There is a prize pool of $100 000, with $50 000 for first paying down to $1000 for 22nd place.
Entry is free so long as you can hit a suited blackjack from a $10 bet playing regular blackjack. The only other cost (aside from the monorail) is an optional 'mulligan' that can be purchased for $100 of real money and can be used to exchange a card at anytime.
Not sure how many players this might attract, I'm guessing several hundred.
Anyone else here likely to be taking part?
Are there rebuys? I am wondering how they will make up the 100g's?
I guess it depends on whether the buffet at LVH is any darn good and how you do playing there after the tournament ends.
no number crunching for what the expected playing time would be to hit a suited BJ, with standard deviation?
A good and convenient rule of thumb is you get a blackjack about once every 21 hands. So a suited blackjack once every 21*4=84 hands, because 1 in 4 blackjacks are suited. According to my hands per hour guide, there are 72 per hour in blackjack. So it would take on average about 70 minutes to get a blackjack. The standard deviation is also the expected time between such events, or 70 in this case.
Such LVH tournaments are not worth going out of your way for. They will invite a huge number of people, pushing 1,000. Then they will charge for such things as "second chance" cards or re-buys.
I suspected that this might attract a lot of hopefuls so my expectations of cashing will be accordingly low. I have no plans to buy that $100 mulligan card (unless I somehow get into the cash then maybe).
I will be there mostly out of curiosity, I can't begin to imagine what a room full of 1000 blackjack players looks like. I hope not everyone will be taking it too seriously - it's a freeroll after all.
I doubt I would have even bothered with the detour to the LVH if not for the freeroll tournement. Hope it's worth the monorail ticket.
Above someone wondered where the Hilton got their 100K. I believe just the $100 mulligans alone will generate 70K from 700 people. I have not been in the Hilton since the early 2000's when they were having their million dollar tournaments and have no idea what % of people buy the mulligan, but I would.
Their prize structure of top 22 getting something is interesting. Usually, it would be everybody in the semi-finals (with the same number of people at the table) or something like that, but 22 is an odd amount. I assume it some kind of wild card arrangement (probably 6) to make 7 tables of 4 where the winner goes to the finals and the wildcards are not eligible for the 8th-22nd place. I have never played in one these.