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    All Forums | Poker

    Largest Buy-in Tourney in history - $250,000 Entry!!!!!

    scalabrine
    penzfan17
    depeche2
    judgelee
    gamble04
    ...
    Participants:
    Search model icon
    Views: 1238
    Posts: 15
     
    scalabrine
    scalabrine
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    Posted: Jan. 26, 2011 - 10:37 PM ET #1

    https://www.pokernews.com/live-reporting/2011-aussie-millions/

    Going on RIGHT NOW at the Aussie Millions Event #21


    Allegedly, 13 total participants including Dwan, Ivey and Siedel...



    A $250,000 Sit N Go....

    These are the TRUE KINGS of degenerate gamblers!!!!
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    https://www.pokernews.com/live-reporting/2011-aussie-millions/

    Going on RIGHT NOW at the Aussie Millions Event #21


    Allegedly, 13 total participants including Dwan, Ivey and Siedel...



    A $250,000 Sit N Go....

    These are the TRUE KINGS of degenerate gamblers!!!!
     
    scalabrine
    scalabrine
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    Posted: Jan. 26, 2011 - 11:27 PM ET #2

    Quarter of a million dollars entry, you get your seat and find out Ivey is on your left...

    Worst seat draw in Poker Tournament history ever? 
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    Quarter of a million dollars entry, you get your seat and find out Ivey is on your left...

    Worst seat draw in Poker Tournament history ever? 
     
    scalabrine
    scalabrine
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    Posted: Jan. 27, 2011 - 12:39 PM ET #3

    https://www.pokernews.com/live-reporting/2011-aussie-millions/250-000-super-high-roller/post.175107.htm

    Since the start of the Aussie Millions this year, there was talk of a massive, super high roller $250,000 buy-in tournament. At first it was slated to be a heads-up event, then possibly an 8-game mixed event, and finally it was cleared to be a single table no-limit hold'em tournament. What nobody was counting on was just how many people were willing to pony up the $250k. Not only were we able to get a full table here in Studio 3, but we got two full tables and 20 total runners, creating a prize pool of $5 million dollars.

    The field included poker greats such as Phil Ivey, Tom Dwan, John Juanda, David Benyamine as well as some of the game's young guns like Annette Obrestad, Andrew Feldman and Daniel "jungleman12" Cates, and the now infamous Chinese businessmen; Paul Phua, Richard Yong and Wang Qiang



    Read more: https://www.pokernews.com/live-reporting/2011-aussie-millions/250-000-super-high-roller/
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    https://www.pokernews.com/live-reporting/2011-aussie-millions/250-000-super-high-roller/post.175107.htm

    Since the start of the Aussie Millions this year, there was talk of a massive, super high roller $250,000 buy-in tournament. At first it was slated to be a heads-up event, then possibly an 8-game mixed event, and finally it was cleared to be a single table no-limit hold'em tournament. What nobody was counting on was just how many people were willing to pony up the $250k. Not only were we able to get a full table here in Studio 3, but we got two full tables and 20 total runners, creating a prize pool of $5 million dollars.

    The field included poker greats such as Phil Ivey, Tom Dwan, John Juanda, David Benyamine as well as some of the game's young guns like Annette Obrestad, Andrew Feldman and Daniel "jungleman12" Cates, and the now infamous Chinese businessmen; Paul Phua, Richard Yong and Wang Qiang



    Read more: https://www.pokernews.com/live-reporting/2011-aussie-millions/250-000-super-high-roller/
     
    penzfan17
    penzfan17
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    Posted: Jan. 27, 2011 - 4:38 PM ET #4

    It's a huge buy-in for a 2 table SNG, but this $$ is nothing to these guys in a cash game. 
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    It's a huge buy-in for a 2 table SNG, but this $$ is nothing to these guys in a cash game. 
     
    scalabrine
    scalabrine
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    Posted: Jan. 27, 2011 - 9:25 PM ET #5

    Quote Originally Posted by penzfan17:

    It's a huge buy-in for a 2 table SNG, but this $$ is nothing to these guys in a cash game. 

    But cash is completely different. 

    I would have no problem bringing $500 to a cash game but would NEVER enter a $500 Sit N Go and never will.

    Why? The $500 is committed in a tourney and if you go card dead, your screwed. You can go card dead for 15 hours in a cash game and still rake blinds occasionally to break even.
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    Quote Originally Posted by penzfan17:

    It's a huge buy-in for a 2 table SNG, but this $$ is nothing to these guys in a cash game. 

    But cash is completely different. 

    I would have no problem bringing $500 to a cash game but would NEVER enter a $500 Sit N Go and never will.

    Why? The $500 is committed in a tourney and if you go card dead, your screwed. You can go card dead for 15 hours in a cash game and still rake blinds occasionally to break even.
     
    depeche2
    depeche2
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    Posted: Jan. 28, 2011 - 4:25 PM ET #6

    Quote Originally Posted by scalabrine:


    But cash is completely different. 

