Seneca Saturday
If anyone is interested, Im going to head to Seneca Saturday and likely stay most of the day.
Theres an OK structure MTT with high juice and 35% witholding, if thats what gets you going.
I may just play cash, but plan to get there for 11am.
Theres an OK structure MTT with high juice and 35% witholding, if thats what gets you going.
I may just play cash, but plan to get there for 11am.
Comments
Seneca Gaming and Entertainment - Seneca Poker - Niagara Falls - Summer Slam Series
Wow that juice looks huge! And withholding tax on top!
It will attract a pool of stupid people, but will it be enough to be +EV, and cover the harassment at the boarder and gas?
Can you drink enough of the free beer like substance to cover?
I'm thinking of playing at Fallsview this Saturday after its entertainment event.
You make your money off of beating bad players, not saving a couple bucks on rake lol
If you are talking cash then I generally agree at levels above $1/2. At 1/2 it is close if you can beat the rake or not..
However in a tournament if you are paying 15-20% rake plus 30% of your winnings then I don't care how much better you are than the other players you can't make money long term..
of course, 50% rake is beatable...these guys are idiots
tap tap
4% rake - 20% rake, it doesn't matter. Everyone in tournaments pay the same amount of rake across the board. the difference of a few dollars is irrelevant.
Field size/ structure / quality of players >>>>>>>>>>>>> a couple measly percent in rake
I'd be interested in hearing why you believe this is true.
I've concluded high rake and tax makes live tournaments in the US not worth playing except for the twenty or so best Canadians.
Are you winning at playing high rake, high tax tournaments over even a small sample size?
All im saying is, a few dollars in rake wont affect my decision to play a tournament. As I said, structure, field, and prizepool hold precedence. Basing weather or not to play a tournament based on rake is just insane.
Why do you think we travel all over the world to play? We spend thousands in travel and lodging. You think it matters if its a $2000 + $100 or if its $2000 + $200?
it really doesnt.
Think long term sir. This post is pretty shortsighted. Theres a reason many pros boycotted WSOPc at Caesars, because Harrahs pumped up the juice.
Also,
:arghh::cool2:
Actually they didn't pump up the juice, it only appeared that way. Instead of the small print reading 3% taken out for tournament staff, they stopped the extra 3% rake and slightly upped the rake from the $1675 main event buy in, which turned out to be less then 3% when you do the math. There is a thread somewhere on this forum, where I broke it all down.
The problem was that players, including some pros just saw the added juice listed in the buy in and didn't realize that there was no 3% in the small print, that most tournaments all over the place take out in addition to their rake from the buy in.
He'll if Allen Kessler didn't boycott The WSOPc events, then all must be good.
That really doesnt answer the question of what time I should pick you up on Saturday.
woah woah woah
can you elaborate on this?
I hope im not misunderstanding.
What sort of tournaments actually take out from the prizepool beyond the rake?
Dealer fees. Almost all of them do. Some of them advertise as a $xxx + x + x buying, others just put it in the small print.
:laugh::cool2::arghh:
yeah, obv
I meant beyond that lol
im also the dickhead that tips the cage after cashing in my chips lol
I play high rake events, and tip dealers and staff and massage girl a ton. I must be the most -$EV player of all time, and there's no chance that I make any money long term.
this has been enlightening.
$2000 + $1000?
math is fun
http://qa.venetian.com/uploadedFiles/Common/Gaming/Deep_Stack_Extravaganza/DSE_I_2013_2500_Day_1A_1B.pdf
Venetian Main Event - takes $125 for entry fee (rake), and $88 staff fee (3.5%)
Most tournaments every where does this and it is printed in the small print usually at the bottom of the structure sheets.
Even I know that this is faulty reasoning, and I am certainly not making a living at this game.
Thanks for that, I normally don't really pay attention to that.
It's really eye opening to see how lucrative hosting large field, large buy in events are. Casino's are keeping 100% of the rake and 3.5% of player prizepool goes to staff. That number seems really high to me (the 3.5 %)
Sorry for starting this debacle gents.
Now you know, if you were a professional couch mover, making the big bucks it wouldn't matter so much.. and please don't claim declarateion...
But, my Accountant says that I can claim decleration every year until I exhaust my bankroll . . . it's what has kept me playing for so long. You saying I might get audited?
For example, Caesars collected over $5.2 MILLION in fees/rake from the 2007 WSOP ME. Imagine if the rake was lower and how much bigger the players' payouts would have been. It's worse for the Canadians who will get raped another 30% by the US government IF they cash, making it highly -EV to buy-in.
Is anyone planning on playing any of these? Even with the high rake and withholding, I'm still considering it just because I have the time off and haven't played in forever.