FPP's - what tourney/satellites do you like to using them for?
in Online Poker
New to Stars and wondering what you all like to use your FPP's for? Seems like there are a bazillion tournaments and satellites and I'm not used to this much selection.
Comments
The 20 to 100 FPP buyin's are mostly all-in retardfests but it's cheap entertainment. Seems like better value then 400FPP's for a stress star that you can probably buy at "Buck or Two".
Check out the items in the FPP store to get a rough idea of the "base" value of FPP. You can get Small Stakes Holdem for 1,500 FPP, which is not a bad deal at all.
In terms of tournaments, the key observation is that the prize structure of most (actually, all that I've seen) FPP tournaments is fixed, and the number of entrants is the variable. This affects the value of your FPP. Fewer entrants is better of course.
The monetary equivalent of FPP can vary widely, anywhere from a couple of dollars per 1,000 FPP, up to nearly $100 per 1,000 FPP. The $10-$30 range per thousand is most typical.
Apart from the usual hardcore "maximize your EV" line of thinking, micro-FPP tourneys can also provide a nice diversion. They're sort of somewhere between a pure freeroll and a real money tourney in the sense that there is usually at least some kind of decent prize to shoot for, but the competition is not world class. They are a great way to practise playing against "wacky" players, which is not only useful in terms of learning the strategy adjustments that need to be made against bad players*, but also a good way to improve your "tilt management".
A couple quick tips for maximizing FPP buy-in value:
-Try to play FPP tournaments at off-peak times. This includes weird times of day, holidays, and for special events (e.g. WSOP) dates farther away from the target event time. (That is, there is generally more demand for sats closer to WSOP time.)
-Generally avoid the FPP sats into other FPP sats. There is typically a pretty substantial FPP house cut in these events. You sometimes lose half your FPP or more in buy-in equivalent playing in these kinds of things. Finding an FPP overlay instead would certainly be sweet, but I've found this to be pretty rare.
ScottyZ
*As is one of the main philisophical themes in SSH: Beating bad players is easy--- maximizing your win against such players is the challenge.
Cheers
Magi
I used 1000 FPP for a WSOP satellite recently, in theory with a prize of $14,000 it would require 1400 people to enter for you to be even fair value. The one i entered had something like 350 people only. To me that's the type of overlay i'm looking for. Essentially a $10,000 overlay based on a fair value of a penny a point
the players were unreal bad though
Even 20 minute rounds, so there is loads of play!
Strangely, the 100 FPP -> 1,000 FPP sats seem to be one of the worst uses of FPP, with Stars sucking up well over half the FPP in the prize pool in the few I've looked at so far.
ScottyZ