Friday Aug. 13th, 2010
**PLEASE NOTE THE DATE HAS CHANGED***
The plan is to run 1 a month, the plan is also to run a $500 Main Event Satellite later in the year.
START TIME 7pm
This will be a satellite for The 2011 World Series of Poker for a $1500 or $1000 Event MINIMUM of 10 players needed to make these tournaments happen. Someone will win a seat to either one of the $1000 WSOP Events or $1500 WSOP Events, depending on the number of players in the satellite.
Here is your chance to go to The 2011 World Series of Poker in Las Vegas for
$150 US Dollars
Rules for this tournament; The usual rules that we have been following for all Orangeville Poker Tour Events in addition to the following;
1.
Tournament is in US Dollars since you are winning your buyin into a US Tournament.
2. The goal is to get 18 players to be able to give away a $1500 seat plus $1000 for expenses. This can be adjusted depending on how many players show up. In other words we can offer a $1000 seat instead.
3. The following payout structure is based on 18 players 1st - $2500, ($1500 will be held back for the tournament buy-in) the rest of the payout structure will be dictated by how many players come out, with 20 players 2nd place will get $500. There was 15 no limit events at the 2010 WSOP. Once the schedule is released for the 2011 WSOP, winners will be emailed and get to choose which $1500 event they want to play. Then we will pre-register each winner for the event that they choose. The WSOP usually runs from the end of May to the beginning of July.
4. This is an equity tournament. Any winnings (only that after 30% tax is taken. $5000 and up gets taxed) from the WSOP tournament will be divided amongst the players that were in that particular satellite tournament. 85% to the winning player in the WSOP, the remaining 15% divided evenly amongst the players from that tourney.
5. All players will sign a contract at the beginning of the satellite tourney in attendance agreeing to these terms.
Tournament starts at 7:00pm, doors open at 6:30pm
Starting Chips: 4500
Buy-In: $150 USD
With this structure this tournament will have a 6 out of 6 Skill Level and a Patience Factor of 11.93 Prize Pool: (less then 18 players)
To be discussed amongst players in attendance
Prize Pool: (18 players)
1st - $1500 Buy In to your choice of $1500 Event at The 2011 WSOP + $1000 to use towards flight and accomadations
2nd - $200
Prize Pool: (19 players)
1st - $1500 Buy In to your choice of $1500 Event at The 2011 WSOP + $1000 to use towards flight and accomadations
2nd - $350
Prize Pool: (20 players)
1st - $1500 Buy In to your choice of $1500 Event at The 2011 WSOP + $1000 to use towards flight and accomadations
2nd - $500
(21 players)
1st - $1500 Buy In to you choice of $1500 Event at The 2011 WSOP + $1000 to use towards flight and accomadations
2nd - $500
3rd - $150
(22 players)
1st - $1500 Buy In to you choice of $1500 Event at The 2011 WSOP + $1000 to use towards flight and accomadations
2nd - $550
3rd - $250
(23 players)
1st - $1500 Buy In to you choice of $1500 Event at The 2011 WSOP + $1000 to use towards flight and accomadations
2nd - $650
3rd - $300
(24 players)
1st - $1500 Buy In to you choice of $1500 Event at The 2011 WSOP + $1000 to use towards flight and accomadations
2nd - $750
3rd - $350
Blind Levels: 30 minutes and follows WSOP format for intermediate tournaments with each level and starting chip stacks
Level 1 = $25 - $50
Level 2 = $50 - $100
Level 3 = $75 - $150
Level 4 = $100 - $200
10 mins Break
Level 5 = $100 - $200; 25ante
Level 6 = $150 - $300; 25ante
Level 7 = $200 - $400; 50ante
Level 8 = $300 - $600; 75ante
10 mins Break - CHIP RACE (25 chips)
Level 9 = $400 - $800; 100ante
Level 10 = $500 - $1000; 100ante
Level 11 = $600 - $1200; 100ante
10 mins Break
and so on
Usually a 1-2 no limit cash game starts once enough players are eliminated from the Tournament
As Always this is BYOB, I will supply some snacks and some pop.
If interested in attending please post either here or on the following
2011 WSOP Satellite To A $1500 or $1000 Event (in Bolton) - Orangeville Poker Tour (OPT) (Orangeville, ON) - Meetup.com 
