Dublin Student Poker Championship

evilbert

The 1st ever Dublin Student Poker Championship will take place on Wednesday 9th February in the Gresham Hotel, O'Connell St.

Tickets are priced at €20 and will be available next week from The Trinity Cards Society in Trinity College. The Prize Fund is estimated to be above €3000. It will be a 270 man tournament making it the largest tournament to date in the UK or Ireland.

The event is being organised by The Trinty Cards Society but will include players from all of Dublin's major Universities & Colleges. However, tickets are not restricted purely to students...ANYONE MAY COMPETE!

The Event is being sponsored by vcstudentpoker.com and poker.ie so there will be plenty of goodies for participants. The Winner will recieve as well as prize money, a €275 buy-in to VCpoker's first Irish tournament to be announced soon, and also a seat at the VC Student Poker grand final in London with a £25,000 prize pool.

For more information contact cards@csc.tcd.ie

Skitbra

Why is it called Dublin Student Poker Championship if anyone can enter. Would it not make sense for a student society to run a competition for just students? As the places are also limited and could be sold out probably a few times over by just students why open it up to others?

delrodge

evilbert wrote:

Tickets are priced at €20 and will be available next week from The Trinity Cards Society in Trinity College. The Prize Fund is estimated to be above €3000. It will be a 270 man tournament making it the largest tournament to date in the UK or Ireland.

The Event is being sponsored by vcstudentpoker.com and poker.ie so there will be plenty of goodies for participants. The Winner will recieve as well as prize money, a €275 buy-in to VCpoker's first Irish tournament to be announced soon, and also a seat at the VC Student Poker grand final in London with a £25,000 prize pool.

So the trinity card club will be taking 2000 or more from the prize fund (assuming it's not a rebuy tournament, in which case it'll be atrocious value!)?
I'm estimating this as roughly a 13+7 tournament, sounds like ridiculously bad value, another incidence of a college card society creaming a ludicrously large amount off the prize pool for their own nefarious doings? FOR SHAME I say. college societies are not profit making organisations let alone extortionate ones.

gerire

If there is a skim off the pool. Why are there sponsors as well, I thought sponsors added to the fund at the end of a tournie?

johnor

maybe there is money for places too.....id still be interested, 20 quid is a nice amount..not too much loss there

MrPudding

delrodge wrote:

So the trinity card club will be taking 2000 or more from the prize fund (assuming it's not a rebuy tournament, in which case it'll be atrocious value!)?
I'm estimating this as roughly a 13+7 tournament, sounds like ridiculously bad value, another incidence of a college card society creaming a ludicrously large amount off the prize pool for their own nefarious doings? FOR SHAME I say. college societies are not profit making organisations let alone extortionate ones.

Yeah, shame on them for trying to make money. I am sure there are no costs at all for what they are trying to do and by God they should not be compensated for their own time.

These things do not organise themselves. I am presuming you have not tried to organise such an event yourself as you obviously have no idea how hassle and time is involved. Luckily, as you live in a free society you have the option of not going to the fcuking thing. I have nothing to do with this tournament but I am sure there will not be many sad faces if you excercise this option.

IF you want something for nothing go round to your ma's for sunday dinner.

MrP

DeVore

The prize fund is usually the total split out between the players.
usually first gets about 45% so the prize breakdown would be something like
1350
700
350
250
150
100
50
50

Your "risk" is 20 (I'm presuming no rebuys) and your possible reward is 1350 about 1:68
not good odds for a 1:270 shot. You'd want to really fancy your abilities to consider yourself considerably better then 3/4 of the attendees...

DeV.

Spiritus

MrPudding wrote:

IF you want something for nothing go round to your ma's for sunday dinner.

MrP

LOL

delrodge

MrPudding wrote:

Yeah, shame on them for trying to make money. I am sure there are no costs at all for what they are trying to do and by God they should not be compensated for their own time.

The costs for this will be miniscule compared to what they will be making espcially since the trinity CSC-(central societies committee) will most likely refund them the cost of renting the hotel. So what they are taking is all profit.
[Quote}
These things do not organise themselves. I am presuming you have not tried to organise such an event yourself as you obviously have no idea how hassle and time is involved.
[/Quote]
Afraid you're completely wrong here, I am the auditor of a college society and have every idea how much hassle and time is involved. Yet i don't feel the need to screw my over my society members.

Luckily, as you live in a free society you have the option of not going to the fcuking thing. I have nothing to do with this tournament but I am sure there will not be many sad faces if you excercise this option.

Nice of you to be pointlessly aggressive here, trolling perhaps?

