Nareed
Nareed
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April 17th, 2012 at 11:39:07 AM permalink
Please don't get into a spitting match over which is better or cheaper.

This is all about my doing 4 trips to Vegas and wanting to try a tournament of some sort, nothign more. I'm more interested in the experience than the cost or EV, if any. Of course I welcome any and all advice. But naturally whether a cash game helps or not is something that depends on each person.
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DJTeddyBear
DJTeddyBear
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April 17th, 2012 at 11:47:55 AM permalink
Which is better or cheaper is a matter of perspective, and what you're hoping to achieve.


Cash games have their advantages because you can take your stack and leave any time you want.

However, they also have thier disadvantage because you can get caught up in a hand and lose a lot of money. This happens to novices a lot. It happens to expereinced people more often than they care to admit.


Tournaments have their advantage because you know going in exactly how much it's going to cost.

However, they too have a disadvantage in that you could be knocked out early - even on the first hand!



For the record, I was the first to point out that you described your desired range, $100-$150 buy in, as "very cheap". On the contrary, except in certain casinos that attract players with bigger bankrolls, that would be more than most ever charge for a tourney. A LOT more.
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? 😁
rainman
rainman
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April 17th, 2012 at 12:12:57 PM permalink
If you pay 35 for a tournament and you play for awhile lose go home all it cost was 35. on the other hand try and buy in to a cash game for 35 and see how long it lasts. Im not spitn Nareed :) each to there own just makin some points civil like. :)
DJTeddyBear
DJTeddyBear
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April 17th, 2012 at 12:26:17 PM permalink
Rainman has a point.

Typically, the MINIMUM that a poker room will let you sit down with at a $1/$2 game is $60. Sometimes it's $100.


Something just popped into my head.....

It's not a bad idea to watch the action for a little while. Just don't lurk. Let them know you're just observing, and keep a respectable distance.
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? 😁
Nareed
Nareed
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April 17th, 2012 at 1:27:52 PM permalink
Quote: DJTeddyBear

For the record, I was the first to point out that you described your desired range, $100-$150 buy in, as "very cheap".



Consider my typical flea buy-in at a $5 table game or a 0.25 single hand VP is $100, I thought a tournament around that amount would be within my comfort level. Since I usually bu-in low, I thought that was low

Quote:

On the contrary, except in certain casinos that attract players with bigger bankrolls, that would be more than most ever charge for a tourney. A LOT more.



So much the better, then. It does wonders for my hubris ;)

Now seriously, some practical questions: about how often are there breaks? What happens to my chips while on break? Is the prize pool split on several unequal prizes, or is it winner take all? (I suppose the last may vary according to the casino)
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thecesspit
thecesspit
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April 17th, 2012 at 1:38:32 PM permalink
Quote: rainman

Its far cheaper to cut your teeth in tournaments than a cash game sir. check www.pokerplayernewspaper.com as i specified above there you find listings for every vegas tourney. Time, location, buy in etc...



I agree with this (no spitting match here). I was merely suggesting to get playing casino room poker, a cheap buy in at a cash game would be the way to go. But a $30 fast tournament (donkament, right) will probably work fine as well. I guess all I'm saying, playing a $100 tournie is a good fun time, but try a smaller one first before comitting to a biggie.

Prizes, breaks and all that are "it depends". Prizes tend to be split among 20-30% of the entrants, with final player getting the lions share. However deals for the remaining cash can happen before there is actually a final player. Breaks on the fast tournaments seem to be "when it's over". As they are quick (1-2 hours) you should be good. The longer one is every 90 minutes to 2 hours (in my experience), but the sources rainman notes will have much more details. You can always just walk away if you want (I assume you are concerned about smoke breaks?), and miss a hand or two. Do it after you've been in the dealer spot (or a hand after being dealer), as these are the positions you're less likely to want to play in. But if you have a short stack of chips, you are best of keeping in there... you need a hand to keep going.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
DJTeddyBear
DJTeddyBear
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April 17th, 2012 at 1:40:46 PM permalink
Quote: Nareed

Now seriously, some practical questions: about how often are there breaks? What happens to my chips while on break? Is the prize pool split on several unequal prizes, or is it winner take all? (I suppose the last may vary according to the casino)

OK, a couple more things to put into my Poker Room article:

Typical low buy-in tourneys have 12 or 15 minute blinds. Better tourneys have 20 minute blinds. Breaks are scheduled, typically about 10 minutes every hour. Higher priced tourneys can have blinds as long as 2 hours, followed by a 15 minute break. In such tourneys, they will also schedule a longer meal break.

When there is a break, you must leave your chips on the table. The dealer and/or floor people will watch them. The only time you may take chips off the table is when the tournament director moves you to a different table. Chip racks will be provided as necessary.
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? 😁
PapaChubby
PapaChubby
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April 17th, 2012 at 1:42:10 PM permalink
Golden Nugget and Binion's both have good tournaments. For a cheap tourney on the strip, I recommend Harrah's. Don't play at Bally's. $100-150 will get you into better tournaments at Caesar's and Venetian.

Two things to look at in tourneys: How many starting chips and how long for each level of blinds. Blinds generally start at $25/50. A fast tournament will start you with $2000ish in chips, and have 10-15 minute blinds. After 30 minutes, your starting stack is only 10-20 big blinds, and you're in a short stacked all-in situation. A better tourney will start you with $5000-10,000 in chips, and have 20 to 30 minute blinds. Here you can play for two hours before feeling the blind pressure.

You generally get a break every 90-120 minutes.

Most tourneys pay about 10% of the entrants. A small tourney with 30ish players will pay 3 top finishers. A bigger tourney with 100 players will pay everyone at the final table.
Nareed
Nareed
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April 17th, 2012 at 1:47:40 PM permalink
Quote: thecesspit

You can always just walk away if you want (I assume you are concerned about smoke breaks?), and miss a hand or two.



A little bit. I can stand a couple of hours, even three hours if I'm not bored. But my bladder is a lot less patient than that, no matter how much we argue about it.

Thanks for all the info. I guess I'll try a cheaper tournament first, but I make no promises. I do gamble a bit on the fly, too.
Donald Trump is a fucking criminal
rainman
rainman
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April 17th, 2012 at 2:01:20 PM permalink
you can leave a poker table cash or tournament any time you want. They will post your blinds for you in tournament play.

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