Buyin Discussion (Please Read)

[eejit101]

The current rules are as follows,,,,,

NDN is going to put up a set pool (undetermined as of yet) to be used each week by a set 10 players (the current top 10). Each week, these players will all get into a mid-to-large buyin game of NDN's choice. Any winnings will be split 50/50, half going to the winning player, half going to the pool! As the pool grows, there will be many more bonuses handed out, possibly more players given access to this pool, and more!

Ok, some random musings.....

1. a set pool works, or itll be never ending and could bankrupt everything.

2. The set players thing i dont agree with. Yes, i agree to putting 10 players into a set event, and being staked. While the top 10 are playing well in the NDNPT, this is a different kettle of fish. Your playing anything from $10-$30 buyins so far, and the game is significantly different to the freerolls and buyins we have. My suggestion is putting forward to top 5 players, inclube NDN, and pick 4 players from the forum who have proven results in higher limit buyins. None of this is trying to include myself, this is aimed more at getting the best possible chance we have at making money, so using the best bigger money players as assets would work. So please dont take offence anyone who isnt in the top 5, as hell, im not!

3. The rules for repaying money wont work. Say we play a $20 buyin, with 1000 players. Thats 10 buyins at $20 = $200. Now with 10 people, one of us should cash, as with 10% of the field paid, thats simple odds. Now, an average cash will not be sufficient to return the money won to the pool and more. This is where the rules need changing. FOr example, any player who cashes must pay back the money sent to them to play in the tourney. Then from there you send back 50% of winnings OVER the origional staking. This will get more money bacnk into the pool.

4. The games we are playing have been on paradise, this is a decent choice for a site. We cant play at AP, as to transfer you need to have over $35 in your account, so if you win and dont have that, transferring is impossible, and chip dumping cant be risked. So obviously we now go to other sites with P2P transfers. Jetset comes to mind, and they pay out more generourly with their placings. In the $22 daily, 90 entrys, 18 people are paid. Thats 20% of the field. So there were looking at 2 or 3 NDNers in the money. Thats 3 buyins back, and 50% of money won over. Thats a good tourney choice.

5. Sattelites - Jetset low sattelites are out, 3 seats paid on average, with 20 entrys. 10 NDNers will get that to 30 entrys, and probably 4 or 5 seats. With a $5 rebuy, wed all need $25. Obviously we all rebuy immediate and addon, thats $15, so weve spent $150. Now say half of us have to rebuy twice once more, thats another $50. So weve paid $200 to play. $300 paid to win a max of 5 x $55 seats. Wed need 4 NDNers to win to break even for buyins, then they have to cash in the main event, the expected return on this is only 15% of the money staked.

Now say we do a bigger satty. a $21 freezeout to the Stars $1million. 1 in 10 win seats. We again have a probability of hitting at least 1 seat. Thats even money return on the buyins. But we have a chance at a guaranteed 10 seats. Id say in the stars sattys, they have ALOT of weak players, so we all have a 30% shot of making it. So say we get 2 in, weve doubled our buyins, with 2 people in a tourney that pays 200k minimum for the win. Placing in this is $500 win, so $215 to pool, and half of $285 is $142.50. Theres a better profit.

So if were satteliting, i suggest gambling the one buyin to a huge event, at the probability of getting 1 person in this event, and a likelyhood of getting 2-4 in, thats $800 in buyins for a $200 stake. We can also unregister and donate T$860 to the pool. Thats alot of stakes in rebuys. If we do that 3 times, we can get up to T$2150, which is 10 entrys into the Big $1Million.



I like this idea, but the rules need tweaking for the pool to grow, and this to continue. While some people may lose out, and the money youd get for winning is slightly less, the onyl way for this to continue and giving yourselves all free chances at some nice payouts, is to maximize the pool we have, before giving away more generous proportions of it to the players.




Feel free to discuss below.....

[Edshez]

Does anyone else think eejit thinks too much?

[eejit101]

dude, you were one of my 5 id have playing outside of top 10.

And this needs to be thought about, as if it isnt, this thing will be bust within 2 weeks

[Edshez]

Yep i agree with monst of your points eejit, I think that playing freerolls against the same players every night is so much different to playing these $20ish buyin events. I also think that the only way that you can make a decent profit is by at least 1 player making the final table every time. I mean if you say that you have 10 players playing a $20 buyin that’s a $200 cost. Now say that there is 300 players in this, that’s a $6,000 prize pool which if my maths is correct will probably pay less then $200 for a 10th place finish. Otherwise you will have to rely on the majority of the players making the money and this no matter how good a group is isnt likely.

Then you have the matter of paying back just 50% of the winnings, I would suggest paying back 100% of whatever you win, I mean this is all about getting money into a kitty for a 'team'. So why not pay back all the money that you win. You are then basically playing for free for longer. Poker for us sort of players is not about winning money, its about playing for the enjoyment of the game. How many players in this "top 10" can say that they withdraw poker winnings on a regular basis? By paying 100% back you are basically ensuring that there will be enough money in the kitty to play another game tomorrow, just as you would your own bankroll.

I also like eejit's idea of the satellite's into P/Stars $1mill, as most of you have hopefully seen I have been qualifyin like crazy for the last couple of weeks, it is easy due to the number of bad players that there are trying to take a cheap stab at the big one. If the top 10 were all to get 1 shot at it, even in a $5 rebuy with a rebuy and add on included (as i would always suggest rebuying straight away) thats only $15 for a $215/$530 seat. I would say that at least 3 players should make it which is $645/$1590 for a $150 investment. The when one player wins the big one..... thats not a bad profit for their $15 buyin.

I think that this is a great idea put forward but there definitely needs some sort of structure to it quickly otherwise you will be looking at it going down the drain very quickly. Eejit's idea of the top 5 + 5 others isn't a bad idea (again im not just saying it as im not in the top 10, as i am unable to play most of the week anyway) as the majority of players in the top 10 i would guess only play NDN's games and very rarely play bigger buyin's.

I think that we should as a group discuss what we want out of this idea and put some sort of plan together with NDN and quite quickly otherwise it could become very expensive.

[loseko]

I'm up for whatever NDN and whoever else is organizing this wants to try.
I personally think that two 5 man teams would be more profitable if we're sticking to 100ish person games. 300+ tournies would be fine for ten I think.

I also agree we should give 100% back at least for awhile to build the pot. We're all profitable players on our own but when only half the winnings go back its a lot harder to make money for the pot.