SIGN UP LOG IN
 

Venetian Lucky Shot Poker: Lose-lose situation

Published by

October 27, 2019 9:10 pm

Venetian Lucky Shot Poker: Lose-lose situation

The scandal surrounding the LuckyShotPoker tournament format at the Venetian Resort in Las Vegas had upset the poker community.

The Venetian Pokerroom, which calls itself the “Best Pokerroom in Las Vegas”, had offered a guarantee of $150,000 for the Main Event Prizepool, but at the same time set it as a MAXIMUM payout – Hochgepokert reported. Had many players visited the MTT with 6 start flights, and 8 levels of Unlimited Rebuys, a rake above 50% would have been possible.

The other way around: If many players had followed the boycott calls, e.g. Doug Polk, the Venetian would have had to pay for an overlay out of his own pocket. To make a long story short: Neither the boycott nor the horrendous rake occurred.

Between 600 and 750 entries, there is a lose-lose situation.

In advance players like Jeff Boski on his Twitter account @ICuRaRook pointed out the consequences of different starter field greetings. In plain language, this means:

Players attending       Outcome

600 Entries                                   break-even (no Overlay, no Rake)
750 Entries                                    normal $200+$50 rake
900 Entries                                   33% rake
1.200 Entries                                50% rake

At the end of the last start day 1f, the actual number of Total Entries is fixed. With exactly 645 entries at $250 each, both the poker community and the organizers of the Venetian have done themselves a disservice.

Total Entries ($250 each): 645
Total Amount collected: $161,250
Prize pool: $150,000
Rake/Fee: $11,250
Rake/Fee %: 7.67 %
Real buy-in: $232.56+$17.44

The poker community has failed (just as Mike “Timex” MacDonald suspected in his tweet) to consolidate and make a mark against such anti-player tournament experiments. On the other hand, the Venetian officials shot themselves in the leg for offering a tournament with less than 10% rake, not to mention the negative press. The buy-ins of the 645 entries (250 each) exceeded the guarantee so that a total of $11,250 went into the Venetian’s pockets for this event. The participants came de facto thus into the benefit of a reduced $233+$17 tournament that the Venetian for such an action however at all, even if below average, cashed in, is an imposition for all genuine Pokerspieler.

Conrad Sanchez, Moshe Asulin and Rafael Gonzalez lead

By the way, they also played… On day 2 there are still 129 players in the race, who will end up in the (guaranteed) prize money from rank 72. The biggest stacks after the end of the starting days were Conrad Sanchez (), Moshe Asulin () and Rafael Gonzalez (). With not quite usual blinds of 1.500/2.500-2.500, the second and last matchday will start on Sunday. The winner will receive $30,750.

Lucky Shot Event #1 (NLH)

Buy-in: $250
Players: 645
Prize Pool: $150,000
Players advancing: 129/645
Places Paid: 72
1st Place: $30,750

It only remains to hope that the mass of poker players will use their influence in the future and stand together in such actions, instead of undermining such actions on the hunt for the last ounce of value.

 

More News

Clash of Clans World Championship

Clash of Clans World Championship

Supercell presents the first Clash of Clans World Championship. The world's best players compete in the Barclaycard Arena in Hamburg.…

Ensan Celebrates Crazy Poker Coup

Ensan Celebrates Crazy Poker Coup

For the first time since 2011, Germany has a poker world champion again: Hossein Ensan wins the World Series of…

E-Sport News: G2 Esports is Team of the Year

E-Sport News: G2 Esports is Team of the Year

At this year's Esports Awards, the League of Legends Team of G2 Esports received the eSports Team of the Year…

Swiss eSports Weekly: Fortnite Chapter 2 is here!

Swiss eSports Weekly: Fortnite Chapter 2 is here!

