Seems to me like this is one of those situations where the giving of too much information causes the problem.
The figures they quote in the prizepool are accurate but only at that time and subject to change. I can see how this can be confusing and it does need to be clearly stated they will change until the final number of entries is known.
A lot of things work this way. One of the reason that things like the lottery do not give running updates on the payouts. It would cause the same type of confusion.
But i think you should focus on having fun at the tables first and potential winnings afterwards. Will make your play here better for you.
pokernoon you raise a decent point and I can see how this could be confusing/misleading for new players. I myself remember being really disappointed when I first started playing, having reg'd for a tourney saw a big juicy top prize and then when the tournament had actually kicked off the amount was halved. I now understand why this happens but it would be good if there was a way to prevent this disappointment for new players.
Could always put up "typical payout percentages/numbers" then change to actual amounts a hour (or whatever) before tournament kicks off. How difficult this would be to implement software-wise I don't know but would certainly be one way round it.
Also adding about the raffle ticket scenario, isn't the lottery just a raffle ticket and the prize payouts are based on the number of entrants and not a set amount as the lottery jackpot each weeks is different as are all the other payouts except 3 numbers which is a set amount, so it all depends on the raffle you enter.
If fact most money raffle prizes are based on tickets sold rather than a set amount. If selling tickets at £1 each you couldn't offer a £1000 first prize if you couldn't guarantee you would sell over 1000 tickets.
Now a raffle for a holiday or non money prize you wouldn't be able to change but are taking the risk that you have to sell enough tickets to cover the cost, anything over that is a bonus.
Its always made me wonder how the Lottery can advertise the Jackpot at , say, £4million when they don't how many people are going to buy a ticket. Posted by VespaPX
The quoted jackpot, unless a special one is always an estimate.
I don't think the OP is arguing for it to be top 9 paid, just that he should see an example of various different payout structures for various different field sizes. Tbh, this would just be a waste of time though, MEs on Sky ARE going to meet their guarantee or on rare occasions get very very close to it. I'd suggest not even bothering looking in the lobby way before the event because the payouts shown are completely meaningless. If you were the 1st player to reg it would just show 1st = £25,000 but it would be rather silly to think that would be accurate. Best thing you can do for MEs on Sky to get a rough idea is to divide the guarantee by the amount each player puts in the prizepool and go from there, so for example.... £25,000 guaranteed BH tonight.... £25k divided by £30 (cos £3 is rake) = Expect about 833 runners minimum. On the basis of 833 runners, expect 80-85 players to get paid (10%) Expect 1st prize to be £6000 ish (about 25%). =================================================== Personally I think the field will be closer to 900, with 90ish paid and a 1st prize of about £6.5k but that's just an estimate from me. FWIW, a mincash in a decent sized field freezeout (like the Primo) is usually 2x the BI so £100 ish for the Primo. In a BH though, a mincash is usually around 1x the BI due to 50% of the prizepool being on heads so about £35 tonight. Posted by Lambert180
I think in this case, with the tourney being a bounty hunter, first place based on these numbers would be in the region of 3.25k + head prizes, as opposed to 6.5k for a freezeout, just to clarify for pokernoon so he doesn't get another dissapointment when he binks,
In Response to Re: Tournament prizes always change? : I think in this case, with the tourney being a bounty hunter, first place based on these numbers would be in the region of 3.25k + head prizes, as opposed to 6.5k for a freezeout, just to clarify for pokernoon so he doesn't get another dissapointment when he binks, GL ALL Posted by david666
I'm such a noob I actually had to look up what a 'bink' was.
I've no idea how anybody found anything out before the internet existed.
In Response to Re: Tournament prizes always change? : I'm such a noob I actually had to look up what a 'bink' was. I've no idea how anybody found anything out before the internet existed. Posted by PokerNoon
We'll have to get a sports trading thread going in Punters Corner in the near future. I can't recall there being many in the past and I'm sure it's something the guys in Punters Corner would be interested in.
