Note: This is the first of two parts.
Taking a break from my Xmas horror story, I want to tell you
about the tournament I played last weekend.
Commerce started their L.A. Poker Classic series with a $120 buy-in,
$500K guarantee event. You read that
right. Half a million buck guarantee for
a $120 buy-in. Sounds pretty good,
right? How about if I add the fact that
they were guaranteeing $100K for the first place winner?
Well to me, the guarantee for first place actually reduced
the appeal of the event. You all know
how I feel about those top heavy payouts in tournaments. And such a large guarantee for first seemed
to insure an even more top heavy pay scale than normal. I frankly think huge first place guarantees
are a terrible idea, but I guess they figure it will somehow attract more players But only one person is gonna finish first
and get all that money, and there will just be less money for the rest of the
field. Since I was voted most likely to
place in the rest of the field (if I placed at all), it wasn't really to my
advantage to have the big first place guarantee.
Let me just give you some of the final numbers to prove my
point, even though it means I'm telling the story a bit out of order. They ended up with 6,454 entrants, so they
smashed the guarantee and had a total prize pool of $603K. Despite beating the guarantee by that much,
first place was still "only" $100K, they didn't increase it all. But they were able to bring second place
prize money up to $50K. Imagine what it
would have been if there had been an overlay. Third was $32K and fourth was
$25K. Only 81 players got four figure payouts.
The details are that they had four starting flights for this
tourney for four consecutive days, concluding Saturday. Day 2 was Sunday and for good measure they
had a final day 1 flight Sunday morning at 8am (a turbo). The regular flights were at 10am, 2pm, 6pm
and 10pm, with the 10pm having 20-minute levels, the others having 30-minute
levels. At some point on day 2, the
levels would increase to 40-minutes.
Each individual starting flight would play past the money
bubble. One in eight players would be in
money, with only 3% of the each field advancing to day 2.
When I looked at these details I made a few
observations. For one thing, with such a
big guarantee and relatively small buy-in, I knew the turnout would be huge and
they wouldn't have much trouble hitting the guarantee. I also knew that those day 1 payouts would be
very small, and the min-cash would really be somewhat pathetic. I knew you'd really have to hit that 3% who
advanced to day 2 to have any chance of making any serious coin. Honestly,
there haven't been many tournaments I've played, especially with huge fields,
where I've lasted down to the final 3%.
Through Twitter, I asked the Justin, the tournament coordinator
at Commerce, what the day 1 payouts were. Justin use to run tournaments at the
Aria by the way, and I knew him there.
He told me it was $160, $200 and $250.
So the dreaded min-cash would be essentially your buy-in back plus
another third of that buy-in on top.
Well, I knew it wouldn't be close to the "double your buy-in"
amount that I think is fair. I asked him
what the day 2 min-cash would be. At
that point, he didn't know because that would be determined by the number of
total players. He said it would be at
least $300 but probably considerably more.
That was important to me because it is pretty much a pain for me to
drive down to Commerce, and a second trip the next day needed to be worth it.
It was tempting to skip it, truth be told. I mean it's a great tournament and you don't
get an opportunity to play in events like this all the time in L.A. But driving all the way down there for most
likely a very small pay day gave me huge second thoughts. I probably would have
had a much easier decision if Commerce was close to where I live and easier to
get to.
But for reasons I don't want to get into, this was really my
only viable poker option on this particular Saturday. And I hadn't played since New Year's Day. So
I headed down there. Of course I opted
for the 2pm flight, which I suspected (correctly) would be the largest flight
of the tournament. That wasn't the
reason I picked it, it was just the most convenient for my schedule. They were saying the day 1's were running
like 8 hours but I figured that this one would run longer for sure.
Traffic getting down there was just horrendous—on a quiet
Saturday afternoon when nothing was really going on around town. Just unbelievable. I recently got criticized for using Waze or
Google Maps to get around Vegas, but the latter was a life saver. I mean, I know how to get to Commerce but
Google actually had me get off the damn freeway at one point to get around a
major bottleneck. Shaved 20-minutes off
my drive.
Then it took me forever to find a parking spot, and it was a
long ways from the casino (and that parking lot is terribly designed, but I
won't bother you with an explanation).
By the time I finally entered the casino, I was mentally and physically
exhausted. I really was tempted to get
right back in my car and head home, but there was no way I was ready to face
the freeways again so soon.
