Q: Conducting your own WSOP Satellite at a LV Hotel

DonT77 · #1 05-13-2005, 01:21 PM

A bunch of friends and I are meeting up in Vegas the first weekend of June. About 8 of us will be playing in the June 3 1.5 K NL WSOP event. We are all going to hit up the satellites at the Rio on Thursday but a friend and I had an idea about hosting our own little satellite Wednesday night in our hotel room after everyone arrives.

If all 8 people show, the buy in will be $200 each. First prize will be $1500 for the event and 80% of his own stake in the tourney. Second prize will be $100 and 8% stake of the winner. Third will get 6% stake. Fourth will get 2%.
Fifth thru eight will get 1%. Basically your $200 will guarantee you at least a 1% share of the winner in the WSOP 1.5K event.

Does anyone have any experience with this type of setup? Do the stake percentages sound about right? I am staying on the strip. I probably will need a table and some chairs and was thinking about contacting the conceriege. Will the casino be cool w/ this or am I going to have to keep it under wraps? Thanks for any advice...

Cleveland Guy · #2 05-13-2005, 01:29 PM

Your setup seems fine if everyone agrees to it.

I personally would like everyone to get an equal stake. So 7 people left, 3% per person (gives the player only 79%, but 1% isn't much).

As for the equipment, I'm not an expert, but I can't see a casino ENCOURAGING people to play in their rooms vs. the floor.

DonT77 · #3 05-13-2005, 02:18 PM

Thanks for the input CG.

Supersetoy · #4 05-13-2005, 03:16 PM

[ QUOTE ]
A bunch of friends and I are meeting up in Vegas the first weekend of June. About 8 of us will be playing in the June 3 1.5 K NL WSOP event. We are all going to hit up the satellites at the Rio on Thursday but a friend and I had an idea about hosting our own little satellite Wednesday night in our hotel room after everyone arrives.

If all 8 people show, the buy in will be $200 each. First prize will be $1500 for the event and 80% of his own stake in the tourney. Second prize will be $100 and 8% stake of the winner. Third will get 6% stake. Fourth will get 2%.
Fifth thru eight will get 1%. Basically your $200 will guarantee you at least a 1% share of the winner in the WSOP 1.5K event.

Does anyone have any experience with this type of setup? Do the stake percentages sound about right? I am staying on the strip. I probably will need a table and some chairs and was thinking about contacting the conceriege. Will the casino be cool w/ this or am I going to have to keep it under wraps? Thanks for any advice...

[/ QUOTE ]

I'll be there that weekend too for the first WSOP tourney. You said they'll be holding satellites for the 1.5K event on Thursday? I had heard they would have "some" on Friday morning before the tourney (starting at 8 am).

The stake idea is a great one. And 1% should be good enough for the losers (if the winner does well, you'll more than likely get back double the satellite buyin).

DonT77 · #5 05-13-2005, 03:55 PM

Thanks Super. I don't know anything about the satellites for sure, only rumors I've heard (including that the satellite winners actually get 'lammers' with a face value of $1500 which could be used in any of the 1.5k events)- if anybody knows anything for sure about the WSOP satellites please step forward.