Entry fee of WSOP Main Event

This is a discussion on Entry fee of WSOP Main Event within the online poker forums, in the General Poker section; Do you think they'll increase the entry fee to wsop. Nowadays, anyone can join main event if they just have 10k. Back then, 10k was ...
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  #1
28th February 2009, 12:52 AM
pokerlovesme
 
Online Poker at: full tilt
Game: holdem
Entry fee of WSOP Main Event

Do you think they'll increase the entry fee to wsop. Nowadays, anyone can join main event if they just have 10k. Back then, 10k was a lot before economy in US inflated. That's why not many people joined and when people, it was mostly poker players who played seriously. Now, you see too many donks and spoiled rich kids joining main event. I honestly think raising entry fee will reduce donks and random people who are seeking to hit the lottery. I read about this in Chris Ferguson's forum on full tilt. What do you guys think? Do you think they'll raise the entry fee? Do you think it's better to raise the entry fee?
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  #2
28th February 2009, 1:14 AM
Mase31683
 
Poker at: Mohegan Sun
Game: NLHE 6max/FR
I think a lot of "pros" would like to see an increase for exactly the reasons stated. The field would likely be thinned, and it would be more likely that "name" players make the final table and win the event, much like the current $50,000 HORSE tournament.

However, it really will come down to is the amount of money the casino makes from running the tourny. I'm not exactly sure how the buy-in + fee breaks down at the ME, I'm going to look for that now. Okay, currently 4.2% is withheld for entry fees, and 1.8% held for tournament staff. So Harrah's makes $420 per person currently. Last year there were 6,358 entrants, making $2,670,360.

If they believe they can increase that amount by raising the buy-in, then I believe it will happen. If however they deem that a larger buy-in would not increase their take, they will keep the entry fee right where it is.

Personally, I'd support the bigger buy-in, I kind of lost interest with the WSOP as of late.
  #3
2nd March 2009, 4:05 AM
sld2
 
Online Poker at: pokerstars
Game: NLHE
I think the increase in players has more to do with the tremendous gain in popularity that poker especially NLHE has received. In the last 10 years poker as become exponentially more popular, and I think that trend will continue. Poker is everywhere you look, which makes more people want to play. You could see less people in the main event with an increased buy in, but with how popular poker has become, its not likely that you won't see the same type of players that have flooded to the event the past few years.
  #4
2nd March 2009, 4:15 AM
phemalephenom
 
Poker at: Party Poker
Game: HE
I would not support a raise in entry. 10K is already giant. I would like to play some day and its not a remote poss if its over 10
  #5
2nd March 2009, 4:39 AM
zzzaacckk
 
Online Poker at: Full Tilt
Game: NL Hold'Em
I dunno. As much as 10k isnt really an obstacle for a well rolled amateur, I think that one massive tournament per year is fine. Most of the other tourneys that the pros play are very exclusive. One a year filled with no names shouldnt be a big deal. As much as odds now are that a random will win it just due to normal variance, its alright to give us mortals one major opportunity to play well (and inevitably get lucky) to win huge money.
  #6
2nd March 2009, 6:29 AM
OzExorcist
 
Poker at: Full Tilt
Game: wild deuces
Quote:
Originally Posted by pokerlovesme
Now, you see too many donks and spoiled rich kids joining main event.
I think it'll be left exactly as it is, for exactly this reason - they want the donks, the spoiled rich kids, the retirees with too much time on their hands and as many other people as they can cram in to play the Main Event.

The Main Event isn't just any poker tournament - it's the poker tournament. It's the biggest tournament in the world, with the biggest prize pool and the most players. Harrah's would be mad to do anything that compromises that, including raising the price.

I'm certain they don't care what the standard of play is like as long as it remains the biggest tournament in the world.

