Local live tournament fee structures

    • vaulsc
      vaulsc
      Bronze
      Joined: 28.06.2012 Posts: 124
      Hopefully I've got the right forum.

      Where I live in Auckland, Skycity Casino has a monopoly, so they can set high rake and high tournament fees. I'm looking at the $60 (45+15) event which attracts around 50 players as well as the $200 (170+30).

      With structures like that, would these events be too difficult to beat?

      I entered the $60 event the other night, felt confident that I was in the top 5% of players in terms of ability, and cashed out in third. But I'm skeptical about what my ROI would be in the long run. I'm used to playing cheaper tournaments in bars that don't charge entry fees, and of course micro-stake MTT's on pokerstars.
  • 6 replies
    • letmewinplz8
      letmewinplz8
      Bronze
      Joined: 15.05.2010 Posts: 439
      I would say because it's live you probably still can beat these although it really sucks that has such high rake. Probably would try to avoid the $60 as much as I possibly could 33% rake is absurd.
    • metza
      metza
      Bronze
      Joined: 28.01.2012 Posts: 2,220
      Oh, another New Zealander awesome!!

      I am from Wellington, but played in that $60 SkyCity tourney once. It is very soft, and is still my biggest MTT cash ever ($1085 for 2nd). I thought it was $50+$10 when I played there.

      I think it is beatable, but not for much. The $2/$4 cash game on the other hand, you could make a very good living playing there imo.
    • vaulsc
      vaulsc
      Bronze
      Joined: 28.06.2012 Posts: 124
      I've played the $2/$4 cash game... but the rake is 10%! I heard it's capped, but what is it capped at?
    • metza
      metza
      Bronze
      Joined: 28.01.2012 Posts: 2,220
      Originally posted by vaulsc
      I've played the $2/$4 cash game... but the rake is 10%! I heard it's capped, but what is it capped at?
      I think at $10 or $15. Which is actually quite good (as far as NZ goes) given that its a $2/$4 game.
    • mineriva
      mineriva
      Bronze
      Joined: 30.04.2008 Posts: 913
      i would not mind the 10% rake if it was capped at 3BB.

      It makes game faster because dealers dont have to work out the rake and the players will pay less rake because of the cap
    • Asaban
      Asaban
      Moderator
      Moderator
      Joined: 22.09.2006 Posts: 8,242
      45+15 is ridiculous and I would never play such a tournament. The fee makes no sense and it should be quite hard to beat (although you most likely will beat it for a few % because it's a low buyin live tournament).

      170+30 is still quite high but I guess it's alright. Not sure I would be willing to play at a casino that rips people off in other tournaments though.

      Regards,
      Asaban