Dublin Student Poker Championship

MadsL

It will be a 270 man tournament making it the largest tournament to date in the UK or Ireland.

Err, the record is well over 300 players some years back at Punchestown.

Davey Devil

According to poker.ie there is re-buys/top-ups at this event, even though the organiser states earlier in this thread that there was going to be no re-buys. The plot thickens.


http://www.poker.ie/index.php?option=com_events&Itemid=93&task=view_detail&agid=18

poker.ie wrote:

Date : Wednesday 9th February
Venue : The Gresham Hotel, Dublin
Game : No Limit Texas Hold 'Em
Buy In : 20euros with re-buys/top ups
Prize Pool : Minimum 3,000euro +$500 and extras (see below)

evilbert

Footoes is basically wrong in everything he says and here's why.

9 euro registration fee - Thats assuming the prize fund stays at 3000 which it most likely won't. We have to start it small because we can't guarantee anything higher before the night. If we guarantee 5000 and only get 4000 then some character like footoes here would probably have something to say about it.

The value may not be as good as casinos but then this is a student event for students. We have costs they don't.

Find me a hotel that seats 270 people for under 1900 euro and i'll be very surprised.

Sponsored posters. we get half price posters for 50 cent each. Gimme a rough estimate of how much you think we need bearing in mind DIT DBS DCU and other colleges need them too.

The P.r.o has never been paid since the society began. We're probably the best advertised society in college with the resources we have.

We have to pay for a bar extension. Otherwise we have to finnish by twelve.

We Have to pay for food otherwise we can't get a bar extension.

The comitee don' take a penny of this money and i'm pretty sure you can ask for our bank account details from the college afterwards.

Footoes. Start thinking realistically about running a student event and don't bother wasting our time.

For everyone else ticket are on sale in trinity arts block from monday between 1 and 2.

Davey Devil

You never answered my question, is it a re-buy event or is it not? Also it doesn't say what time in the event starts at in your origional post. I ask that not because I'm going to play, I'm just interested on how your going to get a 270 man tourney finsihed in time.

Fantastopotamus

This will be a rebuy and top-up tournament and the prize fund will rise accordingly.
The event will start at seven P.M sharp so all should be there at about six.
Rebuys will last for an hour or 90 minutes with the blinds raising at in tervals of twenty or thirty minutes as in casinos.

evilbert

tickets are on sale everyday this week between 1 and 2 in the Arts Block & Hamilton buildings in Trinity College

johnor

how much are the tickets??

nevermind i presume the 9 yoyo price still stands.....

DeVore

9 euro registration fee - Thats assuming the prize fund stays at 3000 which it most likely won't. We have to start it small because we can't guarantee anything higher before the night. If we guarantee 5000 and only get 4000 then some character like footoes here would probably have something to say about it.

Actually to be fair, thats the whole POINT of the guarunteed prize events. That you guaruntee the players who travel a prize worth playing for while also encouraging other players to come and play. Thats a risk to you, yes but if you dont want that risk, dont guaruntee the fund, cos guarunteeing something tiny makes it sound like you are retricting it to that. There have been a LOT of heavily creamed tournies lately, the worst being Kilcock by the sounds of it. 36,000+ taken in and only 10K given out.

How much of the entry free is reg and how much is for the prize fund?

DeV.

cormie

It's not all about the odds though. Sure, you can find better value tournaments then this as first stated. But there are also great prizes been given away which add to the prize fund. €3,000 is the minimum that will be given out. There will also be $500 of online money to be won and not forgetting the VC prizes too. This all adds up. Special Days are also contributing great prizes too.

I remember the first (and only) poker.ie tournament. Luke (lafforteza) will tell you about it. He has said he really enjoyed it. There were about 30 people at it. The prize pool didn't reflect the buy in/amount of players. We did profit, but everyone still had a great time. Luke may not be so keen on such a tournament these days. This is because he has the opportunity to play in a Casino whenever he wants. Casinos give much better odds regarding prize pool/reg.

It's €20 to be part of a 270 man tournament. If this happened back in the day, I'm almost certain everyone on boards would be very excited and everyone who could make it, would go. As it has turned out, over the past 2 years or so allot of us have become more familiar with tournament styles, buy-ins etc. Bert has explained costs fairly. You have a choice of going or not. And you also have the chance to be crowned Dublin Student Poker Champion! Imagine the pride

DeVore

To be fair I dont feel like Evilbert has explained anything in his post except why Footoes is wrong. He didnt actually tell us the RIGHT answer.

20 euro rebuy tournie means that you can expect each player to pay 20 in, rebuy on average once and topup (I presume there is a top up if there are rebuys) . 60 a man so.... thats nearly 16000+

Now, I appreciate you have some costs but I'd like to know what I'm playing for BEFORE I sit down to play. I've run these things before myself (and been hauled over the coals to account for just a 150 notes as I recall) so I know whats involved. I'm just not happy to get to the end of the night, preferably as winner , and then for someone to "decide" how much I've won.

There are other questions I have, like how many will you be paying? Will it be self-dealt (I presume so). Who is going to be Tournament Director and do they know their arse from their elbow. Whats the reg and will the entire rest and the rebuys ALL be going to the fund? How much is likely to have to come from the fund to pay for the costs (you must have a reasonable idea of that at the moment, that at least gives everyone a rough guide to what they can expect).

DeV.

