WPT NAPC Satellites 2008
Step 1:
- $70 ($53 + $17), 24% fees/rake.
Last year's Step 1 had 19% fees ($73 + $17).
- 1st place wins seat to $460 satellite. 2nd place gets replay in $70 satellite.
- 1000 chips, 10-minute levels.
- Casino Niagara only, Thursday - Sunday.
- Patience Factor < 1, Skill Level 0!
Step 2:
- $460 ($418 + $42), 9% fees. Last year's Step 2 two-table format had 5% fees ($607 + $33).
- Top 3 gets seat to $1,240 Step Q satellite. 4th gets $460 replay.
- 2000 chips.
Last year's Step 2 had 25% more starting chips at 2,500.
- 20-minute levels.
- Saturday at Casino Niagara, Sunday - Friday at Fallsview.
- Patience Factor = 2.7, Skill Level = 1.
Step A:
- $170 ($141 + $29), 17% fees. $290 in fees will be taken away from the players for every Step A satellite, or over 20% more than the $240 last year ($136 + $24).
- 1st place gets seat to $1,240 Step Q satellite. 2nd gets $170 replay.
- 1200 chips, 15-minute levels.
- Daily.
- Patience Factor = 1.3, Skill Level = 0.
Step Q:
- $1,240 ($1,154 + $86), 7% fees. $860 in fees will be taken away from the players for every Step Q satellite, which is a whopping 72% more :eek: than the $500 last year ($1150 + $50)!
- 1st place gets NAPC entry. 2nd place gets $1,240 replay.
- 3000 chips, 30-minute levels.
- Saturday (daily starting on October 1).
- Patience Factor = 6.2, Skill Level = 4.
You can phone 1-866-576-5375 for WPT information.
To see the huge advantage of participating in rake-free satellites, let's say that 81 forumers last year couldn't find any rake-free satellites so we all drove down to the casino (or less players playing multiple satellites). It would have cost us $12,960 in buy-ins to play the Step A satellites and $2,660 would have been taken out in fees, with one of us winning the $10,300 seat. This year, it would cost us $13,770 in buy-ins or almost $1,000 more to win one seat, with the fees increasing to $3,470 which is equivalent to a 25% rake! Now if only those forumers were willing to play in rake-free satellites or league, then they would save 25% or $3,470, or alternatively, that $3,470 can be used to award prizes to three more players.
While any card room has the right to maximize its revenue, the minority of smart poker players also have the option of trying to get the most bang for their WPT buck. If you know anybody that had previously played or is planning to play in a WPT satellite, please ask them if they want to participate in a rake-free satellite/league. Even if it's just one home game satellite for a $460 seat, that savvy group of players at least saves 24% or $170 from playing in a Step 1 satellite.
Fallsview does not have to worry as the fact is that most people just want to gamboool and don't care about things such as rake, Patience Factor or playing in -EV games. There will once again be more than a thousand Fallsview satellites. Hopefully this year, there will be more than the three :-[ rake-free satellites that were organized by forumers last year.
- $70 ($53 + $17), 24% fees/rake.
Last year's Step 1 had 19% fees ($73 + $17).- 1st place wins seat to $460 satellite. 2nd place gets replay in $70 satellite.
- 1000 chips, 10-minute levels.
- Casino Niagara only, Thursday - Sunday.
- Patience Factor < 1, Skill Level 0!
Step 2:
- $460 ($418 + $42), 9% fees.
Last year's Step 2 two-table format had 5% fees ($607 + $33).- Top 3 gets seat to $1,240 Step Q satellite. 4th gets $460 replay.
- 2000 chips.
Last year's Step 2 had 25% more starting chips at 2,500.- 20-minute levels.
- Saturday at Casino Niagara, Sunday - Friday at Fallsview.
- Patience Factor = 2.7, Skill Level = 1.
Step A:
- $170 ($141 + $29), 17% fees. $290 in fees will be taken away from the players for every Step A satellite, or over 20% more
than the $240 last year ($136 + $24).- 1st place gets seat to $1,240 Step Q satellite. 2nd gets $170 replay.
- 1200 chips, 15-minute levels.
- Daily.
- Patience Factor = 1.3, Skill Level = 0.
Step Q:
- $1,240 ($1,154 + $86), 7% fees. $860 in fees will be taken away from the players for every Step Q satellite, which is a whopping 72% more :eek: than the $500 last year ($1150 + $50)!
- 1st place gets NAPC entry. 2nd place gets $1,240 replay.
- 3000 chips, 30-minute levels.
- Saturday (daily starting on October 1).
- Patience Factor = 6.2, Skill Level = 4.
You can phone 1-866-576-5375 for WPT information.
To see the huge advantage of participating in rake-free satellites, let's say that 81 forumers last year couldn't find any rake-free satellites so we all drove down to the casino (or less players playing multiple satellites). It would have cost us $12,960 in buy-ins to play the Step A satellites and $2,660 would have been taken out in fees, with one of us winning the $10,300 seat. This year, it would cost us $13,770 in buy-ins or almost $1,000 more to win one seat, with the fees increasing to $3,470 which is equivalent to a 25% rake! Now if only those forumers were willing to play in rake-free satellites or league, then they would save 25% or $3,470, or alternatively, that $3,470 can be used to award prizes to three more players.
