Fallsview Equity Satellite to $1k Tourney

JimmyHoJimmyHo
in Poker Games
VIP Poker is hosting its second satellite to the Jan. 6-7/11 $1k tournament at Fallsview on December 11th at 6:30pm. Best to sign up on the VIP Poker meetup group. At the last satellite held on Nov. 27th, two seats to the $1k satellite were won. Here are the tournament details and meetup link:

VIP Poker Tour (Richmond Hill, ON) - Meetup

SATURDAY DECEMBER 11, 2010

START TIME 6:30pm

This will be a satellite for The 2011 Fallsview Poker Classic for the $1000 Event on Thursday January 6, 2011

Congratulations to Johanthan Winberg and Ashley Cheung, Winners on November 27, 2010 Satellite.

MINIMUM of 10 players needed to make these tournaments happen. Someone will win a seat to the $1000 Event, depending on the number of players in the satellite.

Here is your chance to go to The 2011 Fallsview Poker Classic at Fallsview Casino and Resort in Niagara Falls Ontario Canada for $120 Dollars.

Rules for this tournament: The usual rules that we have been following for all VIP Poker Tour Events in addition to the following;

1. Tournament is in CA Dollars since you are winning your buy-in into a CA Tournament.

2. The goal is to get 10 more players to be able to give away a $1000 seat. This can be adjusted depending on how many players show up.

3. This is an equity tournament. Any winnings from the Fallsview Poker Classic Event will be divided amongst the players that were in that particular satellite tournament. 80% to the winning player in the Fallsview Poker Classic Event, the remaining 20% divided evenly amongst the players from that Satellite.

4. All players will sign a contract at the beginning of the satellite tourney in attendance agreeing to these terms.(It will be post on the website later)

Tournament starts at 6:30pm, doors open at 6:00pm

Starting Chips: 8,000
Buy-In: $120

Prize Pool: (10-14 players)
1st - $1000 Buy In to the Fallsview Poker Classic Event
2nd - remaining prize pool ($0 - $400)

Prize Pool: (15-19 players)
1st - $1000 Buy In to the Fallsview Poker Classic Event
2nd - 80% of remaining prize pool
3rd - 20% of remaining prize pool

Prize Pool: (20 players)
1st - $1000 Buy In to the Fallsview Poker Classic Event
2nd - $1000 Buy In to the Fallsview Poker Classic Event

Prize Pool: (21-24 players)
1st - $1000 Buy In to the Fallsview Poker Classic Event
2nd - $1000 Buy In to the Fallsview Poker Classic Event
3rd - remaining prize pool ($100 - $400)

Prize Pool: (25-29 players)
1st - $1000 Buy In to the Fallsview Poker Classic Event
2nd - $1000 Buy In to the Fallsview Poker Classic Event
3rd - 80% of remaining prize pool
4th - 20% of remaining prize pool

Prize Pool: (30 players)
1st - $1000 Buy In to the Fallsview Poker Classic Event
2nd - $1000 Buy In to the Fallsview Poker Classic Event
3rd - $1000 Buy In to the Fallsview Poker Classic Event


Blind Levels: 20 minutes

Level 1 = $25 - $50
Level 2 = $50 - $100
Level 3 = $75 - $150
Level 4 = $100 - $200
30 mins Break
Level 5 = $200 - $400;
Level 6 = $300 - $600;
Level 7 = $400 - $800;
Level 8 = $500 - $1000;
10 mins Break
Level 9 = $600 - $1200; 200ante
Level 10 = $800 - $1600; 200ante
Level 11 = $1000 - $2000; 200ante
Level 12 = $1500 - $3000; 200ante
10 mins Break
Level 13 = $2000 - $4000; 500ante
Level 14 = $3000 - $6000; 500ante
Level 15 = $4000 - $8000; 500ante
Level 16 = $5000 - $10000; 500ante
10 mins Break
Level 17 = $6000 - $12000; 1000ante
Level 18 = $8000 - $16000; 1000ante
Level 19 = $10000 - $20000; 2000ante
Level 20 = $15000 - $30000; 2000ante

Comments

  • actyperactyper
    Just some comments about this game/venue.

    Great hosts, beautiful place to play.

    The last satellite took way too long, but with this new structure it will work out better. It was also screwed up last time as 26 players were supposed to come but only 16 showed up so we had to allow rebuys and addons.
  • JimmyHoJimmyHo
    actyper wrote: »
    Just some comments about this game/venue.

    Great hosts, beautiful place to play.

    The last satellite took way too long, but with this new structure it will work out better. It was also screwed up last time as 26 players were supposed to come but only 16 showed up so we had to allow rebuys and addons.

    yah, I think they ended up with 17 players, one rebuy and then the remaining 10 players chipped in $20 each to get to two seats. With the 20 minute rounds and better blind structure, hopefully it will last about 3-4 hours which I think is a decent amount of time for a satellite.

    btw, are you able to transfer your interest in the tournament to someone else if you want to play more satellites? not sure how that would work for the people with the remaining 20% interest? I see the other winner transferred his interest to someone else already.
  • actyperactyper
    It was prearranged that his buddy would be playing the tournament for him as he won't be in town that weekend. I'm not playing the next one but they are trying to draw interest in a $2500 sat if theres enough people interested.
  • SteveKerrSteveKerr
    Structure is terrible

    I was looking forward to playing this since I was away for the last one.

