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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..."
 
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In conjunction with my post in the "comments" thread, I would propose the following changes to Hagar's plan and nominate this as a possibility. If somebody else likes it too, tweak it as needed. I won't be offended...

1. Eliminate the buying/selling of points

2. For each tourney, pay out 25% of the total proceeds as tourney cash winnings. 2nd & 3rd place players win back the amount of their buy-ins (i.e. they have played and earned WSOP points for free). 1st place player wins the balance of the 25% cash winnings pool. All of them of course earn whatever WSOP points they're entitled to.

EXAMPLE:

20 person tourney @ $50 buy-in = $1000 total at stake
1st place finisher = $150 prize, plus points
2nd & 3rd place finishers = $50 prize, plus points
$750 to WSOP pool

That's the same as having 15 people participate at $50 in a points only tourney. I think we could get those 5 extra players by giving the cash prizes.
 

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In response to Hagar: (yes, I have been on vacation and have just returned)

Regarding the points tourney, I personally am not a fan of it. but I want to go back and read over it again to see if there was anything that I missed or parhpas have a different view of it after reading it a 2nd or 3rd time.

If we are picking a format to collectively vote on and run with, I'll lay out the format that I liked and suggested to the group, and Hagar has posted his that he suggests. Once everyone has thier views, ideas and comments, we all decide on the format and run with it.

Once a decisiomn is made, by the group, then those who want to play will play, and someone will go somewhere with a wad of cash.... perhaps the WSOP.
 
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I'm with DOC 100%.

And I'd like to recommend that even new BYOC players can play. (me, for instance!) :)

Why is it that Quads doesn't like the point system?
 

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My preference is still to do it in one shot. There is no rule that says you can't schedule 2 or 3 tourneys back to back and skip the cash game or do a rebuy tourney.

Specifically here are two proposals for a one day event:

1. (Non-Rebuy Tournament, with 2 preliminary "satellites") Run a preliminary event of 2 tables of 18-22 players (I think it is possible to get close to the maximum now these days with all the new BYOCers since the 9/11 game, for example, has 20 already) with $50 buy-in. That's at least $900 to $1100 already there. Play each table down to two places, with 2 tables there would be 4 finalists. Do it again (another $900 to $1100 in total entry fees) and you get 4 more finalists. Then the 8 finalist will battle it battle it out for a final WSOP entry winner (say the $1,500 event), where as the others might get some minor cash prizes. (In the event there are some duplicate finalists from the first prelim and the second prelim the finalists would get cash prizes for their duplicate winning finish. But all finalists (min. of 4 and max. of 8, in theory) shall start will the same amount of chips.

2. (Rebuy Tournament) Same as 1, but run 2 tables with $50 buy-in and one or two optional $50 rebuys (or 1 optional rebuy and 1 optional add on) during the first hour and play it down the one winner, with other places getting minor cash prizes. With 18 to 24 players you should be able to get at least $2000 I think, especially if a $1000 or $1500 WSOP is at the end of the rainbow.

Tom
 

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I propose a 3 table event happen at my place on October 23. I am proposing to invite 30 people who will each put up $60 for the buy-in. The 1st place prize will be $1,500 that we hope will be used for a WSOP entry of some kind (unless we want to make that request more official). The remaining $300 will go to the next 3 spots ($140, $100, $60).

I am proposing this after reading many of the posts in favor of sending someone to WSOP for one of the smaller events. I figure that if this tourney works well, it will open the door for something bigger shortly after. If it wirks well, I would propose holding a similar tourney omce every two months leading up to the WSOP so we send as many BYOC'ers as we can to the show in any capacity.

Let me know if anyone is interested in helping me plan this or if anyone does not want me to go through with the idea because it might ruin something else that is being planned.
 

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Hi Jason,

I think it is a little to early to set up a tourney to WSOP since the WSOP 2005 doesn't start until May (or have it been moved to July). I think should have the tourney for the WSOP when the schedule comes out.
 

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As promised, here is my reply to the “new WSOP� thread with my comments and suggested format. Please take the time to read it and I’ll be happy to answer any questions. Please do the same to any others that have posted their suggestions and format ideas.

