View Full Version : Need an extra million? (New Tournament)

Steve Lipsky
06-19-2003, 10:32 AM
Just win this tournament!


Something tells me they won't need to close the entries off at 512...

- Steve

9 Ball Girl
06-19-2003, 10:34 AM
Whoa! If I had $10,000 to enter you bet your bottom dollar I would go! /ccboard/images/graemlins/shocked.gif

06-19-2003, 10:35 AM
My question is how do you do a 512 man double elimination tournament in FIVE days?

9 Ball Girl
06-19-2003, 10:39 AM
Races to 1 or 2? /ccboard/images/graemlins/confused.gif /ccboard/images/graemlins/smirk.gif

06-19-2003, 10:45 AM

I wonder what happens if they get less than 512? I wonder how they'll adjust the payouts?

Single elimination/race to 21? Ouch! You net $1,500 if you win your first two matches but you have to put up $10,000 initially. Okay, so that's a 10.5% profit.

I'd love to see how many players they get.


Steve Lipsky
06-19-2003, 11:22 AM
Let's just say I hope they haven't paid for Caesar's convention hall in advance.

I certainly wish them the best, but I think they may have slightly misread the demographics of the players. Even the ones with the money aren't going to put it up to play 9-ball on a bar table.

- Steve

06-19-2003, 11:34 AM
I agree. I can't believe they're playing on bar boxes. I think they drastically overestimated the expected 512 entrants.

06-19-2003, 11:53 AM
Oops. Read it wrong. It's a single elimination tournament. However, the races are to 21! That means 511 matches. Hope they have a lot of bar tables....

06-19-2003, 01:08 PM
I submmitted a comment on the bar box use. If only they were doing a race to 15 on 9 foot tables with tight pockets I really think they would have something here. Honestly the weaker players will get alot more play time on a 9 foot with tight pockets and be more inclined to up the cash to play. A pro playing bar box 9-ball will go through alot of tables in a row if his break is on.

If this tournament goes on bar boxes expect maybe 128 max. On 9-foots I would bet they get more then 256 showing up. I know alot of players dream about action like this in a tournament. Asia, Europe, South America, you would see alot of players comming from all over for this.

Steve Lipsky
06-19-2003, 02:48 PM
Irish, I wish I could share your optimism. Unfortunately, the entry fee is so prohibitively high.

I could see a few satellites being thrown together. Say, 50-player tournaments with entry fees of $200. The winner gets a slot. But realistically, how many of these can each region support?

I also don't know if I trust the pool subculture to handle a tournament of these stakes without any serious issues, but that is another matter.

- Steve

06-19-2003, 03:09 PM
I think it said single elim...

06-19-2003, 03:45 PM
<blockquote><font class="small">Quote Their Promo Materials:</font><hr> The Place and Time: Ceasars Palace Pavilion, Las Vegas Nevada
Dec. 2nd - 6th 2003
<hr /></blockquote>

I don't feel good about dropping 10 large into the bank account of someone who cannot spell the name of the venue!

"Ceasars" is a salad they serve at the buffet at Caesar's.


Ken (gonna have to pass anyway...I'm flying to Borneo that weekend for some high-stakes 1/4 mile albino pig races.)

Ralph S.
06-19-2003, 05:19 PM
I think it would be undoubtedly very fun to play in something like this. I like the format{race to 21-single elim}, but the only drawback as already stated is the entry fee. Not very many people can afford to put up 10grand.

06-19-2003, 06:14 PM
If I had 10 grand, I'd feel like I already won.
9 Ball Girl, you stll have your backer?

06-19-2003, 08:55 PM
I did the sums...

$5,120,000 entry fees
$3,963,000 payouts
$1,157,000 to the promoters for "expenses"

Cheers - qSHAFT.

06-19-2003, 09:00 PM
Geezz ten grand, we don't even have any tournament with total prizes half of that LOL ^_^

Deniel ~waiting for Ken in borneo to take up his stakes on those albino pig races

Fran Crimi
06-19-2003, 09:38 PM
Ha! Great catch, Ken. I checked the CAEsar's website and there's no listing of the event. Strange.


