Has any one played the Saturday Seneca Deep Stack Tournamnet?

BigChrisElBigChrisEl
in Brick & Mortar Casino Talk
SATURDAYS @ 10AMDEEP STACK TOURNAMENT
  • $100 + $20 Buy-In = $4,500 Tournament Chips
  • $10 (1) Dealer Bonus Buy = $500 Tournament Chips (first round only)
Skill level 3 Patience Factor 5.5

If so how was it?

Comments

  • VoodooVoodoo
    Bump..

    Thinking of making the drive there tomorrow, has anyone played the Saturday tourney?
  • BigChrisElBigChrisEl
    Voodoo wrote: »
    Bump..

    Thinking of making the drive there tomorrow, has anyone played the Saturday tourney?

    If you play it let me know as I would be interested in hearing what you thought.

    I may try and play it next month
  • VoodooVoodoo
    Slept in.. will give it a go this Saturday if they are running it.
  • BlondeFishBlondeFish
    My friend, who has cashed in a couple of Seneca tournaments last year, played in both so-called "deep stack" tournaments this weekend. Being the winning Seneca shark that he is, he made it to the money both times! "cheers: The Saturday tournament had 74 players, 15-minute rounds and lasted around 5 hours (including breaks).

    The Sunday tournament had 60 players, 20-minute rounds. It took only four hours (including breaks) to get heads-up then he agreed to a deal. I later mentioned to him about structuring the deal in order to minimize the withholding and maximize his take-home cash, and he agreed that he will try it next time. Instead, Seneca withheld the full 30% on much more than the official second place prize. :'(

    The problems with these NON-deep stack tournaments are the hard-to-beat rake/fees of at least 23%-27% plus the 30% withholding. Except for all_aces and a couple of my friends who have a big enough edge in Seneca tournaments and have enough US winnings to bother with the refund process, playing in any of the Seneca daily tournaments is a bad value for Canadians. I would much rather spend my tournament bankroll at the home games of esool, The_Game, WSOP leagues, or the few clubs that have tournaments with a high Patience Factor. For those that can't stand the absence of decent tournaments in Ontario casinos and want to play a Seneca -EV tournament, then the Saturday 4500-chip tournament is the least evil of their daily tournaments.
  • GTA PokerGTA Poker
    Why would anyone played a US tourney where they withhold winnings? Players on here nitpick over a 0.1bb play but yet will enter a mtt where their earnings are getting raped.
  • ElElliottElElliott
    Not sure what tourney your friend played on Sunday - but the deepstack tourney on Sunday had over 150 entrants.
  • Davis08Davis08
    would be sweet to play
  • BlondeFishBlondeFish
    BigChrisEl was inquiring about the daily tournaments which Seneca misleadingly calls "Deep Stack." Aside from the Saturday 10 AM tournament, there is another tournament on Sundays at 6 PM where you get 4,000 chips and a whopping $30 out of your $110 buy-in does not go to the prize pool.

    You are referring to the excellent "Tip-Off Tournament" on Sunday 2 PM, which I posted about in other threads. After I stayed way too late at esool's side game and woke up too late for a WSOP league consolation finals game in Brampton on Sunday morning, I should have gone to Seneca's Skill Level 6 tournament but my brain wasn't working. :-[

    Seneca has one more decent tournament day on Thursday, March 27. The WSOP Satellite will start at 7 PM, with a 1-in-40 chance of a WSOP Main Event prize package and only a $10 or 2.4% rake. :smilie: The Shoot-Out tournament starts at 10 AM and 1 PM, draw prizes start at 3 PM, then there is a free buffet at 6 PM. I will probably try to carpool to Seneca for the 10 AM Shoot-Out.
    ElElliott wrote: »
    Not sure what tourney your friend played on Sunday - but the deepstack tourney on Sunday had over 150 entrants.
  • InquirerInquirer
    BlondeFish wrote: »
    My friend, who has cashed in a couple of Seneca tournaments last year, played in both so-called "deep stack" tournaments this weekend. Being the winning Seneca shark that he is, he made it to the money both times! "cheers: The Saturday tournament had 74 players, 15-minute rounds and lasted around 5 hours (including breaks).

