prozema
prozema
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June 12th, 2017 at 9:21:04 PM permalink
Hi. Fair disclosure, I am learning AP, so I hope I'm not blowing anything for anyone by posting this. I'll be very careful not to post any specifics, and as luck has it, I have very few details. :-)

Anyway... Here is what I know:
If I earn 500 tier points from 5a Monday 4:59a Sunday each week I receive an entry into the qualifying tournament the following Sunday.
$10 coin in on video poker or $5 coin in on slots for 1 point. 9/6 JoB is available $0.25 and $0.50 detonation. I think playing quarters is a better option because there is a 0% chance of getting a W2G. Who wants to pay taxes if they don't have too? anyway...
I pretty sure that means an entry costs (approximately) $10 X 500 points X .005 expected loss... $25 per entry. Seems reasonable enough.... Maybe just a bit more if I make some mistakes.

The casino web page says it is a $100,000 BJ tourney. I assume that is total prize pool. Here is what I don't know: Anything else useful... like:
The rules in the BJ tourney... Starting chips, who advances, how many rounds to advance though, how many places are paid, how people are paid (I assume it's free slot play).

Questions:
What do I need to know if this is worth chasing?
How do I get the information I need? Can / should I just call them and ask?

Also, I watched some blackjack tourneys online, and basic strategy seems way less important than betting position and the size of your stack. Where would if find strategy guidelines for BJ tourneys?

Additional information:
I know basic strategy. I can count hi / lo (if the dealer isn't lighting fast and I'm not drinking) and know a few deviations (insurance and 16 v 10... The easy ones...) but I'm no Romes (not even close). I'm not sure any of that matters, as in the BJ tourney I saw on youtube, I saw people doubling natural BJs to try and get into the top two at their table.

I thank everyone in advance for their guidance and advice.
Last edited by: prozema on Jun 12, 2017
BleedingChipsSlowly
BleedingChipsSlowly
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prozema
June 12th, 2017 at 11:50:25 PM permalink
Tournament blackjack is a contest between players using chips that don't represent money. Of course it is much different than playing with your money against the casino. Do the Google thing and you will find plenty of advice. Good luck on winding up in the top at your table.

"Third prize is, you're fired." - Glengarry Glen Ross
RS
RS
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prozema
June 13th, 2017 at 4:12:12 AM permalink
They could be giving away $100k each tournament, but that sounds unlikely, given how easy it is to earn an entry.

It could be $100k for the month, for $25k per tournament.

Or it might be a 4 month thing (only during summer?), where they give out $25k a month, or $5-6k per tournament.

Definitely call and ask. Also figure out the payout structure. Maybe even how many people are generally in the tournament.

That $100k could mean they are giving away $100k in cash + freeplay + gifts/prizes/comps. If most of that "$100k" is in food comps & free hotel stays, then it's not too great.


So a "$100k tournament" can range anywhere from practically zero prizes in cash and free play, up to $100k per tournament.


It could also be a pre-tournament, where the winner, or top 5 or top 10 advance to a tournament held at the end of the year, and that tournament has a $100k prize pool.
"should of played 'Go Fish' today ya peasant" -typoontrav
Romes
Romes
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prozema
June 13th, 2017 at 6:57:42 AM permalink
RS basically summed it up. I'd just also add that tournament strategy is VASTLY different than regular counting. I don't claim to be a tournament expert, but there are some really good tournament books out there if you so choose (wong has one).

Definitely just call the rewards desk and bluntly ask what the rules and payout structure are for the tournament. There shouldn't be anything weird by just asking about the tournament and the payouts =). IF it is $100k each week, and that's mostly in cash + free play, then it could potentially be worth it - but you'd probably want to know tournament strategy.
Playing it correctly means you've already won.
prozema
prozema
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June 13th, 2017 at 7:00:01 AM permalink
I've followed the Google advice. Lots to absorb on tournament strategy!
theoriemeister
theoriemeister
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June 14th, 2017 at 6:01:13 PM permalink
I was intrigued by a local BJ tourney, and following the advice here I bought Wong's book on tournament strategy. I was dismayed to learn that BJ tournament play (at least according to his book) seems based primarily on betting strategy and not skillful play of the hand. Usually the size of your bet is determined by how much your opponents bet and by how much you are ahead/behind your opponents in chip count. And since the object is to have at least enough chips to advance to the next round, there are things like doubling down on a stiff 17 or even a blackjack(!) as a last ditch effort of earning more chips.
ars longa vita brevis
billryan
billryan
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June 14th, 2017 at 6:49:05 PM permalink
You should be getting your normal comps and cashback as well, so the cost will be that much less.
Ken Smith has some amazing insights into BJ tournaments. I'd read all you find of his stuff.
It's what you do and not what you say If you're not part of the future then get out of the way
prozema
prozema
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June 14th, 2017 at 7:45:03 PM permalink
After doing some reading, I'm thinking that I feel the same way about black jack tournaments as I do about poker tournaments.... The strategy is so much different than cash games it's a whole different beast. I'm sticking to cash games.

If I get an invite by happenstance, i might give it a go just for giggles, but I'm not going to play a -ev game to get an invite.
Deucekies
Deucekies
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prozema
June 14th, 2017 at 9:50:06 PM permalink
Quote: theoriemeister

I was dismayed to learn that BJ tournament play (at least according to his book) seems based primarily on betting strategy and not skillful play of the hand. Usually the size of your bet is determined by how much your opponents bet and by how much you are ahead/behind your opponents in chip count. And since the object is to have at least enough chips to advance to the next round, there are things like doubling down on a stiff 17 or even a blackjack(!) as a last ditch effort of earning more chips.



If you understand this, you have an advantage over a great number of blackjack tournament players.
Casinos are not your friends, they want your money. But so does Disneyland. And there is no chance in hell that you will go to Disneyland and come back with more money than you went with. - AxelWolf and Mickeycrimm
DRich
DRich
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June 15th, 2017 at 7:35:12 AM permalink
If this thread is referring to the $100k Golden Nugget BJ tournament the payouts are:
1st $50k cash or promo chips
2nd $15k cash or promo chips
3rd $10k cash or promo chips
etc.

The problem is that there doesn't seem to be a cap on the number of players and it is a rebuy tournament. They also let players buy directly into the quarter final and semi final rounds.

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