A few questions for Raymer, other pros, or anyone else in the know...
 

-What is the 'rake' at the WSOP? In other words, what part of the $10,000 does not go toward the prize pool?

-And do you think that the exposure you might get on ESPN to promote yourself and therefore endorse products is worth more than the rake you pay?

-How much money do you think the average WSOP winner can make simply due to his newfound celebrity by endorsing products and doing advertising? Obviously, the WSOP Tourney of Champions was a nice bonus for Greg this year- I'm not sure if they'll have this every year, so feel free to include that in your answer, but at least tell us that you are including it. And, Greg, I understand if this question is too personal, but how much money do you expect to get from your book?

-By being loud and getting yourself known ala Mattias Anderson, Dutch Boyd, etc....Do you think you are getting a lot of extra money in possible endorsements or stuff like that?

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

Don't quote me on this, but I think the WSOP rake is $300 in the ME. Not sure.

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

What product can Mattias anderson front? how about Valium or decafe coffee.

And Dutch Boyd? how about online fraud insurance

The winner can parlay exposure into book deals, appearance fees, commentator spots etc.. How can this not be worth more than the rake?

Also rans, much less so, but if they are on often, and in multiple venues, I suppose they can get some of the above.

But if their ev on the tourney is greater than the buy-in including rake, I guess they shoud play regardless of parlay possibilites.

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

[ QUOTE ]


The winner can parlay exposure into book deals, appearance fees, commentator spots etc.. How can this not be worth more than the rake?

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You misunderstood my question...obviously the winner gets more than the rake back in endorsements. But my question is this: For everyone, not knowing how you're going to do, is the possibility of the endorsements that you'll get from winning it and/or from doing well and becoming well known make the rake +EV for everyone?

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

What a beaut!

[ QUOTE ]
And Dutch Boyd? how about online fraud insurance

[/ QUOTE ]

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

The WSOP ME is actually a $9400 + $600 tournament.

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

That seems pretty steep, especially considering what they're getting in TV revenues, merchandising, etc. now.

[ QUOTE ]
The WSOP ME is actually a $9400 + $600 tournament.

[/ QUOTE ]

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

Well, the rake was a total of something like $1.5M. I know that I personally do not expect to get $1.5M out of being the champion (e.g., from endorsements, the 2+2 book, and the like). However, it is quite possible that the extra money I make, combined with the extra money made by David Williams, Josh Arieh, and other players who picked up or increased their notoriety, will exceed $1.5M.

Later, Greg Raymer (FossilMan)

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

[ QUOTE ]
Well, the rake was a total of something like $1.5M


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Then that would put the rake at 600 individually, yeah

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

I don't see why this would be surprising at all. The TV revenues, merchandising, etc. most likely have zero effect on the casino's decision when deciding the rake. People will pay the $600 in rake so Harrah's won't hesitate in charging it.

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

[ QUOTE ]
That seems pretty steep, especially considering what they're getting in TV revenues, merchandising, etc. now.

[/ QUOTE ]

The Party Poker $1 million guaranteed is a $600+$40, for a ratio of 1/15 or about 6.7%. The WSOP has a ratio of 3/47, which is slightly better than that. How much cheaper (rakewise) do you expect them to get?

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

</font><blockquote><font class="small">In risposta di:</font><hr />
You misunderstood my question...obviously the winner gets more than the rake back in endorsements.

[/ QUOTE ]


also i think he wins some small cash prize.

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

[ QUOTE ]
Well, the rake was a total of something like $1.5M. I know that I personally do not expect to get $1.5M out of being the champion (e.g., from endorsements, the 2+2 book, and the like). However, it is quite possible that the extra money I make, combined with the extra money made by David Williams, Josh Arieh, and other players who picked up or increased their notoriety, will exceed $1.5M.

Later, Greg Raymer (FossilMan)

[/ QUOTE ]

Ok...this is what I was looking for...so, in other words, paying the rake is +EV in this tourney due to the unique exposure you can get from it possibly.

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

And one of the TD's told me they are raising it next year 2-3% for each tourney.

