Is 10% of first place too much for a no limit buy in?

[Mike111.]

Monthly no limit tournament with 60 - 80 people with a buy in at $150 that has 2 $20 rebuys in the first 1 1/2 hours of play where everybody that's still in gets an extra 1000 and 2500 in chips.

1st place gets $2k. Should I expect to get into the money every time or finish 2nd every five times to expect a positive return?

Most of the players are loose-passive. Once they're on a draw, they'll call to the turn (at least) with any pair/draw.

Here's the payouts...
1st = 2000
2nd = 1000
3rd = 500
4 - 10 = 200

Thanks for the help.

[Myrtle]

....this CAN'T be correct....the numbers don't add up....

OR......it is the worst-value in a tournament I have ever seen!!

[Mike111.]

I wish it weren't true... $150 for the buyin + $40 in add-ons gets a chance at $2000 for first place.

[TheTROLL]

If that's correct (which it *can't* be), it would seem to be a simple matter of not entering. Are you sure those aren't just the guaranteed prizes before people start entering?

[Mike111.]

I have to admit I've already played in it but didn't think too much about the return before playing... I was just hoping for some action.

It's guaranteed whether they reach they're max of 80 players or not. It's a fund-raising tournament for a firehouse.

[SossMan]

[ QUOTE ]
It's a fund-raising tournament for a firehouse.


[/ QUOTE ]

Charity events never have a positive expectation for the player. Doesn't mean you can't play them, just don't think about making long run money in them.

[Myrtle]

ahhh......CHARITY EVENT......!!

That's where the rest of the $$ is going!!!

Mystery solved...........