The Main Event is a circus for the masses and the media. Plain and simple. The pros that care about the "quality" of play (assuming that's even a valid argument - and I have my reservations on that point) have the $50K HORSE and various other high buy-in events to keep them amused.
  #7
2nd March 2009, 4:50 PM
thirteenlisk
 
re: Entry fee of WSOP Main Event poker

Changing the main event would be a huge mistake. It's got the reputation for being the biggest tournament of the year that is accessible to amateurs. Changing that by raising the buy-in would probably mean a decline in viewers on TV, which would be pretty bad for poker in general.

Event #2 this year is a $40K buy-in NLHE tournament. This gives us the best of both worlds - a chance to see a NLHE tourney catered to the pros and the main event left untouched for anybody to win.
  #8
2nd March 2009, 5:53 PM
maolitas
 
Poker at: PokerStars
Game: holdem
I think that this price is already enough expensive.
First, I think that even if it was 100000$, you still may find bad people in there. Have you any idea of how many millionaires there are in world? So as poker has become more and more famous with TV, I think there will be more and more rich people that pay the WSOP fee.
And my second point is that I think it's a very good point that basically anyone can pay the fee, join and win the WSOP (with a good dose of luck of course).
I don't think closing the WSOP doors to the majority is a good idea, and I don't expect it
  #9
2nd March 2009, 5:58 PM
Egon Towst
 
Online Poker at: 32 sites
Game: HE, PLO, 5CD
Quote:
Originally Posted by thirteenlisk
Event #2 this year is a $40K buy-in NLHE tournament. This gives us the best of both worlds - a chance to see a NLHE tourney catered to the pros and the main event left untouched for anybody to win.

I concur.
  #10
2nd March 2009, 6:02 PM
jimmy jax
 
Poker at: Fulltilt
Game: holdem
main event

I believe that the basic logic of this post is correct. It's not the same tournament as it used to be. Raising the buy-in would help keep the integrity of the game. However, what is the total boost to the Las Vegas economy from taxi drivers to hotel operators and everybody inbetween. Plus the media coverage around the world. Hell it might do them good to make a 5000 dollar tournament the month prior and call it the warm up or something and keep the thing rolling. I bet they probably already have that.

but to the player that cares about who the champion of the year is, 25,000, 50,000, not even 100,000 is going to keep them from playing in it.

Of course this also raises the question of, does anybody want the tournament to be what it used to be? There is definitely more money and more fame to go around now.

I think that the bad economy will make poker even more popular as the draw of the big money will be more of a dream to people.
  #11
2nd March 2009, 7:12 PM
Crummy
 
Online Poker at: FT,PS,Ultimatebet,BD
Game: Hold 'em
Quote:
Originally Posted by pokerlovesme
Do you think they'll increase the entry fee to wsop. Nowadays, anyone can join main event if they just have 10k. Back then, 10k was a lot before economy in US inflated. That's why not many people joined and when people, it was mostly poker players who played seriously. Now, you see too many donks and spoiled rich kids joining main event. I honestly think raising entry fee will reduce donks and random people who are seeking to hit the lottery. I read about this in Chris Ferguson's forum on full tilt. What do you guys think? Do you think they'll raise the entry fee? Do you think it's better to raise the entry fee?
NO! They wont, that is why they have other bigger buy-in events. Plus it has ALWAYS been $10,000, why change? Why complain? The more players the bigger the prize pools. It is just as much serious players today as it was in 89, the only difference is today more people play poker than back in 89.

Look at it this way, would you rather play in a $10,000 main even with 300 and have a 3M prize pool with a first place of maybe 1M. Or have 5000 people with a prize pool of 50M and your top prize being over 5M.... You take your pick. If you don't think you can beat out 5000 people, then you can't beat 300.
Really you can't call the guy that spent his last 2 years saving $500/month to get $10,000 or the guy that grinds out everyday at the tables and get his entry a donk.
Plus with the economy today, why would you do something like that?
  #12
2nd March 2009, 7:30 PM
Snowmobiler
 
Poker at: FT,Bodog
Game: Holdem
With internet poker satelites I think even raising the buy in,they will still end up with more amatuers than they would want.I personally like the Idea that anyone has a chance to be the world champion.It adds alot of excitement to know that you can turn $40 or whatever into several millions.Keep the buy in the same and let the best man win.
  #13
2nd March 2009, 11:03 PM
OzExorcist
 
Online Poker at: Full Tilt
Game: wild deuces
Quote:
Originally Posted by jimmy jax
Of course this also raises the question of, does anybody want the tournament to be what it used to be? There is definitely more money and more fame to go around now.
Harrah's certainly doesn't. Nor does ESPN. Nobody would make any money off it.

