~Seneca January Tourny~

Is anyone playing in any of these? even though they withhold 30% off your winnings (although you can get all but 8% bk I think from Refund management or sometype)

Seneca Poker | Blizzard Challenge

The sat main event $300 + $30 of 5000 starting chips and 40 min blinds is the best bet for value. The $150 + $15 + $5 Fri and $100 + $10 + $5 Sun noon events with 5000 starting chips and 30 min blinds are also playable i guess... everything else is just donkfests pretty much... including the turbo satelites and super satelites to get into the main event or others.

Not sure if Seneca Niagara is using their normal blind structure in the weekly tourny's they run. I'm also not sure if i figured this correctly (BlondeFish?), but I got a patience factor of 16.29 and a skill level of 6 for the Saturday Main Event Tourny.

For the two other T's I was thinking, on Fri/Sun with 5000 start & 30 min B's. I got a Patience Factor of 11.05 with a skill level of 6 again.

The other donkfests as a sample such as the Thursday $100 + $15 + $5 with 5000 starting and 20 min blinds falls to a 6.57 Patience Factor and skill level of 4 same as the Monday Tourny.

Of course this could be wrong, if the blind structure is diff. then what they have posted for normals T's. I will call in the next few days hopefully.. or does anyone else know?

Is anyone else going BlondeFish, All_Aces, Shopsy i think, others who were there for this last year? is it worth it with the 30% loss if u do win big {All_Aces can you enlighten us if you recovered your lost 30% last year after your 2nd place victory :) }

I may go down Thur-Sun and play cash games @ seneca and Niagara, drink the free drinks, eat the free buffet dinners on thur,fri,sat,sun and a play(i mean try to win..haha) a few of the tournies I mentioned as well

Maybe see some of you there.. thought id pass the info on...

Comments

  • Big_Chips wrote: »
    Is anyone playing in any of these?
    Here is my answer from another thread:
    BlondeFish wrote: »
    The one glaring exception for the $5K threshold is Seneca Casino, where no Canadian with half a brain should ever play unless they enjoy getting raped with an extra 30% rake just for winning ONE dollar! :rage:
    It makes no sense to get raped across the border when there are dozens of decent tax-free tournaments in Ontario this year: at least 14 in Great Blue Heron (including January 14), 8-12 in Point Edward, 19 in Brantford in the next 3 months, and a hundred SNGs at Fallsview Casino leading up to the WPT NAPC. Even any of the club tournaments is a better alternative, especially the Orangeville one on January 18 (same location where your buddies and I played).
  • True... just saw the Brantford info you posted, looks interesting. Do you have information on the Orangeville tourny? Couldn't find it anywhere quickly.

    Wouldn't you say though, that the Seneca main event and the other 2 I posted are good value as they are double or more in patience factor of the brantford 100 events....and the 400 and 800 events are patience factor of 9 skill 5 for Brantford.. compared to 11.05 and level 6 for only the better 2 $100/$150 events next week @ Seneca (as Brantford stupidly has their bigger events at 20 min blinds).... Seneca's are 30mins and 40mins for the main event.. (not too mention lots of loose passive/aggressive americans)...

    Obviously if you lose 30% of your winnings at any point, this all becomes nul in void, but if you CAN recoup most of the 30%, these 3 tournies are still pretty good.

    The free booze, and free food, makes me wanna play even more,hahah, especially the booze, which will likely effect my game positively or negatively at any point..hahah

    I'll check out the the Blue Huron and Point Edward events as well, I know I checked them out last year.

    If you can recoup, most of that 30%, I think they are decent options still for the cheaper $100 events, where you have more poker(play)ability.

    For me too, I like to stay and make a few days of it. I may get my positive EV from my free drinks/food, play a satelite or two, probably play the $100 and $150, and take advantage of the hopefully loose money in the Ca$h games, where I would be focusing most efforts.
  • If you choose to go stateside, for an extra couple hours you could make the trek to turning stone just outside Syracuse, they have a good 7-8 days of tourneys next week.
  • Oddly, Seneca isn't offering anything even close to the buy-in they had last January when I took second. That was a 1K event... the biggest they seem to have during this Blizzard series is $300?

    As redandblack mentioned, the $1700 at Turning Stone is more appealing to me (Jan 17 -19), but my standards for live donkaments have changed somewhat. As mentioned (and pictured) on my [LOL] blog [/LOL], I recently purchased a home and used a goodly chunk of my poker bankroll as part of the down payment.

    Poker is awesome btw, yes indeed.

    Anyway, I can't really picture myself going to Turning Stone to play a 2K-ish MTT anymore, but you never know. Because my poker bankroll is a fraction of what it used to be, I'm now looking for poker tournaments that have some "vacation EV" as well. So, not Brantford. Or Seneca. Or Port Perry, or Turning Stone. I'm looking closely at the Wynn series in Vegas at the end of February for starters.

