Vancouver (the one in Washington) player Noah Merritt outlasted 1,290 other PLO players to make it to 3rd place and an impressive $89K cash. He gets it in good with a straight on the flop on his final hand but is outdrawn.
51 PNW players made it through Monster Stack Day 1A, and another 71 survived Day 1B, bringing 122 into the field of 2,060 returning for Day 2. Notable (to me, anyway) among the PNW players was Robert Brewer, who I interviewed for PokerNews last month. As for the rest, I’ll let the table speak. With a total of about 7,200 entries over the two days (down over 500 entries from last year), there’s still nearly $1.3M up top, and 720 players will make the money, likely sometime late tonight.
Congrats to David Price and Matt Tonkins (both Washington) for 10th and 19th place finishes in the field of 207.
Binion’s Poker Classic Event #21 $160 NLHE
Sam Mueller of Portland took 5th in a field of 243. Christyna Thomas of White City, Oregon missed the bubble in 27th.
PHamous Poker Series Event #16 $130 NLHE Double Stack Turbo $5K Guarantee
This event got 127 entries and Rider Mosley of Veneta, Oregon took 7th for $500.
PHamous Poker Series Event #18 $150 Big O $5K Guarantee
203 entrants. Thomas Rabadan of Yakima, Washington took 9th, Cameron Herzog of Portland made it to 13th.
PHamous Poker Series Event #19 $400 NLHE $200K Guarantee
$200K in one day is the motto of this recurring event at Planet Hollywood. After a deal, four players up top of the 579 entrants took home about $20K each, another made $26K, and the first place finisher got $30K. Christopher Hogue of Spokane, Washington got 6.9K for 7th, which is still not a bad ROI. Also cashing in the event: Rajagopal Seshasankaran (WA) 29th place, Vincent Poudrier (OR) 32nd, Gerald Huynh (OR) 43rd, Alan Snow (WA) 60th, and Chun Chen (WA) 61st.
The Monster Stack isn’t all that’s going on at the WSOP. There’s a $1K NLHE tournament starting at noon, and a $3K PLO8 game at 4pm.
The Venetian has the final flight of a $600 entry $250K guarantee, with a $30K guarantee NLHE Black Chip ($100) bounty tournament this evening for $300 buy-in.
Planet Hollywood’s Goliath has two flights today, with final day tomorrow. $565 for entry/re-entry, and a $500K guarantee.
Aria switches it up with a $450 2-7 Triple Draw tournament at 1pm and $130 NLHE in the evening.
At the Wynn Summer Classic there’s a $25K guarantee NLHE game for a $300 buy-in.
In another case of extra chips forcing an event into an extra day, three HORSE players will be returning to play out for the bracelet on Day 4. 31 started Day 3, including Esther Taylor-Brady of Washington who placed 25th, Ian Johns of Washington, who finished in 21st place, for $6.4K, his third and largest (so far) cash of this summer. Oregon’s Jeffrey Mitseff started in 8th position in chips and finished the tournament in 8th place—the first player to exit the official final table—for a $20K cash.
Rank End of Day 2
Rank End of Day 1
Player
State
Chips End of Day 1
Chips End of Day 2
In the Money Finish Position
8
136
Jeffrey Mitseff
OR
19,300
237,000
8
25
41
Ian Johns
WA
32,000
81,000
21
12
34
Esther Taylor-Brady
WA
33,400
188,000
25
192
Andrew Rennhack
WA
14,300
63
107
Daniel Ratigan
WA
21,600
67
94
Michael Horowitz
WA
22,900
128
Lee Goldman
WA
19,800
174
Jason Lowe
WA
15700
179
Dylan Linde
ID
15,100
184
Thomas Taylor
BC
14,900
206
Rep Porter
WA
12,100
213
Bruce Burke
WA
11,500
236
Greg Mueller
BC
9,500
263
James George
WA
7,200
289
Joseph Ogden
WA
3,800
WSOP Event #25 $5K NLHE 8-Max Day 3
Scott Eskanazi was the last PNW player (WA) in play in this event, getting to 14th place for a $24K cash. He also cashed in the Colossus.
WSOP Event #26 $1K PLO Day 2
After the decimation of Day 1, another winnowing took place as the field went from 129 to 16. Noah Merritt of Vancouver, Washington is in a solid 6th place. Dylan Linde (Idaho) cashed 109th and Kyle Ho of British Columbia was 88th. Oregon’s Dan Martin and Erich Wehrmann tag-teamed 82nd and 81st, respectively. Eric Pratt of Washington was 67th, Nick Davies of Oregon took 65th. All jurisdictions represented!
WSOP Event #27 $10K Seven Card Stud Day 2
Rep Porter took 10th place, Scott Clements is in the middle of the pack of 8 starting Day 3.
WSOP Event #28 $1.5K NLHE Monster Stack
The first entry day of this year’s edition of the Monster Stack is in the bags. More than three thousand players took their shot (their only shot, no re-entry) on Friday, with 825 making it to the end of the day. 51 PNW players made it through, with seven of those in the top 50 for the day. Rounding out that group in 50th place was Jacqueline Burkhardt, with 123,500 chips.
Among the others from Oregon, Pok Kim (or Kim Pok, if you prefer), who not only cashed in this event last year but final-tabled a $1K in 2014; Joe Brandenburg, who’s got the experience from being heads-up for a bracelet; and Final Table’s Heath Bloodgood. Also notable down near the bottom of the chip counts is Mike Johnson, the former co-host of the 2+2 PokerCast.
Day 1B has already started. Get to your seats before they start gathering up stacks at the end of Level 3!
Last break of the night. 11k. Spending break crawling under tables of big stacks for possible chips dropped on the floor. #notsomonsterstack
Another day, another Monster Stack entry day at the WSOP. If you don’t like NLHE (and you have $10K to burn), why not try out this afternoon’s NL 2-7 Draw tournament? I bet Phil Hellmuth will be there.
The Venetian kicks off a $250K guarantee with two flights today (and one tomorrow). $600 buy-in with re-rentry.
Planet Hollywood runs a $200K guarantee one-day $400 NLHE event at 11am. Tomorrow is the $565 entry Goliath with a $500K guarantee.
Aria is running NLHE with $235 buy-in and a $150 buy-in, both one-day tournaments.
It’s the last day to enter the Wynn Summer Classic $100K guarantee for $400 buy-in.
The Grand Poker Series has another $100K guarantee for $350 buy-in. A couple of these have had significant overlay.
Binion’s Poker Classic is your place for non-NLHE that’s less expensive than the 2-7 at the WSOP. A $10K guarantee PLO8 tournament starts at 2pm for $220. Bust the Monster Stack and you can go somewhere where you get more cards for your buck!