I realized that years of working from home has softened me
up. I think if I was still doing an awful commute twice a day, five days a
week, the drive through downtown wouldn't have bothered me so, it'd likely be
better than my daily drive. But now that
I only have to walk downstairs to get to work, I just have no tolerance for the
damn traffic—or the horrible condition our roads out here are in. I mean, half the time on the drive it felt
like I was riding on railroad tracks.
I had an very unproductive thought at that moment. I wasn't sure I even wanted to make day
2. I mean the thought of doing that
drive again was so unappealing to me. I
was actually thinking I'd prefer to bust-out early than face that again. Great attitude to have before a poker
tournament, right? Well, I managed to
talk myself into wanting to come back.
But only with a really big stack.
No short stack. No way I wanted to come back and just get the day 2
min-cash, it just wouldn't be worth the wear and tear on my mind, my body, and
my car. Go big or go home. Play reckless near the day 2 bubble and
either bust out or build a huge stack that would make me a contender for a pay
day worth that doing that horrible drive a second time in two days. Sounded
good in my mind, anyway.
I was about 45 minutes early. I purchased a bottle of diet 7-up from the
gift shop, had a nice chat with Justin and was ready to go.
I must say it was quite a project running all these flights
the same day and the Commerce handled the logistics of it flawlessly. I was watching and wondering how they figured
this all out. The tournament is held in a big ballroom of the hotel, I believe
they had 68 tables. I kind of laughed when I thought about that, although I've
played in the exact same location before.
Commerce is the largest poker room in the world. There are more poker tables in there than any
place else on the planet on a normal day.
Yet to run this series they needed to bring in 68 more tables? Amazing.
Anyway, they had 527 entries for the 10am flight. So by the time they started the 2pm flight
(my flight) they were breaking tables from that flight pretty fast. Late reg was only open for four levels so the
field was shrinking. Still, I think I
saw that they had over 200 players left by the time our flight started. Meanwhile, they eventually seated 821 players
for our flight. Talk about a huge
field! So they had every table in use
when our flight started. And still they
had alternates. I think everyone who was able to register by 2 was seated right
away, but at some point I was able to see a long line of alternates just
waiting for bust-outs to start playing.
At one time, like 3pm, the lines for both registration and alternates
were both really long (my table was very near both lines so I could see). Yet the TD's had everything running
smoothly. They were replacing busted
players with alternates with almost no loss of time. I swear, when we lost players a new one showed
up in what seemed like a minute or less.
It was impressive.
And of course, every time they were able to break a table from
the 10am flight, they wasted no time in setting it up for our flight. How they kept track of all this, I have no
idea. Must have mapped it out in advance.
But then I started wondering if they knew at what point they had to stop
turning 10am flight tables into 2pm flight tables and start saving them for the
6pm flight? Or were they sure there'd be
enough players gone from the two flights that they didn't need to hold any open? I dunno how they would know that. Because anyone who registered by 4:15pm was
allowed to enter even after late reg closed, there were still alternates to be
seated during level 5, and maybe even level 6.
Not sure. My hat's off to the
management of the tournament for running this huge event so smoothly.
What didn't go smoothly was the tournament for me. Same old story, totally card dead. But this time it was even worse than
usual. I think I set the indoor record
for garbage hands. I started looking for
spots to be creative but the dynamics of the table made it difficult. I thought it was pretty obvious early on that
I wouldn't have to worry about returning to Commerce on Sunday.
For a tournament with such a big guarantee and a
three-figure buy-in, the structure was not all that player friendly, mostly due
to the 10K starting stack. That's kind
of small these days for this price point.
Like all Commerce NLH tournies these days, it featured the Big Blind
Ante. The blinds started at 100/100 with
the ante (which is always the same as the big blind) kicking in on level 2. So you only start with 100 big blinds.
The only hand I noted on the first level was when I was the
big blind with Queen-6 and no one raised.
I lost some chips as it was a Queen-high flop but someone flopped two
pair. Fortunately he played it kind of
weak and it didn't cost me too much.
Started level 2 (100/100/100) with $8900 and already my
tournament life was about to be on the line. I called a small raise from the button with
King-10 of diamonds. Three of us saw a
flop of King-10-2. It checked to me so I
bet $2,300. The preflop raiser then
check-raised enough to put me all-in. It
folded back to me and I wondered if he had a set. But his overbet made me think he wanted me to
fold. So I called. He had King-Jack. My two pair held and I had some more chips.
