$100 Million at NoblePoker

David Zed · #1 10-01-2005, 08:11 AM

Anyone check the No Limit Hold'em Tourny at Noble offering a monstrous Jackpot Prize of $100,000,000!!! ?

Is this real? what is the catch?

Uglyowl · #2 10-01-2005, 08:28 AM

Kind of like offering $1 Million if the 4th batter of the 7th inning hits a grand slam (highly unlikely)

-They are holding a live tournament in Vegas

During the Final Table action, if one of the players will hit a Royal Flush of Spades he will win the $100,000,000 Grand Prize

The additional Jackpot Prizes are:

1. Any other Royal Flush - $1,000,000
2. Any Straight Flush - $1,000,000
3. 4 of a kind Aces - $500,000
4. 4 of a kind Kings - $500,000
5. 4 of a kind Queens - $250,000
6. 4 of a kind Jacks - $250,000
7. 4 of a kind 10's - $250,000

ipp147 · #3 10-01-2005, 08:29 AM

from their site. I assume they are insured against it,

[ QUOTE ]
During the Final Table action, if one of the players will hit a Royal Flush of Spades he will win the $100,000,000 Grand Prize! An enormous prize like which has never been seen in the history of poker. A hand no one will ever forget.
And that's not all…if you come close to hitting the Royal Flush, you'll also go home a millionaire!
The Final Table at this tournament will be the most exciting in poker history, as we'll have several more Jackpot hands.

[/ QUOTE ]

Interesting gimmick

SmackinYaUp · #4 10-01-2005, 08:50 AM

I'd have to say that being at the final table in a major land tournament + huge bonuses for hitting unbeatable hands = +ev.

sexdrugsmoney · #5 10-01-2005, 09:01 AM

</font><blockquote><font class="small">En respuesta a:</font><hr />

Is this real? what is the catch?

[/ QUOTE ]

It's on Noble Poker. [img]/images/graemlins/grin.gif[/img]

Sciolist · #6 10-01-2005, 12:00 PM

So.... Anyone know any good card manipulators and wants to go 50/50?

IggyWH · #7 10-01-2005, 01:44 PM

If I played tournaments and was good, I'd jump all over this.

I'd like to know who is backing them for the $100,000,000 though. That's a lot of change to put up even for a hard to hit gimmick.

Sifmole · #8 10-01-2005, 04:53 PM

[ QUOTE ]
If I played tournaments and was good, I'd jump all over this.

I'd like to know who is backing them for the $100,000,000 though. That's a lot of change to put up even for a hard to hit gimmick.

[/ QUOTE ]

It's called "Insurance". Noble doesn't pay, an insurance company does if it happens.

IggyWH · #9 10-01-2005, 05:09 PM

[ QUOTE ]
[ QUOTE ]
If I played tournaments and was good, I'd jump all over this.

I'd like to know who is backing them for the $100,000,000 though. That's a lot of change to put up even for a hard to hit gimmick.

[/ QUOTE ]

It's called "Insurance". Noble doesn't pay, an insurance company does if it happens.

[/ QUOTE ]

Really? I had no clue!!!

My point is who is this insurance company that's backing this? I'd want to know this and be sure they could pay $100,000,000.

Guthrie · #10 10-01-2005, 08:22 PM

It's quite common, actually. There's very little difference between calculating the odds of hitting a royal flush in spades and New Orleans being flooded. Once the actuaries come up with a number they issue the policy and lay off some or all of it to other insurance companies to spread the risk.