First, there are a few of you who have referred to this WSOP tourney as my baby. I don’t take credit for it as being “my baby�. I simply had the idea from talking to a friend on the East Coast who is doing it there with his poker group and suggested that we should look at doing it as well. The format I suggest is based mostly on what they are doing which has proven to work for them, as they are already at 5K or so, so I figure play off that and not try to reinvent the wheel.

My idea and suggestion of running a series of satellite tourneys that would go toward a WSOP entry fee are is the following format. This is what I think would work the best and provide the best action, competition and excitement to the group. There are going to be those who have a stronger interest in playing these tourneys, and going on to the final stages and those who are not interested in the end of the road being, playing in Vegas as the show. I believe this format caters to each of them.

There are a couple of decisions that would need to be made, as there is recent talk of this being a $5K purse versus the 10K WSOP entry fee for the main event. This means that we would need to run anywhere from 10 to 25 events, depending on the interest and participation of the group, friends, family, etc.

FOR THIS EXAMPLE: I’ll take the base number of 10 events, which in this scenario will get us to a $5K prize based on 11 games. Each of the 10 games will be a satellite to the final game, which is where the tourney champ is decided.


Satellite Tourney Structure:
The buy-in would be $40.00.
All tourneys will be rebuy and add on friendly.
(you can rebuy and or add on in the first 3 rounds of play)
When the prize pool reaches $500 in entries, then the tourney is officially a WSOP event.
Therefore, there would need to be at least 13 people for a tourney to count towards the WSOP pool.
Any additional entries over 13 ($500.00) would be used to pay 2nd and 3rd place of that game.
1st place of the tourney would be awarded a custom BYOC Tourney Chip. The chip value is $500.00.
When the tourneys issue enough chips where the WSOP pool (or fund) reaches its goal, each person with a chip has their buy in to the final event paid for. (so in essence the final table is a $500.00 buy in) One shot takes all.
A player can play in multiple satellite events and win multiple events and effectively have multiple chips for the final table. There will be a limit of “x� chips that one person can win in each satellite. (something such as 3)
The buy in of the final table is $500 which is equal to one BYOC chip.
Rebuys would be $500 or Addons would be $500 which is equal to one BYOC chip.
So in theory, a player with 2 satellite wins would have two chips which s/he could use for their buy in and a rebuy. Or, he could sell the chip to someone else for $500. (or less, or more for that matter)

The math works out as such:
At a minimum, with 15 players / buyins, the payout would be:
1st = $500 chip to the final table
2nd = 60% of remaining cash ($60.00)
3rd = 40% of remaining cash ($40.00)

If there were 10 people on the satellite and there were 5 rebuys or addons then this would be considered 15 buy ins to the satellite. So, 10 players = $400, plus the rebuys, $200 = $600 prize pool.

The next satellite would run and we would do the same thing.
Let’s say we have 18 players.
1st = $500 chip to the final table
2nd = 60% of the remaining $270 from entries
3rd = 40% of the remaining $270 from entries

This would then put $1,000 in the WSOP fund.

Repeat satellite,
Game 3, $1500 in WSOP fund.
Game 4, $2000
Game 5, $2500
Game 6, $3000
Game 7, $3500
Game 8, $4000
Game 9, $4500
Game 10, $5000

In this model, there would be 10 chips issued. We could do more, we could so less. I would like to see 25 or 30 people at the final event. The final table would then (in the above scenario) be 10 players. Each with their chip as the entry. This tourney would be to award the WSOP fund to the winner of the final table.

With this model, we could do different numbers, which I put an excel sheet together that shows each game, the entry fee, the WSOP prize fund, the cash awards, etc. with the number of games needed to build a final number. (see more below)

After we hit $5,000 in WSOP funds and chips issued (basically 10 final table BYOC chips issued, 10 x $500 = $5,000), we'll have a final satellite playoff for anyone holding chips. I believe it would be fair for those that wanted a piece of the tourney that didn’t win a chip in a satellite could pony up $500 for the buy-in. Chip winners with multiple chips could use them for re-buys or add-on’s. And or, you could use your chip for the entry and cash for the rebuy, or likewise, a player could buy his way on to the final table with cash and use his / her chip as a re-buy or an add-on.