IF you want something for nothing go round to your ma's for sunday dinner.

MrP

Funny :-) pretty much the only good thing about your post.

Hectorjelly

DeVore wrote:

Your "risk" is 20 (I'm presuming no rebuys) and your possible reward is 1350 about 1:68
not good odds for a 1:270 shot. You'd want to really fancy your abilities to consider yourself considerably better then 3/4 of the attendees...

DeV.

If this payment structure is right, or nearly right, then as Dev says its a bad deal. However its not a 1:270 for 1:68, its a totallly different figure. Anyone see why?

MrPudding

delrodge wrote:

Funny :-) pretty much the only good thing about your post.

Thank you, I liked it.

The point I was trying to make is perhaps we should wait for an explaination before jumping to the "robbing poor students" conclusion.

The fact that you are willing to give up your time for free does not mean you should hold everyone to the same standard. It is admirable that you do your work for free but I feel if a person is spending time organsing something like this, there ia a surprising amount of work in getting a poker tournie together, they should be entitled to cover their own costs. This should include their time. Of course if the UNI has a rule against this then that is different.

Anyway, whatever our thoughts are on the subject there isn't really enough info provided. hopefully the organisers will get back on and provide us with the info we need.

MrP

MrPudding

Hectorjelly wrote:

...... Anyone see why?

Oh, oh, me me me.

He forgot to factor in the free hookers and fluffers at the final table?

MrP

JuliusFranco

Hectorjelly wrote:

If this payment structure is right, or nearly right, then as Dev says its a bad deal. However its not a 1:270 for 1:68, its a totallly different figure. Anyone see why?

it actually EV of €11.11 for a €20 buy in (assuming prize pool of €3000, 270 players)

I got there first!!!
can I have a gold star please

Happy Camper

Is it because you can finish "not 1st", and still make money?

I think it is.

Mike.

Hectorjelly

JuliusFranco wrote:

it actually EV of €11.11 for a €20 buy in (assuming prize pool of €3000, 270 players)

I got there first!!!
can I have a gold star please

You get a silver star for being very clever but not answering the question

Hectorjelly

Happy Camper wrote:

Is it because you can finish "not 1st", and still make money?

I think it is.

Mike.

Gold star!

evilbert

First of all let me clarify the Student/non Student thing....

It will solely be a student event.Tickets will be sold exclusively to students at colleges around Dublin. There may however be a limited number of tickets available on the door.

I apologise for any confusion caused earlier.

evilbert

I'd like to thank Mr.Pudding for jumping to my defence as the internet crashed on me.

yes, when you factor in the cost of the hotel, cost of printing & designing posters, cost of security for the night, bar extension, food in the hotel, tickets, man hours put into the event, any money left over to be split between about 5 student societies then each organisation stands to make very little.

We are not running this event as a money maker but rather want to see the dublin student poker scene built up & made into something special. We feel that this can be a great event worth doing annually.

As regards the €3000 prize fund this is an early estimate & is set to rise when all costs have been covered, this is just a cautious initial estimate.

As far as the distribution of prizes goes, this hasn't been finalised yet but definately will stretch much further than the top table as was suggested is someone's post.

The suggestion that we'll get the hotel paid for from Trinty CSC is false as we applied to do this earlier in the year & were rejected (had we got it the prize fund would be higher). besides this we've spent all the money we've been allocated for this year.

Davey Devil

It seems very top heavy if you are expecting a field of 270 people. The winner gets a good chunk of the money - fair enough but also gets 2 tickets to further tournaments?

Presuming you get a full field of 270, what is the planned payout structure?

Can you also tell me what the starting stacks are, is there rebuys/top-ups, and the lenght of the levels?

One last question, will there be dealers?

evilbert

As I said the prize fund will be distributed quite equitably. The reason the winner get the 2 tickets is just because of the sponsorship...clearly Victor |Chandler wouldn't want whoever came 2nd to get the tickets or a ticket as then they'd look like a 2nd rate company...it makes sense.


The payout structure hasn't been devised yet but once it is,it will be posted here.

starting stacks are most likely to be to the value of 1500 in the form 25 x 4, 100 x 4, 500 x 2. as with all our other tournaments.

Players will deal themselves.

As a student event priced at €20 we don't think top-ups & re-buys will be much of a feature at all.

Lafortezza

270 x 20 = 5400.
Prize fund "estimated to be above €3000. Call it €3200.

evilbert wrote:

when you factor in the cost of the hotel, cost of printing & designing posters, cost of security for the night, bar extension, food in the hotel, tickets, man hours put into the event,

I'm not going to question how the numbers add up but it sounds weird to me.
You're getting big sponsorship from VC, extra prizes but surely they are contributing cash towards running costs? I.e. promotions, posters, flyers, etc.

