POKER TOURNAMENT MANAGEMENT & PROMOTION BOARDS > Event structuring
Payoff Guidelines
Special1029@yahoo.com:
Recently while in Vegas I encountered a wide varience in payoff structures for the various events I played.
I would really like to see TDA do a better job in this area.
In the main we would need to take into account the following:
1) Entry Fee
2) Number of entries
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Almost every one does an ok job for shorter events, BUT
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What about events with long structures and deep stacks?
The Aria event (125) is such an event and gives results where
a player can play for 8 or 9 hours Cash and basically only get entry fee back
while first place will be over $2000. Obviously not a good result for the
players not in first place
SHOULD WE take event length into consieration?
chet:
Larry: NOT speaking for the TDA, but strictly as a personal opinion, I don't think the TDA should get into the event payoff area. There are enough problems with just the "Rules of the Game". Unfortunately, I was not able to attend the recent concluded TDA Summit so I don't know if this topic was discussed.
There are many different reasons for having events structured as they are. US Events are all over the place, mostly dependent (in my opinion) on house preferences, player preferences, geographical preferences and on and on and on.
In fact, I doubt very much if any attempt to "standardize" event payouts would be successful. Part of the reason I say this is that I had an opportunity recently to play a tournament at a poker room in a mid-west USA casino/dog track. This particular room has a tournament rule that a player who exposes his/her hole cards, regardless of intent, has a dead hand PERIOD. This is in direct opposition to TDA Rule 42. When I later talked to the card room manager, he told me this rule was to stop collusion and would continue to be enforced as is.
In my experience, Las Vegas Event Structures are intended to achieve a balance between player desires, house needs (aka, PROFIT), local competition and so forth.
So, while it would be nice to have everyone using the same pay structure, I just don't think it would be practical and I don't see the TDA getting into this area unless there is at least a 90% acceptance of TDA members. Again, this is my personal opinion and should not in any way be construed as coming from the TDA.
Stuart Murray:
I would have to echo Chet's response but bring to the discussion another matter directly correlated to payout structures.
I am involved in the Amateur poker scene, and flattened out payout structures are the norm, but these payout structures do not serve professional players due to their poor Return on Investment (ROI), they do however, offer favourable and appealing structures to the amateur & casual players. There does seem to be a trend for many TD's to lean nowadays to favour more flattened out structures, but we must still retain a blend of top heavy and flat payout structures in offer to offer up different games for players.
I would certainly not be resistant to the TDA becoming involved in Payout Structures but I cannot see it happening, as their are so many varying requirements, demands and favoured structures out there that to attempt to simplify them I feel would be detrimental to the game as a whole. It would be like asking United Airlines and British Airways to have the same prices, with the same meals and service I feel.
Regards
Stuart
chet:
Stuart: You get meals AND service on British Air? Only "meals" I can remember getting on a US Air Carrier in the last 4-5 years is a lousy miniature bag of peanuts or Chex Mix. MAYBE a whole can of soda, but most of the time all they want to give you is a tiny plastic cup that would be better used as a specimen cup in the Doctors Office ;D
dn.gardiner:
I agree with the TDA passing on the standardization of payouts. That is to much a TD's personal assessment of the intent of the tournament. In my tournaments we pay the top 10% in a straight line progression. We have a freeroll once a year in which we spread it out a long way with a moderate 20% for the winner to have as many people as possible take some cash home.
The TD must understand the type of player he is attracting and adjust accordingly.
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