Depending on how the numbers were structured, I think it would be best to see that we have 25 to 30 chips issued for the final event. With that in mind, it may be worth exploring the idea that if a prize pool for a satellite exceeds $1,000 then two chips are issued to 1st and 2nd place, and the remaining is 3rd and 4th cash payouts. (more on this later)

The winner of the final event gets the $5,000 (or what ever it is) first prize which would be his / her entry paid for to the / a WSOP event which is in June. Any extra cash gets distributed to 2nd, 3rd, 4th 5, 6. etc. accordingly. OR, could be used to send others to the show, ie: 2nd and 3rd of the tourney get round trip air fare and hotel to Vegas. (should there be more in the WSOP Fund)

At this point, we have 10 months until the final WSOP event. That’s roughly 40 weekends to hold qualifiers and build the WSOP fund. I would propose that the money be in a safe location (such as a bank) and that we have a fool proof chip (to prevent forgery) and the statistics of players are tracked on the web site so everyone knows the schedule, who has vouchers, game standings, etc. I would plan to have custom BYOC chips made for this, and that they are tracked of who has which chips and or sold their chips to others.

Why I like it:
This takes advantage of several different facets of the playing strategy. A person who is in it for the money and not the WSOP seat could win the tourney and sell his / her chip for the cash value. A skilled player could enter once, win one chip and take it all, and a player that employs a more lose aggressive style could play multiple tourneys and have multiple chips on the final table for his entry, rebuy, or add on. Likewise with the skilled player, he could enter 3 events, win 3 chips and have his buy in, rebuy and possibly an add on paid for at the final table.

It’s Flexible to the players and games:
The other advantage about this is that the number can change in any direction, such that the satellite tourney could be a $25.00 buy in and the WSOP fund could be $250 per game that rolls over to the next week / game / towards the final event. This is illustrated in the excel sheet that I put together and posted, which you can view and see what different numbers produce. The sheet is located at http://www.byocpoker.com/wsop2005/WSOPCharts.htm You can play with the numbers and see what the different results are. For example we could do a bunch of $25 dollar events all the way up to (if there is the interest and the people with the bank roll) up to only a few $250 events.

Additionally, it doesn’t require a commitment from 20 players every weekend, every time. The idea of allowing and offering rebuys and add ons is to build the prize pool bigger and faster and create more excitement in the game. It also gives more people an opportunity to get closer to the final prize of 5 or 10K what ever it may be. (as reference) the tourney I held at my place was 18 people which produced 28 buyins for the cash prizes. I know there were a few others that would have rebought had they been able to, versus the add on option that we did.

I know some people don’t like the rebuy and add on style games, but the bottom line is that they create bigger prize pools, and create more action in the tourney.

I don’t think I would vote to limit someone having to have played in “3 BYOC games� to be able to play the tourney. That simply cuts off the hand that feeds us. Look at Tom and several others that have just started playing with us in our group. Suppose Tom has a friend that likes to play poker. When we say “no� to him on this tourney, we are also sending the message that “no, this is an exclusive club� which it is not. We are a group of people that like to play poker, respect each other, the game, house rules, and you are more than welcome to join any of our games and enjoy the fun we have. I for example know of a hand full of people that don’t play with us on a regular basis, but would love to catch one (or a couple) of these tourneys. I think we can all say close to the same thing.

Last:
This is not my baby. It was an idea that I threw out to the group. What ever the group decides, what ever format, points, chips, buy in, fund amounts, rebuys, freeze outs, etc, is the group decision. I am willing to manage the above scenario which I have most of the details and groundwork complete. One thing I would have left to do would be to publish the tourney rule book which would show all the numbers, games, etc. etc. If there is a collective vote for a different format or structure, then round everybody up and get the cards in the air.

Rather than starting another mile long thread, send me an email and I’ll answer your question in email. If it warrants a posting to this thread, I’ll edit this thread with questions and answers section, versus a run on thread that is littered with reply after reply.

EDIT 1:
The winner would not be able to take the WSOP fund and run. The bank where the booty was being held would write a cashiers check to "Harras Binion" and be given to the player to take with him. (or the money would be wired to the Binion with his / her name on it to use as entry fee';s when they arrived in Vegas). This would ensure that they WSOP fund is used where it was intended for)

Edit 2:
If the final goal (of what ever amount, be it $5K or $10K) wasn't reached, then each person who held a chip would get a vote as to what to do with the fund at that point. i.e.; Split it equally, toureny it to a winner for a different event (WPT, etc), tourney it off to 1st, 2nd, 3rd, etc. Those who held chips to the fund would vote on what to do, should the goal not be reached.
 
