SnakeEyeLiarDie
Enthusiast
Silver Level
"In poker, an overlay is the gap between a poker tournament's guaranteed prize pool and the actual prize pool generated by entrants. For example, if a tournament has a guaranteed prize pool of $10,000, a buy in of $100 and 90 players enter, the players will contribute only $9,000 to the prizepool."
-Wikipedia
https://en.wikipedia.org/wiki/Overlay_(poker)
I've noticed particularly with FullFlush and SportsBetting that they tend to have massive overlays. So much so that I actually wonder how they're making any money. This concerns me because it might suggest that they'll fight tooth and nail to stop you from withdrawing.
Example of just recently on SP:
277*99 = $27,423 That's a loss of ~$23,000 on SportsBetting's part.
271*11 = $2981 That's a loss of ~$2,019
468*1.10 = $514 That's a loss of ~$1485
My issue is I have a hard time believing they generate enough revenue through cash rakes and other fees to actually keep these tournament losses sustainable. Here are more tournaments scheduled, at least they're on the weekend:
Does this imply that these sites are unsafe in terms of withdrawing?
-Wikipedia
https://en.wikipedia.org/wiki/Overlay_(poker)
I've noticed particularly with FullFlush and SportsBetting that they tend to have massive overlays. So much so that I actually wonder how they're making any money. This concerns me because it might suggest that they'll fight tooth and nail to stop you from withdrawing.
Example of just recently on SP:
My issue is I have a hard time believing they generate enough revenue through cash rakes and other fees to actually keep these tournament losses sustainable. Here are more tournaments scheduled, at least they're on the weekend:
Does this imply that these sites are unsafe in terms of withdrawing?