I didn't note any hands for the rest of that level, or for
the next two after that. I made it to
level 5 with $12,600. The first hand of
the level I opened King-10 off to $1K and had two callers. The flop was King-high and my $2,500 bet took
it. The very next hand I was
under-the-gun and opened to $1,200 with Ace-King. Only the small blind called. I bet out on a King-high flop and took
it.
And then I went back to being card dead. During the whole tournament, I only saw a
pocket pair higher than 9's only once (I'll get to that) and I think Ace-King
maybe twice. I didn't see that many
smaller pairs either; fives a few times, nines once, threes maybe once and
eights. That was it. Suited connectors? What are those? Two Broadway cards? Almost never.
Even suited Aces were virtually non-existent.
So level 7, $10,600 (800/400/800) I open shoved Ace-6 off
from the button and didn't get a call.
That didn't help much and I was really convinced my tournament
life was just about over. And that wasn't
so bad. It'd be past 6pm at the next
break (after level 8) and I'd have to shove some dinner in my mouth. Of course there were no dinner breaks for
this tourney. And only the first two
breaks were 15-minutes. After that, they
were only 10-minutes. I had to take
advantage of the big blind ante format for both my bathroom breaks and my meal
break.
The only Men's room on the mezzanine where the tournament
was taking place had only three urinals (and four toilets). That was to serve 68 tables full of poker
players. This made the lines at the WSOP
Men's room seem short. So I waited to
play my button and my cut-off and then headed over to the restroom when nature
called.
Dinner was trickier.
I had a good lunch at home before the tournament, but I knew if I made
it to level 8 I'd have to eat then. The
ballroom had a small snack bar with a very limited menu. The closest thing to dinner cuisine were the
hot dogs. They also had chips, cookies,
bananas, pastries and soft drinks (maybe beer, not sure). Perhaps they had some other hot items but
nothing that I would eat. Actually they
had another snack bar on the same floor too, a specific snack bar for the free
food coupon they would give you. All
items were $7, which is the value of the food comp you get for playing in a
tournament. They had a $7 hot dog (much
bigger than from the other snack bar) and maybe a premade sandwich of some kind
and a chicken salad and a few other things.
Again, only thing there for me was the hot dog.
Except that for this tournament, there was no food
comp. I asked Justin about that. He said that because the juice was so low
($100 of the $120 was going back to the players), management wouldn't let him
give players the food comp for this particular tournament. Damn, I was kind of counting on a free meal
at least. Also made me wonder why that
snack bar that just was for the comps was open. They don't even have prices on
their menu (tho I think everything is $7, the value of the comp normally). Weird.
Anyway, that snack bar would be real busy if I waited to the
break at the end of level 8. It might
take me more than 15 minutes to get my hot dogs, let alone eat them. So as I spied the clock, I had to plan for
getting up early before the break and grabbing my dinner then if I could. Fortunately the big blind cooperated and I
saw that I could get up about 2-3 minutes early, beat the rush, and even have
time to eat before the tournament resumed.
Well that was one plan anyway. But as the last few levels had gone on, and
as I had been failing magnificently at accumulating chips, I had another
possible plan. Just bust out of the
tournament and go somewhere nicer than the Commerce snack bar for dinner. It seemed like it was inevitable that I would
bust out long before the money anyway. To me, the worst scenario would have
been to be alive just by a thread, having to eat there and then bust out right
after that. A crummy meal for nothing.
But as the 8th level started, I realized I was too hungry
and had gone too long without food for that plan to work. I knew that even if I had busted out before
the break, I wouldn't be able to wait until I drove somewhere to get a nicer
meal. It would take too long (especially
with traffic that time of the evening).
So at a certain point I was committed to eating there no matter
what. I should have busted out during
level 6, the latest.
And that's where I'll leave part 1. Part 2 can be found here.
I don't know if they run them where you play but your distaste for the top heavy payout would lead me to think a Survivor tournament might be more to your liking.
ReplyDeleteThanks, Anony. I'm familiar with them. Venetian used to run one regularly on Friday nights, and I played a few (didn't cash). They discontinued them but now one may show up in one of their series. Wynn also has one or two each series.
DeleteBut on a regular basis they are hard to find and rarely convenient for me.