Nobody else's opinions matter if neither of those two want it to happen.
  #14
2nd March 2009, 11:09 PM
nevadanick
 
Poker at: Pokerstars
Game: stud
re: Entry fee of WSOP Main Event poker

Quote:
Originally Posted by OzExorcist
Harrah's certainly doesn't. Nor does ESPN. Nobody would make any money off it.

Nobody else's opinions matter if neither of those two want it to happen.
^^^ Exactly right. It'$ all about the monie$ - very little to do with what i$ good for poker. ...
  #15
3rd March 2009, 12:58 AM
ukaliks
 
Online Poker at: Tilt
Game: Monopoly
think about it. more ppl playin the bigger the prize pool. bigger prize pool means if u get on the final table or 1st ur lookin at a very sweet pay out!
Probs filled with donk n rich kids but ur gonna find that everywhere in a NL Hold'em game bcos of it's increasing popularity.

w00p! I wanna play in the WSOP =P
  #16
3rd March 2009, 1:10 AM
OzExorcist
 
Poker at: Full Tilt
Game: wild deuces
Quote:
Originally Posted by nevadanick
^^^ Exactly right. It'$ all about the monie$ - very little to do with what i$ good for poker. ...
To be fair, they seem pretty interested in doing what's best for poker throughout the rest of the series. They don't always get it right (ditching rebuys in 2009, for example) but they do try.

The Main Event is just so different to everything else at the WSOP, and is so integral to the success of the entire series, that they need to treat it differently. Whether I like it or not, I can see where they're coming from.
  #17
3rd March 2009, 2:12 AM
Juniorsdaddy
 
Online Poker at: FullTilt
Game: NLHE
I think it is great for poker to know that anyone with a clue about the game (and $10000 of course) has the opportunity to go toe-to-toe with the best in the game. Its like a baseball fan getting a chance to take batting practice against a star pitcher, or pitching to a star hitter.

As for raising the buy-in, there will be people who lack the skills regardless of the price, mainly for the reason I stated above.
  #18
3rd March 2009, 4:10 PM
londonfog66
 
In a deep stacked multi-day tournament, I don't know why you would want to scare donks away. They'd be precisely who I want want at my table throughout the tournament. I'd rather have a table of unskilled opponents than sit next to Ivey, Dwan, Hansen, etc.
  #19
8th January 2010, 7:54 AM
steak vegita
 
Online Poker at: pokerstars
Game: holdem
I'd like for them to keep it down because i'd love to play but 10k is already to much for me..
  #20
8th January 2010, 8:30 PM
tpb221
 
Poker at: pokerstars
Game: holdem
After the suscess last year of not only the $40,000 buy-in but also the $1000 dollar buy-in more people than ever will be playing in the WSOP. The main event is what it is-period. They will not change that, nor do I think they should. This year they have added more lower buys-ins than ever before. Every weekend there will be a $1000 buy-in. The more people who have a chance to play in a event(donks or not) the better I think it is for poker. I can see the $40,000 event getting bigger but not like the main event. There are not to many major events in the world were the average person has a chance to compete and dream. This is the Main Events greatest draw.
  #21
8th January 2010, 8:50 PM
Grossberger
 