Most of the guys who post in there are winning poker players too, so if you need any advice give one of us a shout.
A former SkyPoker reg, simuk, has been crushing sports trading these past couple of years after making the transition from poker.
It'll be good to get some interest going with someone who's had experince in it, like yourself.
In Response to Re: Tournament prizes always change? : We'll have to get a sports trading thread going in Punters Corner in the near future. I can't recall there being many in the past and I'm sure it's something the guys in Punters Corner would be interested in. Most of the guys who post in there are winning poker players too, so if you need any advice give one of us a shout. A former SkyPoker reg, simuk, has been crushing sports trading these past couple of years after making the transition from poker. It'll be good to get some interest going with someone who's had experince in it, like yourself. Posted by splashies
Sure, that sounds good to me.
I started playing poker as I wanted to diversify my income stream. So I set myself the target of playing 2000 hands per day minimum on advanced poker training, and I think I'm progressing nicely given the fact I'd never even played a month ago. Still not a winning player yet, but getting there. Qualifed for the tourney stated in this thread from a freeroll last week which I was pleased with. Also getting reasonably good at low level DYMs now, but still struggling with cash. I tend to build up a small amount over about an hour, then lose it all in one hand.
I hope it all makes sense now Pokernoon, many people have explained it better than my effort.
The Raffle Prize analogy is flawed, that is comparing apples & pears. Raffles have fixed, pre-determined prizes, & do not depend on how many tickets sold.
A poker Tournament is exactly like the National Lottery, Football Pools (remember them?) or the Tote Jackpot - the prizes are totally dependant upon number of tickets/entries sold.
Stick around, & it'll all drop into place soon enough.
If you want to know EXACTLY what you will win, & how many places paid, then Sky Poker - & every other Online Poker site - do that by offering SNG's. These have a fixed prize structure, as the precise Prize Pool is known in advance, as only x players - no more no less - can enter.
Incidentally, as a side issue........if you had asked this question on any other poker forum - & there are hundreds of them - you would not have had the sort of reception you got here, where everyone has been so helpful, & understood the issue. Not one person has been sarcy or rude, & that alone is a testament to the players here.
Hang around man, & enjoy your poker. The best thing about poker is the learning curve. I've been on the scene for half a lifetime, & I still learn new stuff every day.
I hope it all makes sense now Pokernoon, many people have explained it better than my effort. The Raffle Prize analogy is flawed, that is comparing apples & pears. Raffles have fixed, pre-determined prizes, & do not depend on how many tickets sold. A poker Tournament is exactly like the National Lottery, Football Pools (remember them?) or the Tote Jackpot - the prizes are totally dependant upon number of tickets/entries sold. Stick around, & it'll all drop into place soon enough. If you want to know EXACTLY what you will win, & how many places paid, then Sky Poker - & every other Online Poker site - do that by offering SNG's. These have a fixed prize structure, as the precise Prize Pool is known in advance, as only x players - no more no less - can enter. Incidentally, as a side issue........if you had asked this question on any other poker forum - & there are hundreds of them - you would not have had the sort of reception you got here, where everyone has been so helpful, & understood the issue. Not one person has been sarcy or rude, & that alone is a testament to the players here. Hang around man, & enjoy your poker. The best thing about poker is the learning curve. I've been on the scene for half a lifetime, & I still learn new stuff every day. Take care now, & run good at the tables. Posted by Tikay10
Cheers Tikay. I think I get it all now. I still think that it could be more clear in the tournament lobby, but for my own selfish purposes I'm quite happy with how it all works.
Appreciate the bit I've bolded above. I'm sure many who read my questions may have been tempted to roll their eyes, so...I'm grateful that they didn't.
In Response to Re: Tournament prizes always change? : Cheers Tikay. I think I get it all now. I still think that it could be more clear in the tournament lobby, but for my own selfish purposes I'm quite happy with how it all works. Appreciate the bit I've bolded above. I'm sure many who read my questions may have been tempted to roll their eyes, so...I'm grateful that they didn't. Posted by PokerNoon
Nope, because this is a bit special, this place.
