They give the chip leader a complete freeroll. He gets greater than 2nd place money for finishing 2nd or 3rd, and greater than 1st place money for finishing 1st.
The chip count method is severely flawed when there are one or more extreme (either big or small) stacks.
They give the chip leader a complete freeroll. He gets greater than 2nd place money for finishing 2nd or 3rd, and greater than 1st place money for finishing 1st.
StaffMikeJ [Support]: hang on, and please do not chat until I have finished
StaffMikeJ [Support]: stealth will receive $170,000
StaffMikeJ [Support]: lobo will receive $85,411.71
StaffMikeJ [Support]: T_Mac will receive $99,204.29
T_Mac: agree
stealthmunk: I agree
oh well, stealth got his way unfortunately...gg t/mac, congrats
Hey guys, WOW thanks for the thread! Yeah I had observer chat off, I find all the talk too distracting.
Pretty much everyone is making fun of me for this deal lol...but I'm a 22 year old student in debt, what do you want from me? I agree Lobos could have helped me pressure him into giving us more...but he was pretty happy getting what he got. Anyway
PokerStars Game #5084690114: Tournament #24665512, $500+$30 Hold'em No Limit - Level XXI (5000/10000) - 2006/05/28 - 23:57:38 (ET)
Table '24665512 160' 9-max Seat #4 is the button
Seat 1: raphou (239341 in chips)
Seat 2: Tomthebomb32 (577654 in chips)
Seat 3: lobojiji (125296 in chips)
Seat 4: T_Mac (123726 in chips)
Seat 5: sacker (195838 in chips)
Seat 8: RandALLin (131307 in chips)
Seat 9: topnetplayer (413653 in chips)
raphou: posts the ante 500
Tomthebomb32: posts the ante 500
lobojiji: posts the ante 500
T_Mac: posts the ante 500
sacker: posts the ante 500
RandALLin: posts the ante 500
topnetplayer: posts the ante 500
sacker: posts small blind 5000
RandALLin: posts big blind 10000
*** HOLE CARDS ***
topnetplayer: calls 10000
raphou: folds
Tomthebomb32: folds
lobojiji: folds
T_Mac: raises 113226 to 123226 and is all-in
sacker: folds
RandALLin: folds
topnetplayer: calls 113226
T_Mac said, "five"
*** FLOP *** [2s Ac 2d]
RandALLin said, "ty"
RandALLin said, "wtf?"
T_Mac said, "3"
*** TURN *** [2s Ac 2d] [3h]
RandALLin said, "c c obv"
RandALLin said, "or that"
*** RIVER *** [2s Ac 2d 3h] [4d]
RandALLin said, "too obv"
*** SHOW DOWN ***
topnetplayer: shows [Ah Jh] (two pair, Aces and Deuces)
T_Mac: shows [5c 4c] (a straight, Ace to Five)
T_Mac said, "damn...ty lee"
T_Mac collected 264952 from pot
topnetplayer said, "hmmmmmmm"
*** SUMMARY ***
Total pot 264952 | Rake 0
Board [2s Ac 2d 3h 4d]
Seat 1: raphou folded before Flop (didn't bet)
Seat 2: Tomthebomb32 folded before Flop (didn't bet)
Seat 3: lobojiji folded before Flop (didn't bet)
Seat 4: T_Mac (button) showed [5c 4c] and won (264952) with a straight, Ace to Five
Seat 5: sacker (small blind) folded before Flop
Seat 8: RandALLin (big blind) folded before Flop
Seat 9: topnetplayer showed [Ah Jh] and lost with two pair, Aces and Deuces
yeah...huge suckout, but topnetplayer had been limp/folding all day. I did get very lucky in some pots, and I also played very well I believe.
Good payout, but dam, Im sure you should have been able to squeeze out his equity. You could have pressured him too since he was freerolling, and say you're on a freeroll + equity, the question is, do you want to lose a freeroll.
And MikeJ was too pushy. If Lee was there, he wouldn't let a deal like that slip by, he wouldn't give him more than equity thats for sure.
First of all, let me say that 100K for a tournament score is amazing, and I can't overemphasize how happy I am that one of our own managed it.
That being said, here's what the folks at RGP had to say about the final table deal:
Who's running this stars tourney? This stealth is an idiot. How can he win
more than first? 172k +30k still on the table?
Unreal what these other 2 excepted. I don't understand how you can make a deal
where a guy could win more than first place money?
That is what I want to know. How can anyone agree to a deal that pays him
more than if they just played it out?
First is $195,976.00 and he has a gargantuan chip lead, I guess.
Shouldn't matter. You shouldn't be able to make a deal that will pay you more
than first place money. Although, good for you if you do !
My last post suggesting it was a battle to get more for 3rd may be right.
Lobo settled for 3rd and 68k ( i think), and just won it. The 30k gave him
98k, the bracelet, and the TLB for the week.
Looked a sceamble to get mor 3rd place money, Tony. Good spot for Stealth
to be in.