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It seems as if 2 good ideas have been tabled...Let's call them "The Points Plan by Hagar" and "The Chip Series by Quads." :wink:

I am not going to comment on either one, except to say that they both sound feasible and solid. One of them even offers cash payouts along the way, which captures my interest.

I am going to recommend that we now do something to make a decision.

Start a new poll that contains the nitty gritty details about both plans. Hagar & Quads...You two send your plans to each other, somebody put them all together in one posting, add a poll to it, and let the best man win.

That's as much additional input as I have at this point.

Amen, Brutha...
 

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Well, I guess the one-time tourney I proposed is not lightin' a fire under anyone's ass so I will table the idea and see how either Hagar's or Quads idea pans out. I will support and help plan any idea that starts becoming reality and gets me closer to the WSOP.
 

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Well the good news is the hell with it, I am going to try and put a tourney together anyways.........and seeing as I do not have any bad news, it's all good.

Look for an email in the near future with a feeler invite to guage interest. This Tourney in know way will take away from the other ideas being planned......it will only enhance the number of opportunities people will have to win big money.
 

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I'm all about a 1 day'r for a big(er) prize booty, or other structures that get people playing poker. If there is interest in this idea, then it will run its course. If Kahuna pulls one together, you'll prolly see me over there as well.

Hell, it doesn't even need to be about WSOP, start a thread on a 1 day multi satellite that pays $2500 bucks though 10 spots or something. New format for a tourney, but should sure's hell bring people to the table!
 

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Random thoughts:

Let me make sure I understand this: After either Hagar or Quads way is approved by the group, EVERY tourney after that will become a WSOP satellite event until the proper amount is funded? If that is the case would it turn off some BYOCers who do not want to participate in WSOP qualifying (albeit they can sell their winning chips, points, etc. but it may be too cumbersome), thus resulting in lower turnouts? After all, responders to my other posts have been telling me the structure I am proposing on my tournament and cash game is too complicated and BYOCers like simpler and more standardized formats (although I don't think my system is a great deviation. Maybe I am bias). We are still quite a new group (less than 3 or 4 months) so we shouldn't risk anything to jeopardize the momentum we have built up by running a sophisticated system. Again, some may think this massive qualification process will build up the excitement towards the final but it could easily go the other way.

Therefore, I would like to K.I.S.S. and just do a 1-day bash (I myself prefers instant gratification) and would rather pay $100 for a chance to win a $1500 or a $2000 seat on that day and not having to wait 10, 15, 20 weeks to get to the final table. There may be enough BYOCers on our list now to get 2 to 3 tables for a special 1-day tournament which net a $1500 or $2000 seat with enough left over to pay 2nd, 3rd, 4th places, etc. $100 entry fee should be easily with the regulars of BYOC.

Finally, I think a $5000 WSOP event is still too big to shoot for at this time. If you want to go for $5000 you might as well go for broke and aim for the $10000 main event. Otherwise, I am sure winning the $1500 or $2000 seat and "representing" BYOC would make that luck person's the highlight of his/her poker career (It would certainly make mine.)
 

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My one day tourney will just be a special occasion type thing and I am still not sure it will be strictly a WSOP thing. I had proposed this format long ago before all the point systems etc. were brought forth.

I do not plan on taking away from our regular games and that is why I only propose this as a one time shot to guage interest and logistics of running such a game.

I think we should limit the discussion of turning this into a "fund entries to the WSOP" type of group and get back to just playing our normal games with the WSOP planning happening in the background as "special events" that are in addition to our regular BYOC games and not "in place of".
 

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Ace,
Please post your one day format / structure in this thread so we have all three to look at.

I don't remember where / when you posted it.

Thanks!
 

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Hi Quads,

Here is the repost per your request"

My preference is still to do it in one shot. There is no rule that says you can't schedule 2 or 3 tourneys back to back and skip the cash game or do a rebuy tourney.