Online Poker at: pokerstars
Game: holdem
re: Entry fee of WSOP Main Event poker

Quote:
Originally Posted by thirteenlisk
Changing the main event would be a huge mistake. It's got the reputation for being the biggest tournament of the year that is accessible to amateurs. Changing that by raising the buy-in would probably mean a decline in viewers on TV, which would be pretty bad for poker in general.
Viewership is already starting to fade, hence the fact that they only showed 3 or 4 events on T.V. this year compared to about 15 different events a few years ago including some circuit events. As I have said in previous post T.V. has both helped poker and hurt it. It helped get more people playing it, but when people watch and they only show big hands and new people to the game see guys winning big pots with 4 7 off or K 4 suited they think that playing every hand no matter the cards is the proper way to play, when in fact they don't see that same guy folding his last 25 hands and on that particular hand was the BB and got a discount or was trying to make a move.

Quote:
Originally Posted by londonfog66
In a deep stacked multi-day tournament, I don't know why you would want to scare donks away. They'd be precisely who I want want at my table throughout the tournament. I'd rather have a table of unskilled opponents than sit next to Ivey, Dwan, Hansen, etc.
I disagree you can get top pros to fold decent hands when you may try a bluff whereas a unskilled player will call you down with bottom pair when you have nothing. Now granted the top pro could outplay you more but its harder to outplay a unskilled player unless you have the nuts.
  #22
8th January 2010, 9:38 PM
brank
 
Poker at: FT,PS
Game: mix'em
The main event is just a crap shoot where even a pro has to run good to get far(Ivey, Farha etc) and an amateur has to run amazing(Moon, Yang etc) to get to the end. Kinda boring, even though ill still watch it. The 50k HORSE is the real deal. I heard Daniel Negreanu say they're changing the final table of the 50k HORSE to be NLHE so that it can be aired on TV. That will be cool if they show the whole tourney. But as good as it gets, watchin tournament poker on tv is like watchin highlight reels of sports games, not that good.
  #23
8th January 2010, 9:41 PM
NBA2K10ROCKETS
 
Online Poker at: FTP
Game: Hold Em
I think that $10,000 is perfect you raise it more than less players will join and the pot size will decrease significantly.
  #24
8th January 2010, 9:44 PM
Dreams of Tragedy
 
Poker at: FT/PS
Game: Both
there is alot of pro and cons for this...one is that the prize money will me more and more paid places, but people who do want to go and play may not have the money to cover for it. I say just keep it at 10k
  #25
8th January 2010, 10:12 PM
Weregoat
 
Game: Hold'Em
And as pointed out, a lot of pros claim that the $50k buyin horse event determines the true champion of poker. Let us amateurs have a shot at besting a ridiculous field of fish, donks, pros, trustfund babies, men in costumes, women in costumes, poker dealers, and gambling addicts in a ridiculous eyes on the prize event for several mil.

Harrah's makes money from showing it on TV, as does ESPN. They are not at a loss for income, I assure you. However, if they feel they can raise the cost in a way to make more money, rest assured they would (as it would be expected from a successful business) - however they run out the people who set aside exactly $10k for the event, and other people who say that it was a change not needed and refuse to play out of spite.
  #26
8th January 2010, 10:44 PM
salim271
 
Poker at: Full Tilt
Game: Holdem
The main event field has stagnated and stayed constant at around 6500 the past few years hasn't it? The biggest was around 8000 when Jamie Gold won it, but it hasn't gotten near there since then, I doubt they'd want to change it, it seems that less people are interested in playing it already. Plus the pros don't want to scare the donkeys away, notice that a pretty young field makes it far into the main event because they're the ones that are playing online and making money, they're used to the hours and aggressive play and they've played thousands of hands online... they're used to variance. Theres a reason Peter Eastgate's youngest ever title only lasted a year, the field is just getting younger.
  #27
9th January 2010, 2:52 PM
luckforsome
 
