seneca daily tournaments question

m_dolens

anyone here go to the seneca casino to play their regular daily tournaments there? more specifically the following one:

Sunday @ 6pm (NO-LIMIT TEXAS HOLD-EM)
Deep Stack
$80 + $20 Buy-In = $3500 Tournament Chips
$10 (1) Dealer Bonus Buy = $500 Tournament Chips (first round only)
20 Minute Rounds
TEXAS HOLD-EM TOURNAMENT BLINDS:
1 25-25, 2 25-50, 3 50-100, 4 75-150, 5 100-200, 6 150-300, 7 200-400, 8 300-600, 9 400-800, 10 500-1000, 11 1000-2000, 12 1500-3000, 13 2000-4000, 14 3000-6000, 15 4000-8000, 16 5000-10000
Blinds will continue to double every fifteen minutes until tournament is completed.

are the fees too high or is that standard for casino tournaments? skill level works out to 4 (up to 5 if i count the $500 extra add-on). also, how's the competition out there? just wondering if it's worth the trip out every once in a while. any opinions?

BlondeFish

m_dolens wrote: »

anyone here go to the seneca casino to play their regular daily tournaments there?
any opinions?

Have no fear, the forum's tournament analyst is here. The U$10 "Dealer Bonus Buy" does not go to prize pool, so the rake is an unbeatable 27% ($30 / $110). To see how unbeatable that kind of rake is, let's assume 100 players play that tournament 100 times. It will cost you $11,000 in buy-ins, of which Seneca will take away a whopping $3,000. Excluding the 30% withholding tax, you will have to be one of the best tournament players and make it to the money almost 45% of the time (~$250 for 9th place), or you have to win 1st place (~$2650) four times more than average in order to make money.

By the way, that so-called "Deep Stack" tournament uses a faster blind schedule with antes, so the Skill Level is less than 5. The Friday 1 AM tournament has a rake of 31%! To summarize, Seneca Niagara's daily tournaments are great for the dealers & casino, but unwinnable in the long run for players because of the huge rake. I would love to work there as a dealer since I would get paid up to 15% of the players' buy-ins instead of the standard 2%-4% gratuities.

Seneca's special tournaments such as the Winter Challenge starting on January 9 and $400+10 WSOP super satellite are a great value to play in. I would say that the tournament players at Seneca and Casino Brantford are similar, i.e., decent but beatable. In other words, it's worth the trip to the Seneca poker room for the raked cash games, special tournaments & satellites, but avoid the daily tournaments and SNGs.

m_dolens

thanks a lot blondefish. i kind of had a feeling that the rake was just a little too much.

DrTyore

Let's not forget the anally rape you if you're non american don't they?

Mark

coolblue24

DrTyore wrote: »

Let's not forget the anally rape you if you're non american don't they?

Mark

Yes, but during this time of year, they do break out the vasoline. Gives it a more "festive" feeling.

Redington

coolblue24 wrote: »

Yes, but during this time of year, they do break out the vasoline. Gives it a more "festive" feeling.

potd...

SMOMKB