At one point during Day 3, the last two PNW players in the first “normal” $1K NLHE event of the series were at the bottom of the chip count with about 20 players left. Oregon’s Angel Farrington was down to 71K with blinds at 10K/20K/3K when she had a crucial double-up and then another after going back down to 46K. It wasn’t enough to keep her from going out in 11th place ($18.2K), but it was a valiant try. Cole Jackson’s (WA) comeback was even more impressive; he made it heads-up for a bracelet with Sam Greenwood, falling on the 26th hand after the next-to-last player was eliminated and winning $197K.
In the Money Finish Position
Rank End of Day 2
Rank End of Day 1
Player
State
Chips End of Day 1
Chips End of Day 2
2
15
9
Cole Jackson
WA
112,900
335,000
11
10
90
Angel Farrington
OR
42,100
427,000
23
15
Jonas Mackoff
BC
100,900
39
1
Kyle White
BC
184,900
74
66
Mikey Nguyen
WA
50,300
91
152
Chi Chan
BC
23,300
94
137
Scott Davies
BC
27,300
106
141
Seth Davies
OR
26,700
124
84
Alejandro Verduczo
WA
44,000
193
159
Binh Nguyen
OR
20,900
194
179
Kyle Ho
BC
17,100
185
Alan Snow
WA
14,200
196
Joe Baldwin
WA
10,500
202
Chris Back
BC
8,100
WSOP Event #24 $1.5K HORSE Day 2
Two Portland-area players made it through Day 2, along with Newcastle, Washington’s Ian Johns, who will me making his third 2015 WSOP cash in this event. Esther Taylor-Brady of Vancouver has also cashed already. Jeffrey Mitseff—the roommate of well-known Portland player Jeremy Harkin—is in a solid 8th place out of the remaining 31.
Hitting the rail, but making the money in the last 80 players were Andrew Rennhack and Daniel Ratigan—both of Washington—who took about $3K each.
Rank End of Day 2
Rank End of Day 1
Player
State
Chips End of Day 1
Chips End of Day 2
In the Money Finish Position
8
136
Jeffrey Mitseff
OR
19,300
237,000
8
25
41
Ian Johns
WA
32,000
81,000
21
12
34
Esther Taylor-Brady
WA
33,400
188,000
25
192
Andrew Rennhack
WA
14,300
63
107
Daniel Ratigan
WA
21,600
67
94
Michael Horowitz
WA
22,900
128
Lee Goldman
WA
19,800
174
Jason Lowe
WA
15700
179
Dylan Linde
ID
15,100
184
Thomas Taylor
BC
14,900
206
Rep Porter
WA
12,100
213
Bruce Burke
WA
11,500
236
Greg Mueller
BC
9,500
263
James George
WA
7,200
289
Joseph Ogden
WA
3,800
WSOP Event #25 $5K NLHE 8-Max Day 2
Chad Wassmuth of Idaho made his third 2015 WSOP cash in this event, placing 24th just before the end of the day for $16.2K. Scott Eskanazi of Mercer Island, Washington is still alive going into Day 3, in 15th place out of 23 remaining. The field started with 493.
Rank End of Day 2
Rank End of Day 1
Player
State
Chips End of Day 1
Chips End of Day 2
In the Money Finish Position
15
43
Scott Eskanazi
WA
87,200
318,000
186
Chad Wassmuth
ID
16,200
24
16
Tai Nguyen
WA
131,800
17
Shawn Buchanan
BC
128,700
97
Noah Villancourt
BC
53,900
128
Lee Markholt
WA
39,700
WSOP Event #26 $1K PLO Day 1
Action was fast and furious in the PLO event. Even with extra chips, half the field was decimated by the second break of the day. Noah Merritt of Vancouver, Washington is the highest-placed PNW player at the end of Day 1, in 10th place of 129 remaining. Eric Pratt of Kennewick, Washington sits in 33rd. WSOP hasn’t posted anything on the 15 players who cashed on Day 1, so I don’t know about any results there.
WSOP Event #27 $10K Seven Card Stud Day 1
Scott Clements is in 28th place and Rep Porter is in 33rd. Both are from Washington. 51 of 91 players are coming back to Day 2, only 16 places pay.
Grand Poker Series #23 $350 HORSE
Seattle’s Chen Chun made the final table for a 9th place finish and $1K prize.
Grand Poker Series #24 $125 NLHE
Barry Pritchard of British Columbia was in a 10-way chop for $1.5K each at the final table.
PHamous Poker Series #12 $300 NLHE $100K Guarantee
Planet Hollywood got 749 entries for the latest edition of this tournament, nearly doubling the guarantee. Jean Marques of British Columbia was the most highly-placed PNW player, making $1.9K for 16th place. Dan (“The Accursed”) Silver of Portland took 50th. Rafael Stern (WA) placed 70th, Robert Corbeil (BC) was 76th, and Jin Liu (WA) made it into the money at 80th.
Today’s Las Vegas Series Events
It’s Monster Stack Day at the WSOP. It’s a one-shot tournament, no re-entry. Just ask @Kevmath. No afternoon bracelet event scheduled and no afternoon flight. If you don’t play it today, you can play it tomorrow, but if you bus you can’t No re-entry. Got it?
Another Double Black Chip Bounty at the Venetian, $600 entry with a $40K guarantee. It’s a one-day event. Tonight’s game is a $600 entry PLO8 tournament. $40K guarantee and two days.
Planet Hollywood runs a $200K guarantee one-day $400 NLHE event at 11am. Same thing tomorrow.
Aria is running NLHE with $235 buy-in and a $150 buy-in, both one-day tournaments.
Wynn Summer Classic #6 has the second of three starting days for its $400 NLHE with $100K guarantee.
The Grand Poker Series has a $240 Seven Card Stud 8/B game at 11am and a $350 NLHE Black Chip Bounty at 1pm.
Over the past couple of months, I’ve been watching the Bovada WSOP qualifiers, which feature an increasing number of guaranteed $3K packages including a $1.5K buy-in and an equivalent amount in money for expenses. The particularly interesting feature to me has been that the more people who enter doesn’t affect the number of packages offered. That’s set. Additional amounts in the prize pool are paid out in $500 increments, very similar to the Survivor tournaments I first saw a few years back at the Venetian.
It’s a two (or three)-tiered payout structure, with the top tier getting the package, the second tier getting $500, and the final tier (of one player) getting any remaining money less than $500 in the prize pool. The first of the satellites had a single WSOP package paid out, and the number increased each week by one, reaching eight last weekend. The final run next weekend skips over nine and goes to ten packages. The first four ran as $109 entries, with the final five costing $162, so your ROI if you cashed was likely to be 360% or 208%, respectively.
