OK - we've all had plenty of chance to voice opinions about this in the previous thread. I haven't heard Quads opinion on my point concept (I know he's been out of town all week and probably hasn't caught up with the threads yet), but I am interested to hear what he has to say about it.
So I'm starting a new thread. This thread is for you to post YOUR concept of a WSOP structure. Submit a reasonably completed plan (some details can still be worked out if we like the general concept).
I'd say that we run a "commentary" to these proposals in another thread to keep this one clean. Once we get 4 or 5 workable plans, we can run a pole to get a consensus for which event may get the most support. Since this is Quad's baby, he can make an executive decision, pick a format, nail down the details, put them in writing and get a schedule in place. (I'm happy to help if needed.)
I'll start with a reprint of my last post in original WSOP thread with a few more nuggets that have swept through my head today. I'm calling it the "WSOP Points/Series Plan"
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WSOP Points/Series Plan
1) I say we shoot for the $5,000 buy-in NL WSOP event. I do think we can build this type of prize pool from within our interested, active players through a series of tourneys. I really think the series concept will encourage more people to get involved which will, in turn, limit the investment that most of us will have to make. If for some reason, we don't reach the $5000 goal, then we go with a backup plan like send 2 people to the $1500 event, or send one with some traveling expences. (We would have a very specific back up plan outlined before the tourney series begins.)
2) I stand by my preference for a point based series of NL freezeout tourneys. This rewards both the players who do well in the prelim events as well as those who particpate in many events but don't necessarily do well. Those that play in a limited number events will likely be at a bit of a disadvantage for the main event (especially if they don't do particularly well in them) but they do still get a chance to play in the final event. If you've played in any of the WSOP point series tourneys (even if it's only one), you get a seat in the final event. I've crunched some more sample numbers and I think I like the concept of this award structure for the final event: Each player gets 1,000 in chips + 2x points in chips. A player with a 1,000 points gets 3,000 chips to start; a player with 100 points gets 1,200 chips to start.
3) You need to have played in X number (I think 3 is a good number) of BYOC regular (non WSOP events) before you can enter the WSOP series. This will put newer players at a slight disadvantage because they won't be able to get into the mix immediately. But, I feel very strongly about wanting to send one of our "own". There are several reasons for this which I'll not elaborate on at this time.
4) As outlined in my initial point system concept, the tourneys can be for any $ buy-in since points are based on the buy-in amount. Any BYOC player can host one of these events. They just have to get the cash to whoever is going to hold the money, and keep track of who gets what points and let the "point-keeper" know of the results.
5) My newest thoughts on this are to allow players to buy points. You could buy points from other players. You could buy points by paying for a seat in the prelim and not playing. You could show up to the final event and buy points to increase your stack size if you feel you're at too much of a disadvantage to the big stack.
My base plan on this concept is this:
a) Points are $1 each, just as if you had played in a prelim tourney and not finished "in the money".
b) You can by as many points as you like up to the amount of the big stack - you cannot just buy your way to chip leader.
This concept appeals to me in a couple ways. For those who prefer the "few or one event" type of format, could simply show up on the day of the final event and plunk down a chunk of money to be on equittable grounds with some of the chip leaders. One tourney, winner take all.
For those who don't want to make a big investment and decide they'd rather have some cash than a chance at a WSOP seat, they could sell their points off to someone who really wants them. They'd likely get less then 100% on their points but I'd guess they could get 75-95% cash/points. Those who play in say 4 events without any strong showing could get say $100 back for their in $120 investment. It would be like playing in 4-$40 cash tourneys and placing 3rd in one of them - better than a poke in the eye if you really don't care about the WSOP seat but want to take a few shots at trying to score some big points.
6) If we end up with more players then we can seat at one time for the final event, we can do 1 of 2 things:
a)Do a "blind draw" reserve list, single day event. We'll freeze the blind increases at say the third level until everyone has entered the game and then start the clock on that round (or something along these lines).
b) Do a 2 day (or same day) 2 seating event where we seat half the field until we get them down to 5 or 10 and then do the same with the second half of the field.
7) We pick the day (or weekend) for the final event well in advance, so that everybody can know right away to reserve that weekend from other social events. There's a strong chance that somebody may not be able to make that event (shit happens) and we'd have to have a plan to deal with that. Are they just SOL? Can they sell their seat and or points to another BYOC player? Can they sell their points to someone who is already in the tournament? I have no objection with allowing this type of exchange, but IMO, it needs to be decided before hand if it is allowed.
There is still some details required to nail this down, but I think this is a workable plan. I'm willing to:
-Track the points (hopfully we can get an easy way to post them here)
-Host as many events as is reasonably required (every week would be pushing it, but twice a month is reasonable. I'm sure we can fit 3 tables in my garage, so we can do big series events if there is interest.
-Hold the money if noone else is willing to. I'm not thrilled about that part, but would be willing to do it if there are no other volunteers. I'd suggest that we go through the trouble of opening an account just for this purpose that requires 2 sigs for withdrawl. It'll take some of the money from the fund to maintain this account, but the security of this would be worth it IMO.
I'll say again that I think we'd be best off if we don't pay prize money along the way - put all of the entry fees into the prize fund. If we find that we've collected excess, then we can pay for travel expenses or have a cash payout to some of the players of the final event. (Again, should be determined up front.)
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Again, please post anything other than "plans" in the "WSOP Plan Comments" thread to keep this one clean. If you want to submit a plan based on a previous plan, but with modifications, you can say "I like xxxxx plan with these changes..."