Online Poker at: Full TIlt
Game: NHL
...i think it should stay the same, 100%...evry year, we get a story of a guy who is living the dream...a few notables this year...a guy who was dying of cancer, had 3 wishes, one of which was to play the me... everyone around him pitched in and got 10000 so he could live a dream...if that goes to the 20000 then he aint doing it....another man made a pact with his son to play the me but his son was killed on duty...he played in his hnour..again increasing it to 20000, may take thi away...i think for the first few days, this is alot of the wsop..and there are thousands of people with these..i personnally am one person who of course dreams of playing it and winning it..if its doubled the price. im thinking less people just higher quality, harder to win imo anyway...im saying 20000, because theres no way there gonna incrase it to 10100, its just pointless...so i would hate for them to increase it...they have the 50000 horse..they had the 40000...they have ppt, numerous invite only tourneys..thats my 2cents worth....
  #28
9th January 2010, 4:00 PM
LarkMarlow
 
Poker at: FT, PS, Ultimatebet
Game: holdem
re: Entry fee of WSOP Main Event poker

Quote:
Originally Posted by Snowmobiler
...I personally like the Idea that anyone has a chance to be the world champion.It adds alot of excitement to know that you can turn $40 or whatever into several millions.Keep the buy in the same and let the best man win.
I absolutely agree. In that sense poker epitomizes the age-old American Dream...with determination, effort and a little bit of luck anyone can succeed here. That's why my ancestors immigrated here from Sweden and England so long ago, and that spirit remains alive and well in the form of the WSOP.
  #29
10th January 2010, 12:53 AM
adsthepro123
 
Online Poker at: Full Tilt
Game: Holdem
Entry Fee

I do not believe they should increase the entry fee as this will cut down the field and take away the magic of what is the greatest tournament in the world, i mean look at the prizes. I also believe that for the average person or poker player $10,000 is a lot of money. just think what you could buy with it lol
  #30
10th January 2010, 3:05 PM
Scoville16m
 
Poker at: PokerStars
Game: Hold'em
Don't believe you are going to see Harrah's increase the Main Event Buy-in anytime in the near future. Today's economy has prompted the WSOP to move in the opposite direction with many of the other events. Last years $40,000 NLHE event which attracted only 201 players is not on this year's schedule but has been replaced with a $25,000 6 handed event. This year's schedule has also eliminated all $2,000 NLHE events and added an additional 5/$1,000 events for a total of 6. I don't beleive I would have to assume that this is a result of the 6,012 player field at last year's $1,000 event 4. All in all, this years NLHE player entering all NLHE events can play in 2 more events than last year for $16k less.
  #31
10th January 2010, 6:58 PM
LukeSilver
 
Online Poker at: pokerstars
Game: Holdem
most poker players have a fantasy of eventually one day winning the WSOP. For the vast vast majority this dream obviously cannot come true. I have spoken to players on pokerstars before who try to multi table 6 handed fix limit tables hoping to get enough VVPs to attain supernova and be bought into the comp. Those doing sit and goes hoping to one day be playing high enough stake sit and goes to get those points. At one point in time I was one of them till I realized supernova elite is to time consuming and not attainable unless I sacrifice nearly everything else and I do not want to live just for online poker. point is though raise the stakes to unattainable levels and those dreamers will disappear. In theory I could play in the next world series if i enter a $215 satellite which i can afford to do and will do, and happen to win a seat. I would need to be in the top 2% in a tournament but done this enough times its possible and realistically possible just not likely.

if i win a seat and get the right luck and mix of players which again is luck I could go in real deep maybe even win the event. Ok its not likely its a dream but its possible and that possibility is a big motivation to continue playing and trying to improve. If you make the buyin of the WSOP to high I think it won't just have a negative effect on the WSOP it will seriously damage the entire poker industry.

some people remember the bad beats they took from idiots and like to think if they played against good players this wouldn't happen and they would make money.

