{"id":742,"date":"2014-08-17T16:40:28","date_gmt":"2014-08-17T23:40:28","guid":{"rendered":"http:\/\/www.mutantpoker.com\/?p=742"},"modified":"2014-08-20T12:16:07","modified_gmt":"2014-08-20T19:16:07","slug":"punta-cana","status":"publish","type":"post","link":"https:\/\/www.mutantpoker.com\/?p=742","title":{"rendered":"Punta Cana"},"content":{"rendered":"

I’m not playing it today, but I am looking in on the first of five bi-weekly satellites<\/a> on Bovada to the Punta Cana Poker Classic<\/a> in November.<\/p>\n

Each of the satellites is doling out a guaranteed\u00a0three $5,500 packages (including main event entry; acommodations, food, and ground transport for two\u00a0to the venue; and $1,670 for travel expenses). Only three packages are awarded, the rest of the prize money is packaged in \u00a0$2,000 increments. The first game’s approaching the end of the third hour of play as I write, and it’s down to about 50 of the original 207 entrants, with the Punta Cana packages, seventeen $2,000 cash prizes, and am eighteenth cash prize of $1,250 in the prize pool. Median stack at this point is about 15BB, with the max at 76BB.<\/p>\n

I like the Survivor-tournament payout structure. Most of the players not winning the package are going to get +640% ROI on their buy-in. Even with the field paying only 10% of the players (the $100K that started a half-hour earlier pays 15%), the expected ROI for those cashing is much higher. By comparison, you’d need to win about $1,200 in today’s\u00a0$162 entry $100K to make the same ROI, and that means making it to the final two tables in a 1,260-entry tournament; beating 98.5% of the field, as opposed to 90%.<\/p>\n

If I made it to the money in the satellite, I might intentionally go out just to get the sure cash, even with tickets from Portland to Punta Cana going for less than $500 RT.<\/p>\n

UPDATE:\u00a0<\/strong>The Punta Cana satellite hit the money after about four hours, with the $100K busting the bubble at four-and-a-half, practically at the same time, since the $100K started half-an-hour earlier. Minimum ROI\u00a0for the satty was +360%, with most of the rest of those cashing making the aforementioned +640% ROI. Minimum ROI in the $100K was +51%. At the time the bubbles broke, the median chip stack for the satellite was 42K; it was 29K in the $100K (with both tournaments starting at 5K). The satellite completed in a little more than five-and-a-half hours. At six hours of play, the $100K is down to the last four tables, with players from here on out making at least +310% ROI (and the potential for as much as +19,400%, $31,666).<\/p>\n

UPDATE 2:<\/strong> The $100K made it to two tables after six hours and forty-five minutes.<\/p>\n

CORRECTION:\u00a0<\/strong>The reference to the frequency of the satellites was corrected from “weekly” to “bi-weekly”.<\/p>\n","protected":false},"excerpt":{"rendered":"

I’m not playing it today, but I am looking in on the first of five bi-weekly satellites on Bovada to the Punta Cana Poker Classic in November. Each of the satellites is doling out a guaranteed\u00a0three $5,500 packages (including main … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,110,4],"tags":[],"class_list":["post-742","post","type-post","status-publish","format-standard","hentry","category-general-poker","category-no-limit-holdem","category-tournaments"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p1t0pn-bY","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/posts\/742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=742"}],"version-history":[{"count":1,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/posts\/742\/revisions"}],"predecessor-version":[{"id":743,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=\/wp\/v2\/posts\/742\/revisions\/743"}],"wp:attachment":[{"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mutantpoker.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}