Celtic Poker Tour

IsMiseJ

hi first post here and just confirming i have no involvement or association with CPT. played rebuy tournies twice before and hated them but most of there tournies now are Freezout which i have found having played recently makes the whole thing more transparent and seems less a money grabbing exercise, so maybe they are actually listening at last? recent tournament in carlow 220 players or so 200 + 20 paid out 44,000 which i think is improvement

Lex

hmmm....ok, um....thanks?

phantom_lord

IsMiseJ wrote:

hi first post here and just confirming i have no involvement or association with CPT.

hmmm....

connie147

Ok, welcome to the forum. Ive been thinking about this and wasnt going to bother posting it, but having read your thread, maybe I should.

CPT's most recent event--Grand final in athlone 2 weeks ago.
According to their own figures---204 runners.@ €500 buy-in.+ €50 reg
1 rebuy or top up allowed @ 200€.
Starting stack---10,000.
Rebuy or top-up---10,000.
Total pay out

---

€106,000.

According to their own site, the amount of chips in play was consistant with 50 players left,20 players left and at the start of the final table.
4,200,000 chips
Now 204 X 10,000 (starting stack) = 2,040,000
If everyone buys back-- 204 x 10,000 = 2,040,000

Thats a tournament total of 4,080,000
Does the extra 120,000 chips mean 12 people were left buy back twice?

So 204 X €550 = €112,200 (enrty fees + reg)
204 X €200 = €40,800 (rebuys / top-ups)
Total take---€153,000 (not counting the extra 120,000 chips in play.

So they take in €153,000 and pay-out €106,000.

AND YOU THINK THEVE LISTENED AND CHANGED????
DO YOU THINK THATS AN IMPROVEMENT???

nicnicnic

connie147 wrote:

Ok, welcome to the forum. Ive been thinking about this and wasnt going to bother posting it, but having read your thread, maybe I should.

CPT's most recent event--Grand final in athlone 2 weeks ago.
According to their own figures---204 runners.@ €500 buy-in.+ €50 reg
1 rebuy or top up allowed @ 200€.
Starting stack---10,000.
Rebuy or top-up---10,000.
Total pay out

---

€106,000.

According to their own site, the amount of chips in play was consistant with 50 players left,20 players left and at the start of the final table.
4,200,000 chips
Now 204 X 10,000 (starting stack) = 2,040,000
If everyone buys back-- 204 x 10,000 = 2,040,000

Thats a tournament total of 4,080,000
Does the extra 120,000 chips mean 12 people were left buy back twice?

So 204 X €550 = €112,200 (enrty fees + reg)
204 X €200 = €40,800 (rebuys / top-ups)
Total take---€153,000 (not counting the extra 120,000 chips in play.

So they take in €153,000 and pay-out €106,000.

AND YOU THINK THEVE LISTENED AND CHANGED????
DO YOU THINK THATS AN IMPROVEMENT???

jeez connie I'm impressed by your homework.

ismise its not a great idea to praise cpt here with your first post. I should know I recieved a pm titled BANNED FROM POKER after doing so

fade2black

nicnicnic wrote:

jeez connie I'm impressed by your homework.

ismise its not a great idea to praise cpt here with your first post. I should know I recieved a pm titled BANNED FROM POKER after doing so

But you charmed your way back in, ya loveable rogue you.

mdwexford

IsMiseJ wrote:

hi first post here and just confirming i have no involvement or association with CPT. played rebuy tournies twice before and hated them but most of there tournies now are Freezout which i have found having played recently makes the whole thing more transparent and seems less a money grabbing exercise, so maybe they are actually listening at last? recent tournament in carlow 220 players or so 200 + 20 paid out 44,000 which i think is improvement

celtic poker tour is for muppets

end of rant

Washout

some1 was saying last night that they ran a E10,000 guaranteed for a 100+10FO in enniscorty with 160 runners and only paid out the E10,000????

BigDragon

Washout wrote:

some1 was saying last night that they ran a E10,000 guaranteed for a 100+10FO in enniscorty with 160 runners and only paid out the E10,000????

Standard. GG Betfair.

5starpool

I think they are great value, and recommend them to everone. Any questions you reach me on my personal email wearegreat@selticpokartoor.com

I am in no way connected with CPT. Last event was a €2 entry with only 3 players in it and 10k guaranteed.

Fatboydim

The problem with the OP is that it just seems to be making a statement rather than asking a question. And that's unusual for a first post. So it looks a little fishy. I was hoping Betfair's involvement with CPT might have improved things. But judging by the above it appears not.

ianmc38

IsMiseJ wrote:

hi first post here and just confirming i work for the CPT.

