake of only
9% with no slimy hidden fees.
These are the kind of EV-maximizing decisions that helped me go from a :fish: poker newbie on the forum learning from much more experienced posters to a winning :fish:. But I have come to realize that some players don't really care that much about profiting, EV, ROI, rake, etc. and just wanna gamble, so GOOD LUCK!
AAAsWILD;356677 wroteFully agree with your assessment BF...