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Poker Tournaments for You This Week
There is never a dull moment in a poker player’s life. Obviously, the main reason for that is the constant existence of poker tournaments and poker events that one can participate in. These events are not just for making money, but also to have some fun and get better at the game in the process. Several live poker tourneys are lined up for this week and the coming weeks. Here is a note on some of the tournaments you can … Read the rest
2012 PokerStars Macau Poker Championships Announced
PokerStars is one online poker room that never takes a break from hosting tournaments. The poker room recently released details about its upcoming event, the PokerStars Macau Live Tournaments. The Macau tournaments hosted by PokerStars is one of the biggest and richest poker events held in Asia. It includes 4 major poker series – Macau Poker Cup (MPC) Red Dragon, Asia Championship of Poker, Macau Poker Cup Championship or MPCC and the yearly Asia Pacific Poker Tour event at Macau. … Read the rest
The $30,000 Winner Wednesday Dozen Unveiled
Winner Poker has partnered with pokernews.com to bring a new promotion to its new members. The online poker room announced its new promotion called Winner’s Wednesday Dozen Freerolls, which literally lets you win free money. The new promotion is open to all the new players who register with Winner Poker and make a deposit. The promo will run for three months, and all you need to do is play poker and earn as many Winner Points as you can. Here … Read the rest
Crazy Payout Structure…FTW?
Wednesday, November 26th, 2008 by Phil
While I was speaking with some of the support staff at Cake Poker to set up our freeroll, they mentioned a few of the different payout structures that they offer for private tournaments…one of these really stuck out to me.
They call this the “Crazy” Payout structure. This basically randomizes the $ amount that is paid out to each finishing position. This means that the winner doesn’t necessarily win the largest amount. The 3rd place finisher can win more than the 2nd place finisher. The 4th place finisher can win more than 3rd place and so on. Below is an example of what the payout structure looks like for one of these tournaments…
- $20
- $30
- $15
- $25
- $55
- $35
- $15
- $30
As you can imagine, this will have some ridiculous implications as far as strategy is concerned. It would be fair to say that you are no longer playing the same poker game when you change the structure like this. This is something that is unique to cake poker.
At certain times, the object might be to be the next person knocked out, so your hand strengths would essentially be reversed. Getting knocked out in 5th might be one of the best options because it is better than getting knocked out in 4th or 3rd. However, getting knocked out in 2nd is worth more than 3rd or 4th. So if you have a lot of chips at that point, it might be best to go for second instead of 5th. If you have a short stack, you might want to think about trying to get knocked out next.
It would be fair to say, that there are going to be a lot of different strategies utilized in a game like this. I could really beat this blog entry to death talking about strategy for these tournaments, but I won’t waste my time. Don’t completely forget about this though, because it’s possible you will see this kind of prize structure in the future, maybe for one of the Big Edge Poker Freerolls. That would really be something…pot limit Omaha with a crazy payout structure? FTW?
