Hi All
I don't post very often in the community, so please don't shoot me down in flames.
What are people's opinions on Sky reducing the buy in to the main event each night. I noticed that last night the roller smashed the guarantee as i beleive that most mains normally do (except maybe when the sun is shining).
Reducing the buy ins would hopefully allow more people to enter the mains which in turn would then allow the guarantee's to be increased. It would also allow sats to have more seats guaranteed thus increasing the people playing the main events.
Reducing the buy ins may also increase the number of people playing on site which will increase liquidity in other areas of the site.
thanks
Paul
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Comments
Like Don says if they're busting guarantees on a 'slow' night, it suggests the buyin levels aren't too high.
It would be a big u-turn on Sky's part, but I think the OP is correct.
Lets take The Primo as an example. This is the site's flagship Sunday evening event. Three years ago (before late registration and the jackpot were introduced) it was a fantastic tournament, there would be at least 500 entrants battling it out each Sunday. Nowadays it's just a shadow of it's former self; numbers have dropped by about 60%, it struggles to attract the 200 runners needed to meet the guarantee.
Why? Would it be because the buy-in was controversially increased by 66% from £33 to £55?
I know my opinion won't be popular with the small but vocal group here who always call for higher buy-ins, but most of Sky's customer base are recreational players who don't want to play at high stakes. The big push to increase buy-ins to please that small group was a mistake. The Minis are now the real Main Events, that's where those 500+ runners are now found each evening.
There are signs Sky have realised this lately. The failing £33 Double Stack, which was in a downward spiral running with overlay most weeks and with an ever decreasing guarantee, has been recently replaced by a Turbo event that attracts a much bigger field and a prize-pool just as big. The buy-in is only £11. Also the Rewards loyalty program has been tweaked in favour of the lower stakes recreational players at the expense of high-rollers.
When was the last time you heard that old mantra that always used to be wheeled out when Sky were criticised here;
'Well, numbers are up'?
The primo used to be £15k GTD £33 BI......and regularly got 500+ runners. 500 x £3 rake = £1500. 200 x £5 rake (which is the ave runners nowadays) = £1000. So surely this a lose/lose situation?????
If you just look at number of entries it is quite irrelevant really. Halving the buyin and doubling the number of runners changes absolutely nothing. Prize pool is the same and rake is the same. Ther has to be a significant change to make this even a sensible option. Like halving the buy in to get treble the runners.
Plus the other factor that noone seems to be considering is the restraints the current buy ins puts on the tournament.
Let us say for example You slash the buyins for these tournaments and get a massive increase in runners for the first time. The numbers will drop off rapidly because this will cause the tournaments to finish a lot later. Now people will be looking and saying i like the tourny and entry fee but i have work in the morning and it wont finish til 3 am. Really large fields have this effect.
The turbo main on a tuesday is very popular because it finishes at a good time and has the tv time connected with it. Once these aspects start to disappear the appeal of the tournies starts to disappear as well.
So for me they want to increase the fields for these events but there needs to be a point where you dont want it to go past or you will push people away from it. Dont know how this helps the original question one way or the other but thought it was something to think about