Just seems a bit unusual that of the €5400 in entry fees, people can only win less than 60% of it.

Still though, any more info you can tell us would be much appreciated. Is it 100% students only? Or can graduates play? Buy tickets at the door?

evilbert

VC Poker couldn't give us huge sponsorship as they're about to launch their own poker tournaments in ireland in the next few months. i got all i could off them but they're not contributing to costs nor are poker.ie, just giving prixes to players.

It's a student only event undergrads & postgrads.there may be a limited number of tickets on the door.

Hectorjelly

This is my feeling on the subject. A €20 tournament should be a €20 tournament, with the full fee going to the prize pool. Now obviously there are costs involved, but thats why there is a registration fee, but its clearly denoted how much this is. So its a €20 + €3 tournament, and so on. Every player that enters must mean an extra €20 in the prize pool, this means no free entries. If there are a large amount of costs, or some € are going to charity then this must be made clear, like the tournament Tom organised before christmas.

If as has been implied the registration fee is 30%, this is way too high. No matter how good you are, playing this tournament is - EV. Daniel Negenu could not make a profit playing mtts with that much juice. Its also shady not to make this clear.

Spiritus

MrPudding wrote:

Oh, oh, me me me.

He forgot to factor in the free hookers and fluffers at the final table?

MrP

I would like to subscribe to your magazine. Oh wait, is this a maths question?

footoes

Evidently the TCD Cards Society have taken it upon themselves to completely ignore everything that has been said in this thread. Posters* for the "Dublin Student Poker Championship" are up around TCD at the moment and here's what they're advertising:

20 Euro buy-in

3000 Euro prize fund

--> Not 11.11 Euro + 8.89 Euro registration.

Thanks for misleading hundreds of students guys!

Regrading the "costs" involved:

evilbert wrote:

...when you factor in the cost of Hotel

- Wonder how much that is... care to tell?

cost of printing

- The posters are sponsored by "Reads of Nassau Street". Wonder how much they cost...

...& designing posters

- hmm... Who exactly did you pay to design the posters? You're P.R.O. officer perhaps? If so you should get the money back because all he did was google the word "Vegas" or perhaps "casino", inserted a relevent picture into an MSWord document and typed some words over it. Oh wait, student societies aren't allowed to pay their officers... forgot about that.

cost of security for the night

- Ooohh sounds all safe and brilliant... Wonder how much that is...

bar extension

- For the losers i assume... Wonder how much that is...

food in the hotel

- Can't argue with finger food... Wonder how much that is...

tickets

- Reads sponsor this too? Wonder how much that is...

man hours put into the event

- WOW hang on there for a second. It is 100% against CSC rules to pay your committiee members in any way, shape or form!

any money left over to be split between about 5 student societies then each organisation stands to make very little.

They SHOULD stand to make zero.

evilbert wrote:

We are not running this event as a money maker but rather want to see the dublin student poker scene built up & made into something special. We feel that this can be a great event worth doing annually.

Hopefully you'll see the light on the night and have a proper prize fund with a proper payout. Unfortunately i can't see the TCD Cards Society keeping their grubby mits off the player's prize pool.

Skitbra

Someone is very bitter.

Does is say when and where the tickets can be bought?

footoes

Skitbra wrote:

Someone is very bitter.

Can you believe i actually tryed to keep my bitter levels as low as possible.

Does is say when and where the tickets can be bought?

I don't recall, perhaps due to the fact i have no intention of attending. ZING!

That was bitter, i'm sorry.

peeko

I agree with Hector on this.... But alas our opinions mean nothing now! I would consider playing as it would be a bit of crack, and I haven't played in many big touranments, and I love to play, but if I won, I'd still be feeling ripped off!

Will probably be a lot of loose players though

Iago

anyone who willingly plays in this will be ripe for the taking. You'ld have to have no grasp of basic mathematics never mind what's +EV to consider entering this tournament. I can see it now, all-in on any PP or Axs....

I'd fit right in

DeVore

Apparently the recent tournie in Kilcock was similarly light on prizes... They took in about 35,000 and paid out 10,000. Nice money if you can separate it from the fool currently holding it.

DeV.

krattapopov

DeVore wrote:

Apparently the recent tournie in Kilcock was similarly light on prizes... They took in about 35,000 and paid out 10,000. Nice money if you can separate it from the fool currently holding it.

DeV.

someone should report that to the guards