AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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June 9th, 2013 at 8:10:15 PM permalink
I frequently get invites to the D with free entry into table games tournaments. For example, I just got one for a $50,000 BJ tournament on 7/26-7/28. Says it includes "up to 3 complimentary nights" but I wonder if they really comp you the weekend nights.

Anyway, I was wondering if anyone knew how big these tournaments are or any way to estimate the EV. The payout schedule is 25K/10K/7K/4K/2.5K/1.5K for 1st-6th. Obviously you would have to start with a participant estimate to guess at the EV.

I'm trying to decide if I want to line up one of my future trips with one of these offers and learn a non-terribly tournament strategy (currently would have no clue what I would be doing, ha).

I wouldn't make a special trip for it or anything. I feel like I got an invite to a craps tournament in the past, but I may be making that up. I would have more fun but it seems like it could be difficult to pull that off in a small casino.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
Wizard
Administrator
Wizard
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June 9th, 2013 at 8:33:34 PM permalink
The basic calculation is (total prize money)/(number of players). However, you should make adjustments for skill factor. Also, value is significantly depressed if the casino allows re-buys. They are probably inviting about 200 people, and most casinos allow re-buys. Assuming your tournament skill is about average, I would say EV is $150. The "complimentary nights" may depend on how many you want. Some many not want to stick around that long.

Finally, make sure the prize money is cash or "use till you lose" chips. If they are use-once chips then divide EV by 2.
It's not whether you win or lose; it's whether or not you had a good bet.
teddys
teddys
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June 9th, 2013 at 8:51:59 PM permalink
I did a couple of these tournaments at Green Valley Ranch/Red Rock. They were fun especially with the complimentary weekend nights and they had a free breakfast buffet for us. The prize schedule was on $25K total. So the D tourney is better E.V. Tournament strategy is not very hard to learn. You can get a sizable skill advantage over many of the players.
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
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June 9th, 2013 at 10:14:54 PM permalink
Quote: Wizard

The basic calculation is (total prize money)/(number of players). However, you should make adjustments for skill factor. Also, value is significantly depressed if the casino allows re-buys. They are probably inviting about 200 people, and most casinos allow re-buys. Assuming your tournament skill is about average, I would say EV is $150. The "complimentary nights" may depend on how many you want. Some many not want to stick around that long.

Finally, make sure the prize money is cash or "use till you lose" chips. If they are use-once chips then divide EV by 2.


Prize money is indeed in cash OR "use till you lose" chips, so that's good.

Quote: teddys

I did a couple of these tournaments at Green Valley Ranch/Red Rock. They were fun especially with the complimentary weekend nights and they had a free breakfast buffet for us. The prize schedule was on $25K total. So the D tourney is better E.V. Tournament strategy is not very hard to learn. You can get a sizable skill advantage over many of the players.


Thanks guys for the tips. Probably not worth enough in EV to change any trip dates, but I'll see if anything lines up.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
pitboss59
pitboss59
Joined: Jun 25, 2013
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June 25th, 2013 at 10:29:38 PM permalink
The last D tournament only had 99 players

Hot Summer Nights offered by the sister property is July 22-24 at Golden Gate a $50k Cash Tournament!
DJTeddyBear
DJTeddyBear
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June 26th, 2013 at 7:47:35 AM permalink
Edit

I should have read the other posts before asking questions...
I invented a few casino games. Info: http://www.DaveMillerGaming.com/ 覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧 Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood? 😁

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