I’d watched the progress of a couple of these early on but hadn’t played them because Sunday afternoon is our family dinner. A couple got into the money before four hours were up, but as more of the prize pool got concentrated up top for the packages, that was likely to get longer.
So I took a flier on the next-to-last one, and ended up playing through the arrival of my dad and a neighbor who comes to Sunday dinner, then playing at the table through dinner, which isn’t probably going to happen again anytime soon. Once I hit the money, I wasn’t too concerned about getting the package, though it would have been nice. Playing short-stacked on the bubble while keeping up a conversation and passing the ginger beef and salad was a bit of a juggling act, but it worked.
Hand 2A♦2♦ UTG3 T5,000 10/20 I raised to 45 and got called by both the blinds. The flop was 2♥6♣5♣, SB bet 120, BB dropped out, and I came along with bottom pair. We both checked the Q♠ on turn and 5♦ river, he showed 6♥T♥ and took the pot. BB folded T♦K♦.
Hand 7K♣K♠ SB T4,815 10/20
UTG limped with 3♣2♣ and CO was along for the ride with A♣5♥. I pushed it to 200, and went to the flop HU with UTG. 4♦6♦Q♥ on the flop and he called a c-bet of 280. 9♥ turn and my bet of 800 took it down.
Hand 8K♣Q♣ D T5,335 10/20
Switching to ‘D’ for notation of the dealer button. Two extra keys adds up. CO opened to 60 and I called, along with the blinds. The flop was J♣2♥3♦—not exactly my favorite—but I called a c-bet of 80 from CO and the blinds folded 9♦T♣ and 6♣8♦, respectively. A♦ on the turn got checked, then the river T♠ gave me the nuts, and I checked-raised CO when he bet 260. He folded A♣2♦.
Hand 119♠A♣ UTG3 T5,855 10/20
I opened to 45, getting called by CO (T♦Q♣), and both the blinds (7♠T♣ and 9♥A♦). The flop was 8♠8♥3♦, the blinds checked, I c-bet 100 and they all folded.
Hand 13 A♥Q♦ UTG1 T5,990 20/40
I opened to 100 and everyone folded.
Hand 17J♣K♣ D T6,050 20/40
I called a raise to 120 from UTG2 (4XA♦) to see a 2♦4♠5♣ flop, then a c-bet of 120. Folded to a turn (6♥) bet.
Hand 262♣2♥ D T5,740 30/60
Not usually a fan of the small pairs, but everyone folded to me, and I raised to 150 and took the blinds.
Hand 27 4♠5♠ CO T5,830 30/60
Again, a little out of my usual bounds, but it was folded to me, so I made another 150 bet. This time, BB called me with A♠J♦. The flop gave both of us something: 2♠3♦5♦ and we checked it, then the pair he was looking for with a turn A♣ made my straight. He check-called 160, then did the same for 300 on the 2♥ turn.
Hand 288♣Q♣ HJ T6,470 30/60
I just limped in behind two other players, and six of us saw the flop. 4♥T♣9♠ gave me a gut-shot draw, I checked, D bet 180 with T♠Q♠, UTG2 had a set with T♥T♦ and called, and I came along. The Q♥ looked kind of pretty, UTG2 checked, I bet 600, got a call from D, then UTG shoved and took the pot without a showdown.
Hand 29 8♦6♦ HJ T5,630 30/60
Another 6-way limped pot. K♦8♣J♥ on the flop, everyone checks, 7♥ on the turn, and I fold to a bet initiated by BB.
Hand 37A♠Q♦ HJ T5,480 40/80
UTG2 limps in with K♥9♠, and I raise to 180. He calls and we’re HU to a 7♦6♠9♦ flop. I c-bet 280, he calls, and it’s 7♥ on the turn. We check. 8♦ on the river, checked, and he wins.
Hand 39Q♣Q♠ UTG2 T5,020 40/80
UTG has K♠2♠ and limps, I pop it up to 300 and he calls. We check the 7♥A♦8♠ flop, the A♥ turn, and the 9♣ river and I win.
Hand 40T♣Q♦ UTG1 T5,440 40/80
I open to 180 and get re-raised by HJ to 440. I get a little ambitious with the Portland Nuts and call. The flop is 5♦7♠6♥, he bets 480 with his K♠A♠ and I fold. Back to starting stack.
Hand 44T♣K♣ D T4,880 40/80
UTG2 limps, I raise to 200, he calls, and the flop is 6♦A♠4♥. He checks, I check, the turn is A♣, and he bets 230. I don’t think he has an ace but I don’t have anything and I fold. He had Q♣7♣.
Hand 47Q♣Q♠ UTG2 T4,680 40/80
Nobody calls my raise to 200.
Hand 49A♣Q♣ UTG T4,800 40/80
HJ is the only call to my 200 raise. The flop is T♠T♥3♣, I c-bet 300 and get called, improve a bit with the 8♣ on the turn, bet 680, and he goes away.
Hand 56A♠7♠ UTG1 T5,300 50/100
I open to 250 and get called by UTG2 with J♣T♠. The flop is 6♥9♠5♥, I check-call a bet of 300. He’s open-ended on the 8♣ turn and bets 700 after my check, but I have the straight already and go all-in. He folds.
Hand 579♦A♠ UTG T6,700 50/100
I raise to 250 and everyone folds.
Hand 629♣T♥ HJ T6,850 50/100
Got myself into a little trouble on this hand. UTG2 raised to the fishy amount of 332. I called. The flop was 4♠2♥5♠ and we both checked. A 9♦ gave me just enough to call the 630 turn bet. And I felt I had to call the bet of 1,453 on the 5♦ river, but two pair no good vs. two deuces in your opponent’s hand.
Hand 669♣Q♣ UTG T4,435 50/100
I raised to 250 and was called by UTG1 with J♦3♦. I got bluffed off the board of 6♥6♠K♣7♠K♥ by a small river bet.
Hand 686♠8♠ SB T4,085 75/150
UTG raised to 300 and UTG3 called. I called. The flop was 8♣T♦6♣. UTG had J♥J♠ and bet 761. UTG3 raised to 3,200 holding 6♥5♥ and I went all-in with bottom two pair. UTG had just 1200 behind and called with less. UTG3 only had to call another 600. The turn was 2♥ and the river was A♠, and my two pair was best.
Hand 73T♣J♠ UTG1 T10.6K 75/150
I raised to 400 and BB called with A♦8♥. The 4♠Q♠A♠ flop gave me the second nut flush draw, and I should have bet, but just checked behind. 3♦ on the turn and I called a bet of 404, then folded to a bet of 1,004 on the A♥ river.
