SteveKerr

Just putting out a feeler here.

I am just wondering what you would rather play. Equity satellites to major tournaments like The WSOP or satellites with no equity.

Equity meaning if you cash in the actual event you won the satellite a % of your winnings gets split up to those players that played in the same satellite

Please discuss you reasons. Thanks

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Wetts1012

I prefer non equity for 2 reasons:

1) Mentally, if I ever had a big win (for arguments sake lets say 100K), giving back 10% would be difficult to swallow.

2) (And I dont want to sound like a douche) I am better than the majority of the field in a satellite. Meaning: Im compensating for lack of skill more often than Im being compensated.

I dont know if that makes sense. Basically if we run a satellite with equity infinity times, I am going to cash and payout percentages more often than Im going to get paid by somebody else.

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Wetts1012

On the flip side, if running the equity tournament gets more bad players out (Im not convinced, but its been argued) then your EV can probably be calculated accordingly.

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HVEEPOKER

Just my 2 cents. Equity can be a good thing if it is all good players playing the satellites. I would not mind handing 10% of a good win to the guys I played in the satellite with. I am sure that most good players would agree with this.
The only thing is and I have seen this . A not so skilled player walks in and manages to suk out and bingo his way to a win.
No one that played that satellite is going to get paid because this guy is not going anywhere.
Once he sits down and sees Durr and Gus Hansen, Negreanu and say Nenan Medic at his table that will be it. Those are the only names I could think of off the top of my head.
If you ask me if I can cash. I think if I were to be careful and my head was right in it yes I could.
Depending on how many tables are running say 3. I would probably go with making a deal with the final 6 players.

DennisG

Interesting topic as I have been trying to put together a structure like this (equity..didn't know it actually had a name) for a BCPC Satellite as well. Thinking the top 5 got a piece of number one...

I am curious as to what everyone (that isn't as good as Wetts...lol) else has to say..

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Wetts1012

From an organizational perspective, I think equity satellites are a positive idea.

As a player, I think its an EV leak.

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HVEEPOKER

I have been considering playing this year at the BCPC. At least it would be a nice week or so In Vancouver. This could be something that Steve could maybe set up for us here in Ont as I know he had a part with some a few months ago wsop in Bolton I believe. I would be willing to help out if you like.
I believe Niagara is doing the Fallsview Classic again since it dosen't look like the WPT is coming back anytime soon. End of Dec, first week of Jan.
Like I said before though A lot depends on what type of players are playing. No one will know about everyones skill until they actually sit down and play against them for awhile.
Depending on the cost and number of tables you probably will end up pricing a lot of the bad players out also. On the other hand there are a lot of bad players who have more money then brains. lol

crazykoby

I agree with Wetts line of thinking, I consider myself to be a better then average player who has moneyed in the WSOP on multiple occasions. However what i really want to know is amongst this forum does the equity satellite help bring players out or hurt turn out? Steve and I ran 5 of these sat. tourneys last year and where never able to reach our goal of 20 players or more. We always fell one or two players short, somestimes more. Ideally i want to reach the 20+ player mark for each tourney, so if equity tourney is not the answer, then what is?

compuease

Perhaps if you two didn't play? Then the rest of us have a chance?

Wetts1012

Heres my line of thinking.

1) If you run equity tournaments, you may get people that are completely against it not showing up. Im not one of them, but there are people on this forum who have openly stated they will not show to these events.

2) If your tournament is NOT equity, the same people are going to show up that would have in the first place, and you may get some of those that are openly against it (although typically these are stronger players so it's kind of a win/lose).

I cant see anyone not showing up because you are not offering equity to the losers.

I saw the meetup poll, and voted that it was a good thing. Running a tournament of this nature can never be a "bad" thing.

I think a more realistic indicator would be to ask if you removed the equity would people still attend.

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Wetts1012

Honestly, running (basically) a winner take all 2 table sit n go is not going to attract a ton of interest.

One option is increasing the buyin and dealing with your field size. If Im going to pay $100 to play, I'll bet Im willing to pay $150.

A second option would be to put info up on 2p2 in the home poker section. There are alot of poker players in the GTA that are not PFC of Meetup members, but are on 2p2.

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crazykoby

I was planning on posting the Tourneys on 2p2 this year. I figured that there is a large pool of poker players their that we are not getting.

crazykoby

I've played with you old man! I know you have no fear of my game

Milo

Just to give you the *hee-haw* perspective, HVEE, and Wetts are bang on. In an equity tournament, especially a series of them like Greg and Steve ran, I might donk my way to a win one night. The result would be that no one from that night's event is going to cash their equity in, unless I am suddenly possessed by the spirit of Stu Ungar at tournament time.

Personally, I like the idea, but that is strictly from the standpoint of having an extra rooting interest in the WSOP, similar to placing a bet on March Madness games.

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compuease

It's not your game I fear, it's my own, or lack thereof....