Next is the blind structure... The $330 tournament gives you 12000 in chips … well Ok then, but the ante and blind structures keep to many players in too long before everyone is short stacked.
Blind Structure for all Deep Stack No Limit Events
40 minute levels for $330 and $550 events
60 minute levels for $1,070 and $2,100 events
90 minute levels for $2,500 and $5,000 events
Ante Blinds
1st Level - $50-$100
2nd Level - $75-$150
3rd Level - $100-$200
4th Level $25 $100-$200
5th Level $25 $200-$400
6th Level $50 $300-$600
7th Level $75 $400-$800
8th Level $100 $500-$1,000
9th Level $100 $600-$1200
10th Level $200 $800-$1,600
11th Level $300 $1,000-$2,000
12th Level $300 $1,200-$2,400
13th Level $400 $1,500-$3,000
14th Level $500 $2,000-$4,000
15th Level $500 $3,000-$6,000
16th Level $1,000 $4,000-$8,000
17th Level $1,000 $5,000-$10,000
18th Level $2,000 $6,000-$12,000
19th Level $2,000 $8,000-$16,000
20th Level $3,000 $10,000-$20,000
21st Level $4,000 $15,000-$30,000
22nd Level $5,000 $20,000-$40,000
23rd Level $5,000 $25,000-$50,000
24th Level $5,000 $30,000-$60,000
25th Level $10,000 $40,000-$80,000
26th Level $10,000 $50,000-$100,000
27th Level $15,000 $60,000-$120,000
28th Level $20,000 $80,000-$160,000
29th Level $25,000 $100,000-$200,000
30th Level $40,000 $150,000-$300,000
My proposed changes to the blinds and mostly to the antes ….
The antes are make players gamble and subsequently get busted... low antes just waste time keeping too many players in the tournament too long and everyone is short stacked...
Last night with 54 players remaining they were on the 6000/12000 with a 2000 ante playing 9 handed … The average chip stack was 227,000 and it cost 36,000 per round to play yielding a M of only 6.3 for an average stack. By the time they get down to the final table I think the average stack size will have an M of less than this and less than 5M is in critical shape according to Dan Harrington. You should not be critical when you reach the top of a very top heavy payout structure when you have average chips.
Blind Structure for all Deep Stack No Limit Events
40 minute levels for $330 and $550 events
60 minute levels for $1,070 and $2,100 events
90 minute levels for $2,500 and $5,000 events
Ante Blinds
1st Level - $50-$100
2nd Level - $75-$150
3rd Level - $100-$200
4th Level $25 $100-$200
5th Level $50 $200-$400
6th Level $75 $300-$600
7th Level $100 $400-$800
OLD 8th Level $150 $500-$1,000 REMOVE THIS LEVEL
8th Level $150 $600-$1200
Color Up Green Now
10th Level $200 $800-$1,600
11th Level $300 $1,000-$2,000
12th Level $400 $1,200-$2,400
13th Level $500 $1,500-$3,000
14th Level $500 $2,000-$4,000
15th Level $500 $2,500-$3,000
16th Level $500 $3,000-$6,000
17th Level $1,000 $4,000-$8,000
18th Level $1,000 $5,000-$10,000
19th Level $2,000 $6,000-$12,000
20th Level $2,000 $8,000-$16,000
21st Level $3,000 $10,000-$20,000
22nd Level $4,000 $15,000-$30,000
23rd Level $5,000 $20,000-$40,000
24th Level $5,000 $25,000-$50,000
25th Level $5,000 $30,000-$60,000
26th Level $10,000 $40,000-$80,000
27th Level $10,000 $50,000-$100,000
28th Level $15,000 $60,000-$120,000
29th Level $20,000 $80,000-$160,000
30th Level $25,000 $100,000-$200,000
31st Level $40,000 $150,000-$300,000
If the Venetian were to implement some of these changes I think they would be getting bigger fields on the days when the other casinos are currently offering much better structures and payouts. The WSOP $1500 events although they only give 4500 in starting chips the structure and overlay is much better than any tournament the Venetian is offering and that is why when the WSOP $1500 dollar events are going the fields drop at the Venetian.
Please do not get me wrong, I love the atmosphere and people at the Venetian, but someone has to tell it like it is.
I am back in Las Vegas... safe and
sound
Edgar From RGV I know this guy. Good player. One of the most aggressive players I know. All around nice guy. That is my arm on the right. (05/04/09)