| Posted by: ed209 at April 16, 2005, 1:57 pm | | Topic: Tourney Overlays Forum: Bonus Whores | jek187 wrote: If in a ring game you are clearing a bonus that's worth $3/hr/table, we don't subtract the rake from that rate. The rake/fees are a cost of playing, and most of the bonuses/promos just reduce the rake/fees.
this is certainly the case with tourney fees (exceptions Bodog and Poker Stars); as well as basic rakeback, but the main reason bonus whoring exists and is popular is because the sites give you more in return for ring game play (especially at low-mid levels) relative to the amount of rake you give them to earn it.
calculating entry fees into tourney overlays for comparison basis would only be necessary if different sites charged different percentages relative to buyin (like $20+$5 vs $20+$2); but as it stands the industry is fairly uniform on that end. on the other hand, the amount of rake paid to a site in order to earn a certain amount of bonus varies widely based on each site's unique structure. many players don't realize that $1 in attributed rake on Party Pok... | | Read Entire Entry |
| Posted by: jek187 at April 16, 2005, 1:10 pm | | Topic: Tourney Overlays Forum: Bonus Whores | Tourney fees are not accounted for in the overlay calculations. If you're playing a $20+2 with a $2 overlay, that's like playing rake free. If we subtracted the fee from every tournaments overlay, every regular tournament would have a negative overlay.
Also, think of it like this:
If in a ring game you are clearing a bonus that's worth $3/hr/table, we don't subtract the rake from that rate. The rake/fees are a cost of playing, and most of the bonuses/promos just reduce the rake/fees. | | Static Link |
| Posted by: TheJourneyman at April 14, 2005, 8:37 pm | | Topic: Tourney Overlays Forum: Bonus Whores | Cha Ngo wrote: Al Bundy wrote: Personally, I think that the fee paid should be included, so that the total overlay is what the site looses. In this case:
(10000-856*11)/856=68 cents
In many cases, this makes an important difference.
Yeah Gonzo.
What the Hell were you thinking?
"Insert Chicken Joke Here" | | Static Link |
| Posted by: Cha Ngo at April 14, 2005, 7:31 pm | | Topic: Tourney Overlays Forum: Bonus Whores | Al Bundy wrote: Personally, I think that the fee paid should be included, so that the total overlay is what the site looses. In this case:
(10000-856*11)/856=68 cents
In many cases, this makes an important difference.
Yeah Gonzo.
What the Hell were you thinking?
_________________
I'm gonna change my name to Hannibal
Or maybe just Rex | | Static Link |
| Posted by: ed209 at April 14, 2005, 6:21 pm | | Topic: Tourney Overlays Forum: Bonus Whores | Al Bundy wrote: I agree. Didn't think about that. But I think most sites don't give points for tournament buy ins.
a decent number of them do, but none match the bodog deal of being a) bottomless, and b) worth 200% rebate on your action. the next best one is Pokerstars, which is "only" 100% rebate, and reload bonuses are scarce. Pokerroom is next at 71% and semi-frequent reloads, and then it starts to trail off quickly. the only other pseudo perpetual tourney bonus site is Full Tilt at 42%, which is only a hair above rakeback on sites with better selection. | | Static Link |
| Posted by: Al Bundy at April 14, 2005, 6:09 pm | | Topic: Tourney Overlays Forum: Bonus Whores | ed209 wrote: well in bodog's case, they currently give back $2 in bonus for every $1 in fees paid, and the deposit structure of their site ensures that virtually everyone playing has some sort of bonus pending.
so while you might want to take entry fees out of overlays for most tournaments on other sites, it might actually make more sense NOT to when calculating on Bodog.
I agree. Didn't think about that. But I think most sites don't give points for tournament buy ins. | | Static Link |
| Posted by: ed209 at April 14, 2005, 4:44 pm | | Topic: Tourney Overlays Forum: Bonus Whores | well in bodog's case, they currently give back $2 in bonus for every $1 in fees paid, and the deposit structure of their site ensures that virtually everyone playing has some sort of bonus pending.
so while you might want to take entry fees out of overlays for most tournaments on other sites, it might actually make more sense NOT to when calculating on Bodog. | | Static Link |
| Posted by: Al Bundy at April 14, 2005, 4:23 pm | | Topic: Tourney Overlays Forum: Bonus Whores | Personally, I think that the fee paid should be included, so that the total overlay is what the site looses. In this case:
(10000-856*11)/856=68 cents
In many cases, this makes an important difference. | | Static Link |
| Posted by: Gonzo787 at April 14, 2005, 1:23 pm | | Topic: Tourney Overlays Forum: Bonus Whores | Example: $10,000 Guaranteed tournament with a 10+1 buy-in.
Let say 856 people enter the tournament.....
856*10= $8,560 in total prize pool from player buy-ins.
Obviously the guaranteed is not met, so the site is adding their own money to the prize pool. To figure out the overlay for this tournament divide the amount of "added money" by the number of players who entered the tournament.....
$1,440/856= $1.68
$1.68 is the overlay for this tournament. | | Static Link |
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