A Real Pub Tournament

carfax

Looking for feedback on this idea......

Qualifiers running through the year, all over the world and online.

Main event is a €5,000 buy-in (plus €500 registration).

1st prize is a pub/restaurant in Dundalk, Co. Louth valued at €2 million today but is located in an area of Dundalk which is undergoing a revamp and expected value within the next two years is €3-€3.5 million. Official valuations will be available to all interested players.

The tournament itself will be played over minimum two days with the most reasonably playable structure possible.

Any pub that qualifies the winner will receive €50,000 in cash and the winner him/herself will receive an extra €20,000 in cash.

The pub is guaranteed to the winner subject to 350 players taking part.

Any prize-money in excess of €2mil will be distributed to the 2nd 3rd 4th place finishers etc.

We're aiming this at pub players, publicans and business owners that might want to make a real investment.

Do you think poker players or business people in general will play a €100 qualifier for this?...Its basically a winner take all main event.

Email stephen@pokerireland.ie if you would like more info.

Einstein

he he...interesting...depends if the pub is making money...dunno know if i'd wanna win a business thats goin down the swanny

intersting idea though!

kakak1

don't think so Stephen.

Many tournaments around for a €5,000 + €500 buy in with a €2m pay out, OK not in Ireland.

But given the choice of winning €2m cash or a Pub in Dundalk worth "supposedly" €2m I'll take the cash please.

blackbeard

get off the drugs maaaan!

carfax

Cheers for the feedback lads.

We've been asked to run this tournament so need to hear as many opinions as possible.

I realise the appeal of cash over a bar/restaurant but I think that when we are able to relay more information about the business there might be some genuine interest.

I know lots of people always say that they would love to own a pub, I'm just wondering if they would be willing to follow through on it and invest €100 to win €5,500 and then invest that again.

hf4z6sqo7vjngi

ste do not want to be doom and gloom but i cannot see this working.

sumoward

The Novelty value with make it marketable. Getting the level involvement you need to make such a competition viable however could be uphill work.


Winning an "Irish Pub" could go down well in certain countries. just dont explain what Dundalk is like.:eek:

I assume you you considered contacting Irish pubs in other countries in regards to participation.

phantom_lord

i really can't see u getting enough people for this to work. the amounts of sats you'd have to organise would be immense since i doubt anyone would really be interested in coughing up 5.5k for it.

kakak1

If it's value at €2m, and is worth €2m, surely from the owners perspective the easiest option is to put it up for auction

BIG-SLICK-POKER

carfax wrote:

Looking for feedback on this idea......

1st prize is a pub/restaurant in Dundalk, Co. Louth valued at €2 million today but is located in an area of Dundalk which is undergoing a revamp and expected value within the next two years is €3-€3.5 million. Official valuations will be available to all interested players.

Email stephen@pokerireland.ie if you would like more info.

The Pub looks a bit upmarket for DundalkSteven:D

bops

your biggest problem in getting 50+ runners to pay a 100+ in a pub tourney - i'd play but im odd! - not a snowballs chance in hell getting those numbers

50 quid x 20+ runners is possible, but that gives you a field of 2000 runners for 1 prize :eek:

quack quack bang!!

carfax

lol, to a few of the above posts.

Cheers for the feedback lads.

I had to ask, and the answer is as expected.

See you all at the IPO (or at Luke's tomorrow night).