Honestly, you'd have been ripped to shreds elsewhere. It was not always as nice here, either, but the mood of the place has changed a lot recently, & we have some really good folks here, incredibly supportive & helpful.
Poker NEEDS these sort of people, it really does. Sky Poker has them. It's almost a USP.
I hear you do a bit of Sports Betting, is that correct? What sort of stuff?
In Response to Re: Tournament prizes always change? : Nope, because this is a bit special, this place. Honestly, you'd have been ripped to shreds elsewhere. It was not always as nice here, either, but the mood of the place has changed a lot recently, & we have some really good folks here, incredibly supportive & helpful. Poker NEEDS these sort of people, it really does. Sky Poker has them. It's almost a USP. I hear you do a bit of Sports Betting, is that correct? What sort of stuff? Posted by Tikay10
Well it is appreciated.
Anyway..yes, I actually make my living from trading horses online. I also bet on test match cricket on occasion.
I don't know if you're familiar with Betfair, but on there you can make a lay bet as well as a back bet. A back bet is your normal 'I'm betting on this horse to win'. A lay bet is what the bookie normally does - betting on the horse NOT to win.
On Betfair you can back and lay. So I identify a horse that is going to steam in (where the price shortens) and then back it. I then wait for the price to shorten and lay it at the appropriate time to make a guaranteed profit before the race starts. Doesn't matter who wins, I get the same amount regardless.
Given that the horses only takes up about 3 hours of a day, I have a lot of free time, so I decided to learn poker.
I mentioned it in another thread, but I have a blog about my sports betting if you're interested Tikay - www.betfairtrading.co.uk. Feel free to use contact form on there if you want to chat to me in more detail about it all. What kind of betting are you involved in?
Comments
The figures they quote in the prizepool are accurate but only at that time and subject to change. I can see how this can be confusing and it does need to be clearly stated they will change until the final number of entries is known.
A lot of things work this way. One of the reason that things like the lottery do not give running updates on the payouts. It would cause the same type of confusion.
But i think you should focus on having fun at the tables first and potential winnings afterwards. Will make your play here better for you.
Could always put up "typical payout percentages/numbers" then change to actual amounts a hour (or whatever) before tournament kicks off. How difficult this would be to implement software-wise I don't know but would certainly be one way round it.
I hope it all makes sense now Pokernoon, many people have explained it better than my effort.
The Raffle Prize analogy is flawed, that is comparing apples & pears. Raffles have fixed, pre-determined prizes, & do not depend on how many tickets sold.
A poker Tournament is exactly like the National Lottery, Football Pools (remember them?) or the Tote Jackpot - the prizes are totally dependant upon number of tickets/entries sold.
Stick around, & it'll all drop into place soon enough.
If you want to know EXACTLY what you will win, & how many places paid, then Sky Poker - & every other Online Poker site - do that by offering SNG's. These have a fixed prize structure, as the precise Prize Pool is known in advance, as only x players - no more no less - can enter.
Incidentally, as a side issue........if you had asked this question on any other poker forum - & there are hundreds of them - you would not have had the sort of reception you got here, where everyone has been so helpful, & understood the issue. Not one person has been sarcy or rude, & that alone is a testament to the players here.
Hang around man, & enjoy your poker. The best thing about poker is the learning curve. I've been on the scene for half a lifetime, & I still learn new stuff every day.
Take care now, & run good at the tables.
Honestly, you'd have been ripped to shreds elsewhere. It was not always as nice here, either, but the mood of the place has changed a lot recently, & we have some really good folks here, incredibly supportive & helpful.
Poker NEEDS these sort of people, it really does. Sky Poker has them. It's almost a USP.
I hear you do a bit of Sports Betting, is that correct? What sort of stuff?