Newbye question about GTD

Hi

I cant get it, im new, they told me if I see tourney with GTD $ 100 mean even if 30 ppl sign in for 1$, then they share 100 dollar as prize etc.

So i see $1000 GTD NL Holdem start in 10 min, 11$ fee for enter, and just 12 ppl signed. So with just 11 $ im going to join a tournament with prize pool 1000?

Yes, but they have late registration for like ever (if it's stars, ft is not as long) so I am sure it will fill and possibly get over the $1k.

yay did that tournament 100$ GTD, 2 dollar to sign, arrived 2nd !!

Omaha it was , and every 30 sec new level , crazy, dont like it, too fast.

Congrats, that is a nice finish.

but let say 1000$ GTD and 2000 ppl signed with 11 euro cost each one, then prize pool its 2000 x 11 + 1000 or just 1000 ?

GTD means that is the mininum prize pool so lets say its a $1000 gtd $2.20 tournament that means anything over 500 people would be added into the prize pool so if 1000 people sign up then the prize pool is $2000

but let say 1000$ GTD and 2000 ppl signed with 11 euro cost each one, then prize pool its 2000 x 11 + 1000 or just 1000 ?

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Its just 2000 x 11.

This is a way in which poker site get loads of people to sign up for tournements cos they think there getting better value for their money, but the GTD ends up being irrellvant. - take the $14,500 GTD on full tilt. Thats only a $3.30 buy in with unlimited rebuys for the first hour. The prize pool alays exceeds $14,500 so Full Tilt dont end up sacrificing any money.

a scenario in which it would be 2000 x 11 + 1000 is tournaments that state there is money added. For example every sunday on full tilt there is a Cardschat $5.50 buy-in with $200 added. This means that for every player that enters there is $5 added to the prize pool, plus and extra $200 no matter how many entants. So if 30 people enter there would be 30 x 5 + 200 which is $350 n prize pool.

Hope this clears things u for you genozzolo

genozzolo said:

but let say 1000$ GTD and 2000 ppl signed with 11 euro cost each one, then prize pool its 2000 x 11 + 1000 or just 1000 ?

Click to expand...

it's probably 2000 X 10 = 2000 (1$ goes to the fee).

And as PooffyFooffy writes you have to check if it has late registrations as more will then join the game.

Also you have to be aware if there is any rebuys or addons.

If the tournament ends up with paying more money than players have paid with counting the fee, the the tournament have an overlay.

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an example:

$7500 Guaranteed Poker Tournament
Buy-In = $11 + 1

Entries needed to meet the guaranteed amount = 682 (682 x $11 = $7502)

Actual entries = 517 (517 x $11 = $5687)
$7500 - $5687 = $1813

Amount of Overlay = $1813

In this example, $7500 is guaranteed amount in the prize pool but only 517 people bought in. So, there is $1813 of 'Overlay Money' added to the prize pool by the poker room (since the buy-ins don't cover the guaranteed amount of $7500).

It's as if 165 people bought in and then busted out before the tournament even started!!! This is the beauty of Overlay. There is a ton of overlay money up for grabs all over the net and you should do yourself a favor and take advantage of this positive poker move.

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When I calc the overlay for a tournament I do also include the fee so I know excatly how much the poker room loses in the game.

so it would go like

12$ x 517 = 6204$
Guarenteed 7500$ - 6204$ = 1296$ so the poker room is giving every player appox. 2,5$ up in front to play in their game.

you find the most overlay in expensive tournaments and on small sites.