Originally Posted by thesoxwin
This seems to be the new norm...Mohegan Sun in Connecticut had a tournment where they advertised "$1000 buy-in with NO fees" guaranteed $1,000,000.00 payout. They then took out $250,000 of the purse for administration "fees"...people were , needless to say, a little pissed.
The standard House Vig is
at or around 10%
, high stakes tourny buy in e.i. W.S.O.P. Main Event is $10,000.00 + $1,500.00 in 2006. On top of the house Vig for this event, 3% of the prize purse is deducted for administration "fees" and dealer payouts. It's a little obvious Party Poker Inc. isn't attracting majority share of online players as of late henceforth the large Vig clip.