Hand 74J♦J♠ UTG T9.8K 75/150
I opened to 450 and SB 3-bet to 1.5K with A♣K♥. I called, the flop was 9♦3♠Q♥, and SB bet 950. I shoved. SB had me barely covered, but folded.
Hand 76T♣A♥ SB T12.3K 75/150
I opened to 450 and called a BB raise to 1,050. The flop was J♣8♥4♣ and I check-folded to a bet from 2♥2♣.
Hand 78T♥9♠ CO T11.2K 75/150
I raised to 400 and BB called with K♠T♣. The flop was K♥2♦8♣, I c-bet 450 then folded to a raise of 1.5K.
Hand 797♦A♦ HJ T10.4 100/200 UTG1 opened with 5♥5♣ to 547 and I called. The flop was K♥7♥2♥, and even with the ace and middle pair, I didn’t feel like facing down a flush draw so I folded to a 600 chip c-bet.
Hand 85K♦K♠ D T9.5K 100/200
One of those hands that can be incredibly disappointing if it goes wrong. This one didn’t. UTG raised to 600 from a stack of 3K and action folded to me. I had everyone at the table covered and shoved it all in. The blinds folded, D went all-in to call with J♦A♣ and I caught a full house on the river of the 9♠4♥9♥8♦K♥ board.
Hand 94J♠K♦ HJ T12.7K 100/200
I put in a raise to 500, got called by BB with 8♦J♦, bet 600 on the K♥7♠6♣ flop and took the hand.
Hand 96T♣Q♥ UTG1 T13.7K 100/200
I raised to 600 and got called by 6♥6♠. The flop was 3♠6♣T♠, I check-called 500 with top pair. On the J♠ turn I semi-bluffed 1K, UTG3 raised me to 3K and I folded my drawing dead hand.
Hand 99Q♠8♠ SB T10.8K 125/250/25
Action folded to me, I raised to 750 and BB folded.
Hand 105J♦T♠ UTG T11.1K 125/250/25
Raise to 600 and take the pot.
Hand 106Q♥8♦ BB T11.7K 125/250/25
I get a walk.
Hand 1109♥A♣ CO T11.8K 125/250/25
UTG1 opens to 650 with Q♦T♠, I call, and BB is in with Q♥8♥. The flop was Q♣3♣3♦ and I folded to a UTG1 c-bet of 775.
Hand 111Q♥6♥ HJ T11.1K 150/300/30
We only had seven players at the table, the first two players folded and I raised to 700 to tin the blinds and antes.
Hand 114J♠Q♦ BB T11.7K 150/300/30
Everyone folded to the SB who had T♣3♠ and only 4.6K. He decided to try to steal and raised to 900. I would have raised to that if he’d called anyway. We checked the board down to 8♥K♠2♦A♣9♠ and I won.
Hand 117T♣T♥ CO T12.6K 150/300/30
I open-raised to 900 and won the hand.
Hand 119Q♦T♦ UTG2 T13.2K 150/300/30 Raise to 750 and win.
Hand 124T♦T♥ D T13.3K 150/300/30
I opened to 900 and BB called with J♠Q♣. It’s good to flop top set on a dry board, I’ve heard, and T♠2♣5♦ looked parched. BB checked and I bet 800. 3♦ for the turn. He could have A♦4♦ when he bets 1.7K, but I call and then A♣ hits on the river. We both check and I win.
Hand 1258♦8♠ CO T17K 150/300/30
UTG goes all-in for 4K and we’re HU after I call. He shows 5♦6♦. The board runs out 2♥6♠7♠T♠T♣ and he’s eliminated.
Hand 1274♠4♣ UTG1 T21.7K 150/300/30
I made a min-raise and go HU with D, who has just 5.6K. The flop is A♦J♣2♣, I check-fold to a bet of 875. With A♣T♥, D has top pair and a backdoor flush draw. Good fold.
Hand 128A♣9♣ UTG T21K 150/300/30
Raised to 800 and took it down.
Hand 130K♠Q♣ SB T21.4K 150/300/30
UTG2 min-raised and I called to see a flop of 2♠Q♦A♦. I check-folded middle pair like a wimp to a bet from 5♠5♦.
Hand 131J♦K♥ D T20.7K 150/300/30
UTG3 raised K♣Q♠ and I called, along with BB holding 8♠Q♣. Everyone checked the board down to 8♦2♥9♠7♥3♥ and BB won with second pair!
Hand 1342♦A♦ UTG2 T20K 200/400/40
I raise to 1K and SB calls with A♣5♣ The flop is 7♦2♣4♥ and SB checks. I bet 1.6K and get called. 7♣ on the turn and 8♠ on the river and I fold to a 3K bet.
Hand 138A♠8♠ SB T16.9K 200/400/40
UTG raises to 865 and I call, along with BB. It’s 6♥K♦2♥ on the flop, and everyone checks. I check fold the T♣ river when BB bets and gets called by UTG2.
Hand 1395♣5♥ D T15.9K 200/400/40
I just hate low pocket pairs. I know there are people who swear by them and love to set-mine with them, but I’ll take a higher set any day. Anyway. I’m on the button, so I call a bet of 825 from UTG and fold on the J♦2♦7♠ flop to a bet of 1K. He had K♦K♥. See?
Hand 1447♣7♥ UTG1 T14.8K 200/400/40
Not crazy about middle pairs, either. I’m on a new table. with three smaller stacks, and everyone else covering me. I raise to 1K and get re-raised to 2.3K by BB with Q♥8♥, which I call and promptly lose when A♣3♦Q♣ flops. It gets checked down and I lose.
Hand 145A♣8♣ UTG T12.5K 200/400/40
Time to rebuild. I raise and win.
Hand 1468♥7♥ BB T13.4K 200/400/40
SB open-raises to 860 with K♠8♦. I call and fold to a c-bet on the Q♦J♠4♣ flop.
Hand 149 A♥J♠ CO T12.1K 250/500/50 I raise to 1.3K and get a call from BB with 9♦A♠. He folds to a c-bet of 2K on a Q♦2♥6♦ flop.
Hand 1519♦A♣ UTG2 T14K 250/500/50
Raise to 1.3K and take the blinds.
Hand 152T♦8♦ UTG1 T15K 250/500/50
Raise to 1.3K and take the blinds does not work when 24K stack in CO goes all-in with A♠9♥. Not sure why he felt he needed to do that with that hand and nearly 50BB, but no skin off my nose.
