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Posts Tagged ‘poker tournaments’

Why Poker Needs Fewer Tournaments

European Poker Tour, World Poker Tour, World Series of Poker, World Series of Poker Europe, World Series of Poker APAC, LAPT, ISPT, Heartland Poker Tour, MSPT, Estrellas Poker Tour, Aussie Millions, UKIPT, GUKPT, IPT. Do I need to go on? There are simply too many poker tours and poker tournaments.

When poker first started “Making It” on TV, poker fans and enthusiasts were greeted with an ongoing progression in the size and scope of the tournaments they watched. From 2003 through 2006 the WSOP Main Event first-prize money went from $2.5 million to $5 million to $7.5 million to over $12 million! WPT tournaments started off with six-figure and some low-seven-figure prizes, but by 2006 had reached the point where winners were receiving $2 million or more at each stop. It’s almost as if poker tournaments have regressed in recent years, and one of the reasons (not the only one) is that there is simply too much competition.

On any given day poker players are scattered across the globe, repping their sponsors tournaments or chasing some tour’s Player of the Year award. Instead of one event, with all of the best tournament players in attendance, the poker world ends up with little more than a handful of middling events, each with a dozen or so big names in attendance.

What the poker world needs is consolidation. The poker world needs these tours to condense their schedules and create tournament series in lieu of the current model. Let a hosting casino market a WPT event as a month long event, culminating with a final week that will see the biggest names in poker in attendance.

Unfortunately, over the past five years there has been little movement in the way the poker tournament industry does business. The market is super-saturated, with the over-crowding hurting every poker tournament and poker tour, and keeping even the most prestigious events like the WSOP in a virtual holding pattern, with attendance ebbing and flowing at random with no sign of sustained increases on the horizon.

What I would like to see, although this is more wishful thinking than anything else, is for the WPT and the EPT to absorb their smaller cousins. Instead of trying to compete with the EPTat European venues the WPT should cede that market and work hand-in-hand with the EPT to design schedules that do not conflict with one another. Let the Euro locals play in their events and the US locals play in theirs, and let the pros travel from event to event.

With this consolidation we could have the WSOP run their three big tournament series, Las Vegas, Europe, and APAC, the WPT host 10 legitimate tournament series across the US; the EPT do the same in Europe; and even create room for an HPT or WSOPC tour in smaller out of the way casinos.

For more news and updates do check out Titan Poker News section for latest on poker!

Are Poker Tournaments Still Profitable?

In 2003 there was a perfect storm in the poker world: Hole-Card technology was being perfected; James McManus best-seller Positively Fifth Street was giving amateur players hope that they could compete with the big boys armed with nothing more than some home game experience and a copy of Theory of Holdem in hand; ESPN expanded their WSOP coverage and luckboxed into the fairy-tale “Moneymaker” story; Rounders had started sending younger and younger players into poker rooms; and online poker was coming into its own.

Now there is another perfect storm brewing, but it’s taking poker in the opposite direction. It started in 2006 when UIGEA legislation was passed, and at the same time the overall knowledge-base of poker players was on the rise thanks to a slew of new poker books, televised poker shows, online poker training sites, and the rise of poker forums –poker outlets were making their coin by being affiliates for online poker sites and to be a top affiliate you needed winning (or at least break-even) players. Gone were the days where winning poker players made money off of the uneducated rubes; now winning poker players found there was more money in educating the rubes and making money off of them.

This storm has now reached a crescendo after Black Friday, as the US government has deterred all but the best and the most degenerate of poker players from playing online. With the overall quality of poker players at an all time, and no infusion of new blood, the poker world is a very barren world, with few prospects for aspiring poker pros to ply their trade.

While cash-games will always be profitable for winning players, poker tournaments are starting to become –EV for even some of the game’s greatest players. Not only are the usual culprits of rake, travelling expenses, and so on siphoning off most of the players’ money, but the edge the best players use to have over the field is practically non-existent, as most players are at the least capable tournament players.

Backers have also started taking larger and larger pieces from their horses. Gone are the days of the 50/50 deals where a backer bought a player into the event for 50% of their profits and NO MAKEUP! A deal like this will NEVER be offered in today’s poker world.

A final issue that has made poker tournaments tough to beat is the lack of sponsorship dollars players can expect when they pull off a few big wins. In the past a WPT or WSOP win was the pathway to a sponsorship deal; in today’s poker climate sponsorships are few and far between, and the perks have dried-up considerably.

All of these things are making playing poker as a profession almost untenable for new players. Current poker pros are grinding away, doing what they can to survive in a poor poker climate. New players no longer have the leeway to learn the game as they go while still being profitable; now even mid-limit games are exceptionally strong, and tournament fields have very few soft spots.