Felicia [img]/images/graemlins/smile.gif[/img]
www.felicialee.net

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

[ QUOTE ]
And one of the TD's told me they are raising it next year 2-3% for each tourney.

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Wouldn't surprise me a bit, since each event will see even MORE entrants next year

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

raymer, a book, wow talk about milkin it.

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

I don't know if I'd say that was miling it or not. I mean if I won it and someone approached me and said " I'll give you 500,000 (yes a guess) to write a book". I'm pretty sure I'd get a patent attorney to look it over and jump at it.

I think Greg is great for poker. He's very respectful to others, obviously very smart and very aggressive.

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

[ QUOTE ]
I'm pretty sure I'd get a patent attorney to look it over and jump at it.


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Since Greg is a patent attorney, he may be willing to look it over for you! [img]/images/graemlins/smile.gif[/img]

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

Yea...I think that was the joke.

[ QUOTE ]
[ QUOTE ]
I'm pretty sure I'd get a patent attorney to look it over and jump at it.


[/ QUOTE ]
Since Greg is a patent attorney, he may be willing to look it over for you! [img]/images/graemlins/smile.gif[/img]

[/ QUOTE ]

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

you know what's funny jonjon, I've had several ppl suggest that I write a book.... How ridiculous is that. I've been playing professionally for like a year, I could barely fill like a magazine article, much less a book.

Gavin Griffin

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

[ QUOTE ]
you know what's funny jonjon, I've had several ppl suggest that I write a book.... How ridiculous is that. I've been playing professionally for like a year, I could barely fill like a magazine article, much less a book.
Gavin Griffin

[/ QUOTE ] If this is gavin , nice game agaisnt phill, you plsyed that rush awsome and took the bracelet vn.

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

Hi NicksDad,

[ QUOTE ]
I don't know if I'd say that was miling it or not. I mean if I won it and someone approached me and said " I'll give you 500,000 (yes a guess) to write a book". I'm pretty sure I'd get a patent attorney to look it over and jump at it.

[/ QUOTE ]

First, the $500,000 for writing (or co-writing) a 2+2 book is, I'm sure, a gross overestimate. The book wouldn't pay out its advance. If I had to hazard a guess, given that it is a niche market, I'd divide by 50 and probably be in the ballpark.

Second, I wouldn't go to a patent attorney to look over a book contract. I'd go to an entertainment attorney, who is much more likely to know the industry standards, in terms of things like derivative rights, advance schedules, option and reversion clauses, and the like.

Cris

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

I am a lil dry ya know.

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

[ QUOTE ]
Yea...I think that was the joke.

[ QUOTE ]
[ QUOTE ]
I'm pretty sure I'd get a patent attorney to look it over and jump at it.


[/ QUOTE ]
Since Greg is a patent attorney, he may be willing to look it over for you! [img]/images/graemlins/smile.gif[/img]

[/ QUOTE ]

[/ QUOTE ]


TY [img]/images/graemlins/smile.gif[/img]

Re: A few questions for Raymer, other pros, or anyone else in the know...
 

[ QUOTE ]
Hi NicksDad,

[ QUOTE ]
I don't know if I'd say that was miling it or not. I mean if I won it and someone approached me and said " I'll give you 500,000 (yes a guess) to write a book". I'm pretty sure I'd get a patent attorney to look it over and jump at it.

[/ QUOTE ]

First, the $500,000 for writing (or co-writing) a 2+2 book is, I'm sure, a gross overestimate. The book wouldn't pay out its advance. If I had to hazard a guess, given that it is a niche market, I'd divide by 50 and probably be in the ballpark.

Second, I wouldn't go to a patent attorney to look over a book contract. I'd go to an entertainment attorney, who is much more likely to know the industry standards, in terms of things like derivative rights, advance schedules, option and reversion clauses, and the like.

Cris

[/ QUOTE ]


TY Cris

First off I totally trust you when it comes to the money part of it. If I remember correctly you're a writer.

The part about getting a patent attorney was my weird dry sense of humor. I think Greg is a patent attorney. So I guess I was telling him to consult himself. Obviously I'm not as funny as I thought I was. [img]/images/graemlins/smile.gif[/img]