Over $7 million juiced from WSOP ME. How to turn poker from a negative to a positive sum game.
Caesars Entertainment bested Jordan Griff to come in 2nd in the WSOP main event by raking $7,078,400 off the prize pool.
7 million is monkey piss compared to the aproximately 20 million the IRS takes out per 100 million of entry fees. The IRS is the biggest winner by far and should be in the Poker HOF.
This is why tournament poker is a "sucker's dream" that ends in shambles for most.
IRS don't take any of my winnings.
Yeah, also, dealing with poker players who on average can be very disagreeable and complain a lot, so they tolerate a lot in that respect.
I know this is an unpopular opinion, but I have no issue with rake at the current level since we get the logistics handled for that price. I would fight against any increase though because increases would harm the poker economy.
Not just the logistics but the softest 10k of the year by a landslide.
If you're playing for a living rake is a business expense pure and simple.
Obviously there is a point where rake becomes unbeatable but I'll happily pay some higher take for much softer games.
Let me see if I understand this correctly: A live tournament is charging 7% juice, and you rocket scientists are complaining that this is too high???
Let me see if I understand this correctly: A live tournament is charging 7% juice, and you rocket scientists are complaining that this is too high???
You missed the part where 10k people entered but yea.
Rake is too high lmao.
Imagine Caesars saying wow we got 10k people but a bunch of poker dick parasites with giant backpacks,tablets, headphones who sit there tanking and drinking green tea want more money let's lower the rake for them.
Next they'll ask the NFL to lower the price of Superbowl tickets.
If you want a healthy poker economy you should hope the main event is able to rake $10M next year. $7M is nothing on $100M in wagers. The US economy is huge, total rake across US casinos and sports books was over $60 BILLION last year, which was a tiny drop in the bucket of $23 TRILLION in US personal income.
You missed the part where 10k people entered but yea.
Rake is too high lmao.
Imagine Caesars saying wow we got 10k people but a bunch of poker dick parasites with giant backpacks,tablets, headphones who sit there tanking and drinking green tea want more money let's lower the rake for them.
Next they'll ask the NFL to lower the price of Superbowl tickets.
You missed the part where in the typical $100-buyin MTT at the typical local poker room only $65 goes into the prize pool.
The people complaining here are not the pros; they are just NVG Dunning-Kruegerrhoids who think they know everything but in reallity don't know ****.
So is the plan to turn the Main Event into a freeroll for a couple hundred thousand like Mr Olympia or what?
No; the plan is to complain about something over which the complainers have absolutely no control or influence.
The casinos make more from other gambling and view the poker pros as taking some of their cut. The tournaments sort of promote the casinos, but casinos aren't charitable institutions.
I would say that it might cost all $7 mil to run the event. But in the same aspect the amount of revenue generated within the properties with hotel rooms being booked, restaurants being eaten at, gaming action on the floors and poker room. Then all the sponsorships and TV money. They make a mint on all that stuff. But not necessary the entry fees.
That is why the wsop got moved to one of the hottest times of the year instead of the original may time frame. They knew the poker players would still come in droves.
Wasn't the wsop main event prior to 2002 no rake?
Please correct me if I'm wrong.
Would be interested to know the rake percentage for wsop main event by year.
Pretty sure they would win that lawsuit, actually. It’s not negligence when someone dies of natural causes and you couldn’t immediately find a device in a timely manner that may or may not have saved his life. From what I hear, they called paramedics and were performing CPR rather immediately.A lot of people die in everyday public situations that we’re not eve
This is hilariously typical. I'd expect nothing more from poker players. Bunch of scumbag degenerates.
But everyone says the guys they know are all good people....