Specifically here are two proposals for a one day event:

1. (Non-Rebuy Tournament, with 2 preliminary "satellites") Run a preliminary event of 2 tables of 18-22 players (I think it is possible to get close to the maximum now these days with all the new BYOCers since the 9/11 game, for example, has 20 already) with $50 buy-in. That's at least $900 to $1100 already there. Play each table down to two places, with 2 tables there would be 4 finalists. Do it again (another $900 to $1100 in total entry fees) and you get 4 more finalists. Then the 8 finalist will battle it battle it out for a final WSOP entry winner (say the $1,500 event), where as the others might get some minor cash prizes. (In the event there are some duplicate finalists from the first prelim and the second prelim the finalists would get cash prizes for their duplicate winning finish. But all finalists (min. of 4 and max. of 8, in theory) shall start will the same amount of chips.

2. (Rebuy Tournament) Same as 1, but run 2 tables with $50 buy-in and one or two optional $50 rebuys (or 1 optional rebuy and 1 optional add on) during the first hour and play it down the one winner, with other places getting minor cash prizes. With 18 to 24 players you should be able to get at least $2000 I think, especially if a $1000 or $1500 WSOP is at the end of the rainbow.

Tom
 

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In theory then there would need to be 40 "yes" poeple that would need to make that happen for a one night / one day slam.

I don't understand how that builds a WSOP fund. We can easliy swing a $1500 prize pool in a tourney for a night. (one night tourney with add on's was $1,008 total) and that was 18 people that showed. Big Kahuna is talking about a 3 table event of $50 or $100 buy in, which would cross this line of a larger prize purse.

I like the idea of having a larger pool to win adn more spots to pay towards, however winning a $1500 tourney leaves you $8,500 shy of the 10K buy in for the main event.

You host it, I'd love to play in it. $1500 is more than I got in my pocket right now.
 

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Hi Quads,

Again, trying to shoot for the moon (i.e., trying to send a winner to the $10000 main event) is admirable, but not realistic at the infancy of BYOC. So we have to start small (i.e., $1500 or $2000 event). The rate that the group is going I feel we can easily get 20 BYOCers by some time in March thru May of next year to do this one-day event, especially when it is billed as a special event. If we were to go with a one-day event we shouldn't schedule it any time earlier than March to May anyway (by that time most of you would receive some tax refund).

I understand some of the BYOCers may not be veterans of the card room where they play $3-$6 limit and up but it would be pretty sad if you can't save up $150 of disposable income from now to next year (especially the lawyers in this group probably makes that amount in an hour and rest of us can do it to by stop playing $3 for a cup of coffee.) To put it in another way, our regular event (even though I only attended one so far) features a tourney with a $40 buy-in and almost all player would stick around for the cash game later. I would say most players would bring at least $100 to the regular game. Well, with this special event you would need $150.

I will fine tune my previous proposal (I like it because you have 3 chances to win the WSOP seat, albeit the last one would cost you dear: My one-day plan consists of 20 players (2 tables) and 3 tournaments (Satellite A, Satellite B, and Final Table). Satellite A will have a $75 buy-in so at 20 players we have $1500. Each table will play down to 2 players (there is no incentive to finish with more chips than your lone opponent), and the 4 finalists advance to the Final Table (with a theoretical $375 each in his/her ledger for qualifying). Then Satellite B will have the the same format. The finalists who qualified from Sat. A can elect to play or sit out Sat B (I would play because I don't want to wait 2 hours for the F.T. to start). In the event a finalist qualifies a second time from Sat B. s/he gets $375 cash immediately. Then the F.T. starts with a minimum of 4 players (chance of that is very slim, probably the odds of that being 20% x 20% x 20% x 20% = 0.0016 or 625 to 1) and a maximum of 8 players (much more likely). Let's say we will have 7 players at F.T. that give us $2450 to shoot for. At this time we will open up to any desperados who is willing to put up $375 for a seat in the F.T. (who knows, I might be crazy enough to do that if I weren't able to qualify in Sat. A or Sat. B since by paying this amount I will have the same chances as the other finalist, although I would probably have to survive on bread and water for the next month if I don't win anything at the F.T.), but we limit the number of players to 10. The winner of the final table will win either a $1500 or $2000 seat depending on the total entry fees and second, third, and may even the fourth place finisher will get some cash prizes (again, depending on the scenario). Anyhow, all finalist will start with the same amount of chips.

I estimate the total amount of time required will be Sat A. (2 hrs., since we only play to the last 2 finishers) + Sat B. (2 hrs.) + F.T. (2.5 hrs.) for a total of 6.5 hrs. so we should start earlier in the evening.

I will post my proposed format on the other thread.

Tom
 
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