    We'll see, but I can't really play everything within driving distance like I did before, so part of the selection process is a sunny place I guess.
    is it worth it with the 30% loss if u do win big {All_Aces can you enlighten us if you recovered your lost 30% last year after your 2nd place victory }

    I did file to get that and a couple of other 2008 USD wins back. The $$$ should be arriving in a month or so which is pretty sweet, it's like winning again without having to do anything. I managed to get a good deal because I know the guy from RMS, I interviewed him on Poker Night Live once.
    Originally Posted by BlondeFish
    The one glaring exception for the $5K threshold is Seneca Casino, where no Canadian with half a brain should ever play unless they enjoy getting raped with an extra 30% rake just for winning ONE dollar!

    Yeah Seneca's a bit ridiculous with the witholding tax. You can get pretty much all of it back as you know, but it is a bit of a pain, and all the more so for small amounts of money.
  • Holy crap who is this all_aces guy?

    Btw...if you are looking at the Wynn Series, Venetian's Deepstack Extravengenza is running as well at the same time, so more options for you.
  • Haha very funny Wes, I still read this section to keep up with the local events. Thanks for the info re: the Venetian, I'll check it out!
  • Didn't you have to come up with enough gambling receipts before you could try to get a full refund for the withholdings?
    all_aces wrote: »
    I did file to get that and a couple of other 2008 USD wins back.

    See my thread of poker vacation options in the US. Note that the Wynn Series starts AFTER the Venetian DSE and Caesars Mega Stack Series are over. IF I didn't have to worry about the 30% tax withholding, I would play the Venetian satellite SNGs on any free time then play the Mega Stack at noon.
    all_aces wrote: »
    I'm now looking for poker tournaments that have some "vacation EV" as well.... I'm looking closely at the Wynn series in Vegas at the end of February for starters..
  • Sick loft dude
  • all_aces wrote: »
    Haha very funny Wes, I still read this section to keep up with the local events. Thanks for the info re: the Venetian, I'll check it out!

    Saw the pictures of you new place. No poker table????? Very nice though!
  • BlondeFish wrote: »
    Didn't you have to come up with enough gambling receipts before you could try to get a full refund for the withholdings?

    Now that you mention it, no, I didn't. Odd. Although he did tell me that it's a good idea to keep every single tournament entry receipt, which I've started to do.
    BlondeFish wrote:

    See my thread of poker vacation options in the US. Note that the Wynn Series starts AFTER the Venetian DSE and Caesars Mega Stack Series are over. IF I didn't have to worry about the 30% tax withholding, I would play the Venetian satellite SNGs on any free time then play the Mega Stack at noon.

    Thanks Buddy, I'll check it out. Yeah I did notice that the timing of my potential trip doesn't really work with the Venetian DS series. It's OK, IIRC the Wynn has nightly second chance events so there should be plenty to keep me busy.
    actyper wrote:
    Sick loft dude

    Tyvm! :)
    Dead Money wrote:
    Saw the pictures of you new place. No poker table?? Very nice though!
    Haha thx, yeah the poker table is in storage here and will undoubtedly be busted out from time to time...
  • Great to hear from you again. Sick loft indeed. I lol'd at the model you built, OCD...perhaps.

    Take it easy.

    stp
  • stpboy wrote: »
    Great to hear from you again. Sick loft indeed. I lol'd at the model you built, OCD...perhaps.

    Take it easy.

    stp

    Thanks Shannon, hope all is well with you too. I lol at the model every time I walk past it...
  • Still waiting for the house warming poker game invite...
  • The one glaring exception for the $5K threshold is Seneca Casino, where no Canadian with half a brain should ever play unless they enjoy getting raped with an extra 30% rake just for winning ONE dollar!

    What is the $5K exception? Do you mean that if you win $4999 through a tourney in LV they won't withhold the 30% for you anymore? But at Seneca they will?

    Thanks
  • Yes, several forumers including myself won money at poker tournaments in Las Vegas and Turning Stone last year, but since most US casinos follow the practice of withholding the 30% only if your net winnings are over $5,000, none of us were taxed. I won a lot of satellites at the Venetian and there was never any withholding.

    Meanwhile at Seneca, a couple of forumers including me were ripped off 30% just for winning a small satellite that is non-taxable in all the other US casinos. I know people that made the blunder of playing the low buy-in crapshoots in Seneca with unbeatable rake and they made it to the money, but after being taxed 30% for winning a small amount, they actually lost money! :rage:
    Tilter wrote: »
    What is the $5K exception? Do you mean that if you win $4999 through a tourney in LV they won't withhold the 30% for you anymore? But at Seneca they will?
    Thanks
  • Oh wow, that's good to know about Turning Stones. I think Matt Savage said the same about the LAPC.

    Are satellites standardly taxed? As seats/lamers are given. I've never been taxed for a WSOP SNG Win before.

    Do you also know if the 5K rule applies to WSOP events now? I still remember my 2100 score being taxed down to the original 1500 buyin.

    Thanks for your quick post. Off to bed, I'll check back tomorrow.
  • Tilter I won about $3500 at the WSOP last year and was not taxed
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