Fantastopotamus

Dev is fair enough in what he's saying and we fully understand why people may be worried about our prize fund. We can garauntee the money for everyone who has bought a ticket of whom there have been many so far.
However we cannot come up with a solid figure by which to raise the prize fund. Student events of this size have never been run. We certainly do not expect each player to spend 60 euro. 25 to 30 euro each would be optimistic in our eyes. This is not a casino event. Twenty euro is alot to a student and forty is an awful lot.
We haven't selected an event organiser yet though you can be sure we know our stuff. Dealers won't be provided until the last few tables and the prize fund is expected to span over the last two tables.

Lafortezza

You should also post up a list of the tournament rules, regarding blinds, tournament structure, special rules, if there's a ruling needed, etc.

DapperGent

Fantastopotamus wrote:

However we cannot come up with a solid figure by which to raise the prize fund. Student events of this size have never been run. We certainly do not expect each player to spend 60 euro. 25 to 30 euro each would be optimistic in our eyes. This is not a casino event. Twenty euro is alot to a student and forty is an awful lot.

This is why you absolutely cannot and should not guarantee a certain prize fund.

Online Casinos can do it becuase they would have enough stats on a given event to know their ballpark and will know that they cannot go broke. Brick and mortar casinos do it quite rarely from what I've seen, because a safe guaranteed prize fund is often ridiculously low.

Guarnateeing a prize fund for a once off event is complete madness. What happens if you don't get enough people to even generate 3k and pay your costs? Do you have €3000?

I really think what you're trying to do is cool and ambitious but you're simply not in a position to guarantee an prize fund.

RasTa

DapperGent wrote:

Guarnateeing a prize fund for a once off event is complete madness. What happens if you don't get enough people to even generate 3k and pay your costs? Do you have €3000?

Good point, i might buy 2 tickets for friday but i want to know the prize fund before i do ?

evilbert

The prize fund will be at least €3000. This is the risk we have taken on and we are prepared to cover it. i fully agree that guaranteed prize funds can be a problem but at the same time if you don't guarantee something, you won't generate interest or sell tickets.

DeVore

If you guaruntee something small you wont get the interest either. It would be better if you said "our costs are estimated to run to 1500, beyond that the prize fund will consist of all buy ins and rebuys minus that amount approximately. It will be paid in the following ratio:
1st: 42%
2nd: 22%
3rd: 12%
etc
etc
etc"


After that I can do my own maths.Cos right now it looks like I'm paying 60 Euro (likely spend) to win something about the 1500 mark but have to play through 270 players to get there. I too admire your moxy, this is just a bit of advice from someone who's been there!

DeV.

evilbert

That's all welland good DeVore but how do you suppose we fit all that onto a poster?

I've drawn up a draft prize payout structure & once i show it to our committee & everyone agrees on it, i'll post it here.


Again if anyone wants tickets e-mail cards@csc.tcd.ie

Dub13

Just a quick question....say a non student was to win it would they still be sent to the VC Student Poker grand final in London,if so it would be funny if a 60 year old was to win it.

jem

I have never played in one of these before but will be playing in this one. I wouldn't mind winning €1500 for a payout of circa €60 this is a 2400% profit. I will admit the crew of us that are heading up are "dead money" but we don't care to be honest, to us it is all about playing the game and having some fun. I would expect that the vast majority of players will also be in this position.
Best of luck in the event and I hope you do make money for your society, I am sure a lot of work will go into the organising of it.

Davey Devil

Haha, funny post.

jem

I was serious

Davey Devil

Then it's even funnier.

DapperGent

Don't tap glass.

DeVore

yeah, thats pretty funny... I do play with mates for fun, lots of crack to be had but not in a huge MTT where the ratio of players to payout makes it lunacy to play.

In case it hadnt occured to you, quite a number of us here play for cash rather then just for fun so, with the wealth of tournies to pick from, we're obviously going to look for the best bang for buck. If the numbers quoted here turn out to be true then its not good value at all (270*60 =16,000 from which you are winning 1,500... still feel happy?) and a borderline ripoff.

But lets give evilbert the benefit of the doubt, everything could be above board and kosher, time will tell.

DeV.

Shortstack

Forgive me for my ignorance, but it is not illegal to take a rake from an event unless it is done within the confines of a private members club ? I can understand them getting away with it if all the entrants are members of the student union, but if they are letting in ordinary punters off the street could this not result in a visit from your friendly local policeman ? If this is not the case I would been keen to know how you are getting round it.

jem

Shortstack wrote:

Forgive me for my ignorance, but it is not illegal to take a rake from an event unless it is done within the confines of a private members club ? I can understand them getting away with it if all the entrants are members of the student union, but if they are letting in ordinary punters off the street could this not result in a visit from your friendly local policeman ? If this is not the case I would been keen to know how you are getting round it.

I would assume that is what the "membership fee" is for.

DeVore

Even still you cannot rake pots. You can change a reg fee but not rake pots the way the casinos do in cash games.

DeV.

Shortstack

jem wrote:

I would assume that is what the "membership fee" is for.

Sorry I didn't see a membership fee quoted. is this on top of the money coming out to cover costs ?

Fantastopotamus

The registration fee is going to be two euro. Seeing as the overwhelming majority of people playing are already members and students it will have minimal effect on the prize fund.
Secondly this tournament won't be as bad for your money as everyone makes it out to be. You're playin against students who rarely play and know even less about good hands. Sit on your stack and wait for a big hand. They'll call anything.
Thirdly. The revenues are not going to add to €16000 as devore thinks. Jem said he'd play for €60 but the people that have bought tickets are barely willing to part with twenty. For every Jem there's five people that'll leave as soon as they're knocked out.

Dub13

I mite pop in....many tickets left...?