FYP

CharlieAsh

nicnicnic wrote:

jeez connie I'm impressed by your homework.

ismise its not a great idea to praise cpt here with your first post. I should know I recieved a pm titled BANNED FROM POKER after doing so

That was a bit harsh.........could they not just ban you from the POKER FORUM instead.:D

nicnicnic

CharlieAsh wrote:

That was a bit harsh.........could they not just ban you from the POKER FORUM instead.:D

There was a bit of discussion about this at the time but and as it turned out I was just banned from the forum.

http://www.antesup.com/boards/showthread.php?t=261

IsMiseJ

Hey , sorry i made such a b**ls of my first post was not intending to defend them that much and yes their Grand Final was a rip , was just wondering if people think new freeze out tournies might mean an improverment , also depending on where you live in country is possible to have no choice but play them if you want a tournament they seem to be only ones catering for certain areas

5starpool

Time will tell I guess. I hope for the sake of people in places where there are no real other options that there is an improvement, or else some other operators start up.

Degag

IsMiseJ wrote:

Hey , sorry i made such a b**ls of my first post was not intending to defend them that much and yes their Grand Final was a rip , was just wondering if people think new freeze out tournies might mean an improverment , also depending on where you live in country is possible to have no choice but play them if you want a tournament they seem to be only ones catering for certain areas

That was the case with me for a while, then the poker room in killarney (connie's) opened up, and thats where i go now. I think that with the popularity of poker these days there are way more options for people all over the country. Unfortunately the cpt still has a strong following and still hound me with text messages for events that are miles away from me!:mad:

Mellor

connie147 wrote:

Ok, welcome to the forum. Ive been thinking about this and wasnt going to bother posting it, but having read your thread, maybe I should.

CPT's most recent event--Grand final in athlone 2 weeks ago.
According to their own figures---204 runners.@ €500 buy-in.+ €50 reg
1 rebuy or top up allowed @ 200€.
Starting stack---10,000.
Rebuy or top-up---10,000.
Total pay out

---

€106,000.

According to their own site, the amount of chips in play was consistant with 50 players left,20 players left and at the start of the final table.
4,200,000 chips
Now 204 X 10,000 (starting stack) = 2,040,000
If everyone buys back-- 204 x 10,000 = 2,040,000

Thats a tournament total of 4,080,000
Does the extra 120,000 chips mean 12 people were left buy back twice?

So 204 X €550 = €112,200 (enrty fees + reg)
204 X €200 = €40,800 (rebuys / top-ups)
Total take---€153,000 (not counting the extra 120,000 chips in play.

So they take in €153,000 and pay-out €106,000.

AND YOU THINK THEVE LISTENED AND CHANGED????
DO YOU THINK THATS AN IMPROVEMENT???

There are always extra chips in play because of rounding up due to chip races,
but 120,000 is a bit much for just rounding up.

Degag

I was just reading the review of the grand final in the tournament section and apparently 157 people had free tickets due to winning a regional tournament. The figures quoted aren't really applicable when you take this into account.

So therefore:

204 * €50 reg = €10200
47 * €500 = €23500
204 * €200 = €40800

TOTAL = €74500

€106000 - €74500 = €31500 Shortfall


Of course they easily made this during the year, so i'm not disagreeing with anyone;)

bohsman

AFAIK the "free" tickets werent free but were taken from the prizepools of the regional tournaments much like other operators do.

Degag

bohsman wrote:

AFAIK the "free" tickets werent free but were taken from the prizepools of the regional tournaments much like other operators do.

Of course they were... it was just a minor point i was making.

5starpool

Tackle69 wrote:

Of course they were... it was just a minor point i was making.

Well if you knew this, then it wasn't a very relevant point you were making. There was no shortfall as they (notionally at least) withheld this money in the first place to form part of the prize pool for this event.

Degag

5starpool wrote:

Well if you knew this, then it wasn't a very relevant point you were making. There was no shortfall as they (notionally at least) withheld this money in the first place to form part of the prize pool for this event.

Well everybody knew that they were taking money from the regional tournaments. I was just pointing out that they weren't making a €47000 profit on the grand final.

ollyk1

Tackle69 wrote:

Well everybody knew that they were taking money from the regional tournaments. I was just pointing out that they weren't making a €47000 profit on the grand final.

No one was saying that €47k was their net profit from the excerise but it is the gross profit!!

What you were implying was that they were making a gross loss!!

