The plan to offer US players the chance to play $1 million guaranteed tournaments is costing Americas Cardroom around $200,000 per event.
The first of the five scheduled Million Dollar Sundays ran with an overlay of $225,500, and last Sunday, the October 4 event had an overlay of $197,500. In other words, Americas Cardroom has had to dig into its own pockets to pay out $423,000 of the $2 million it has so far guaranteed.
Three events remain in the $5 million promotion, and it remains to be seen if they'll continue to average $200k in overlay in the next three events.
“At this pace we may just spend $1,000,000 on this promotion alone,” commented the blog at Americas Cardroom.
The main issue the poker room has suffered has been technical. Distributed Denial of Service (DDoS) attacks have disrupted several satellites and deterred some players from entering.
“For a large part, registration is down because at the beginning of each tournament we’ve experienced massive DDoS attacks by an unknown party. These attacks are designed to flood our servers and disrupt gameplay. Our DDoS mitigation team has done a fantastic job to keep gameplay smooth, though it has effected participation. Expensive for us, yet great for you!”
When players disconnect as a result of an attack on the game servers, Americas Cardroom implements a “pause tournament” feature which stops game play for a while until everyone is back on.
The technical solutions have meant that the tournaments have been able to continue with minimal disruption, and Americas Cardroom’s security enhancements mean that even if the attacks continue for the next events, players should not find their experience diminished.
“Our mitigation team is doing a great job at squashing them, so downtime is usually about 30 or 40 seconds, with the time bank feature no one has missed a hand.”
The next million Dollar Sunday event on October 11, has been scheduled to start at 5pm EST, two hours later than the previous events.
“After all, the majority of our client base is from the US and Sundays are meant for sleeping in a bit and enjoying some football.”
There are plenty of ways to satellite in to the $540 buy-in Million Dollar Sundays, including three Mega satellites running Friday, Saturday and Sunday, guaranteeing 300 seats.
Americas Cardroom CEO Phil Nagy told Rakeback that he expected to run the five events with no more than $500,000 in overlays. He’s having a bad month, but the extra value is great for players.
By Joss Wood Rakeback.com Content Manager
Up to 30% Rakeback + €1000 Bonus
Up to 70% Rakeback + None Bonus
Up to 22.2% VIP Rakeback + $500 Bonus
Up to 30% VIP Rakeback + $600 Bonus
Up to 30% Rakeback + $1000 Bonus
Up to 27% Rakeback + $1000 Bonus