Rake-free satellite for $10,300 WPT seat
While organizing the low buy-in rake-free satelllites, I was requested to have a higher buy-in so the winner will directly get the $10,300 WPT NAPC main event seat. For example, there have been at least five rake-free satellites run by Dead Money, The_Game and me where the winner got ~$1,240. Instead of driving to the casino and paying $860 in fees for the Step Q satellite, that $860 can be put back to the prize pool to increase your EV.
The satellite will be limited to the first 10-11 players who register. Four players are already confirmed and I will contact the other interested players soon. In case you or anybody we know is interested in participating, please PM me ASAP with your dates availability.
First Prize: $10,300 WPT NAPC Entry Voucher.
Buy-in: ~$1,240 (rake-free, 100% will go to prizes).
Starting Chips: 20,000, simulating the actual WPT structure as much as time permits so that the winner will have the best chance of winning money at the actual 5-day event. It will have the highest Skill Level of 6.
Date: Tentatively September 21, Sunday afternoon depending on when the registrants can make it.
Location: Mississauga or Georgetown home.
The satellite will be limited to the first 10-11 players who register. Four players are already confirmed and I will contact the other interested players soon. In case you or anybody we know is interested in participating, please PM me ASAP with your dates availability.
First Prize: $10,300 WPT NAPC Entry Voucher.
Buy-in: ~$1,240 (rake-free, 100% will go to prizes).
Starting Chips: 20,000, simulating the actual WPT structure as much as time permits so that the winner will have the best chance of winning money at the actual 5-day event. It will have the highest Skill Level of 6.
Date: Tentatively September 21, Sunday afternoon depending on when the registrants can make it.
Location: Mississauga or Georgetown home.
Comments
- third place winner of last year's NAPC
- female player who made it to the final twenty of last year's WPT NAPC
- player who wins against the poker superstars at the highest stakes cash games, and also won multiple satellite seats at the WSOP, WPT Bellagio and last year's NAPC.
- professionals playing at the highest limits at Fallsview.
As far as I know, none of the interested players for this rake-free game have that kind of winning track record. Like all the other rake-free satellites, most of the participants will probably be non-forumers. If you think that you have above average poker skills, then having 20,000 starting chips instead of 3,000 chips with ~$860 added to the rake-free prize pool is such a no-brainer +EV choice, but that's just me! :fish:
Anyway, if HP_John, Dead Money and his two friends are in, then we may already have close to the 10 players required. I will make some phone calls to finalize the players, along with date and location.
According to OP, its a voucher.
Rake-Free Satellite Equities
1-5) Forumers 1-5: $1,300 each
6-10) Non-forumers: $1,180 each.
Total buy-ins/equities = $12,400.
Since it is a zero-sum game with no rake, playing is +EV for five of the players.
Casino Satellite Equities
0) Administration fees: $860
1) Satellite King 1: $1,500
2) Satellite King 2: $1,500
3) BlondeFish: $1,500
4-9) Players that could have participated in the rake-free satellite: only $1,015 average equity each
10) Casino donkey: $950.
Total buy-ins = $12,400.
Since it is a negative-sum game with $860 taken out of the players' buy-ins and there are several sharks who play every single $1,240 satellite and have won multiple times, then it becomes highly -EV compared to the rake-free satellite.
My friends who dream of playing in the $10,300 event have asked me for advice, so here it is:
1) Organize or participate in as many rake-free satellites as you can, such as Dead Money's Thursday satellites. Use the ~$1,240 you win to play in the rake-free satellite for the $10,300 seat.
2) If you can't find a rake-free satellite, carpool to Fallsview to play the $460 satellite to win a $1,240 voucher. Sell one voucher by the next $1,240 satellite, and use the proceeds to play in the rake-free satellite for the $10,300 seat.
If you or anybody you know is interested in maximizing EV for a $10,300 WPT seat, please contact me ASAP. I will register for every single $1,240 satellite at Fallsview, so say hi if you see me.
What has been the trend with their domination? I did not really see any players that had an +ev edge on me? When you think about it, for the most part they know as much about me as I know about them.
If you have any tips that would be great as I am preparing to do battle again this weekend. However if I do with a couple of 1240 vouchers I may just jump over to this game as well.
Seat 3 - Me
Seat 4 - Chip leader in the final two of a previous $1,240 sat. who accepted a deal.
Seat 5 - Won a $10,300 seat early on and disappeared, but may now be back to play a lot more $1240 sats.
Seat 7 - Winner of numerous satellites at the WSOP, WPT Bellagio, and already has a couple of $10,300 vouchers. I would avoid playing against this millionaire pro, but this has been impossible since he plays every $1240 satellite when he comes to Fallsview to play the highest limit cash game.
Seat 8 - Has over $300K in tournament winnings, but is one of several former forumers who were flamed from ever wanting to contribute to this forum again.
Seat 9 - One of the top local players in the Canadian Poker Tour.
Seat 10 - Fallsview young professional who has started playing every single satellite and made it to the final two in $1240 sat. earlier that day.
Almost two hours into the satellite, there were still seven of us left. Two of the faces I didn't recognize outlasted most of the seven sharks. There were four players left when I had to go home at 5 AM since the championship game of a rake-free WPT $11K league I play in was later that day.
If you definitely want to play at the main event, then another tip is to bring enough cash to make a possible deal. In a couple of the $1240 sats. that I played, my heads-up opponents really wanted to play the event so I offered to take extra cash while they get the $10,300 voucher. They didn't have enough cash with them, so we were forced to play it out and they missed out on the $10,300 vouchers and just got a replay. In another $1,240 sat., I had over 80% of the chips when it got down to three players, so I offered the two micro stacks cash.
Seriously, several forumers now have what's called a "front money account" with the casino, where you can conveniently keep cash instead of having to carry enough $20 bills to stop a bullet or being restricted by your bank's daily withdrawal limit.