Hand 154K♣9♣ BB T13.7K 250/500/50
CO has under 5K and min-raises to open. I call and flop a gut-shot on Q♥7♥J♠. He bets another 2.6K, leaving just 1.2K behind and I go all-in. He snaps, shows A♦A♣, the turn is 9♥ and the river is T♠ and he falls to my straight.
Hand 1637♣9♣ D T17.7K 250/500/50
I opened to 1.3K and BB called with 8♠6♠. We both checked the 8♣J♠J♣ flop, then BB check-called my 2K bet on the 6♣ turn. A♠ on the river kept me from barreling again, but my flush was the better hand and I took the pot.
Hand 1646♠A♠ CO T21.6K 250/500/50
I opened to 1.3K and SB shoved 8.8K. I folded. He had Q♦T♦.
Hand 166T♥J♦ UTG2 T20.2K 250/500/50
I open to 1.3K. SB raises to 3.6K with 8♣8♥ and we go HU to the 6♦J♥9♦ flop. He bets 3.7K, I shove, and he folds.
Hand 168T♠T♥ UTG T28.4K 250/500/50
CO and BB call my 1.3K raise and the flop is K♣7♣Q♦. Everyone checks, the river is 7♦, and I fold to a bet of 2.3K from BB, who wins with A♦J♦ (Mutant Jack!) v A♣Q♥ when the river 2♦ makes his nut flush.
Hand 175K♣A♥ UTG2 T25.7K 300/600/60 UTG shoves 3.6K and I call. Everyone else folds and I’m up against A♦T♦. He hits T♥ on the turn and doubles.
Hand 200J♣8♣ D T16.7K 500/1K/100
UTG1 min-raisesT♥K♣ and I call , along with BB (6♥2♣). The board on the turn is K♠J♥9♦7♠, BB and I both fold to a 2.8K bet.
Hand 203K♣Q♥ UTG2 T14.3K 500/1K/100
I raised to 3K pre-flop and won the hand.
Hand 215 K♠Q♦ UTG T14K 600/1.2K/120
I jammed on the bubble and won.
Hand 2188♠8♦ D T14.5K 600/1.2K/120
CO limped in and I uncharacteristically limped, since we were still on the bubble. SB called and so there were four of us to the flop with me in position. It was 3♠5♠6♦, everyone checked, the turn was 5♣. SB (22.3K behind, 7♦2♦) with a gut-shot straight draw, checked. BB (27K, K♠6♠) had top pair and bet 2.5K. CO had A♣2♣, with 27.8K and just a draw to the low end of a straight, fold. At 13.3K and 11BB, I didn’t feel I could risk the over pair and gut-shot against a possible two-pair, trips, made straight or full house and folded along with SB. It was either fold or all-in. Looking at the folded cards in the report, both of the other eights were dead.
Hand 229T♠T♦ UTG T11.9K 800/1.6K/160
A lucky table change saved me from the BB and put me in late position, so I was able to just ante up to this point. I jammed my 7.5BB in and nobody called.
Hand 2308♥8♠ BB T15.6K 1K/2K/200 CO min-raised to 4K and I called, with the flop coming down A♥2♦Q♦ I couldn’t bring myself to bet into it and folded to a bet of 4K from J♥9♥.
Hand 2348♣T♣ HJ T9.8K 1K/2K/200
I went all-in and took in blinds and antes worth about a third of my stack. The bubble had broken somewhere in the previous few hands, so we were in the money.
Hand 235A♦A♥ UTG2 T13K 1K/2K/200
One of those hands to get when people think perhaps you’ve been too active. I was still the short stack but one on a seven-handed table. SB had more than half their chips in for the blind and ante. UTG1 called with about 32K and 7♦8♦. I still had less than 10BB, so I jammed, SB was all-in for a call, and UTG1 probably figured he couldn’t get knocked out anyway. It was my aces against UTG’s 7♦8♦ and J♠Q♥ for SB. I for two pair and was a live for a while longer.
Hand 242A♥2♥ BB T29.7K 1K/2K/200
SB jammed with no previous action for just over 19K. An obvious steal. With A♠T♥. So just as fast as I go up, I go back down.
Hand 2445♥5♣ SB T10.4K 1K/2K/200
I can think of worse hands to go out on. CO raises to 4K, I shove, BB re-shoves 16K, and CO calls , with 40K behind after the call. Me v. BB’s A♥K♦ v. CO’s Q♥T♣. I win if CO doesn’t make the call, but he hits trip tens and knocks out two of us.
VPIP: 27.5%. PFR: 18.4%. Showdown: 25% of hands played. Won 65% of showdowns.
Four hours and forty minutes. 244 hands. 30th of 271 entries. +209% ROI.
Both of the Washington players who made Day 2 of the event already knew they had cashed when they came back for Day 3. Tai Nguyen took 12th for $30K; Scott Clements made it to the final table for 4th place and $129K.
WSOP Event #22 $1K NLHE Day 3
Two PNW players are left in the final 22 of 1,915 entries in this tournament. Central Oregon’s Angel Farrington sits in 10th place, with Cole Jackson of Seattle in 15th (this will be Angel’s first WSOP cash, it will be Cole’s second this year after placing 169th in the Millionaire Maker this weekend).
Just a handful (well, technically, a couple handfuls) of players who came back to Day 2 were going to bust outside the money, but three of the fourteen returnees did just that. Meanwhile, Jonas Mackoff of Vancouver, British Columbia, was the last player eliminated on Day , with Day 1 chip leader Kyle White out in 39th.
Shout out to Binh “Jimmy” Nguyen of Portland for his second 2015 WSOP cash. I’ve knocked him out.
In the Money Finish Position
Rank End of Day 2
Rank End of Day 1
Player
State
Chips End of Day 1
Chips End of Day 2
2
15
9
Cole Jackson
WA
112,900
335,000
11
10
90
Angel Farrington
OR
42,100
427,000
23
15
Jonas Mackoff
BC
100,900
39
1
Kyle White
BC
184,900
74
66
Mikey Nguyen
WA
50,300
91
152
Chi Chan
BC
23,300
94
137
Scott Davies
BC
27,300
106
141
Seth Davies
OR
26,700
124
84
Alejandro Verduczo
WA
44,000
193
159
Binh Nguyen
OR
20,900
194
179
Kyle Ho
BC
17,100
185
Alan Snow
WA
14,200
196
Joe Baldwin
WA
10,500
202
Chris Back
BC
8,100
WSOP Event #24 $1.5K HORSE Day 1
It’s a long way to the money yet for the 299 players in the HORSE tournament with only 80 getting paid. But nearly 800 entries created a $1M+ prize pool for what is arguably my favorite game. It looks like it’s a favorite of a lot of Northwesterners, as well, with a strong contingent of Washington State players in the mix, though none of them are in the top 10% of the field.
