two tournaments, same $2,000 up for grabs but one is 8.00 buy in other is 5.00 buy in.

[manzanillo53]

As the title says, both the same total amount. Why would I play the $8.00 when I can play the $5.00 twice. What am I missing. My first guess would be the number of pay outs. Only a guess, can someone enlighten me.

 

[ODRAGD3]

It's because one is going to have fewer people than the other, I would play the $5 one if it is the same guaranteed prize! but in the end when it comes to winning it doesn't matter how many there are when it's your turn!

 

[mssmotilda]

It's because one is going to have fewer people than the other, I would play the $5 one if it is the same guaranteed prize! but in the end when it comes to winning it doesn't matter how many there are when it's your turn!

I agree, and it may also be that the $5 tournament will have rebuys, and the $8 tournament will have a freezeout.

 

[CataRouillet]

The number of players you face. Winning a tournament with 1,000 players is not the same as winning one with 2,000.

 

[Gallarado777]

There is a difference, of course, the higher the payment means there will be fewer people, so the option to win it will be possible to win more and the number of players always decides in poker where the $5 tournaments will be there will be more players, but if you don't care, it's better to pay less money

 

[fundiver199]

The 8 dollar game will have less players, which make it easier to reach the top places.

 

[luckyfish98]

As the title says, both the same total amount. Why would I play the $8.00 when I can play the $5.00 twice. What am I missing. My first guess would be the number of pay outs. Only a guess, can someone enlighten me.

I would like to know more precisely where the tournament is, which link and when then I will answer your question exactly!

 

[fefibecerra]

The main difference will be the number of players!

 

[G0930]

You can expect better payout in the one with the higher buyin.
Maybe there's a different blind structure too but this is the main difference

As the title says, both the same total amount. Why would I play the $8.00 when I can play the $5.00 twice. What am I missing. My first guess would be the number of pay outs. Only a guess, can someone enlighten me.

 

[Cooking]

The $5 buy in would have a lot more players than the $8 buy in, so, it's more difficult to win the tournament.

 

[Poker Orifice]

As the title says, both the same total amount. Why would I play the $8.00 when I can play the $5.00 twice. What am I missing. My first guess would be the number of pay outs. Only a guess, can someone enlighten me.

Or better yet, why not just play both of them.

 

[mr.fers_one]

with this logic, we can say that why do I need tournaments for $ 10 if I can play for a dollar... Everything can't be the same in a $5 and $8 tourer... the range of prizes will most likely be different... in general, it is best to look at the lobby and compare these tournaments in order to say something ...))

 

[Emily Trott]

Might also be longer rounds in the $5 tournament.

 

[amonlima]

They are similar tournaments, the $8 buyn has a smaller variation due to there being fewer players, however, it is not an impactful difference! their ev will generally be about the same.

 

[ninocabral]

When something like this is different from each other, the structures will be different, one may be turbo and the other regular, the cheapest one will probably have more players and all of this will affect your game in some way, when this is the case, open the lobby of the two tournaments and see the difference between them and see which one you like best

 

[IADaveMark]

Remember that the prize pool (and the guarantee they put on it based on an estimate) is made of two factors... the entry fee X the number of players. It doesn't matter if the entry fee is $3 million of no on enters it. On the other hand, a $1 tournament is going to take a lot of players to get to any reasonable payout.

As has been mentioned above, you were only paying attention to one of those factors—the buy-in.

Now there are a lot of things that can change the number of players that are in. Not only will cheaper tournaments bring in more people, but the structure might be better or worse, the time of day might make for more or fewer available players, etc.

 

[fundiver199]

Remember that the prize pool (and the guarantee they put on it based on an estimate) is made of two factors... the entry fee X the number of players.

Exactly. A guarantee is just that. In most cases its exceeded, and then it does not even matter, what it was. The price pool will simply be number of players x buyin (less rake). If a guarantee is not exceeded, we say, that the tournament has an overlay. Which happen from time to time, but sites obviously try to avoid it, since it cost them money.

 

[Pokerpoet2]

All different factors can alter the Pay-out and Prize structure, which have already been mentioned, Number of expected players, Blind structure, Rebuys, add-ons, and freeze outs, The prize offered by the site has to be paid out to players who make the money Regardless of how many join the Tournament, So if they feel it is better to reduce the buy-in to attract more players, they can but they cannot reduce the advertised Pay-out, because they will be losing money, It's their loss!
Most games I have entered into in a Casino only stipulate the Buy-in The Prize money being determined once all players have been seated, and the Add-ons and Rebuy periods have ended, because they are limited on how much money they can rake from a game, be that 5% or 10% or whatever so even if they have less players than they expect, they can still lose money because they have to pay out dealers and floor staff wages.
Running a Casino poker game is not as easy as players think, and I am sure many casinos would prefer not to run Tournaments if they could, but Poker is probably the most popular game in the World and if it gets people into the Casino, It is the other games that make them more money like roulette, blackjack and Slot machines. Even Cash games make them more money because they can take a rake from virtually every hand played, So Tournaments might get more people into a Casino but they do not always make them more profit.

 

[fundiver199]

with this logic, we can say that why do I need tournaments for $ 10 if I can play for a dollar...

Exactly. Both these tournaments might have a guarantied price pool of $1.000 and somewhat similar prices for the top 3 finishers. Maybe the winner of the $10 event get $250, and the winner of the $1 event get $170. But this is where, the similarities end. If the $1 tournament has a min-cash of $1,8, the $10 tournament will have a min-cash of $18. And in the $10 tournament there will then be 18 people left, meaning that you only need to outlast half the remaining field to get to the final table.

Whereas in the $1 tournament there will be 180 people left, meaning you need to outlast 95% of the remaining field to get to the final table. So while 2-3 people will win 3-digit prices in the $1 tournament and thus get their tiny investment back 100+ times, the vast majority will either not cash or win very insignificant single digit prices. And this is why, you might prefer to play a $10 tournament rather than 10 $1 tournaments, even though the guarantied price pool is the same.

 

[mr.fers_one]

Exactly. Both these tournaments might have a guarantied price pool of $1.000 and somewhat similar prices for the top 3 finishers. Maybe the winner of the $10 event get $250, and the winner of the $1 event get $170. But this is where, the similarities end. If the $1 tournament has a min-cash of $1,8, the $10 tournament will have a min-cash of $18. And in the $10 tournament there will then be 18 people left, meaning that you only need to outlast half the remaining field to get to the final table.

Whereas in the $1 tournament there will be 180 people left, meaning you need to outlast 95% of the remaining field to get to the final table. So while 2-3 people will win 3-digit prices in the $1 tournament and thus get their tiny investment back 100+ times, the vast majority will either not cash or win very insignificant single digit prices. And this is why, you might prefer to play a $10 tournament rather than 10 $1 tournaments, even though the guarantied price pool is the same.

Yes, I agree... It's harder for Kilopolyan to win, but it's easier to get into the game. in cheap tournaments, this is the only advantage, that it is easy to get into the prize money.

 

[manzanillo53]

Thanks everyone, good answers