My weekend with a NL Tourney

Modeps

Lifer
Oct 24, 2000
17,254
44
91
My trip to Philly proved to anger me sleightly about getting screwed with cash prizes. We played three total games... All $20 buy in's.

The first game had 10 people, and the host decided that first prize was $160, second was $40 and there would be no third prize... ok. I placed second... Doubled my entry fee for placing second among 10 people... Hmm, I think that was a little low, but at least I made money.

Second game, we had 13 people, prize breakdown was first place $200, second place $40, third place $20. (I didnt hear what the payouts would be till after I hit the final table, so I couldnt complain) We had two tables, I ended up being the second highest stack at our table when we merged. Folded two crappy hole hands. On the third hand, matched the blind with a decent hole (Ace, Jack offsuit), everyone left it as that and we saw the flop... I didnt get a piece of it at all, but apparently everyone else did. We got 3 all in's, and the chipleader called. Chipleader ended up making a flush on the river (after he really shouldnt have stayed in even for the flop.. he had suited 4,7 in his hole), knocking out 3 guys in one blow... all the sudden the table was down to 3, myself with a terribly short stack comparably. Bluffed my way to work it up a bit, then finally went all in on another decent pocket (pair of 10s), got called, got knocked out by a set of 7s. Finished 3rd... and only got my entry back.

Third game, I just got screwed on some bad beats, and went out early. So overall, I ended dead even.

The only thing that came out of it that was good, was that I had a real philly cheese steak for the first time. yummers! (see other thread)
 

Cadop

Senior member
Mar 28, 2003
411
1
81
That's not bad for playing against that many people. My friends and I just recently picked up poker a few weeks ago. We play with a $5 entry fee. We get anywhere from 5-10 people playing. It usually ends when people get tired at the end of the night and cash in, we really don't have any 1st, 2nd, or 3rd places. Since the two times I played, both with $5 buy in, I won $14 the one night and $20 the other night.

It's all in good fun for me, not about the money. But it doesn't hurt either. :D

Cheers! :beer:
 

Modeps

Lifer
Oct 24, 2000
17,254
44
91
Originally posted by: Cadop
That's not bad for playing against that many people. My friends and I just recently picked up poker a few weeks ago. We play with a $5 entry fee. We get anywhere from 5-10 people playing. It usually ends when people get tired at the end of the night and cash in, we really don't have any 1st, 2nd, or 3rd places. Since the two times I played, both with $5 buy in, I won $14 the one night and $20 the other night.

It's all in good fun for me, not about the money. But it doesn't hurt either. :D

Cheers! :beer:

Honestly, the typical structure should be something like this:

Top 30% (rounded down) people win money which would have been 3 people for the first two games. Then the payouts would be 50%, 30%, 20%... (or roughly $100/$60/$40 and $130/$80/$50)