World series final event payouts

[B-Man]

I'm one of the 6,600, and I think this is fantastic.

[Vincent Lepore]

[ QUOTE ]
7.4 million probably isn't even 15% for the guy that ends up with all the chips.


[/ QUOTE ]

True. But, I like the flatter payouts. One problem, though, is that, in my opinion, the flatter pay outs will attract more Poker Professionals. That can't be good news for Tournaments Specialists.

Vince

[MicroBob]

I would actually be happy with 20% paying out as well.
Even if 1000th place got less then their EF back.


On the PPM cruise it paid 180 out of 735 places ($10k EF that most people won via a satellite).
I finished 177th for $5215 and was pretty darned happy.



I wouldn't mind at all if the WSOP lower prize money was less than $15k.

[Easy E]

I miss the days when RGP had that kind of discussion

[Nottom]

[ QUOTE ]
I know from reading RGP and other stuff, that the top tourney pro's would rather have less payouts and the money much more top heavy in the top few spots. With 6600 playing and most of them not pros, a flatter structure makes a lot more sense.

Here is a thread from the past with a Daniel and several other well known RGPers.

http://tinyurl.com/azs4c

Ken

[/ QUOTE ]

That thread is interesting, but I don't think any of them were anticipating that the WSOP would ever have 6000 people and be paying the 9th place player over $1,000,000.

[ohkanada]

Certainly not.

I wonder if any of the tourney pro's have changed their tune. I suspect they would still want to pay less number of players but pay the top few spots more. Considering there will be almost 3 times the number of players from last year but only paying the top prize 50% more, it does seem like a helluva bad beat for the winner. One we all want of course!

Ken

[ohkanada]

Based on 6600 entries, the total prizes would be just over 62 million. Here is one possible way to break that 62 million down into 664 spots using the assumptions that I read from that interview:

1 $7,400,000.00
2 $4,500,000.00
3 $3,300,000.00
4 $2,800,000.00
5 $2,300,000.00
6 $1,900,000.00
7 $1,550,000.00
8 $1,250,000.00
9 $1,000,000.00
10-12 $750,000.00
13-15 $600,000.00
16-18 $430,000.00
19-27 $330,000.00
28-36 $250,000.00
37-45 $190,000.00
46-54 $150,000.00
55-63 $125,000.00
64-72 $100,000.00
73-81 $80,000.00
82-162 $60,000.00
163-324 $45,000.00
325-486 $30,000.00
487-664 $15,000.00

Ken

[Corey]

I fear how long 70 tables hand-for-hand will take.

That being said, as one of the 6600, I am very happy about the flatter payout structure, especially the $15k at the bottom. Don't forget that the residual income from winning the WSOP will probably push that $7.4m way up.

[cwsiggy]

especially if you qualify on Full Tilt! hehe make that 17 million!!

[lastchance]

I see many advantages to a flatter payout.

1. Taxes. If you gain a huge amount of profit for gambling, much of it will surely go to the IRS. If you create a flatter payout, you can have more of that income go to the players, and less go to the IRS, which, I believe, takes up a lot of the $EV of playing MTT's.

2. Deal-making. If payouts are relatively gradual, especially at the final table, very suddenly, most of the incentive for deal-making goes away, which has to make for somewhat more watchable and competitive poker.

3. $EV considerations at the table. With a flatter payout, people will be more aggressive and more willing to play for first. We will see somewhat more entertaining poker, rather than gap concept play.