$10 buy in, $100 buy in both $10k GTD

IPlay

IPlay

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I don't get why this happens, why buy into the $100 tourney if its still the same GTD? Less players=bigger edge? Is there some cool math behind this that determines a tourneys worth the buy in based of # of entrants? I don't play tourneys so I have no idea and always wonder this when I am browsing through the availables.
 
Jblocher1

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Well, in a 10 dollar buy in you can expect 1k players and in a 100 dollar one there will only be 100. Less of a field to navigate through .
 
suby_rafael

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Organizers set up the guarantee based on minimum expected number of entrants so that the guarantee is matched. There is no cool math as such in it.

For example a 10 $ tourney with 1000 $ guarantee will require at least a 100 players. This number will be more depending on the rake on the buyin amount.
Similarly for a 100 $ tourney with 1000 $ guarantee will require at least 10 players for a rake free tournament to match the tournament.

Organizers try and fill up the seats by conducting various satellites so a player can buyin for a fraction of the actual buyin amount. Winners of satellite get a ticket that can be used to enter the main tournament.

However for any reason the organizers fail to reach the guaranteed prize money even after the late registration period then they themselves have to shell out the remaining amount so that the guaranteed amount is met. :D
 
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$10... $100... One day maybe I will worry about that. I'm struggling to get there! ;)
 
IPlay

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Ok let me rephrase, why would a player buy into a $1k GTD for $10 when there is a $1k GTD for $1. Time? Edge? Better odds or placing?
 
suit2please

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Ok let me rephrase, why would a player buy into a $1k GTD for $10 when there is a $1k GTD for $1. Time? Edge? Better odds or placing?

There will be less players, so less players will make the money, and payouts will be higher. So yes the tournament should be shorter. Not sure what your really asking. The guarantees are set by the poker room based on the average number of players.
 
Poker Orifice

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Ok let me rephrase, why would a player buy into a $1k GTD for $10 when there is a $1k GTD for $1. Time? Edge? Better odds or placing?

Um because they want to play a $10 buyin instead of a $1 buyin?

It seems you're getting some confusion over what a guar. means. The guarantee (as mentioned already in this thread) is really just a 'guesstimate' of the total number of entrants that one can expect to see in that particular tournament (& it nearly always exceeds the amount).

In your question > why would someone pay $10 for a $1k gtd. when they can buyin to another $1k gtd. for $1.
Think about it. The $1 buyin mtt will have roughly 1,000 entrants with ~ 100 getting paid. (min-cashes will be ~ $1.65). I'm not sure what the final table cashes would be like but you can easily check a tourney lobby to see (I'd guess 1st might pay $160, 2nd maybe ~$115
The $10 mtt, will have ~100 entrants with Top10 getting paid. (min-cash (10th) will be ~$16,... 1sst will be ~$225, 2nd ~$160 ).

Just because the 'guaranteed' prizepool is the same, this does not equate to prize money being the same.
 
BluffMeAllIn

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less people should also mean lower variance and therefore result in more cashes which over time will mean higher profits.....obv it all depends on skills given the 10$ game will have in theory less fish than the 1$ game.

I enjoy smaller fields sometimes over larger ones, and obv to have the same prizes up top you gotta pay more to get in.
 
Jacki Burkhart

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And the amount of time you're willing to invest. after work on weekdays, or on weekends, before going out with friends I'm more likely to pick a small tourney with few entrants that I can complete in a couple hours or less.
 
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