When they guaranteed €10k payouts around the country (and generally took in a lot more) part of that €10k included a ticket to this "big" game so they can't take credit for paying this out twice is all that is being pointed out here Tackle. Apart from that I personally don't have an issue with how much or little they pay out. I don't play their games and never will so I don't care.

By the way for the OP who is concerned about their games and the value therein why not ask your question on the CPT forum? There aren't too many CPT players on this forum but that forum should be able to give you answers.

Degag

ollyk1 wrote:

No one was saying that €47k was their net profit from the excerise but it is the gross profit!!

What you were implying was that they were making a gross loss!!

When they guaranteed €10k payouts around the country (and generally took in a lot more) part of that €10k included a ticket to this "big" game so they can't take credit for paying this out twice is all that is being pointed out here Tackle. Apart from that I personally don't have an issue with how much or little they pay out. I don't play their games and never will so I don't care.

By the way for the OP who is concerned about their games and the value therein why not ask your question on the CPT forum? There aren't too many CPT players on this forum but that forum should be able to give you answers.

€47000 is probably the tip of the iceberg...

connie147

Another point worth noting is that in the figures we were discussing above, we found 120,000 chips extra even allowing for everyone to rebuy.
Now there is no way every player in the event did a rebuy. That just doesnt happen.
So if we take a conservative estimate (other organisers would have a better idea of this than me) and presume 20% of the field didnt rebuy (thats 40 x10000 = 400,000 chips).
Now this is all hyphethetically speaking of course,but if people were confined to one rebuy, and if the figure of 20% would be accepted as close to the amount of players who wouldnt have taken up the option due to being well stacked (or low in funds),there would now be the unreal figure of almost 500,000 extra chips in play.
Nah,that couldnt be right.Sure the only reason for that to happen would be that 250 players started and not 200.(50 X €500= extra €25k).
Nah, they'd never mislead their players like that.And their new sponsors.NAH!!

Degag

connie147 wrote:

Another point worth noting is that in the figures we were discussing above, we found 120,000 chips extra even allowing for everyone to rebuy.
Now there is no way every player in the event did a rebuy. That just doesnt happen.
So if we take a conservative estimate (other organisers would have a better idea of this than me) and presume 20% of the field didnt rebuy (thats 40 x10000 = 400,000 chips).
Now this is all hyphethetically speaking of course,but if people were confined to one rebuy, and if the figure of 20% would be accepted as close to the amount of players who wouldnt have taken up the option due to being well stacked (or low in funds),there would now be the unreal figure of almost 500,000 extra chips in play.
Nah,that couldnt be right.Sure the only reason for that to happen would be that 250 players started and not 200.(50 X €500= extra €25k).
Nah, they'd never mislead their players like that.And their new sponsors.NAH!!

I've heard of them being accused of that before and there could be alot of truth to it... i remember going to an event one night and remember quite a lot of people at it... well over 100 i thought. I was told by a mate of mine that the official number on the website was only 91...

gocall01

Jasus!
I had to idea this outfit had such a bad rep.
I've heard nothing but cr*p about them since I started dabbling in the poker game.
On the figures and verbatims on this board it's a wonder anyone plays on the CPT.
Prior to really hearing all that much about them I played in the West Cork tournament in Rosscarbey, about 100-110 runners I think.
(or maybe it was actually 150 and they said it was 110, I don't know anymore!)
Not sure that they made much on that outing and they probably won't be back.
Besides all the money issues which don't seem to add up in the punters favour, are there other issues?
They seem to get well over 150 runners at most other venues, are they all unaware of the situation or do some really good players see it as easy money?

connie147

gocall01 wrote:

Jasus!
I had to idea this outfit had such a bad rep.
I've heard nothing but cr*p about them since I started dabbling in the poker game.
On the figures and verbatims on this board it's a wonder anyone plays on the CPT.
Prior to really hearing all that much about them I played in the West Cork tournament in Rosscarbey, about 100-110 runners I think.
(or maybe it was actually 150 and they said it was 110, I don't know anymore!)
Not sure that they made much on that outing and they probably won't be back.
Besides all the money issues which don't seem to add up in the punters favour, are there other issues?
They seem to get well over 150 runners at most other venues, are they all unaware of the situation or do some really good players see it as easy money?

As you dabble more and more in this beautiful game,you'll slowly but syrely recognise the good players from the bad and the good value from the bad.
Whats keeping the CPT going is that the majority of their players dont know any better(no sleight on them). But you wont see the top players in the country(or the more informed ones) at a CPT event.

They probably wouldnt be welcome anyway cause they ask too many awkward questions.