Main Event Blackjack Tournament - Quechan Casino

Tournament will have 12 tables (6 players each) for 
elimination (first) rounds.  They will run a maximum of 6 
elimination rounds, so a max of 432 players.  After the 
first elimination round, seats are open for rebuys, as 
seats are available.  Buy in is $250, rebuy is $125.  
Tables are single advance, so 12 players total will advance 
from each elimination round to the quarter final rounds.  
Each quarter final round will have two tables of six 
players each, single advance.  Quarter final rounds will 
play immediately after each elimination round.  So the 
structure is, first elimination round, 12 tables, 12 
advance; then: first quarter final round, two tables, two 
advance: while the first quarter final round is playing, 
the second elimination round, twelve tables, will play 
simultaneously; and so forth.  This will put 12 players 
into the semi-finals.  An additional 6 players will be 
added, who will be the six non-winning players with the 
highest chip count.  Six additional players will be 
selected by wild card drawings from among all registered 
players.  This puts 24 players in the semifinal.  There 
will be four semi final tables of 6 players each.  The 
winner of each table advances to the final table.  Two 
additional players will be added to the final table, 
selecting the two highest non-winning chip counts from the 
semi final round.  6 players at the final table.

They will use standard Q-Resort tournament rules, but, will 
use a rotating button for all tables.  

Tournament will pay through 24 spots.  Pay off structure is:
1st $20,000
2nd $8,000
3rd $6,000
4th $4,000
5th $2,000
6th $1,000
7th - 12th $750
13th - 18th $500
19th - 24th $250

Besides paying the full entry fee, there are two ways to 
earn free entries/discounted entries.  First is through 
mini-tournaments.  They have one table set up for these, 
sessions are from 1-4 PM Mon-Fri and 7-10 PM Sun-Thurs.  
These are multiple table accumulation tournaments, with the 
highest chip totals being tracked through each session.  
Entry fee is $5 per table played, and you can play as often 
as you like each session.  Winner gets the total entry fees 
plus a $10 credit off his tournament entry,  2nd - 4th 
places get no money, but a $5 credit off the tournament 
entry; all players get a $1 credit for each table they 
play.  Prize pools typically run $250 to $350, each 
session.  Tables are 6 hands, standard Q-Resort rules.  You 
must be present when the session ends to collect your money 
if you are the winner.  Not present, no money.

Second way of getting discounts, is through regular 
blackjack play.  You get $1 discount for each hour of bj 
play, with a $20 average bet.  So 250 hours at $20 a hand 
gets you a free entry, 375 hours at $20 per hand gets you 
an entry and a rebuy.  They prorate according to size of 
bets, so if playing $100 average bet, takes only 50 hours 
to get a free entry.

They are holding 130 seats for people to buy in with cash.  
They reserve the right to allow additional cash buyins.  
After they use up the 130 seats (or more if they allow), no 
more cash buyins except on a space available basis on the 
day of the tournament.  Please note, no guarantee a cash 
buyin will be available the day of the tournament, also, no 
guarantee that more persons will qualify for discounted 
entries than they have space available for them.  An early 
cash buy-in will guarantee you a seat, however.  Also 
please note, that if 432 people buyin and/or qualify in, no 
rebuys will be available.

$50,000 prize pool, with 432 players, is an equity of 
115.34 per player.  133 players with a buyin and one rebuy 
each would produce $50,000 for the casino, so they would be 
putting no money into the tournament.Actual equity will 
depend on how many players qualify for the free entries, 
etc. how many show up.  It looks as of a small group of 
players are doing the mini-tournaments, playing every table 
at a session, and that several have accumulated enough 
credit for a free entry already.  I can't estimate how many 
will get in through table play.  

So may be seriously negative equity.

Will pay down to 24 places.