YRPL Fallsview Satelites

YRPLYRPL
in Poker Games
The Fallsview Poker Classic is back at Fallsview Casino from January 16 - 21, 2013.
http://​fallsviewcasi...clear.gif

YRPL will be running multi-table satellites to the $1,000 and $2,500 events.
Sunday, October 21st - YRPL Fallsview $1,000 Satellite
Sunday, November 4th - YRPL Fallsview $1,000 Satellite
Sunday, November 18th - YRPL Fallsview $1,000 Satellite
Sunday, December 2nd - YRPL Fallsview $2,500 Satellite

YRPL Satellite to The Fallsview Poker Classic $1,000 Event - York Region Poker League (Newmarket, ON) - Meetup

Good Luck and Good Fun

Comments

  • RAM_EhRAM_Eh
    Giving up 25% equity is a bit much don't you think?
  • YRPLYRPL
    Think of it like winning in the USA where they take 30% and don’t even say thanks. Sharing 25% with a bunch of other fellow players who think your great can be very rewarding. Giving up 15% or 25% is a problem I’d like to have.
  • SteveKerrSteveKerr
    Most players can get all or some of the 30% back from any US Tax Withholdings.
  • YRPLYRPL
    Not having the problem, I can’t be sure of the details but don’t you have to show the equivalent in loses to get the 30% back.
  • SteveKerrSteveKerr
    Like I said most players can get SOME or ALL the withholding back, it all depends on how much you end up getting withheld.
  • YRPLYRPL
    The Fallsview Poker Classic is back at Fallsview Casino from January 16 - 21, 2013.
    http://​fallsviewcasi...clear.gif

    YRPL will be running multi-table satellites to the $1,000 and $2,500 events.
    Sunday, October 21st - YRPL Fallsview $1,000 Satellite
    Sunday, November 4th - YRPL Fallsview $1,000 Satellite
    Sunday, November 18th - YRPL Fallsview $1,000 Satellite
    Sunday, December 2nd - YRPL Fallsview $2,500 Satellite

    YRPL Satellite to The Fallsview Poker Classic $1,000 Event - York Region Poker League (Newmarket, ON) - Meetup

    Good Luck and Good Fun
  • screenmanscreenman
    Dead Money wrote: »
    Giving up 25% equity is a bit much don't you think?

    Pay 90% of my entry and I will give you 25% equity everytime.
  • RAM_EhRAM_Eh
    screenman wrote: »
    Pay 90% of my entry and I will give you 25% equity everytime.

    First you have to win the satelite. GL with that.
  • RAM_EhRAM_Eh
    YRPL wrote: »
    Giving up 15% or 25% is a problem I’d like to have.

    Ive played the tournaments you run, organizied and well run. So why not change it to 15% like other meet ups?
  • YRPLYRPL
    Ive played the tournaments you run, organizied and well run.
    Thanks DM I appreciate your support.

    So why not change it to 15% like other meet ups?
    My feeling is that 15% shared over a multi-table satellite is not enough, I personally like 25% but would like to hear other opinions.
  • JimmyHoJimmyHo
    What I have seen, 15% is typically the standard. Most players (on this forum anyways) look at it as an additional form of rake.

    Steve, if most players get back "all or some" of their 30% withholding tax, why is it deducted from the BAP payouts over $5k? I have raised this before in other threads. I would rather share a 25% equity than get robbed on my share of the 30% withholding recovered. If a player recovers some of the withholding on their tournament cash, and this is a BAP tournament, why shouldn't they have to pay out an equity percentage on this recovered amount??
  • SteveKerrSteveKerr
    pokerJAH wrote: »
    Steve, if most players get back "all or some" of their 30% withholding tax, why is it deducted from the BAP payouts over $5k? I have raised this before in other threads. I would rather share a 25% equity than get robbed on my share of the 30% withholding recovered. If a player recovers some of the withholding on their tournament cash, and this is a BAP tournament, why shouldn't they have to pay out an equity percentage on this recovered amount??

