FTP: Cashout tournament? what the?

Does anybody else see this after todays update?

Wait I found one, tournament ID 112570793 ... weird

Thats so weird... if anyone is smart this thing should be easy profit somehow.

Cashout Tournaments - A totally new type of tournament. If you've ever heard someone say "I wish I could just take these tournament chips and cash out right now," well, now they can. Part (usually half) of your buyin goes to the regular prize pool, but the rest goes to a "Cashout Pool" which gets depleted as people "cash out" of the tournament.

By way of example: Say the buyin is $20 and you start with 1,000 chips. If $10 of the buyin goes to the Cashout Pool, each 100 chips will be worth $1 of the Cashout Pool. At any time throughout the tournament (except the very beginning while people are still registering and the very end) you can cash out part or all of your tournament chips for cash.

More info (to be posted in the next couple of minutes) can be found here:

http://www.fulltiltpoker.com/cashout-tournaments

They also added:

Run It Twice - Most of you already know what this is from live cash games (or TV), but briefly: If there are two players in the hand and there's an all-in and call before the river, and both players have decided to run it twice (there’s a new checkbox in the "permanent checkbox" area of the table), any board cards left to come will be dealt twice, resulting in two boards. Half the pot will go to the winner of the first board and half the pot will go to the winner of the second board.

For now, only NLH, PLO, and HA games in Ivey's Room have Run It Twice enabled. We will likely enable RIT for lower stakes games in the coming weeks.

More info (to be posted in the next couple of minutes) can be found here:

http://www.fulltiltpoker.com/run-it-twice

7-Game Tournaments - By popular demand. And yes, as many people guessed, FTOPS Event #2 is 7-Game.

That is just crazy enough to try lol.... I kinda like the idea because if you have to leave or something least u dont have to be blinded out u can get at least a little something for your money..

this is something new in tournaments I will try it soon as possible

I love the idea. I usually bounce in a MTT from average stack to heavy stack a couple of time in the coarse of a tourney. If given the opportunity to redeem my buy in when heavy, I would jump at the chance as long as its in the 10% or so stack range.

hmmmmmmmmmmmmmmmmmmmmm sounds interesting, especially when you can't play the full duration. but haven't seen any yet not to many of them i guess. gl, thanks and peace............................

If that's #112570993 on FTP, I'm in it too. Will put this one one cruise control till a premium hits. GL

If you're doing well, then you're likely to go deep so if you cash out then you miss out??

Still I suppose normal 'prizepool' will be less so not as much point playing on..

If you're were in 6th with 50 left out of say 300 and the first 5 decide to take the cash then you'd be laughing!! (and pretty dumb to cash out?)

Cant work out if I think it's a good idea or not!

The run it twice option just encourages idiots to call allins with small pairs/ suited connectors so think that's just a plain dumb idea

Sounds interesting. There are times when I'm getting tired that the cashout would be nice. As far as the "Deal it twice", I assume the 1st deal board cards are put back in the deck for the 2nd deal? So there can be duplicate cards on the two deals?

sounds like interesting tournaments , may have to give them a go

They do sound interesting. I too might play one.. just cause

Since this is uncharted waters on strategy since they are new, i'd like to hear ideas and opinions on when its good to take some profit during these.

Like I'm around 35th in chips at th bubble(108left), and unsure whether to cashout a little or just play on.

going to be difficult to judge as the prize structure constantly changing with players cashing out.

If you are a massive chipleader probably wise to cash out your chips, the name of the tournament is cashout so will be a novelty and alot will cashout before the end

probably best thing to do is watch a few games from middle to end where they can take out money and try to calcualte how much is being taken out.

total players * starting chips - chips remaining should give you an idea how much is taken from the final pot. Then maybe work out is it worth going for one of the top places or cashing out when you have the chips.

Probably similar to deal making on final tables of tournaments, if you havent dealt before may be difficult to work out if its good or bad for u

Got a feeling these games are going to be very confusing and causes of major headaches

Not necessarly a good idea.....



