The $134K Playboy Series of Blackjack - Wheeling Island Hotel Casino - Wheeling, WV.

[ccallicott]

The $134,000.00 Playboy Series of Blackjack - Tournament
Series begins Wed Sept. 3rd and will be held every Wed and
Sat (6:00PM Wed's and 11:00AM Sat's). The top 3 winners
from each daily event will advance into the tournament
finale on Sat. Nov. 8th 2008 to compete for their share of
$40,350.00 in cash prizes

The top prize will be $25,000.00 in cash and a trip to a
special VIP Party to be hosted at the Playboy Mansion
Nov.19th .

Tournament Prize Money Breakdown:
Entry fees to be broken down in the following manner:
Weekly tournaments $75.00 ($50.00 to prize pools / $25.00
for admin/operational fees).

How The Tournament WORKS: $135K PB SERIES OF BJ
Each entrant shall pay an entry fee of $75.00 Dollars
($50.00 entry fee / $25.00 registration/Admin fee),
payable in cash made at a Wheeling Island cashiers cage.
or guests will also be able to buy in on the “Finale”
weekend for a fee of $550.00 ($500 to prize pool / $50.00
for Admin fees) - total of 56 spaces).

A total of 57 Players will qualify thru weekly play. Guest
will also be able can buy in into the finals for a fee of
$500.00 (limited buy in positions will be available). A
max of 112 plays can participate in the “finale” events.
Player must be 21 years old and have a current, valid
photo ID and Wheeling Island Players Card. Weekly
Tournaments A max of $5,000.00 in cash prizes will be paid
out daily / Daily prize breakdown is as follows:

1st Place - 50% of the entry fees collected /
Invitation to the $50K Finale
2nd Place - 25% of the entry fees collected / Invitation
to the $50K Finale 3rd Place - 15% of the entry fees
collected / Invitation to the $50K finale
4th Place - 5% of the entry fees collected
5th Place - 2.5% of the entry fees collected
6th Place - 2.5% of the entry fees collected

“Finale” weekend tournament breakdown
Friday welcoming party and event with Keith Anderson 11/07
Tournament play Sat 11/08 10AM to 3PM and Final Table play
on Sun. Nov 9th - 12noon to 3:00PM w/ check presentations
following the winning hand. Final Table play to be
broadcast throughout the casino approvals).

Finale Tournament Prize Breakdown as follows: $40,000.00
in cash prize breakdown is as follows: 1st Place -
$25,000.00 in cash prizes and trip for 2 the a special VIP
Party Event at the Playboy Mansion, 2nd Place - $10,000.00
in cash Prizes / 3rd Place $2,500.00 in cash Prizes / 4th
Place - $1,300.00 / 5th Place - $700.00 / 6th Place -
$500.00 (if less than 100 % participation prize pool %
break down to be identical to weekly tournaments).

•Each player will be given $1,000 of non-value tournament
chips and are for the sole use of that guest to
participate and cannot be given or transferred to another
guest.

* All Prize amounts based on Total Event participation

Prizes:

Total Prize Pool: $134,000


A max of $5,000.00 in cash prizes will be paid out daily /
Daily prize breakdown is as follows:
1st Place - 50% of the entry fees collected /
Invitation to the $50K Finale
2nd Place - 25% of the entry fees collected / Invitation
to the $50K Finale

3rd Place - 15% of the entry fees collected / Invitation
to the $50K finale
4th Place - 5% of the entry fees collected
5th Place - 2.5% of the entry fees collected
6th Place - 2.5% of the entry fees collected

“Finale” weekend tournament breakdown
Friday welcoming party and event with Keith Anderson 11/07
Tournament play Sat 11/08 10AM to 3PM and Final Table play
on Sun. Nov 9th - 12noon to 3:00PM w/ check presentations
following the winning hand. Final Table play to be
broadcast throughout the casino 9based on Lottery
approvals).

Finale Tournament Prize Breakdown as follows: $40,000.00
in cash prize breakdown is as follows:
1st Place - $25,000.00 in cash prizes and trip for 2 the
a special VIP Party Event at the Playboy Mansion, 2nd
Place - $10,000.00 in cash Prizes / 3rd Place $2,500.00 in
cash Prizes / 4th Place - $1,300.00 / 5th Place -
$700.00 / 6th Place - $500.00 (if less than 100 %
participation prize pool % break down to be identical to
weekly tournaments).

•Each player will be given $1,000 of non-value tournament
chips and are for the sole use of that guest to
participate and cannot be given or transferred to another
guest.

* All Prize amounts based on Total Event participation

For more information go to wheelingIsland.com

 

[KenSmith]

It's good to see events popping up in West Virginia, but I do hope they'll reconsider the payout percentage. If a player wants to buy-in for the final event at a cost of $550, they're only receiving $357 in value (admittedly ignoring the value of the trip). That's a pretty steep vig for the house to keep.

