re: Poker & 2014 Main Event $10Mil for winner
Originally Posted by wanderingthehall
The second paragraph of the article says they will be adjusting the payouts to guarantee the 10m prize. I think this will help draw attention to the event, but I don't find it more appealing knowing that money will be taken from other places.
Well according to the page, its a similar set up with the million maker tournament. Also note that the $10 mil for 1st is guaranteed, total prize pool is not guaranteed.
What exactly does a $10 million guaranteed first place payday mean?
It just means that, for absolute certain, someone will walk off the Penn & Teller stage with ten million bucks. It’s primarily a modified payout approach, and we’re up front in that regard. We’ll start with a $10 million payout for first place independent of total entries, and then cascade the balance of the prize pool by percentages in much the same fashion we’ve always done it. This is the same device we used for the Millionaire Maker last year, which worked out well. We believe we can dial up the Main Event chatter in 2014, making the dream of winning even more vivid.
Is there a guaranteed prize pool?
No. We understand focusing on first place is a different approach than most tournaments take with respect to guarantees, but, then again, the Main Event at the World Series of Poker is different than most tournaments. We can get a pretty good estimate on attendees given the past 10 years.