    This is equity not a BAP

    you have to show gambling loses to get withholding back. So for the equity tournament it is 30% of the $1,500 buy in, which is $450 minus any fees (usually 10% of what you get back to the company that applies for the withholding for you) and ITIN cost ($100 I think) so $450 - $45 - $100 = $305 divided by the other players in equity satellite (25 players) so that's $12.20 per player. So you are worried about an extra $12.20? (players in the equity shouldn't have a problem with player keeping the $12.20 per player as player is not always receiving money for travel.

    In other words if player gets taxed $1560, you have to show $5200 in gambling loses to get it all back - If player has more gambling loses then the $1500, player shouldn't have to put that into the equity

    You have to remember that the equity satellites to the USA are usually for BIG events where the prize pools are in the millions.
  • SteveKerrSteveKerr
    YRPL wrote: »
    Giving up 15% or 25% is a problem I’d like to have.

    When I first started running satellites, it was 20% equity and the biggest complaint I got was it was too much, so I changed it to 15% and players were happy
  • Wetts1012Wetts1012
    pokerJAH wrote: »
    What I have seen, 15% is typically the standard. Most players (on this forum anyways) look at it as an additional form of rake.

    Exactly this - and is likely the reason I probably wont come out (although the structures of your satellites are deep and solid).

    The "rake" is just too high.

    Long term, over a significant sample size a good player will always payout to the field more than he receives back, because weaker players are less likely to:

    a) Win the satellite
    b) Cash in the target event.

    From that perspective - equity satellites benefit weaker players long term.
  • Wetts1012Wetts1012
    screenman wrote: »
    Pay 90% of my entry and I will give you 25% equity everytime.

    I dont know if you're serious with this post but the logic in it is significantly flawed.

    Unless you're a bad player, see post above.

    Think of it this way. You can have your quote above.

    I would rather that you pay 90% of my entry and I give you nothing.
  • actyperactyper
    YRPL wrote: »
    Ive played the tournaments you run, organizied and well run.
    Thanks DM I appreciate your support.

    So why not change it to 15% like other meet ups?
    My feeling is that 15% shared over a multi-table satellite is not enough, I personally like 25% but would like to hear other opinions.

    I was ready to book in that date until I saw that 25% No chance i'm giving up that equity.
  • YRPLYRPL
    I have created a new poll at the below link regarding Equity Satellite Events please have a look and cast your vote.
    http://www.meetup.com/YorkRegionPokerLeague/polls/
    When logged in at YRPL you can go to the MORE tab and click on Polls.

    Thank you
    Rocky@YRPL
  • actyperactyper
    0 equity ftw, good idea with the poll
  • JimmyHoJimmyHo
    thanks for doing the poll and getting player's input. I will try to make a couple, once the cottage country traffic dies down :)
  • YRPLYRPL
    Regardless of what the equity ends up being, I’m thinking that that the winner should be able to keep what they have already won, so the share in this case should only be over and above the first $1,000 or that of the entry amount. What are your thoughts on this?
  • Wetts1012Wetts1012
    YRPL wrote: »
    I have created a new poll at the below link regarding Equity Satellite Events please have a look and cast your vote.
    http://www.meetup.com/YorkRegionPokerLeague/polls/
    When logged in at YRPL you can go to the MORE tab and click on Polls.

    Thank you
    Rocky@YRPL

    I dont really like the wording of the 0 equity option.

    Im not saying take the cash and run - as the option is worded. It should still be a "forced" play satellite, just without the equity.
  • actyperactyper
    YRPL wrote: »
    Regardless of what the equity ends up being, I’m thinking that that the winner should be able to keep what they have already won, so the share in this case should only be over and above the first $1,000 or that of the entry amount. What are your thoughts on this?