I believe that lob has to win this to avoid a bad situation.
looks like +30k for lobo
Really doesn't matter know as he came in second.
Hello Tony and all of RGP,
I was actually monitoring the tournament. The deal was unusual in that it left
open the possibility for stealthmunk to win more than published first place
money. However, the deal did not violate any rules, and all of the players
agreed to it.
The art of the deal is one of many poker skills that a good player brings to the
table. At the player's request, I presented numbers based on standard chip chop
procedures. It’s not our policy to get involved in the negotiations; we simply
present information, let the players negotiate, and enforce the deal.
The players did not agree to the numbers I presented and came up with their own
deal.  In this case, stealthmunk managed to negotiate a very favorable
arrangement.  Since the players all agreed to it, as far as PokerStars is
concerned, the deal was fine.
Regards,
Mike Jones
PokerStars Poker Room Management Team
Mike,
  One of the things I like about Pokerstars is that they seem to go out of
their way to protect the customer, and they have the best customer service. That
being said, I don't know how it can be beneficial to allow the kind of deal that
was proposed last night. I don't think it is ever beneficial to allow any player
to take advantage of the stupidity or generousity of another player. Altough I
swear by the tournaments and customer service. I don't see how this is a good
thing. I like the freedom you give the players to negotiate deals, but I don't
think allowing someone to take advantage in that situation (for those amounts of
money) , is beneficial to promoting Pokerstars. That is just my opinion.
Now, that being said, most of these comments probably come from monkeys who have never even gotten close to a 100K score.
Yeah stealthmunk said on 2+2 that he would have gone to 165k no problem, and really he shouldnt get even that much. But the guy had all the leverage (all the chips) and lobos and him weren't budging And the fear of winning only 60k was strong in me...I knew I'd have to go allin against this guy several times in marginal spots.
And the fear of winning only 60k was strong in me...
And I was just perusing my hand history, and saw this
schwah [observer] said, "go tmac!!!!!!!!!!!!!!!"
all aces [observer] said, "he can't hear you"
all aces [observer] said, "but i agree"
out of curiosity, do you have to pay US taxes on these types of winnings? not sure if there is any withholding from the net amount that is paid to you by Stars? hopefully I will have this type of dilemma one of these days :-)
out of curiosity, do you have to pay US taxes on these types of winnings? not sure if there is any withholding from the net amount that is paid to you by Stars? hopefully I will have this type of dilemma one of these days :-)
PokerJAH
He shouldn't. In Canada, gaming winnings (winfall) are not taxable. And Stars is not an American company. They're on the Isle of Mann.
Besides, I suspect T-mac will have played through 30 or 40 grand of it by now
Great score man! Does this mean you're hosting the BBQ to celebrate?
Comments
They give the chip leader a complete freeroll. He gets greater than 2nd place money for finishing 2nd or 3rd, and greater than 1st place money for finishing 1st.
The chip count method is severely flawed when there are one or more extreme (either big or small) stacks.
ScottyZ
that dude is hilarious...and it seems to be working lol
yes, awful, awful offers so far
StaffMikeJ [Support]: stealth will receive $170,000
StaffMikeJ [Support]: lobo will receive $85,411.71
StaffMikeJ [Support]: T_Mac will receive $99,204.29
T_Mac: agree
stealthmunk: I agree
oh well, stealth got his way unfortunately...gg t/mac, congrats
PS I still think Lobo blew the deal talk!
Wow, NH! I'd probably end up finishing around 1,894th myself.
Seriously though, nice going T_Mac and congrats!
ScottyZ
C'mon
I used to be a big fan.
In grade nine.
Sorry Scotty... couldn't resist.
Pretty much everyone is making fun of me for this deal lol...but I'm a 22 year old student in debt, what do you want from me? I agree Lobos could have helped me pressure him into giving us more...but he was pretty happy getting what he got. Anyway
100k
yeah...huge suckout, but topnetplayer had been limp/folding all day. I did get very lucky in some pots, and I also played very well I believe.
GG man, more money than I've made in my 3 years of playing poker.
And MikeJ was too pushy. If Lee was there, he wouldn't let a deal like that slip by, he wouldn't give him more than equity thats for sure.
Yes...but they're probably all .50/1.00 grinders like me, so to hell with'em! Well done!
That being said, here's what the folks at RGP had to say about the final table deal:
Now, that being said, most of these comments probably come from monkeys who have never even gotten close to a 100K score.
Nice job T_Mac.
Anyway, WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
LOL. That sums it up. Nice job man.
And I was just perusing my hand history, and saw this
schwah [observer] said, "go tmac!!!!!!!!!!!!!!!"
all aces [observer] said, "he can't hear you"
all aces [observer] said, "but i agree"
PokerJAH
He shouldn't. In Canada, gaming winnings (winfall) are not taxable. And Stars is not an American company. They're on the Isle of Mann.
Besides, I suspect T-mac will have played through 30 or 40 grand of it by now
Great score man! Does this mean you're hosting the BBQ to celebrate?