So I'm starting a new thread. This thread is for you to post YOUR concept of a WSOP structure. Submit a reasonably completed plan (some details can still be worked out if we like the general concept).
I'd say that we run a "commentary" to these proposals in another thread to keep this one clean. Once we get 4 or 5 workable plans, we can run a pole to get a consensus for which event may get the most support. Since this is Quad's baby, he can make an executive decision, pick a format, nail down the details, put them in writing and get a schedule in place. (I'm happy to help if needed.)
I'll start with a reprint of my last post in original WSOP thread with a few more nuggets that have swept through my head today. I'm calling it the "WSOP Points/Series Plan"
---------------------------------------------------
WSOP Points/Series Plan
1) I say we shoot for the $5,000 buy-in NL WSOP event. I do think we can build this type of prize pool from within our interested, active players through a series of tourneys. I really think the series concept will encourage more people to get involved which will, in turn, limit the investment that most of us will have to make. If for some reason, we don't reach the $5000 goal, then we go with a backup plan like send 2 people to the $1500 event, or send one with some traveling expences. (We would have a very specific back up plan outlined before the tourney series begins.)
2) I stand by my preference for a point based series of NL freezeout tourneys. This rewards both the players who do well in the prelim events as well as those who particpate in many events but don't necessarily do well. Those that play in a limited number events will likely be at a bit of a disadvantage for the main event (especially if they don't do particularly well in them) but they do still get a chance to play in the final event. If you've played in any of the WSOP point series tourneys (even if it's only one), you get a seat in the final event. I've crunched some more sample numbers and I think I like the concept of this award structure for the final event: Each player gets 1,000 in chips + 2x points in chips. A player with a 1,000 points gets 3,000 chips to start; a player with 100 points gets 1,200 chips to start.
3) You need to have played in X number (I think 3 is a good number) of BYOC regular (non WSOP events) before you can enter the WSOP series. This will put newer players at a slight disadvantage because they won't be able to get into the mix immediately. But, I feel very strongly about wanting to send one of our "own". There are several reasons for this which I'll not elaborate on at this time.
4) As outlined in my initial point system concept, the tourneys can be for any $ buy-in since points are based on the buy-in amount. Any BYOC player can host one of these events. They just have to get the cash to whoever is going to hold the money, and keep track of who gets what points and let the "point-keeper" know of the results.
5) My newest thoughts on this are to allow players to buy points. You could buy points from other players. You could buy points by paying for a seat in the prelim and not playing. You could show up to the final event and buy points to increase your stack size if you feel you're at too much of a disadvantage to the big stack.
My base plan on this concept is this:
a) Points are $1 each, just as if you had played in a prelim tourney and not finished "in the money".
b) You can by as many points as you like up to the amount of the big stack - you cannot just buy your way to chip leader.
This concept appeals to me in a couple ways. For those who prefer the "few or one event" type of format, could simply show up on the day of the final event and plunk down a chunk of money to be on equittable grounds with some of the chip leaders. One tourney, winner take all.
For those who don't want to make a big investment and decide they'd rather have some cash than a chance at a WSOP seat, they could sell their points off to someone who really wants them. They'd likely get less then 100% on their points but I'd guess they could get 75-95% cash/points. Those who play in say 4 events without any strong showing could get say $100 back for their in $120 investment. It would be like playing in 4-$40 cash tourneys and placing 3rd in one of them - better than a poke in the eye if you really don't care about the WSOP seat but want to take a few shots at trying to score some big points.
6) If we end up with more players then we can seat at one time for the final event, we can do 1 of 2 things:
a)Do a "blind draw" reserve list, single day event. We'll freeze the blind increases at say the third level until everyone has entered the game and then start the clock on that round (or something along these lines).
b) Do a 2 day (or same day) 2 seating event where we seat half the field until we get them down to 5 or 10 and then do the same with the second half of the field.
7) We pick the day (or weekend) for the final event well in advance, so that everybody can know right away to reserve that weekend from other social events. There's a strong chance that somebody may not be able to make that event (shit happens) and we'd have to have a plan to deal with that. Are they just SOL? Can they sell their seat and or points to another BYOC player? Can they sell their points to someone who is already in the tournament? I have no objection with allowing this type of exchange, but IMO, it needs to be decided before hand if it is allowed.
There is still some details required to nail this down, but I think this is a workable plan. I'm willing to:
-Track the points (hopfully we can get an easy way to post them here)
-Host as many events as is reasonably required (every week would be pushing it, but twice a month is reasonable. I'm sure we can fit 3 tables in my garage, so we can do big series events if there is interest.
-Hold the money if noone else is willing to. I'm not thrilled about that part, but would be willing to do it if there are no other volunteers. I'd suggest that we go through the trouble of opening an account just for this purpose that requires 2 sigs for withdrawl. It'll take some of the money from the fund to maintain this account, but the security of this would be worth it IMO.
I'll say again that I think we'd be best off if we don't pay prize money along the way - put all of the entry fees into the prize fund. If we find that we've collected excess, then we can pay for travel expenses or have a cash payout to some of the players of the final event. (Again, should be determined up front.)
--------------------------------
Again, please post anything other than "plans" in the "WSOP Plan Comments" thread to keep this one clean. If you want to submit a plan based on a previous plan, but with modifications, you can say "I like xxxxx plan with these changes..."