Full Tilt Poker Game #15353130698: $2,500 Guarantee (Cashout) (112570793), Table 65 - 15/30 - No Limit Hold'em - 10:45:05 ET - 2009/10/15
Seat 1: RudiKing (3,545)
Seat 2: Anular (4,475)
Seat 3: Ibracabarca (2,685)
Seat 4: pasatora (2,655)
Seat 5: vanou944 (3,460)
Seat 6: killaklown585 (2,955)
Seat 7: TeddyKGB23 (3,720)
Seat 9: Sky_Whisper_1 (3,315)
TeddyKGB23 posts the small blind of 15
Sky_Whisper_1 posts the big blind of 30
The button is in seat #6
*** HOLE CARDS ***
Dealt to TeddyKGB23 [Kh Kd]
RudiKing folds
Anular has 15 seconds left to act
Anular folds
Ibracabarca has 15 seconds left to act
Ibracabarca folds
pasatora folds
vanou944 folds
killaklown585 raises to 90
juarnes sits down
juarnes adds 2,660
TeddyKGB23 raises to 300
Sky_Whisper_1 folds
killaklown585 calls 210
*** FLOP *** [Td 4c 2s]
TeddyKGB23 bets 630
killaklown585 calls 630
*** TURN *** [Td 4c 2s] 6♦
TeddyKGB23 bets 2,790, and is all in
killaklown585 has 15 seconds left to act
killaklown585 has requested TIME
killaklown585: im so sorry
killaklown585 calls 2,025, and is all in
TeddyKGB23 shows [Kh Kd]
killaklown585 shows [3c 5s]
Uncalled bet of 765 returned to TeddyKGB23
*** RIVER *** [Td 4c 2s 6d] 6♥
TeddyKGB23 shows two pair, Kings and Sixes
killaklown585 shows a straight, Six high
killaklown585 wins the pot (5,940) with a straight, Six high
*** SUMMARY ***
Total pot 5,940 | Rake 0
Board: [Td 4c 2s 6d 6h]
Seat 1: RudiKing didn't bet (folded)
Seat 2: Anular didn't bet (folded)
Seat 3: Ibracabarca didn't bet (folded)
Seat 4: pasatora didn't bet (folded)
Seat 5: vanou944 didn't bet (folded)
Seat 6: killaklown585 (button) showed [3c 5s] and won (5,940) with a straight, Six high
Seat 7: TeddyKGB23 (small blind) showed [Kh Kd] and lost with two pair, Kings and Sixes
Seat 9: Sky_Whisper_1 (big blind) folded before the Flop

The cashout is a nice twist. I think it changes your strategy dramatically if you ha ve a medium stack. I'm game!

oh and i also forgot to figure in by cashin out and eliminating myself ya get whatever place you finish money too so i got 47th place money too.

i really think th key to these is all about making the final 9 cause then you get in on th leftover pool if you are shortstacked and know you cant get to final 9 then cashout is th way to go if you want profit. just my initial thoughts first time playin one.

good luck all i'll be playin one of these again for sure.

Definitely but highly unlikely situation as everyone would cash out and the whole prize structure would crash.

OOPs didnt realsie how many people entered these just checked out the tourney id posted earlier and over 1000 entered, looks like a case of pick and mix, decide how much you want to cash with your chips, if you are happy withthe payout take it or gamble and go for the higher prizes

wasnt me im kittyxxkat on Tilt. Congrats on your first game

PS where do you find the games, under what tab do they appear

The prize pool does not change.
1/2 of the prize pool is designated towards chips, so every chip has a direct cash value. When people cash out their chips disappear from the game, and the equivalent amount of $ is taken from that half of the prize pool. So if you win the tournament you will have a lot of chips, not only do you win the $ for chips but you win first place payout as well! Of course, if you bust out in 2nd place you only get 2nd place money.

Granted, the first place payout is going to be substantially smaller than it would be in a normal tournament.

This sounds confusingly mathematical enough that I may have to try them out.

Would definitely like running it twice. Lower variance imo. Edit: Meh, nevermind. Apparently there is extra rake which defeats the purpose of higher EV higher variance.

This may or may not be a good thing. If you are in first place with 200K and the next stack has 100K, you could even the playing field and get some of the cash out money. If just taking down the tourney is the best payout, just play to win. If you win first place will any of the cashout money go towards that also? So many questions when something like this comes about. X

looking at tournament ID 11257079

Just over 1000 players.

If 1000 players enter then 3 million in chips - depends how many cashout could be alot less, didnt see final table so not sure how many cashed out

Surely if you get heads up with equal chips you will have 1.5 million chips which equals $2500 as the difference between 1st and 2nd was only just over $400 sensible choice would be to cash and get 2nd for about $3200 or gamble to win over $6000 or win $700.

Even at 9 left if chips were equal then good deal to cash out your chips would be worth around $550 whereas if you gamble and lose payout is only $80. Although you can wait and se if others cash to slowly creep up the pay ladder. Think it depends how big the blinds and how much you would be losing.

Seems like a mix between a cash game and tournament mindset.

Prob ignore all the above been drinking too much coffee LOL

just realised majority of chips will have been cashed out so figures above are $%^£$"$"$!***

Is it possible to cash out several times or if you cashout thats it, would be interesting if ou could cash out several times during the game and make a fortune

Attached Images

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No, they aren't, any board cards in the first deal are gone, they will never come up again.