wsop buyin question

pedro55

When they list the buy-ins for the wsop events does that include the fee or is the fee in addition? Example event #17 $1000 buy-in. Would it cost me 1000 total or 1000+ a fee. Also does anyone know in either situation what the %fee would be?

ScottyZ

The house fees are explained near the bottom of this page:

http://www.worldseriesofpoker.com/2006wsop.asp

You pay the "advertised" amount, and the house fee is taken from that. For example, a $1,000 WSOP tournament actually has a $910 + $90 buy-in.

This seems to be standard across all the (live) WSOP events, like satellites, second chance tourneys, etc.

ScottyZ

westside8

It seems pretty standard that 9% of the stated buy-in goes towards the fee. I'm too lazy to go dig through all the WSOP/WPT sites, but I've heard/read from numerous places that 9% is pretty much what they take out of the buy-ins now.

Flint Bones

Just think,

5600 entrants. $10 000 buy in. 9% fee.
$5 040 000 rake. And that is just a drop in the can to a casino.

ScottyZ

Flint Bones wrote:

Just think,

5600 entrants. $10 000 buy in. 9% fee.
$5 040 000 rake. And that is just a drop in the can to a casino.

The house take for the $10,000 event is actually 6%.

But your point that it's a pretty damn huge dollar amount is still well taken.

ScottyZ

Yorkpoker

That's without TV revenues as well.

However, remember what they are spending to produce that event. 5600 entrants means a thousand staff for 4 days, plus another few hundred building and breaking the event, security, wait staff, etc...