    I will not play any tournament/satellite that has a patience factor of 8.61 and a skill level of 5 out of 6
  • JimmyHoJimmyHo
    SteveKerr wrote: »
    Structure is terrible

    I was looking forward to playing this since I was away for the last one.

    I will not play any tournament/satellite that has a patience factor of 8.61 and a skill level of 5 out of 6

    oh, here we go again. Well if you don't like the structure, how do you suggest it be improved?? As confirmed by Actyper, the current structure was way too long given it was a satellite. I haven't compared the revised structure but my understanding was that the blind levels were reduced to 20 minutes from 30 and the later blind levels are more aggressive.

    If you have some constructive criticism to add to the structure, Roger will definitely consider it. I think he is looking at a tournament for 20 people with it lasting about five hours tops.
  • SteveKerrSteveKerr
    This structure is worse then Fallsviews Super Satellite for their $1000 Event. and both take a $20 rake.

    A home satellite should follow what each blind level is of the actually tournament you are winning a seat in, and starting stack. For example the $1000 event has a starting stack of 5000 chips, so should your satellite, but if you want to add more chips so be it, but at least follow the same levels and adjust the time at each level.

    Holding a satellite that is worse then what a casino in this area does, is just ridiculous in my opinion.
  • SteveKerrSteveKerr
    Follow Fallsviews blinds with 40mins in length and starting stack of 5000. This puts you ending most likely between 5 and 6 hours but closer to the 6 hour mark with 20 players.
    or
    The same as above with 35mins in length and you will be closer to the 5 hour mark.

    Just curious what was considered to late in the last one? and what is the difference to your players if it is a satellite or not? To me a tournament is a tournament.

    Also what most people don't realize is that the bigger starting stack does NOT mean better structure.
  • Wetts1012Wetts1012
    wtf all this and nobody mentions that badass Actyper won the satellite?

    Shippppppppppp.
  • JimmyHoJimmyHo
    SteveKerr wrote: »
    This structure is worse then Fallsviews Super Satellite for their $1000 Event. and both take a $20 rake.

    Fallsview satellites start w 1,000 chips and 15 minute blinds. Don't think they are comparable. Roger is open to suggestions on the structure. The antes are too high IMO when they kick in but an M of 8 after 2.5 hours of play seem reasonable.
  • SteveKerrSteveKerr
    Pokerjah Would you please actually read my post. I never said satellite I said SUPER Satellite, which start with 5k chips and 30 minute blinds
  • JimmyHoJimmyHo
    SteveKerr wrote: »
    Pokerjah Would you please actually read my post. I never said satellite I said SUPER Satellite, which start with 5k chips and 30 minute blinds

    Steve, I don't know why you bother posting if your not planning on playing anyways?? You seem really critical of the fact that there is a rake, when you normally charge a rake at your poker league tournaments. I assume you also have a rake at your 1/2 cash game. Seems pretty hypocritical to me.

    Those forum members that did come out to VIP poker have nothing bad to say about the satellite.
  • actyperactyper
    The sat lasted 8.5 hrs (prob 1hr break). We finished at the 1000/2000/200. Way too long IMO for 16 players. Im not an expert with setting up tournament structures but personally I don't think they should be longer than 6hrs. Also all the casual fish are easily turned off by deep long structures and I would much rather play with weaker competition than better structure.
  • SteveKerrSteveKerr
    WOW pokejah. You really need to read my post.

    I stated I wanted to come to this one since I was away the last one, but not going to play with the structure changed.

    And I also suggested how you can change it.

    Yes I stated the rake is the same as fallsview SUPER Satellite that has a better structure and most likely more players and more seats awarded. I never said I was against the rake Roger takes. In fact it is up to me if I play a raked game or not, and I am not going to complain about someone taking a rake.

    Also I NEVER charge a rake in my cash games at all.

    Pokerjah you obviously don't know how to read my original post or can take any constructive criticism when all I am doing is what you asked. Suggestions
  • SteveKerrSteveKerr
    actyper wrote: »
    The sat lasted 8.5 hrs (prob 1hr break). We finished at the 1000/2000/200. Way too long IMO for 16 players. Im not an expert with setting up tournament structures but personally I don't think they should be longer than 6hrs. Also all the casual fish are easily turned off by deep long structures and I would much rather play with weaker competition than better structure.

    8.5 hours is too long

    With what I suggested you will be done anywhere between the 5 and 6 hour mark
  • JimmyHoJimmyHo
    SteveKerr wrote: »
    WOW pokejah. You really need to read my post.

    Pokerjah you obviously don't know how to read my original post or can take any constructive criticism when all I am doing is what you asked. Suggestions

    Steve, I can read. This was your opening post:

    "Structure is terrible

    I was looking forward to playing this since I was away for the last one.

    I will not play any tournament/satellite that has a patience factor of 8.61 and a skill level of 5 out of 6."

    Don't see much constructive feedback IMO. If you don't like the structure, leave it at that. Comments like "Structure is terrible" don't really help the organizer promote his satellites. As a person who runs a poker league, I would think you would know better.

    btw, Roger did appreciate the sample equity agreement provided.
  • SteveKerrSteveKerr
    Pokerjah. After my first post I posted again with suggestions.
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