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Irish Open - Payouts
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I dont have alot to add other than that this thread has been noted and circulated to the relevant parties. This topic has also been added as a discussion point for our next meeting.
If somebody wants to propose a compelling alternative payout structure then fly ahead. But keep in mind that if you are to listen to the opinions on the parties in this thread (and this is onlt a small sample of ppl) you must
- pay double buyin as the min cash
- pay more to the first half of the cashers
- pay more to those who finish 10 - 18th (or thereabouts)
- flatten the payout structure for the top 3 to avoid dealmaking
Then dont forget the other commercial concerns
- have a meaningful 1st prize in line with other major european tournaments.
- pay a % of the field in keeping with other european majors
We try and be fair with our payout structures and we also try to keep as many people as happy as possible. Perhaps the best alternative is to scrap the first 10 or so cash finishers and redistribute that cash to others? Then you have people complaining that you are not paying 10% of the field. its a vicious circle!Ace Reporter wrote: »Anyone from Paddy Power Poker wish to air an opinion on this subject?
I always have an opinion
I also have regrets, I should have closed the laptop and went to bed instead of hitting F5i think it has a lot to do with pp being able to say 1st place got 600k in thier tourney
nothing to do with this at all, it actually isnt even discussed and isnt a factor. What does a headline saying XXX wins 600k do that a headline saying XXX wins 500k doesnt do?Whats really bad is players coming 18 and only getting maybe 10k when the winner gets 600k,
this is a point that gets raised elsewhere as a counter argument to paying more to the min cashers. There is only one cake, so if you give some people a bigger slice then somebody else has to go hungry.the difference between the top 3 places is far to much and forces deal making.
forces deal making? what deals are you referring to? I am open to correction here.
2005 - no deal
2006 - no deal
2007 - deal
2008 - no deal
2009 - no dealLuckyLloyd wrote: »- never pay more than 10% of the field;
- be willing to pay a tad less than 10% even;
- make the first payout 2x the buyin;
If you do this it makes for a tougher and more exciting bubble, and lessons the possibility of deals at the end (or players wanting to deal when it 'officially' isn't allowed).
as discussed elsewhere the first payout of 2x is somewhat flawed and dependent upon buyin. But you have to start somewhere so this could be as good a starting point as any.
I agree about the steeper bubble - this would really suit the better players and would also be tense and exciting. The flip side of this is that you would probably have to pay out a smaller % of players and that the structure would go to **** at this point (in almost any tournament not just the IO) as this is by far the greatest inflection point in the tournament and you have just magnified its magnitude (should I be putting those words together?)
Im not aware of many tournaments where dealmaking isnt allowed (poker million?)LuckyLloyd wrote: »The payout at this year's tournament was hilarious really. 72 paid, of which only 36 doubled their investment or better. Being honest, I'd imagine most players in the field wouldn't have complained if you had simply just paid 36 people - as it is only from there that cashing becomes relevant.
I think you underestimate how much people like to complain and how hard it is to try and please everyone.it is at least double in the wsop main event
yes but as stated elsewhere somebody has to suffer for this.
Finally - lol donkaments 0 -
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There are of course a few players who are good enough to go very deep in the Irish Open (or, for example, the WSOP main event etc) on a regular basis and for whom negotiating a better final table structure is +ev, but for most, regardless of whether they paid for their seat or won it, just cashing in the Irish Open even once would be a quare tale to tell and if it were me (unlikely
), I'd feel deflated if I didn't at least double my money.
Imagine winning a prize in the lottery and just getting your money back, never mind playing your A game for two days or more and then getting sucked out on
Events like this and sites like PPP surely benefit more from "Joe Ordinary gets a nice touch" stories than from "poker pro wins another fortune" ones?0 -
There are of course a few players who are good enough to go very deep in the Irish Open (or, for example, the WSOP main event etc) on a regular basis and for whom negotiating a better final table structure is +ev, but for most, regardless of whether they paid for their seat or won it, just cashing in the Irish Open even once would be a quare tale to tell and if it were me (unlikely ), I'd feel deflated if I didn't at least double my money.
Imagine winning a prize in the lottery and just getting your money back, never mind playing your A game for two days or more and then getting sucked out on
Events like this and sites like PPP surely benefit more from "Joe Ordinary gets a nice touch" stories than from "poker pro wins another fortune" ones?
Good post0 -
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