Rank End of Day 2
Rank End of Day 1
Player
State
Chips End of Day 1
Chips End of Day 2
In the Money Finish Position
8
136
Jeffrey Mitseff
OR
19,300
237,000
8
25
41
Ian Johns
WA
32,000
81,000
21
12
34
Esther Taylor-Brady
WA
33,400
188,000
25
192
Andrew Rennhack
WA
14,300
63
107
Daniel Ratigan
WA
21,600
67
94
Michael Horowitz
WA
22,900
128
Lee Goldman
WA
19,800
174
Jason Lowe
WA
15700
179
Dylan Linde
ID
15,100
184
Thomas Taylor
BC
14,900
206
Rep Porter
WA
12,100
213
Bruce Burke
WA
11,500
236
Greg Mueller
BC
9,500
263
James George
WA
7,200
289
Joseph Ogden
WA
3,800
WSOP Event #25 $5K NLHE 8-Max Day 1
About a fifth of the field of 493 is returning for Day 2, with 56 places paying. Tai Nguyen went straight from the $10K Omaha 8/B to this and is the most highly-placed PNW player.
The Venetian is finally catching up a bit on their results. This event, which took place in one day on June 4th, paid $200 for every player you knocked out. and like a lot of tournaments over the last couple of weekends, blew the guarantee out of the water, with the main prize pool jumping up $103K. Paul Deng of Vancouver, Washington took 5th place for nearly $6K, with Micah Bell of Battle Ground, Washington in 10th for $1.7K, as an appetizer for his run in the Millionaire Maker the next day.
Venetian DSE #24 $400 NLHE $30K Guarantee Black Chip Bounty
234 players in this tournament made a main prize pool of $56.6K, and while the bounties were a smaller percentage of the buy-in, they were still $100 per player. Daniel Harold of Portland came in 4th for $5.3K. There were several cashes from Canada, but the Venetian doesn’t believe in putting cities on non-US hometowns, so I’m sorry to any BCers I’m leaving out. John Tornillo, Jr. of Sterling, Washington tied for 18th place in this event, winning $700.
Venetian DSE #25 $600 Omaha 8/B $100K Guarantee
This was a 2-day event that had over 300 entries and a $169K prize pool. Jesse Hampton of Mercer Island, WA made it to 3rd place for a nice $17.4K prize. No other PNW players despite Portland being cray for Omaha.
Venetian DSE #26 $600 NLHE $120K Guarantee
Interestingly enough, despite starting just the day after Event #25, having the same buy-in, a larger guarantee, and being a more popular game (not with me, just in general), this event got fewer entries. The prize pool still made the guarantee, up to $138K. Joseph “Jammin Jay” Zeman of Seattle took 15th for $2.1K.
Binion’s Poker Classic #19 $220 Omaha 8/B
Mike Vejraska of the anonymous-sounding “Smith”, Oregon came in 7th of 113 for $1.4K.
Grand Poker Series #22 $150 NLHE
British Columbia’s Keith Bell came in 3rd of 168 for just under $1.8K and Alexander Wolf of Washington took 16th for $270.
Event #26 $1K PLO and Event #27 $10K Seven Card Stud should make the folks wanting a break from NLHE at the WSOP happy, plus give everyone some fun dealer-related stories.
It’s Bounty Day at the Venetian! Both events play out in one day. The noon event for today and tomorrow is the $600 NLHE Double Black Chip Bounty (see above) with a $40K guarantee. In the evening tonight is a $400 NLHE Black Chip Bounty with a $30K guarantee.
Planet Hollywood has two smaller events today, but one that’s sure to draw players from PDX. 11am is the $200 NLHE with a $25K guarantee. The 2pm game is $150 buy-in Big O 6-Max. Have I mentioned that Big O is the Devil’s Game?
Aria is running NLHE with $235 buy-in and a $150 buy-in, both one-day tournaments.
Wynn Summer Classic #6 has the first of three starting days for its $400 NLHE with $100K guarantee.
The Grand Poker Series has an event I wish I was in town for: #27 $560 NLHE 6-Max.
Lots of people heading down for the Monster Stack today and tomorrow. Saturday and Sunday are starting flights (2 on Saturday) for a $250K guarantee for $600 NLHE that I expect will probably break $400K easily. Planet Hollywood has a $200K guarantee ($400 NLHE) Friday and Saturday, and the third edition of the Goliath ($500K guarantee, $565 NLHE) on Sunday. Aria’s schedule doesn’t vary except for the chance to practice your 2-7 Triple Draw for the (relatively) low price of $450 on Sunday. Wynn has the second and third flights of the $100K event that starts today on Friday and Saturday. Golden Nugget has its own black chip bounty and a Stud 8/B game tomorrow, with $100K guarantees scheduled for Saturday and Sunday. And the weekend at Binions has a couple of non-NLHE $10K events: PLO8 on Saturday and HORSE on Sunday, both for $220.
This event played down from 274 to 35 on Day 2. 198 of the original 1,844 entrants will be paid, with $460.6K going to first. Jacob Dahl (24th in chips) of Oregon and Kevin MacPhee (25th) of Idaho are the last two PNW players left in the field; though they’re both just under the median stack a the end of Day 2, they have about a fifth of the chips of leader Garret Beckman (of non-Northwest Kansas).
I offer my apologies to Yevgeniy Timoshenko of Seattle, Washington, Matt Affleck of Mill Creek, Washington, and Dimitrii Valouev of Wilsonville, Oregon for missing them on yesterday’s round-up of PNW players for this event. Timoshenko placed 43rd in the event for $9K, Affleck was 83rd for $4.2K, and Valouev came in 112th, winning $3.4K.
Also making the money were Daniel Idema (76th), Eric Vallee (81st), Ken Lynn (99th), Greg Mueller (102nd), Randy Cooper (109th), Christopher Paasch (111th), Parminder Kumar (115th), Tolga Ural (124th), Thomas Taylor (131st), David Price (174th), and Dustin Leary (190th). Of the 13 PNW players who made Day 2, all but two of them made the money.
This event was the third 2015 WSOP cash for the always-busy Dmitrii Valouev, who also cashed in Event #3 $1,500 Omaha 8/B and Event #6 Hyper NLHE. Greg Mueller has also made the money three times already this summer, in the Colossus (Event #5), Event #7 $10K Limit 2-7 Triple Draw, and this event.
WSOP Event #21 $10K Omaha 8/B Day 2
18 of the 101 players that started Day 2 move on to today, with the money bubble broken as the game hit two tables. Scott Clements of Mount Vernon, Washington and Tai Nguyen of Olympia, Washington sit 4th and 9th in chips. This will be Nguyen’s third cash of the summer so far.