It was an eventful week for gamers and eSportsmen! Fortnite started a new era, and Swiss eSportsmen presented themselves successfully…

OWL: All about the Stage 2 Finals

OWL: All about the Stage 2 Finals

The play-offs of Stage 2 of the second Overwatch League Season will take place this weekend. SPORT1 collects all information…

E-Sport: Algerian pulls blank and flies out

E-Sport: Algerian pulls blank and flies out

Algerian professional footballer Haris Belkebla ruins his colleague's live stream in a very special way - and is kicked off…

Woman finds lottery ticket on-road and wins 12 million

Woman finds lottery ticket on-road and wins 12 million

In France, money was on the street: a woman found a lottery ticket worth 163 million euros. Then an odyssey…

That was the final of the A1 eSports League

That was the final of the A1 eSports League

For weeks, the best eSportsmen from Austria, Germany, Switzerland, Liechtenstein and Luxembourg met and fought their battles to take part…

Adam Friedman wins Dealer's Choice Championship again

Adam Friedman wins Dealer's Choice Championship again

In the heads-up against Shaun Deeb, the US professional defended his $10,000 title from last year and made poker history.…

Sasa Lalos and Pius Heinz share the WPTDS High Roller

Sasa Lalos and Pius Heinz share the WPTDS High Roller

The World Poker Tour DeepStacks Event #14 at King's Resort Rozvadov was shuffled through on the final day. After the…

Banco Casino Bratislava: €60.000 GTD Autumn Cup starts Wednesday

Banco Casino Bratislava: €60.000 GTD Autumn Cup starts Wednesday

This week the next highlight at Banco Casino Bratislava will be on the tournament schedule, starting Wednesday the Autumn Cup…

WPT: Pole wins Main Event in Berlin

WPT: Pole wins Main Event in Berlin

Daniel Szymanski wins the Main Event of the World Poker Tour DeepStacks at the Berlin Casino. The WPTDeepStack Main Event…

Dota Underlords has 3 times more players on Steam online
Dota Underlords has 3 times more players on Steam online

For the launch of the Open Beta of Dota Underlords, there is already a huge rush on Steam. The new…

Binishi can win the SPF King's Championship!
Binishi can win the SPF King's Championship!

Also at the end of the Spanish Poker Festival at the King's Resort, Sunday evening at the €100+€15 SPF King's…

Poker for de Ligt: FC Barcelona is ahead by a nose
Poker for de Ligt: FC Barcelona is ahead by a nose

Numerous Spanish media have already reported that defense jewel Matthijs de Ligt will move from Ajax Amsterdam to FC Barcelona…

ESPORTS: YANNIC AND THE FCA IN THE GRAND FINAL
ESPORTS: YANNIC AND THE FCA IN THE GRAND FINAL

The TAG Heuer Virtual Bundesliga season is over and the coveted Grand Final in Berlin is just around the corner.…

Win up to $1,000 a day at the Grand Hand Promo at 888poker
Win up to $1,000 a day at the Grand Hand Promo at 888poker

The Grand Hand promotion has returned to 888poker, where you can win some free goodies until August 15th, including $1,000…

5th matchday of the LEC powered by Shell
5th matchday of the LEC powered by Shell

Together with LEC sponsor Shell, the Recap of the 5th matchday: Upsets, Roster-Changes and a disappeared Rekkles! On the 5th…

Online Poker: Pennsylvania gives the green light
Online Poker: Pennsylvania gives the green light

From 15 July, online poker will be allowed in the US state of Pennsylvania. PokerStars, 888 and partypoker are in…

Is Barcelona showing a different face?
Is Barcelona showing a different face?

Barcelona - FC Barcelona will welcome FC Villarreal on the 6th matchday of La Liga. After the worst start to…

2019 World Series of Poker Main Event: Julian Milliard Leads
2019 World Series of Poker Main Event: Julian Milliard Leads

Yesterday, Event #73, the $10,000 No-Limit Holdem Main Event of the 2019 World Series of Poker, continued with day 2c…

German Games School Championship becomes a member of ESBD
German Games School Championship becomes a member of ESBD

"With over a decade of constant work for eSport at German schools, the German Games School Championship is one of…

Mybetting Deals Tools

Surebet by BetBurger

Surebet by BetBurger

BetBurger is a service focusing on arbitrage bets, also known as sure bets. It turns sports betting into an investment.

Matched Betting by OddsMonkey

OddsMonkey

OddsMonkey offers matched betting services with features to enhance your profits with the best betting offers.

Live Sport Results and Statistics

Live Scores

Always keep ahead of the sports betting game with our real time results and statistics!

2000+ Free Slots

Play the best online slots and your favourites from the biggest developers for free right here!