    Yeah equity should be on profits, agreed
  • YRPLYRPL
    Wetts1012 wrote: »
    I dont really like the wording of the 0 equity option.

    Im not saying take the cash and run - as the option is worded. It should still be a "forced" play satellite, just without the equity.

    Not sure I understand the point of forced play with no equity.
  • YRPLYRPL
    The Fallsview Poker Classic is back at Fallsview Casino from January 16 - 21, 2013.
    http://​fallsviewcasi...

    YRPL will be running multi-table equity (20%) satellites to the $1,000 and $2,500 events.
    Sunday, October 21st - YRPL Fallsview $1,000 Satellite
    Sunday, November 4th - YRPL Fallsview $1,000 Satellite
    Sunday, November 18th - YRPL Fallsview $1,000 Satellite
    Sunday, December 2nd - YRPL Fallsview $2,500 Satellite

    YRPL Satellite to The Fallsview Poker Classic $1,000 Event - York Region Poker League (Newmarket, ON) - Meetup

    Good Luck and Good Fun
  • YRPLYRPL
    YRPL Fallsview Poker Classic Satellite Series begins Sunday, Oct. 21st
    Go to the YRPL for all details and to register online.

    http://www.meetup.com/YorkRegionPokerLeague/events/75615572/

    YRPL will be running multi-table equity (20%) satellites to the $1,000 and $2,500 events.
    Sunday, October 21st - YRPL Fallsview $1,000 Satellite
    Sunday, November 4th - YRPL Fallsview $1,000 Satellite
    Sunday, November 18th - YRPL Fallsview $1,000 Satellite
    Sunday, December 2nd - YRPL Fallsview $2,500 Satellite

    YRPL Satellite to The Fallsview Poker Classic $1,000 Event - York Region Poker League (Newmarket, ON) - Meetup

    Good Luck and Good Fun
  • YRPLYRPL
    YRPL Satellite to The Fallsview Poker Classic $1,000 Event

    This is a multi-table equity satellite event to the Fallsview Casino Poker Classic $1,000 Event, Day 1 January 16th or Day 2, January 17th, 2013.

    Satellite Date: Sunday, October 21, 2012, Start 12 noon, registration open at 11:30am, please be early.

    Open to both Men and Women age 19 and over.

    Entry: $105.00 all to prize pool (plus $15.00 option see below).

    Starting Chips: 7,000 (9,000 with option see below).

    Option: Players have the option of donating $15.00 to go toward costs, e.g. lunch, hall, tables, chips, cards, audio visual equipment, website, etc. As a bonus for this donation, you will receive 2,000 in playing chips plus the chef special and one beverage of choice.

    With the above option, the cost will be $120.00 with a starting stack of 9,000.

    Re-Entry: You may re-enter buy purchasing an available ghost stack (only if available).

    Freeze-out: No Re-buys, No Add-on.

    Prize Pool: One $1,000 seat will be awarded for every 10 people in the tournament any remaining money will be paid to the bubble. e.g. 25 entries, 2 seats will be awarded bubble gets $625. If for any reason a seat is not available for the specified event the winning player will be paid out in cash with no equity due.

    Equity: Each winning player will retain 80% of their net winnings and will share 20% of net winnings with the participating group.

    Blind Levels: Increase every 30 minutes.

    Tournament Rules: We play by TDA rules and Roberts Rules of Poker. All decisions by Tournament Director are final.

    Register/RSVP: Register/RSVP online, payment instruction below.

    Good Luck and Good Fun
  • YRPLYRPL
    20 registered so far always room for more.
  • YRPLYRPL
    YRPL Fallsview $1,000 Satellite 21/10/12 we had 18 players plus 1 re-entry = 2 seats available. Congratulations to Kevin Poker Pilot and Blair each winning a $1,000 seat to the Fallsview Classic to be played January 16th, 2013. Good Luck Boys.

    Next YRPL Fallsview $1,000 Satellite is Sunday, November 4th 12 noon start.
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