Increased Prize Pool from Super Tuesday

Every Tuesdays, it would be more exciting more than ever to join the tournament tables in Titan Poker Tournaments. This is because they have Super Tuesday that covers for the main event in the evening. Now, as much as $40,000 in cash prizes is guaranteed to be given away to the winning player. This type of tournament is actually a $100 + $9 that are staged each week. This $40,000 GP Super Tuesday starts at 20:45 GMT. The great thing about it is there are unlimited re-buys of 2,000 chips for the start. This is applicable until the first break and all players can add-on for 2,500 chips. This level will take place in about fifteen minutes.

To be able to win for a seat at the $40,000 GP Super Tuesday tournament, you can begin with the satellite tournaments that are running all throughout the week. You may be more encouraged to know that the previous prize pool amounts to $30,000. And at the beginning of the month, the increased prize pool when into effect. This even generated enthusiastic participation of different poker players out there. Some have shown their huge success in this tournament and others experience for regular cash out.

Indeed, this Super Tuesday tournament is one of the biggest guaranteed prize tournaments that are featured weekly. There are schedules that are now ready for you to see to know where you can register for participation. And with that, you get the chance to win for the $40,000 in cash prizes.

EPA Player of the Year is Sam Trickett

During the 2012 European Poker Award, it was Sam Trickett who claimed the award for Best Player of the Year. It was indeed a prestigious award to be received at the Aviation Club de France during the weekend. This winner hails from Nottinghamshire was able to make a name out of poker tournaments. In fact, in the poker industry, he was able to beat off the challenges of the host for the big names including Pius Heinz, Bertrand Grospellier and Jake Cody as well.

This poker player is sponsored by the Titan Poker VIP. And with it, he has won more than $4.5 million in live tournament. He really created a big name. Not to mention, he won the Aussie Millions High Roller tournament and the Partouche Poker Tour Main Event. Now if you think it all takes live tournaments, he also made a name out from the cash games. During the awarding ceremony though, he was not able to receive it in person because he was still in Melbourne where he was competing the Aussie Millions series. At the event, it was Barry Carter who collected the award on his behalf.

There are also different names that are nominated for the position such as Andrey Pateychuk who also picked up the Rookie of the Year award. Both of these players among other participants were able to enjoy breathtaking year in the field of poker. They won millions of dollars and achieved tournament series all throughout the year. At the event, Ilari Sahamies won the Internet Player of the year.

Should you play Poker Tournaments or Cash Games

Poker TournamentsOne of the age-old questions in poker will always be, ‘should I play cash-games or tournaments?’ While there is no easy answer for this question, one answer, the notion that they don’t differ all that much and you can therefore learn both, is potentially harmful. While it’s true that an experienced poker player can jump back and forth between tournaments and cash games, new or struggling players are far better off focusing on just one of these games.

In this article I will take a look at how these two formats differ, and which strategies and player types compliment both tournaments and cash games –which will help you decide which of these two formats is better suited to your individual style of play, or just has more appeal for you than the other..

Poker Tournaments

Playing tournament poker requires a strong, diverse, knowledge base. A tournament player must be proficient playing under a number of different circumstances to excel, since conditions are constantly changing in tournaments. Solid tournament players are adept at each phase of the game, and rely on their lesser skilled brethren to be deficient during certain periods of the tournament; whether it’s the beginning stages, bubble play, or when the tournament becomes short-handed. –In this way tournament players are very similar to mixed-game specialists who simply cannot have a glaring hole in their game.

Additionally, tournaments require a larger bankroll, and some serious mental toughness, since players can have extremely long cold-spells in between big scores. BUT, when a player does make a big tournament score, it’s a big number –tournaments are the “Hare” in the Tortoise and the Hare race.

Poker Cash-games

Unlike tournament players who need to be well-rounded, cash-game players are able to excel at a particular game or format, so instead of being able to seamlessly transition between very different stages of a tournament, and hoping that  their opponents are not as malleable, cash-game players seek out lesser skilled opponents and use their long-term edge to make their money.

Since a cash-game player can re-buy at any point, and is never “eliminated” from the game, the situation that a cash-game player faces on hand number 1 of his session, is just as important as hand number 1,000 (provided the stacks at the table haven’t changed drastically).

Both groups (titan poker tournament players and cash-game players) feel that their chosen path is the more skillful than the other groups, and the point will likely be argued for decades to come. What can be agreed upon is that tournaments and cash-games both require a tremendous amount of skill in order for a player to be successful, but both also require a different skill set than the other –although some core principles will obviously be the same.