    The Sunday tournament had 60 players, 20-minute rounds. It took only four hours (including breaks) to get heads-up then he agreed to a deal. I later mentioned to him about structuring the deal in order to minimize the withholding and maximize his take-home cash, and he agreed that he will try it next time. Instead, Seneca withheld the full 30% on much more than the official second place prize. :'(

    The problems with these NON-deep stack tournaments are the hard-to-beat rake/fees of at least 23%-27% plus the 30% withholding. Except for all_aces and a couple of my friends who have a big enough edge in Seneca tournaments and have enough US winnings to bother with the refund process, playing in any of the Seneca daily tournaments is a bad value for Canadians. I would much rather spend my tournament bankroll at the home games of esool, The_Game, WSOP leagues, or the few clubs that have tournaments with a high Patience Factor. For those that can't stand the absence of decent tournaments in Ontario casinos and want to play a Seneca -EV tournament, then the Saturday 4500-chip tournament is the least evil of their daily tournaments.

    Hmm...I happened to play the 'deep stack' tournament on Sun. and from memory I know for a fact that at least half of the last six players were terrible. I have a feeling I know who your friend is though as he seemed to be the only one that I saw with any sense of what was going on. I didn't realize that they took so much rake for that tournament.

    Although you seem to mention the great structures offered at the home games, you fail to mention that the skill is MUCH (I assume) higher at these home games so you have to take that into account (unless the plan was to suck the fish into playing in those games...j/k I sometimes think too much into things).

    So I assume that the WSOP super satellite is winner takes all? That will be tough to beat.
  • BlondeFishBlondeFish
    Home games by forumers not only have the advantage of letting you get a LOT of poker play but are usually rake-free. Seneca's NON-"deep stack" tournaments have a Skill Level of only 3 and a rake of 23%-57%! I have seen WSOP bracelet winners and other big WPT/Vegas winners playing at Seneca, but haven't noticed too many of those in the $20-$100 home games. Playing at rake-free home games has much higher EV than playing in high-raked crapshoots.
    Inquirer wrote: »
    Although you seem to mention the great structures offered at the home games, you fail to mention that the skill is MUCH (I assume) higher at these home games so you have to take that into account
    :
    So I assume that the WSOP super satellite is winner takes all? That will be tough to beat.
    There seems to be U$16,000 in the prize pool, so there will probably be other winners. It is a no-brainer for me to play, but anybody that is not sure about the good value can contact Seneca Casino with their questions.
  • VoodooVoodoo
    I suggest anyone playing in the Seneca tournaments to sharpen their math skills enough that if you do get deep in a tournament and make a final table you'll know how to structure a deal to minimize the withholding tax. (Obviously this can only be done if the player(s) you're dealing with are American.
  • ReefAquariumReefAquarium
    I love to go to the tournaments, not to play in them but to feed off the chum ...
  • BlondeFishBlondeFish
    Voodoo wrote: »
    I suggest anyone playing in the Seneca tournaments to sharpen their math skills enough that if you do get deep in a tournament and make a final table you'll know how to structure a deal to minimize the withholding tax.
    If I happen to be there, I can help figure out a good deal. I have made prize deals at Seneca, Brantford, Fallsview WPT, etc. when I have made it to the money. The Proportional Chip Count Formula is great if you are one of the chip leaders, while the Landrum-Burns Formula is better if you are one of the short stacks.
  • InquirerInquirer
    Voodoo wrote: »
    I suggest anyone playing in the Seneca tournaments to sharpen their math skills enough that if you do get deep in a tournament and make a final table you'll know how to structure a deal to minimize the withholding tax. (Obviously this can only be done if the player(s) you're dealing with are American.

    Don't Americans get taxed as well? How would that work? Seems ultra complicated given the many variables unless I'm missing something.
  • VladKVladK
    i'm thinking of going to this tournament on the 5th of April. How many players do those usually get?

    Also...is there any sit n go tournaments going on in any of casinos on Canadian side?
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