WSOP Event #22 $1K NLHE
1,951 players began this single-entry-day contest and 207 will return for Day 2. This is the first of the standard-format $1K events to be played with the new 5K chip stacks and modified blind levels, and the big change is that while all of these events in previous years made the money by the end of the first day (of three), nine players coming back today will be out of the money.
That’s probably not an issue for Kyle White of Surrey, British Columbia, who holds the chip lead.
In the Money Finish Position
Rank End of Day 2
Rank End of Day 1
Player
State
Chips End of Day 1
Chips End of Day 2
2
15
9
Cole Jackson
WA
112,900
335,000
11
10
90
Angel Farrington
OR
42,100
427,000
23
15
Jonas Mackoff
BC
100,900
39
1
Kyle White
BC
184,900
74
66
Mikey Nguyen
WA
50,300
91
152
Chi Chan
BC
23,300
94
137
Scott Davies
BC
27,300
106
141
Seth Davies
OR
26,700
124
84
Alejandro Verduczo
WA
44,000
193
159
Binh Nguyen
OR
20,900
194
179
Kyle Ho
BC
17,100
185
Alan Snow
WA
14,200
196
Joe Baldwin
WA
10,500
202
Chris Back
BC
8,100
Grand Poker Series #20 $350 NLHE $100K Guarantee
If you guarantee it, they will come. At least, that’s what the folks at the Golden Nugget were hoping. And unlike a lot of other series operators, they’ve been willing to meet the guarantees they’ve set, despite a couple of large events falling significantly short. Event #20 didn’t have the 40% shortfall of Event #19, but it was still down by 20%. Hopefully, more people will show up for what I’ve heard are decently-structured tournaments so that they’ll be able to keep these going; there are six more on the schedule, two each weekend until the end of June.
269 players entered, and 27 places paid. From the results, it would appear that a deal was made at the final table. Oman Martin of Gig Harbor, Washington and Danny Kent of Cowichan Bay, British Columbia were both there.
Upcoming Las Vegas Series Events
Event #24 ($1.5K HORSE, 3 days) and Event #25 ($5K NLHE 8-Max, 4 days) kick off at the WSOP today.
This is the last of three entry days for Event #28 NLHE at the Venetian, a $1.6K buy-in with a $1M guarantee that ends on Friday.
At Planet Hollywood, the morning kicks off with Event #15 NLHE, a $500 $25K guarantee, no-re-entry tournament and in the afternoon there’s Event #16 $130 $5K guarantee NLHE Turbo.
Big events in the next couple of days are, of course, the Monster Stack at the WSOP this weekend and the $1K PLO there tomorrow. Planet Hollywood has a $200K guarantee NLHE Thursday and Friday, with the $500K Goliath running again on Sunday. Aria has a $450 2-7 Triple Draw you can dip your toes into. The Wynn runs three starting days of a $100K beginning tomorrow. Golden Nugget is scheduled to hold two more low buy-in $100K tournaments on the weekend, with a NLHE 6-Max tomorrow, Seven Card Stud 8/B and a Black Chip Bounty on Friday. Binions has PLO8 and HORSE Friday and Saturday, respectively.
This was the big one, and Portland card room regular Micah Bell was the top PNW player in the field, finishing 21st for a prize of $45K in a field with some big names. He eliminated Bart Hansen, the man behind the training site Crush Live Poker, but then doubled up Erick “E-Dog” Lindgren before eventually losing to Lindren in a hand that took him and another player out at the same time while propelling Lindgren to 2nd in chips to start Day 4.
Day 1, Day 2, and ITM finish positions in the Millionaire Maker for players from Oregon, Washington, British Columbia, and Idaho are available here. 31 PNW players made it into the money, with Bell (WA), Darlene Lee (BC), Parminder Kumar (WA), and Bradley Zusman (OR) making it to the top 100 and Day 3. Results
WSOP Event #17 $10K Razz
Phil Hellmuth may have won a bracelet in this event (#14), but Tommy Hang of Washington had a good run to make 13th place for $19.6K. Results
WSOP Event #18 $1K NLHE Turbo
No PNW players made it into Day 2 (final day) of this event (only 29 of the 1,791 entries did), but ubiquitous Washington pro Tyler Patterson took 62nd for $4.2K, with Oregon’s Kyle Zartman close behind at 67th ($3.6K). Parviz Khorram (WA, 148th) and Kevin MacPhee (ID, 153rd) both cashed for just under $2K. Results
WSOP Event #19 $3K LHE 6-Max
Checking in on Day 2 of this event while the Millionaire Maker was running yesterday, it looked like it was going to be a good day for Portland’s Binh Nguyen, and the last report that mentioned him had him eliminating a player in the level before the dinner break, but he’s not on the roster for Day 3. In fact, none of the PNW players who made Day 2—Daniel Ratigan, Rep Porter, Ryan Turner, Christopher Holden (all WA); Dylan Linde (ID); or 2+2 PokerCast co-host Terrence Chan and Dan Idema (the brother of Adam Schwartz, the other Pokercast co-host), both from British Columbia—were on the roster for today.
WSOP Event #20 $1.5K NLHE
Portland’s Jacob Dahl, just off a near-miss for a bracelet in Event #3 $1.5K Omaha 8/B, is in position #17—over 100K—among the 272 returning players from a starting field of 1,844 for Day 2 of this event. Also returning from the NW: Christopher Paasch, Ken Lynn, Nicholas Nowak (OR); Parminder Kumar (who cashed at 65th yesterday in the Millionaire Maker), Tolga Ural, David Price, Scott Eskanazi, Dustin Leary (all WA); Thomas Taylor, Greg Mueller, Eric Vallee, and the afore-mentioned Dan Idema (BC); plus Kevin MacPhee of Idaho). 198 places pay, with $460K up top.
WSOP Event #21 $10K Omaha 8/B
Oregon’s Steve Chanthabouasy is 12th among the 101 remaining players for Day 2 of this tournament (that started with 157). Still a ways to go before the 18 places that pay. Joe Mitchell of Eugene is in 80th position. Scott Clements, Tai Nguyen, and Noah Bronstein represent Washington, with Calen McNeil in for British Columbia. Dylan Linde is there for Idaho.
Linde, McNeil, and Bronstein all cashed in the Millionaire Maker. Nguyen has already made the money in both Event #3 $1.5K Omaha 8/b and Event #13 $2.5K Omaha/Seven Card Stud 8/B this year.
