Trying to talk myself out of this!!
So a few of my friends want to play in a live MTT today, originally I was excited and thought it was a good idea. I've only played ring games live at any B&M casinos
, really my live tourney play is limited to house game sit n goes and local bar tourneys that pay out gift certificates...
I thought it would be a decent learning experience and maybe some fun but after checking their website and calling the poker room for some details on the tourney I'm less enthusiastic. Here's my problems
A.) $45.00 buy-in + $15.00 service fee
a 33% rake seems a bit excessive to me
B.) Tournament players playing in a live game for 2 hours prior to tournament start will be eligible for $1000 bonus tournament chips
I guess I could go a bit early and grind out for a few hours but this really wasn't part of my plan and seems to put me at a disadvantage if I don't go a few hours early and get the extra chips.
C.) Starting blinds of 25/50 with a starting stack of 1500 assuming I don't hit the live tables before the game. Blinds increase every 20 minutes until they reach 300/600 then it slows to every 30 minutes. One $20.00 Re-buy allowed first 3 rounds for $1000 tournament chips!
With a starting M of 20 and blinds increasing very quickly this sounds more like a crapshoot then a poker tournament and why is my first $45.00 dollars worth so much less then the $20.00 rebuy.
I guess for the most part that's it, what do you guys think would you enter for anything more then entertainment value and maybe a side bet on who lasts the longest? I don't see it being a very profitable trip without a lot of luck and an early card rush...