The weekly events have an entry fee of $50+$25 which is again no bargain. It will be interesting to see how well this event is supported by the players.

If anyone attends, please give us a trip report.

 

[LeftNut]

It's good to see events popping up in West Virginia, but I do hope they'll reconsider the payout percentage. If a player wants to buy-in for the final event at a cost of $550, they're only receiving $357 in value (admittedly ignoring the value of the trip). That's a pretty steep vig for the house to keep.

The weekly events have an entry fee of $50+$25 which is again no bargain. It will be interesting to see how well this event is supported by the players.

Same line of thought I had about this one. Although this sort of thing should be the future of BJT's - the house making a profit from the tournament itself without depending on player's side action - the vig here is mighty steep.

Deb and I were admittedly somewhat excited to see this series of BJT's show up since it's not that far from us. Almost the same driving time as St. Ignace, believe it or not! This one is awfully top-loaded, though, and coupled with the steep vig and the necessity of making the final table merely to get your entry fee back, it's not that attractive to us. If this is their first foray into hosting BJT's, we can hope they do have enough success to feel encouraged to tweak it a bit.

 

[toolman1]

Although this sort of thing should be the future of BJT's - the house making a profit from the tournament itself without depending on player's side action - the vig here is mighty steep. (in this case 112 players with the entry fee of $550 and a prize pool of $40,000 = a seat value of $357 - excluding the trip)

So let's explore this for a minute. Players want open tournaments BUT without having to give the casino any side action. That's basically most players' attitude. So the real question is how much vig is reasonable.

In this case, let's assume the vig is the same whether the player won his seat or pays the $550. So we have 112 * ($550 - $357) = $21,616 vig. Way too high the players say. OK, if the vig is $50 per player, the vig is $5,600. But is it a smart business decision to run a tournament for a gross profit of only $5,600 considering how much a casino makes in a normal day? Is running a tournament for a gross profit of $5,600 worth the time, effort, and expense? On the other hand a gross profit of about $20,000 may be worthwhile. Without side action, what's a casino to do? Don't forget, a casino is a for profit organization.

So, assuming the casino gets no side action from the tournament players, what is a right balance if one were the casino manager?

 

[Billy C]

Side action

Is not giving side action really that prevalent? I realize there are people that give none but majority of posters here seem to do there part.

Billy C

 

[toolman1]

Is not giving side action really that prevalent?

For "open" BJTs, YOU BETCHA. Just think back how much side action was given to the Ho-Chunk when they ran their tournaments. Maybe that's why that event is gone (ya, I know about the so called management thing but I don't buy it). Also, ask Txtourplayer about side action at the Tropacana when he held a TBJPA event. And what about the Winstar. I wasn't there but from what I heard and read here, many players came into town "just in time " to play the tournament then left like their pants were on fire as soon as they were eliminated.

 

[creeping panther]

Side action

Ignace now demands side action or you will not be given a slot, as most now know.

As I see it the casino needs to make a profit especially when they offer packages as Kewadin does. Darn good packages too

Besides, *great* BJT players should not fear putting their own, real money, on the line to play against the house, in fact they should welcome the opportunity. Unless of course the real money games are so poor as to be unbeatable by a skilled BJ player.

CP

 

[toolman1]

Ignace now demands side action or you will not be given a slot, as most now know.

Not to get off the original purpose of this thread, but I'm curious. I haven't played at St. Ignace for over 2 years. Are you saying I can't play the "open" BJT since I don't have a recent history of action at that casino? If that's the case, then it's not really "open" any more.

 

[creeping panther]

Toolman

They are now very fussy. You may be able to get a spot but not at the new casino hotel. They now do this for all tourneys, check your rated play and then they decide.

They really have some great packages and just want the players to give them a fair amount of action and not just tourney action and then get the free rooms, gifts, food, drawings. It helps to keep the price of the tourneys down and insures the continued offerings of tourneys.

CP

 

[toolman1]

... and just want the players to give them a fair amount of action ...

This is what I've been preaching for years. You, my friend, understand. If everyone had your attitude then there would be a lot more open events. We, the BJTers, have forced casinos to go to invite only BJTs or no BJTs at all. Yes, we created our own mess.

 

[TLR]

Hello, the wife and I played this tourny on a Wednesday a few weeks ago. It's a 3 hr trip for us, but a nice getaway as we stayed over and did play BJ most of the night. Walked away about even. Did not progress past the first round, and bought back in the allowed 1 time. I thought a decent small event, maybe a total of 100 players that night. I do plan to hit this again in mid October.

TLR