Heading to Vegas next weekend, and was planning to play in some poker tournaments. What does it mean when they're talking about Fees Returned? For example, the Bellagio has tourneys during the week with a total buy-in of $330 and $30 going to Admin Fees. With Fees Returned of 90%, what would part of that $330 would come back to the prize pool and what goes to the casino? It also says that 3% of total prize pool is withheld for staff. Any help would be greatly appreciated.
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Heading to Vegas next weekend, and was planning to play in some poker tournaments. What does it mean when they're talking about Fees Returned? For example, the Bellagio has tourneys during the week with a total buy-in of $330 and $30 going to Admin Fees. With Fees Returned of 90%, what would part of that $330 would come back to the prize pool and what goes to the casino? It also says that 3% of total prize pool is withheld for staff. Any help would be greatly appreciated.
My understanding is 10% goes to the casino and 90% goes to the prize pool where 3% of that goes to staff. So 87% returned in prize pool. I'm no expert on poker tourneys but that is a great return % compared to a lot I saw from other casinos. Lot in the high 70's and low 80 %.
My understanding is 10% goes to the casino and 90% goes to the prize pool where 3% of that goes to staff. So 87% returned in prize pool. I'm no expert on poker tourneys but that is a great return % compared to a lot I saw from other casinos. Lot in the high 70's and low 80 %.
I always thought that extra $30 was for the casino/help, and the $300 would go into the prize pool. And that 3% comes out of the prize pool...not sure, but that would be my guess. GL out there!
I always thought that extra $30 was for the casino/help, and the $300 would go into the prize pool. And that 3% comes out of the prize pool...not sure, but that would be my guess. GL out there!