Wrong first of if your playing only good players its a lot harder to gain chips gain money as they can get reads on you, you need to move around a lot more and you need to read them well, to survive I have played tables with idiots and tables with no idiots. Trust me you need the idiots there. I know it doesn't feel like it when they give you the bad beat, but you forget all the times they called your ak off for there chips with A7 off suit obviously without the 7 been on the board. That seriously adds up.

you think top professionals wouldn't inflict bad beats? Go watch High stakes poker I think every episode is available on youtube shouldn't be but is.

You will see re raises with 10 4 off suit pre flop one guy calls a raise against someone holding aj when he has 10 4 and the guy with aj misses the guy with 104 only catches a four and calls very heavy bets all the way takes down huge pot when kq on the board.

Pros can and do play more hands can read you well and may play junk against you too and destroy you the only difference is they know where they are in the hand unlike the idiot. So you still get the bad beats only you won't get masses of chips in when you do have the stronger ace.

There are players in tournaments who play strictly ABC poker, they won't ever play junk against you, You think this good players? No there easy to play position against and bluff, there easy to get away from when they do have hands. They survive because of the sheer volume of idiots out there. Without the idiots the ABC's wouldn't survive. If you lose the idiots and the ABCs all your left with is people who are very very difficult to beat. you would not fare well in that tournament unless you yourself were a big name pro, and even then your not getting huge equity. I don't know if you have noticed but on high stakes poker they usually get one or two none pros there like Billionaires or very wealthy business men etc. it makes the game winnable for the pros it makes pros want to show up more.

raising the buyin of the WSOP would still not eliminate bad play make it only accessible to big name pros or very wealthy people, and just make the tournament not worth while. In short the last anyone who cares about poker wants is the WSOP to be inaccessible.
  #32
10th January 2010, 10:54 PM
OzExorcist
 
Poker at: Full Tilt
Game: wild deuces
Quote:
Originally Posted by Scoville16m
Don't believe you are going to see Harrah's increase the Main Event Buy-in anytime in the near future. Today's economy has prompted the WSOP to move in the opposite direction with many of the other events. Last years $40,000 NLHE event which attracted only 201 players is not on this year's schedule but has been replaced with a $25,000 6 handed event. This year's schedule has also eliminated all $2,000 NLHE events and added an additional 5/$1,000 events for a total of 6. I don't beleive I would have to assume that this is a result of the 6,012 player field at last year's $1,000 event 4. All in all, this years NLHE player entering all NLHE events can play in 2 more events than last year for $16k less.
The $40K event last year was always meant to be a one-off to celebrate the WSOP's 40th birthday.

Agree absolutely with everything else you've said though - Harrah's are going in the opposite direction and knocking down the buy in for a lot of events so pretty much zero chance the Main Event will be going up in price any time soon.
  #33
10th January 2010, 11:51 PM
lektrikguy
 
Online Poker at: FT/PS/Carbon
Game: HE/PLO/Razz
I doubt it. They wouldn't want the donks out of the tourney because the more entries the bigger the tourney. The bigger the tourney the more coverage they get. With sponsers and TV coverage they'd be making a huge mistake. Who wants to see a WSOP Main Event with 400 guys?
  #34
11th January 2010, 1:57 AM
liamkg
 
Poker at: full tlit
Game: holdem nl
It would be nice just to have 10K spare to enter alot of the "Donks" who enter can't afford it and satellite into it. So even if it was raised the online sites would offer the same amount of satellites I believe also so many businessmen play that they wouldn't really mind how much it was. So I don't think raising the entry fee accomplishes much due to the popularity and exposure the game has received and is receiving currently were just in a boom time for the game
  #35
11th January 2010, 2:52 AM
three3y3
 
Online Poker at: full tilt
Game: hodl em
re: Entry fee of WSOP Main Event poker

i guess you guys are rich cus ten gs is a alot of dam money to pay for a crap shoot tourney....and trust me binnion doesnt want a thinner field he wants more donks and more rich kids to enter.... the more the better..the main even isnt a pros tourney its an amatuers oportunity to make a name...the pros have the 50 k event ...whats the use of raising the main event when theres already several tourneys that are more for the high rollers and pros
 



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