Things You Should Know About Live Poker Tournaments
admin wrote an interesting post today on
Here’s a quick excerpt
Live poker tournaments can be incredibly fun. All players start with the same number of chips and play until one person has all the chips. As you get deeper in the tournament, the importance of each decision and impact of each card becomes very exciting. However, there are a few things to keep in mind when it comes to playing live poker tournaments.
Small Buy-In Tournaments are Nearly Unbeatable in the Long Run
Despite having very soft competition, small buy-in live poker tournaments (buy-in of less than $300) are almost never good value. This is because casinos charge a very high entry fee for these events. A typical $100 live tournament buy-in will only contribute $75-$80 into the prize pool. The rest will be absorbed by the house as a fee.
As a percentage of the buy-in, this is an enormous fee. Suddenly 15-25% of the prize pool is missing for [...]
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