    I would have no problem bringing $500 to a cash game but would NEVER enter a $500 Sit N Go and never will.

    Why? The $500 is committed in a tourney and if you go card dead, your screwed. You can go card dead for 15 hours in a cash game and still rake blinds occasionally to break even.


    That's why it's called gambling. As long as the total house rake isn't prohibitive, what difference does it make?  Just a little more variance.  Strong gamblers can handle that.
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    Quote Originally Posted by scalabrine:


    But cash is completely different. 

    I would have no problem bringing $500 to a cash game but would NEVER enter a $500 Sit N Go and never will.

    Why? The $500 is committed in a tourney and if you go card dead, your screwed. You can go card dead for 15 hours in a cash game and still rake blinds occasionally to break even.


    That's why it's called gambling. As long as the total house rake isn't prohibitive, what difference does it make?  Just a little more variance.  Strong gamblers can handle that.
     
    judgelee
    judgelee
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    Posted: Jan. 28, 2011 - 5:43 PM ET #7

    i believe a while ago i read somewhere there was a SNG it was for 6 people and the buy in was $10 million. They expected the seats to fill up fast but since it didnt fill up i think they just canceled it.
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    i believe a while ago i read somewhere there was a SNG it was for 6 people and the buy in was $10 million. They expected the seats to fill up fast but since it didnt fill up i think they just canceled it.
     
    gamble04
    gamble04
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    Posted: Jan. 29, 2011 - 4:59 AM ET #8

    The money is in australlian dollars though.
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    The money is in australlian dollars though.
     
    scalabrine
    scalabrine
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    Posted: Jan. 29, 2011 - 8:54 AM ET #9

    Quote Originally Posted by depeche2:



    That's why it's called gambling. As long as the total house rake isn't prohibitive, what difference does it make?  Just a little more variance.  Strong gamblers can handle that.


    Whether they can handle it or not, you have to be in awe of the fact there are 20 people in the world who would plunk down $250K for a poker tournament...

    $10K for the Main Event at the WSOP used to be the king of all buy-ins...

    You could enter every main event from now till 2036 for this type of money...

    That was the point of the post...
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    Quote Originally Posted by depeche2:



    That's why it's called gambling. As long as the total house rake isn't prohibitive, what difference does it make?  Just a little more variance.  Strong gamblers can handle that.


    Whether they can handle it or not, you have to be in awe of the fact there are 20 people in the world who would plunk down $250K for a poker tournament...

    $10K for the Main Event at the WSOP used to be the king of all buy-ins...

    You could enter every main event from now till 2036 for this type of money...

    That was the point of the post...
     
    scalabrine
    scalabrine
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    Posted: Jan. 29, 2011 - 8:56 AM ET #10

    Quote Originally Posted by gamble04:

    The money is in australlian dollars though.

    That is correct.

    And I did the conversion...

    It's $251,865 American based on the exchange rate...

    Doesn't sound as sexy for Tourney directors even though it's more...
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    Quote Originally Posted by gamble04:

    The money is in australlian dollars though.

    That is correct.

    And I did the conversion...

    It's $251,865 American based on the exchange rate...

    Doesn't sound as sexy for Tourney directors even though it's more...
     
    gamble04
    gamble04
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    Posted: Jan. 29, 2011 - 10:17 AM ET #11

    250k though is nothing to those guys that played in this.
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    250k though is nothing to those guys that played in this.
     
    MoneyShot
    MoneyShot
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    Posted: Jan. 30, 2011 - 3:30 PM ET #12

    i may play in this next year lol
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    i may play in this next year lol
     
    scalabrine
    scalabrine
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    Posted: Jan. 30, 2011 - 5:20 PM ET #13

    Quote Originally Posted by gamble04:

    250k though is nothing to those guys that played in this.

    It's not a cash game...

    It's basically saying I'm going to put up 250K vs. 20 other players and if I get a bad run of cards in 3 hours (very likely) or misplay a single bluff, I lose it all...

    THAT is inane when you think about it...
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    Quote Originally Posted by gamble04:

    250k though is nothing to those guys that played in this.

    It's not a cash game...

    It's basically saying I'm going to put up 250K vs. 20 other players and if I get a bad run of cards in 3 hours (very likely) or misplay a single bluff, I lose it all...

    THAT is inane when you think about it...
     
    badreligion
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    Posted: Feb. 2, 2011 - 7:08 AM ET #14

    has this been made available for viewing yet?
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    has this been made available for viewing yet?
     
     
    runlagos
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    Posted: Feb. 2, 2011 - 3:31 PM ET #15

    Kind of silly, reminds me of Casino Royale haha
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    Kind of silly, reminds me of Casino Royale haha
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