Property Tournament

Im launching an overseas property development shortly, was trying to come up with a way to have a winner takes all property tournament where the winner wins an apartment 88,000 euro worth.

Is the prize pool to much to be able to generate from a game in dublin? any ideas on how it could be worked?

BIG-SLICK-POKER

Deleted User wrote: »

Im launching an overseas property development shortly, was trying to come up with a way to have a winner takes all property tournament where the winner wins an apartment 88,000 euro worth.

Is the prize pool to much to be able to generate from a game in dublin? any ideas on how it could be worked?

Put it up for free and they will flock in:D

carfax

Deleted User wrote: »

Im launching an overseas property development shortly, was trying to come up with a way to have a winner takes all property tournament where the winner wins an apartment 88,000 euro worth.

Is the prize pool to much to be able to generate from a game in dublin? any ideas on how it could be worked?

I would be very interested in running a tournament like this......We were approached a while ago to have a €2mil pub as first prize in a tournament.....Obvious problems with licensing put us off but would be a lot simpler with a residential property although will have to check the legality on it.

stephen@pokerireland.ie

ionapaul

I think you'll find it extremely difficult to raise €88k in a winner-takes-all tournament, particularly for an overseas property (overseas property is unregulated in Ireland so this should raise huge questions for people playing; what guarantee they actually get the deeds to the property, is the apartment really worth €88k? are any legal fees included? if someone wanted to sell it immediately, how would they go about it? etc etc etc ad nauseum!) Imagine you actually could convince 100 people to play in this tournament, make it a €250 rebuy and hope for an average spend of €750, that is only €75k before overheads / advertising. And I can't see 100 intelligent poker players taking part in such a tournament, you would hope to attract serious gamblers! There are a fair few of them about, of course.

As a positive, the media coverage would advertise such a tournament for free, given the novelty factor. The free PR should be viewed as maybe subsidising the cost of the prize. The coverage would not only raise awareness of the tournament itself, but of the property development as well, something not to be sneezed at.

However, if I heard about this in the paper, personally I would think it was a desperate attempt to flog some overseas development! And immediately would think of Micheal Lynn, who gave away a property on the Late Late one time and which the winners have never received if I recall correctly!

I should qualify my thoughts above by stating I have been seriously bearish on the Irish and overseas residential property boom for the last few years and so would be pre-disposed to being negative on your idea. I would advise friends and family against playing such a tournament, even if it were to be shown to be completely transparent and above board. You would be fighting growing negative sentiment in running this and would risk introducing an element of 'shadiness' into the marketing of the development by promoting what should be a sensible business investment by way of a winner-takes-all gamble-fest!

El Stuntman

lol at El Rifle trying to offload his Bulgarian apartment

this is a fcuking disgrace imo

bops

i'll play you HU for it

dannydiamond

Freeroll!!!!

ionapaul

ionapaul wrote: »

I think you'll find it extremely difficult to raise €88k in a winner-takes-all tournament, particularly for an overseas property (overseas property is unregulated in Ireland so this should raise huge questions for people playing; what guarantee they actually get the deeds to the property, is the apartment really worth €88k? are any legal fees included? if someone wanted to sell it immediately, how would they go about it? etc etc etc ad nauseum!) Imagine you actually could convince 100 people to play in this tournament, make it a €250 rebuy and hope for an average spend of €750, that is only €75k before overheads / advertising. And I can't see 100 intelligent poker players taking part in such a tournament, you would hope to attract serious gamblers! There are a fair few of them about, of course.

As a positive, the media coverage would advertise such a tournament for free, given the novelty factor. The free PR should be viewed as maybe subsidising the cost of the prize. The coverage would not only raise awareness of the tournament itself, but of the property development as well, something not to be sneezed at.

However, if I heard about this in the paper, personally I would think it was a desperate attempt to flog some overseas development! And immediately would think of Micheal Lynn, who gave away a property on the Late Late one time and which the winners have never received if I recall correctly!

I should qualify my thoughts above by stating I have been seriously bearish on the Irish and overseas residential property boom for the last few years and so would be pre-disposed to being negative on your idea. I would advise friends and family against playing such a tournament, even if it were to be shown to be completely transparent and above board. You would be fighting growing negative sentiment in running this and would risk introducing an element of 'shadiness' into the marketing of the development by promoting what should be a sensible business investment by way of a winner-takes-all gamble-fest!

I get your angle here I think you could be right about the growing bad sentiment in the country at the moment which mr lynn would have had a big part to play in. It might affect the brand of the company. However ireland is not really part of my marketing plan so Im not too pushed about what people say about the company there, and I like the idea of something new in poker. Winning an asset would be nice. With the possible publicity it could have a very positive effect also.

EL Stuntman, I was buying and selling land in Bulgaria before you got dealt your first 8 5, and it certainly isnt somewhere I would be promoting or doing business in now

www.sansonanddunne.com

BIG-SLICK-POKER

Would this Development be called -- "The Pearl" in White Beach -- By any chance

BIG-SLICK-POKER

In my opionion u should approach paddy power on it and thye would be the best bet to be able to get runners from online and would promote it as a special online event .. That way i would try qualify ...It would be easier that way , As a tournament organiser having only one prize in a live game would be a non runner i reckon

Neill K

BIG-SLICK-POKER

BIG-SLICK-POKER wrote: »

Would this Development be called -- "The Pearl" in White Beach -- By any chance

thats the one

ionapaul

BIG-SLICK-POKER wrote: »

In my opionion u should approach paddy power on it and thye would be the best bet to be able to get runners from online and would promote it as a special online event .. That way i would try qualify ...It would be easier that way , As a tournament organiser having only one prize in a live game would be a non runner i reckon

Neill K

Yes, and without a major, trusted backer I think most gamblers willing to play would be unlikely to get involved. I imagine it might be hard to get any backer without a clear-cut knowledge of the legalities of it all and the ease of transfer of ownership, etc.

The more I think about it the more likely you could be to get a fair amount of real gamble monkeys involved, though a huge segment of poker players would avoid such a tournament like the plague because of reasons mentioned above. I would have thought it would be easier to get a live re-buy event going rather than online, the element of the poker playing public who would play (in my opinion) would surely be those who play in CPT events rather than grind it out online. Maybe organise it to coincide with a big racing meeting or similar?

El Stuntman

how do you arrive at the valuation of 88k?

actually never mind, if you can find enough idiots ('greater fools') to join in this insane scheme then good luck to you