$30M Gtd week

[grimReaper]

Any cash game players gonna play this? Not sure if it's worth it or how profitable it's going to be. Most gtd tournaments fill up just over the gtd anyway. With them doubling the guarantee, the field will probably be 50% more of it generally is.

[travz21]

Any cash game players gonna play this? Not sure if it's worth it or how profitable it's going to be. Most gtd tournaments fill up just over the gtd anyway. With them doubling the guarantee, the field will probably be 50% more of it generally is.

Which site?

Whatever site it is, they aren't just doing it out of the goodness of their heart and pumping in more money to the prizepool out of their pockets. They know they're going to get enough people to still at least break even during the week.

[grimReaper]

FT.

So almost every tournament will have ~2x the entries? I think FT will be paying a little out of their pocket.

[travz21]

FT.

So almost every tournament will have ~2x the entries? I think FT will be paying a little out of their pocket.

Hopefully they'll be paying. I might play in a couple Rush or regular turbo MTTs if I'm feeling up to it. Those at least are done within 4 hours usually.

[grimReaper]

I think I'll sit out the first day, observe the benefit, then decide to play or not.

[McDummy]

What about MGR hit for the overlay? How will that work out?

[grimReaper]

What about MGR hit for the overlay? How will that work out?

Should be like normal. Excess money in the pool divided by # players is deducted for each tournament.

[grimReaper]

So I went through the lobby and looked through completed and running MTTs. This promotion is just crap. Every double guarantee is being met b/c every tournament is multientry.

However, there are a few tournaments that are not multientry and have dead money in them: the two $11 daily doubles, the two $75 Big Doubles, a $5.50 cashout, a $11 6max cashout, and it's possible an upcoming $22 turbo cashout.

Anyway, I worked out some caculations on how dead money improves ROI (I was tempted to play the Big Double, even though the biggest MTT I've played are $11 ones):

In reality, bi of the big double is $66. If I have r% ROI, I'm expected to make r*$66 profit. But with only 258 players playing, there is an additional $4520, so it's like I'm playing a $77+$6 tournament, and I'm expected to profit r*83 - 4520/258*.27 = r*83 - 4.73, taking into count the rakeback deduction.

*If* my ROI is say 40%, I am expected to profit $26.40 without the double guarantee, and with the double guarantee I'm expected to profit $28.47, just $2.07 (or 3% ROI) more! Pretty pointless promotion by FTP.

[grimReaper]

Actually, if you compare revenue, you get around $20, so there is a benefit. Trying to find out why comparing profits is wrong.