CPC Bahamas, Does This Payout Blow?

[macdaddy991]

5K buy in. Seems like you have to be in the top 20ish to make your initial buy in back. Granted it is based on 300 players, but how many are actually going to play?


Rank Percentage Breakdown of Pot 300 Players
Individual Breakdown

1st $ 1,000,000
2nd 25.00% $ 113,750
3rd 14.00% $ 63,700
4th 9.00% $ 40,950
5th 6.50% $ 29,575
6th 5.40% $ 24,570
7th 4.40% $ 20,020
8th 3.40% $ 15,470
9th 2.40% $ 10,920
10th 1.55% $ 7,053
11th- 19th 1.00% $ 4,550
20th - 28th 0.59% $ 2,685
29th - 37th 0.40% $ 1,820
38th - 46th 0.35% $ 1,593
47th - 55th 0.30% $ 1,365
56th - 64th 0.26% $ 1,183
65th - 72nd 0.25% $ 1,138

Prize Pool Total $ 1,455,000

Let's just say a preflop suckout or coinflop loss will hurt really bad heads up.

[Jurollo]

I love how they say the percentages each place gets AFTER the $1million, this is what it really is.


1st 68.73% $ 1,000,000
2nd 7.82% $ 113,750
3rd 4.38% $ 63,700
4th 2.81% $ 40,950
5th 2.03% $ 29,575
6th 1.69% $ 24,570
7th 1.38% $ 20,020
8th 1.06% $ 15,470
9th 0.75% $ 10,920
10th 0.48% $ 7,053
11th- 19th 0.31% $ 4,550
20th - 28th 0.18% $ 2,685
29th - 37th 0.13% $ 1,820
38th - 46th 0.11% $ 1,593
47th - 55th 0.09% $ 1,365
56th - 64th 0.08% $ 1,183
65th - 72nd 0.08% $ 1,138

[Jurollo]

Using Stars Structure it would look like this....

1st - 27.5% - $400,125
2nd - 19% - $276,450
3rd - 12% - $174,600
4th - 8% - $116,400
5th - 6.2% - $90,210
6th - 4.5% - $65,475
7th - 3.5% - $50,925
8th - 2.5% - $36,375
9th-16th - 1.3% - $18,915
17th-24th - 0.8% - $11,640

[Jurollo]

So, yes, it blows.
~Justin

[billyjex]

That is disgusting.

[CardSharpCook]

monkey balls. This blows monkey balls.

[macdaddy991]

Here's the scanerio. I won a seat through party and was prety excited till I saw the payout structure. Since I only play 2/4 online right now, 5k is still a decent chunk of change. I conteplated going down to the bahamas and selling my buy in when I got there.

Can I even do that since party is sponsoring it?

Should I just take out the tampon and play?

[Jurollo]

Definately play, you are very likely looking at a scenario where the seat isnt transferable.
~Justin

[KramerTM]

That is a joke! What is this tournament anyway? What does CPC stand for?

[Exitonly]

canadian poker championship.


i'm really glad i never got around to play satelites for this. That's pretty awful

[macdaddy991]

[ QUOTE ]



i'm really glad i never got around to play satelites for this. That's pretty awful

[/ QUOTE ]

I played 3 to get in. Sub quaifier, qulifier, and sattelite.

Whatever, I invested a whole 6$ into this so I should just be happy that I am getting a freeroll to a 1 mil tourney and a week in the bahamas for almost nothing.

[Prime Time]

sweet for the winner.

[Exitonly]

oh yea, didnt mean to demean your win. i'd still love to go, even with the bad payout schedule.

[ansky451]

Does Partypoker try to suck?

[Apathy]

Yikes! I hope when I make the final table they will make a deal.

[ilya]

This structure is awesome.

I'm guessing PP (should this stand for PoopyPoker, PissyPoker, PansyPoker...?) is doing this because like you most people paid somewhere between $6 and $300 to get there, and this way they can advertise a million dollar payout and a whole bunch of players get to be excited at winning a few bucks.

If you can sell your entry (which I doubt) you could probably take the money, invest it all into high buyin online tourneys, and make quite a bit more money. For the buyin alone you could play 20 or so $500k guaranteeds.

Will

P.S. If they want to have a $1 mil guaranteed first prize, let 'em take it out of the unbelievable amounts of rake they're making from this thing.

[Jurollo]

[ QUOTE ]
This structure is awesome.

[/ QUOTE ]

Sarcasm meter is reading off the charts!