While any card room has the right to maximize its revenue, the minority of smart poker players also have the option of trying to get the most bang for their WPT buck. If you know anybody that had previously played or is planning to play in a WPT satellite, please ask them if they want to participate in a rake-free satellite/league. Even if it's just one home game satellite for a $460 seat, that savvy group of players at least saves 24% or $170 from playing in a Step 1 satellite.
Fallsview does not have to worry as the fact is that most people just want to gamboool and don't care about things such as rake, Patience Factor or playing in -EV games. There will once again be more than a thousand Fallsview satellites. Hopefully this year, there will be more than the three :-[ rake-free satellites that were organized by forumers last year.
Comments
The change in the Step 1 and 2 is absolutely brutal. This is nothing short of a cash grab to increase revenue. The Step 1's had no problem filling last year as did the step 2's so there is no argument that the decrease in price is to make it affordable for all players. I would love to hear any other reasoning or justification on this change other than it being a cash grab and raping of the players.
If you're planning on playing Fallsview WPT Satellites I would suggest bringing a tube of KY jelly.
I'll be keeping my eyes open for a rake free satellite that I can attend.
Thats enough reasoning as it is already. Making it more affordable = more players will be able to afford them - and like BF said, most players that will play in those are there to gamble and not to maximize their dollars - so just more justification for the card room to take more money out of the poker players pocket and put it in their own.
Cool.. I think you may have misread that. To me it looks like they are running them on Saturdays then on Oct 1st they will begin running them daily as well.
They will be in Brantford, so you can head to the sino for some Limit action once you bust out
For the alternative path of playing the $170 Step A satellites, it requires $13,770 in buy-ins (e.g., 81 gamblers) to generate one NAPC seat, and a total of $4,070 or 30% is taken from the players. Unless you are one of the two best players out of the 81 and have enough of a skills edge to beat the 30% rake, it remains -EV to play the $170 satellites.
As I previously posted, PokerStars' 6-Step satellite program is actually worse (I can't link to my post since the forum's irritating automatic links messes things up). It is like buying a $7.50 lottery ticket and having to win the jackpot six times, but a lot of money is taken away from the players by the online site at each step and will total over 100% of the prize pool! Unless you just want to gambool, avoid starting at the low levels of multiple-step satellites that has a high rake at every single step. If other online satellites to $10K events are as highly -EV as PokerStars' Steps, then playing at the casino satellites is a better alternative.
If you want to play at the WPT NAPC, the best path is to play in rake-free satellites/leagues for a $460, $1260 or $10K seat. If you have the bankroll, the next best way is to buy in directly to the second-level satellites, e.g., $460 Step 2, and don't forget to bring a tube of KY jelly.
There were errors/improvements in the original information given to me and the starting stacks for the $170 and $1,240 satellites are the same as last year - 1200 and 3000, respectively. I have updated my original post. Hopefully, the tentative structure for the $460 Step 2 STT will also be changed. Unlike the other three satellites which have to be played out until there is one player standing, the $460 is already over when there are three players left (each winning a $1,240 seat). With only 2000 starting chips and 20-minute blinds, the $460 will usually finish within 5-6 blind levels, compared to the $170 which will actually take more levels at 6-7! Both the $170 and $460 will take around two hours of playing time, but the total fees for each $170 sat. is $290 compared to a whopping $420 in fees for each $460 sat. In return for collecting 45% more fees, the $460 should offer a lot more playing time than the $170. A more reasonable structure would be to have 2,500 starting chips and 25-minute levels.
I'm sure there will be more interest after the WSOP. Everyone is geared up for the WSOP right now...
wow, didn't take you too long not to care at all about the rake
rake is for chumps, not the Satellite King, aka Blondefish!
The big question for me now is whether the $10K event will continue as is in October. Maybe it can become the "EPT North American Poker Championship" for EPT Season 5? I assume that if the event is cancelled, then the satellite vouchers can be redeemed for cash.
Sounds like a good stock to short w the satellites suspended. I was thinking last night as I flipped around the channels that there is a lot less poker on tv these days. I remember two years ago when there was at least two poker shows on in the evening at any one time. Hopefully you can get your money back for any WPT vouchers you still have Blondefish.
WPT Enterprises Opens Discussions for Season VII Television Broadcast Rights: Financial News - Yahoo! Finance
I am more interested in THIS!!!!!
Too Late... 1 year chart... WPTE: Summary for WPT ENTERPRISES, INC - Yahoo! Finance
Me too...
I hope the NAPC is still a go, it's good times!
First time poster here, having been reading these pots about NAPC found very useful. I played 2 of the $70 satellites at niagara and got a 2nd then a 1st in the second one. Just curious if anyone knows any new updated info about if/when satellites may resume, I have a voucher here not sure what to do with it.
Does anyone seem to know if it will be going on still or not?
Would appreciate any info if anyone has anything new....
thanks
Try sending a PM to http://www.pokerforum.ca/members/13cards/. He works at FV so may know what you can do with your voucher.