06-19-2003, 10:09 PM
Pool Players putting up 10K for a tournament? The over/ under would be maybe 3 players on the day of the tournament. Putting it up 2 MONTHS IN ADVANCE?? There isnt one player both rich and dumb enough to do that.

06-20-2003, 12:35 AM
Absolutly crap that they would take moeny out of the entry fees on a tournament like this. They go as far as saying it is only due to sponsers that they can put on the tournament which is serious crap due to the fact they are taking over $1,000,000 juice out of the entry fees. God knows what they did get from sponsers that furthermore pads their wallets.

A huge epic tournament that could bring pool out of its current state of obscurity will have money ADDED to it, not bloody taken away....

I hope these guys fail miserably, they are just in this to try and make themselves large cash by taking their large cut off the players entry fees.

06-20-2003, 04:07 AM
after you figure out which pros want to drop $10,000, then you have to figure how many lesser players are stupid enough to drop the $10,000, with absolutely zero chance of winning, especially when they have to line up against, say, efrem, morris, and mika.
i wonder about the logic behing this. "hey guys, let's put on a million dollar tournament. okay, how much will we need to raise? oh, about $5,000,000. $5,000,000!!! easy, all we need is 500 entries paying $10,000. is that all? great! it's a go!

this tourney will never happen.

06-20-2003, 10:26 AM
Maybe it is just a scam to try to collect a few $1000 deposits and then disappear. Like the guy who sold cheap tickets to Hawaii on his "new airline" which existed only as a web page.

06-20-2003, 11:50 AM
I have a problem with that also. Recently I was going to inquire about an investment. It is a manufacturing facility for two automotive products. In their add they misspelled one of their two products. Humm, did they do that or was it a typo? Either way when your trying to attract investors it should be correct. Well they got 1 of 2 right. LOL

Steve Lipsky
06-20-2003, 02:34 PM
Ken, it's interesting you commented on that. I noted they misspelled the word "your" in their statement "Win two matches and your in the money", and it turned me off too.

Maybe it was not really a spelling mistake for the "Ceasers" though? Maybe this really is a scam, whereby they spelled the hotel wrong on purpose to avoid prosecution?? /ccboard/images/graemlins/grin.gif /ccboard/images/graemlins/tongue.gif /ccboard/images/graemlins/laugh.gif

- Steve

06-20-2003, 04:03 PM
The world series of poker is a $10,000 buy in. I like the idea if it is legit.

06-21-2003, 11:06 AM
The post above mentions the World Series of Poker's buy-in. Difference between the WSOP and pool is that big poker tournaments usually have first prizes in the high 5-figure/low 6-figure bracket.

How they are expecting 500-odd players to pony up $10,000 for entry to a tournament that will be played on bar tables baffles me.

As we say here in the west of Scotland - "AYE RIGHT!!!" /ccboard/images/graemlins/crazy.gif

06-21-2003, 11:13 AM

I moved at the end of April. About 2 weeks later I found an email you sent me about April 15. I tried to reply. Did you get it? Sorry it's been too crazy the last 2 months. Now my fiancee moved my desk and my phone cord doesn't reach the outlet. I haven't checked my email in 2 weeks /ccboard/images/graemlins/tongue.gif

06-21-2003, 11:53 PM
<blockquote><font class="small">Quote thecardman:</font><hr> The post above mentions the World Series of Poker's buy-in. Difference between the WSOP and pool is that big poker tournaments usually have first prizes in the high 5-figure/low 6-figure bracket.
<hr /></blockquote>

The World Series of Poker had over seven hundred entries for $10,000 and a top prize of $2,500,000 so I don't get your point.

However, a lot of the entries are paid by casinos(land-based and online) which run tournaments with a paid entry as the top prize and I can't see any businesses in the pool industry running tournaments with a top prize of $15,000(entry plus travel)for qualifiers.