Grand Poker Series #19 $350 NLHE $100K Guarantee
The Grand series at the Golden Nugget has massively missed a couple of their low buy-in two-day $100K guarantees since Colossus weekend. This event had 209 entries, which meant just over $60K of player contributions to the prize pool. Li An and Chen Chun—both of Seatttle, Washington, were there to collect some of the $40K overlay, finishing 7th and 15th, respectively.
Wynn Summer Classic #1 $300 NLHE $100K Guarantee
The Wynn got a somewhat better turnout for its $100K with three starting days, at 505 entries and a prize pool of more than $130K. The cashing field was more than half Nevada players, but Phillippe Olbrechts of Washington and William Firebraugh of Idaho took 5th and 38th, respectively. A deal gave the three top players $19.5K each, Phillippe took home just about $7K.
47 PNW players made it through the starting days of 2015 WSOP Event #16 $1,500 Millionaire Maker. Only 66% of the total of 1,130 players who came back for the second day would make the cash, and for the PNW players that figure was pretty much dead on, with 16 falling before the bubble.
Four players from the Northwest survived to Day 3 (out of a total of 142), with Bradley Zusman the best-placed of them at 19th and 667,000 chips. Micah Bell, the winner of the “Chosen One” competition this spring, sits in 42nd place at just under half a million. Par minder Kumar is just above the median stack at 354,000, and Darlene Lee has 163,000, which translates to 16 BB, as players will be coming back today in the middle of the 5,000/10,000/1,000 level 21.
UPDATE 8 June 15, 15:30: Micah Bell is the last PNW player in the field at the second break of Day 3, right in the middle of the field with 48 players remaining.
There’s a lot more going on in Las Vegas this month away from the Rio and the WSOP. Most of the attention is there because most of the big action is there, but Here are a few links I’ve put together to try to keep up on other series where Pacific Northwest players are having some success.
World Series of Poker The big one, of course. PokerNews is no longer doing the live reporting, so the only place you can find it is at WSOP.com. Click on the event you want to see in the schedule, then you can see Results (payouts), Chip Counts (only relevant for live tournament and not for every player), Updates (all live reports), Prizepool (payout levels), and Photos. The Structure tab doesn’t work, see the structure sheets on the main schedule page. Added: Daily Deepstacks Results are here.
Venetian Deepstack Extravaganza III
The main page for the DSE has links to PDFs for the schedule, the structures, and the results. The only problem is they’re not particularly fast to update the results. As of the night of June 7th, they hadn’t updated it since the 2nd. Last updates were June 23rd.
Binions Poker Classic
Payouts and results are posted in blog form.
Golden Nugget Grand Poker Series
Information’s posted by Ante Up Magazine.
Aria Poker Classic
Haven’t figured out where to find this yet. Results go to Hendon Mob, but they don’t post hometown info for all the events.
Wynn Poker Classic
You can find redraws (without locations) and winners at wynnpoker.com.
Planet Hollywood PHamous Poker Series
Posting results on Google Drive.
In the STAR TREK episode “A Piece of the Action,” Captain Kirk breaks up a mob war by inventing a card game called “fizzbin,” see? Then he goes on to broker a peace between the warring mobsters by setting himself up as Godfather and taking the titular piece of the action, see? Yeah, that’s what he does.
Not that that has any real bearing on the topics for today, which are the ethics and issues (and economics) behind a tournament organizer (specifically, someone who’s on the hook for any overlay) participating in the tournament.
Several weeks back, a thread popped up on 2+2, claiming that the sponsor of a small tournament series had offered to refund half the buy-in to players, in exchange for half of any profit in the tournament. The tournament had a guaranteed prize pool, not enough players had entered the tournament to fund the prize pool with entry fees, so the sponsor of the tournament would be forced to pay any portion of the guarantee not matched by player fees, something that is known as an overlay.
For the purposes of this discussion, let’s assume all of these things are true: 1) The guarantee was unmet by player contributions. 2) The sponsor was committed to honoring the guarantee. 3) The sponsor was actually offering to buy half the profit from players. Is this a good idea?
Balance of Terror
Conventional wisdom would say there’s no way for the sponsor to lose money with this plan. Some of his players win some money, he doesn’t pay them as much (because he’s bought half their action), and he offsets a portion of the overlay. In reality, things can get messy.
For simplicity’s sake, let’s say the tournament has a $15K guarantee. It gets 100 entries at $100 each, with only $10K contributed to the prize pool. With 100 entries, the top 9 players will win all the money. In this scenario, the sponsor is out $5K in overlay.
If the sponsor can get the 9 players who win all the money to agree to his terms (and nobody else), he will have refunded $450 in player fees, making the amount players contribute to the prize pool only $9,550. But he only has to pay $7.5K in prize money, so he’s actually ahead by $2K!
On the other hand, if 9 players who don’t cash take the deal, the sponsor not only still has to pay out the original overlay but is also out the $450 in player fees that have been refunded.
If he can get everyone to agree to the split? He only pays out $7.5K–half the guaranteed prize pool–but everyone’s only paying $50 per entry, and with just $5K contributed by players, the overlay is still $2.5K.
There’s obviously some potential for mitigating losses with this strategy, but as the sponsor, if you whiff on picking winning players, you’re actually out even more money than the initial overlay.
Opinions on the sponsor’s action varied, with some claiming that it would be irresponsible for him not to try to offset his losses, and others decrying it for creating the impression the “house” was trying to cheat the players out of the prize pool. On this, I have to come down in the middle, since the more action the sponsor buys up, the more money they stand to lose, unless they pick the right people. It’s a gamble, just like any other situation where someone backs several players in the same tournament.
Amok Time
There’s a similar but distinct situation that is far more problematic, which I’ve seen happen in a variety of venues. In a tournament with an overlay and multiple re-entries allowed, the sponsor uses the overlay to put in one or more players who can play a high-variance style, with the intent of building up a big chip stack, knocking out non-sponsored players, and the ability to re-enter at no cost to either the player or the sponsor. In our example tournament above, the $5K overlay represents 50 buy-ins. With low registration early in the tournament and a large expected overlay, a sponsor could make a deal with several players to take more risks, with the promise that they’ll be bought back in by the sponsor several times, if need be.
So long as the number of entries and re-entries by both non-sponsored and sponsored players doesn’t exceed the guarantee, the sponsor isn’t taking on any extra risk. But they’re essentially playing against the people who have put up money to play in the tournament, and one of the things that has distinguished poker from casino table games has always been that you’re playing against other players, not the house. The sponsor of a guaranteed tournament is assuming risk when they announce the guarantee. They expect to make their costs back through entry fees and other spending by the players. But if it looks like their bet isn’t going to pay off, putting a thumb on the scale by using house money against the players they’ve brought in with the promised guarantee smacks of unethical practice.