Derby Lane Open Championship (St Pete FL)

[Etaipo]

Got this from the poker room today. Keep in mind that their tournaments are very frequently full, and their 300 entry tourneys are always sold out well ahead of time.

Derby Lane Open Championship Poker Tournament

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Come play in the Derby Lane Open Championship Poker Tournament.
This championship tournament will be the second of three in the championship series. The first was the restricted field of Silver & Gold . The third is the year’s end: Champion of the Year Tournament in December.
The champion will receive a gold champion’s bracelet engraved with their name and tournament title.
The 2005 Derby Open will be held on June 26th, 2005 and will be limited to a 300 Player field.


June 26th, 2005 @ 1:00 pm
Pre-Registration begins June 14th, 2005
* Tournament Gift Certificates available for Father’s Day

Tournament Information Below:

Entry Fee: $45.00 Player Buy-in

General Rules: All players start with 700 betting units
Tournament chips have no cash value
No progressive pots
1 entry per person, no re-buys
Minimum of 50 players, Maximum set before sign-up begins
Tournament must start and end on the same day

Specific Rules: Maximum of 300 players; Minimum of 50 players
Gold Champions Bracelet awarded at the conclusion of the tournament

Blind Structure: 20 Minutes: Small-$10, Big-$15
20 Minutes: Small-$15, Big-$25
5 minute break to color up $5 units
20 Minutes: Small-$25, Big-$50
20 Minutes: Small-$50, Big-$100
5 minute break
20 Minutes: Small-$100, Big-$200
20 Minutes: Small-$200, Big-$400
5 minute break
20 Minutes: Small-$300, Big-$600
20 Minutes: Small-$500, Big-$1000
5 minute break
20 Minutes: Small-$1000, Big-$2000
Remainder of Tournament: Small-$2000, Big-$4000

Pay-outs with max. 300 entrants: 1st $3000.00 2nd $1340.00

3rd 960.00 4th $760.00 5th $670.00 6th $570.00
7th $480.00 8th $380.00 9th $280.00 10th $210.00 11th-20th $95.00

149 Players or less pay-outs will be based upon the following percentage:
1st 31% 2nd 14% 3rd 10% 4th 8% 5th 7% 6th 6%
7th 5%8th 4% 9th 3% 10th 2% 11th-20th 1%

[BigBluffer]

Total cash paid out = $9600.
$9600/300 entries = $32 per entry.

That means this is a $32+13 tourney. Wow! That's some vig. Over 40%. But then again, I'm sure the bracelet more than makes up for it. [img]/images/graemlins/grin.gif[/img]

[Etaipo]

Yeah, pretty nasty, but there aren't many alternatives.

Anyways, just a reminder, it is THIS Sunday. I believe it is sold out, so if you did not register, you are probably out of luck.

Is anyone else going to be playing? I'm coming up from Venice with a group of other players.

[vox]

The only other game in town, besides the boats, is the Seminole Hard Rock. They offer these tournaments:
$28+$12 single table satellite to a $200+40 (advertised as a $30+10, but it pays $280 out, not $300)
$63+$17 single table satellite to a $500+50 (advertised as a $65+$15, but pays $630, not $650)
$85+$15; $100+20; and I think a $200+25, in addition to the aforementioned $200+40 and $500+$50. Some of those are multi-tables.

When the alternative is $2 max bet on the ring games, the tourneys are the only shot at "real poker" to some. But these tournaments sell out and go off - the free market at work.