Is this REASONABLE? Play poker 40 hours a week and get 400.00 in cash?

Is this a reasonable figure ...
Poker players who play forty hours a week will get food comps at two dollars per hour and will be paid at ten dollars an hour in cash?

Supposedly this is the TI poker room starting January first. Its not to be a prop player... just to play in their room.

How can a poker room do this???

Quote: FleaStiff

Is this a reasonable figure ...
Poker players who play forty hours a week will get food comps at two dollars per hour and will be paid at ten dollars an hour in cash?

Supposedly this is the TI poker room starting January first. Its not to be a prop player... just to play in their room.

How can a poker room do this???

don't know, but a lot of what seems like the best deal ever in marketing often turns out to be the "introductory" part of a contract that obscures the fact that it is actually the worst deal ever. I am allergic to that type of marketing, just hate it. Definitely don't give me anything for 'free' or I am deaf to the offer.

If for this deal there is no contract, it could still be yanked pretty fast.

The publicity on this did not come from the TI.

Based on the assumption that Poker Rooms provide only a narrow profit margin, I find the figure difficult to believe. I'm not asking if it is true but merely if it is at all reasonable.

Quote: FleaStiff

Is this a reasonable figure ...
Poker players who play forty hours a week will get food comps at two dollars per hour and will be paid at ten dollars an hour in cash?

Supposedly this is the TI poker room starting January first. Its not to be a prop player... just to play in their room.

How can a poker room do this???

Has got to have the string that you have to be there 40 hours, hit the felt at 39 hours 45 minutes and you get nothing. Few players can bankroll that kind of play; have the patience to sit for it; and can take off work for it. It would become a job, but worse. The dealer gets a break every 80 minutes or less. The brush will get one probably every 2 hours if s/he does not deal. If you even get up to hit the bathroom and take too long there will be the "missed blind" lamier waiting to greet you. I doubt one player at each table could do it for more than 2-3 weeks.

The owner of TI seems to fashion himself as at least a little of an old-school-before-corporations kind of guy who will try something like this.

Nothing about forty consecutive hours or a mandatory forty hours or get zilch...
Just any player who during one week accumulates forty hours of play in their poker room gets 80.00 in food comps and 400.00 in cash.

Is this a figure that if you heard you would believe or think was wildly absurd?
(I only noted the highest pay scale: ten dollars an hour, but I recall those who put only twenty hours in would still be getting something). I've not yet found an official TI source for this January 1st changeover in their poker room.

What's the catch? Is my first thought.
I'm thinking
a) must play 40 hrs
b) must play 2.5-5 NLH
If thats the case they are just giving back the rake.
btw Flea you said it!!!
must play 40 hrs in the week, that is not easy for most people and if I lived there I would look into it as I can site for hrs.

Quote: FleaStiff

Nothing about forty consecutive hours or a mandatory forty hours or get zilch...
Just any player who during one week accumulates forty hours of play in their poker room gets 80.00 in food comps and 400.00 in cash.

Is this a figure that if you heard you would believe or think was wildly absurd?

In Vegas, not at all...

TI is going after the locals who are the grinders and have to use promotions to turn a profit playing poker. These are the retired men with more moles than teeth and who are more bitter than coffee. They know if they can snag a few of them, they'll have a game going on for the tourists who just happen into the joint. More active tables mean a better poker room (by perception).

The other thing they will get are the kids who come out to Vegas thinking they can get 40 hours a week in. By hour 20, they are bored and fed up, and possibly broke, so TI isn't out anything. You're not going to get the professionals at Bellagio to switch all that time over to TI; high-stakes players aren't living off cash promotions anyways.

It's actually a genius promotion. I would be surprised if they paid out ten people, but it will generate so much buzz that it's good for the room.

So its very tight players pretty much playing for blinds and whatever tourist-prey might wander in by mistake.
But instead of playing for blinds and comped drinks they will be playing for anywhere from five to ten dollars an hour depending on their total hours of play per week.

I just wondered if this was reasonable because 8 tables at ten dollars an hour could be a really hefty figure for a poker room.

Quote: FleaStiff

So its very tight players pretty much playing for blinds and whatever tourist-prey might wander in by mistake.
But instead of playing for blinds and comped drinks they will be playing for anywhere from five to ten dollars an hour depending on their total hours of play per week.

I just wondered if this was reasonable because 8 tables at ten dollars an hour could be a really hefty figure for a poker room.

The thing to me is that I have better ways to earn more money with less risk and effort. Some retired locals might take them up on it.

If you go to a 5-10 nlh the time is about $7 every 1/2 hr x10 player x 2 for the hole hr = $140 hr per full table. if all players qualify for the promo thats $120 hr however most players will no qualify. This promo is ment to have full tables so the touirst will play. When it come to poker the more action you have the bigger the croud gets and that is how a casino brings in $ at a poker room. Btw at a fast paced game with a rake of 10% up to $4/hand you can bring in $120-$160 hr.

I think the bigger issue today is this type of promo is simple one would not expect it from a strip casino.