|
|
|
|
#1
03-27-2005, 02:57 PM
|
|||
|
|||
Where does the B&M tourney entry fee go?
The Party Poker PPM IV just concluded. There were over 700 entries, each contributing $10,000 + $500 to play in the tournament. This amounts to over $350,000 collected in tournament entry fees.
Of this $350,000, approximately $0 was spent on the dealers. Where did the money go? 
|
|
#3
03-27-2005, 03:15 PM
|
|||
|
|||
|
Re: Where does the B&M tourney entry fee go?
[ QUOTE ]
people often run tournaments to turn a profit. no surprise there really. are you sure no cut of the fee went to the dealers? it usually does. [/ QUOTE ] Sometimes the dealers are paid a flat fee in leu of a cut. Since this tourny is on a boat, that might be a part of it. Keep in mind a large portion of the 350k must go towards paying for the accomodations. TT [img]/images/graemlins/club.gif[/img]
|
|
#4
03-27-2005, 03:24 PM
|
|||
|
|||
|
Re: Where does the B&M tourney entry fee go?
i wasn't even talking about the boat specifically. they take fees in almost all b&m tourneys. it's just rake baby [img]/images/graemlins/smile.gif[/img], might as well ask where the rake goes in cash games.
|
|
#5
03-27-2005, 04:08 PM
|
|||
|
|||
|
Re: Where does the B&M tourney entry fee go?
[ QUOTE ]
might as well ask where the rake goes in cash games. [/ QUOTE ] No comment. [img]/images/graemlins/tongue.gif[/img] TT [img]/images/graemlins/club.gif[/img]
|
|
#7
03-31-2005, 01:24 AM
|
|||
|
|||
|
Re: Where does the B&M tourney entry fee go?
[ QUOTE ]
Keep in mind a large portion of the 350k must go towards paying for the accomodations. [/ QUOTE ] This is flat wrong. The overwhelming majority of players won entries via PP satellites which, if you look at the numbers, compensated for the total cost of the prize package (cruise, cabin, $$ and buy-in). The $350K is pure income. What their overhead is for the tourney is anyones guess, but a $500M company surely expects to come out ahead on this venture (plus whatever WPT pays them to license the broadcast rights).
|
|
#8
03-27-2005, 03:29 PM
|
|||
|
|||
|
Re: Where does the B&M tourney entry fee go?
The dealers were paid $0 to deal on the cruise ... whether it was cash games or live games. They received tips only. (3% was withheld from the main event's prize pool)
They did not pay for their cabin, but were responsible for port charges. (around $400 pp) Maybe that's a reasonable tradeoff. It just seems like the dealers got stiffed by not receiving any base pay. A lot of the dealers I spoke to were unhappy, and did not plan on returning next year.
|
|
#10
03-27-2005, 03:34 PM
|
|||
|
|||
|
Re: Where does the B&M tourney entry fee go?
To the house. How do you expect the house to profit?
|
 |
|
|
Hybrid Mode
