Foxwoods 15k invitational

B

bjcount

Well-Known Member
#1
#1
Got the flyer in the mail for the FW $15,000 BJ Invitational coming up in a few weeks.

In order to claim prize money, a current valid ID and SS# are required.
The prizes are:
$10k
$2k
$1,500
$600
$400
$300
$200

I read down at the bottom where the restrictions are listed, they had me rolling on the floor. I never saw restriction like these before.

Sorry Flash - I guess you can't play in this one.

Restrictions:
Excluded from the tournament shall be those who have been evicted by Foxwoods management or MGM Grand at FW management or whose names appear on the exclusion list.

Anyone with a previous CTR violation will need a current valid drivers license and SS# to claim cash prizes.

Why would they send the flyer to people who have been evicted or on the exclusion list anyway?

BJC
 
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FLASH1296

FLASH1296

Well-Known Member
#2
#2
They have a huge data base with probably a million names.
Among them are only a handful of undesirables like myself.
They do not bother removing names from their data bases.
I still get such offers from every place that has ever trespassed me,
including the same one cited by BJCount.
[note: Actually, that means only three places. I am not even considering the dozens places that have simply backed me off over the years.]

What is most important to understand is just how insignificant
their equity is before they waste their time traveling and playing.

A typical situation, serving as an example may look something like this:

You get an invitation to a tournament and you correctly conclude that it is a "freeroll" - meaning no entry fee is required.

You see an amount offered as a guaranteed prize pool
and your greedy beady eyes light up.

Wow, $20,000 is up for grabs.
You know that winnings are taxable, but you read on and ...
you see that the prize pool distribution is "based upon 400 entries"

Quick as a bunny you divide 20k by 400 without once breaking a pencil point.

Its "worth $50" you exclaim to your significant other, who is pretending to listen.

Sorry Roscoe, Not even close.

The casino will mail out an enormous number of invitations.
Hundreds of thousands. Probably 2,000 will register for the event.
Maybe 1,200 will show up and play.

But what about the reference to "400 players" ?

All that meant was they will pay that much out in prizes IF that minimum number of people compete. It is purposely misleading.

Now redo your calculations. The "present value" of the event is about $16


... and so it goes.

:joker::joker::joker:
 
I

iwantblackjack

Well-Known Member
#3
#3
FLASH1296 said:
They have a huge data base with probably a million names. The casino will mail out an enormous number of invitations. Hundreds of thousands. Probably 2,000 will register for the event. Maybe 1,200 will show up and play. But what about the reference to "400 players" ? All that meant was they will pay that much out in prizes IF that minimum number of people compete. It is purposely misleading.
Now redo your calculations. The "present value" of the event is about $16
Click to expand...
I'm confused. They sent thousands or hundred thousands of invitations. My friend and I never received one. We're out of luck? Or, we're not premium dream card wampum holders. Also, if 1,200 show up and play in the torney, then dont they give out the prizes as determined?
 
FLASH1296

FLASH1296

Well-Known Member
#4
#4
Although trespassed, naturally, I still receive numerous freeroll invitations.

My friend and I never received one. We're out of luck? Or, we're not premium dream card wampum holders.

If you play chunky green (with a player's card) for sufficient hrs. you will receive tons of invitations.

If your bankroll does not support same - do not attempt to play in order to get these nearly worthless invitations.

Also, if 1,200 show up and play in the torney, then dont they give out the prizes as determined?

Of course they do, but the more players there are the less your invitation is worth to you.

Just imagine the following two tournament invitation situations:

The first situation has $10,000 dollars up for grabs and there are 100 competitors.

The second situation offers the same prize money, with 1,000 players competing.

Your expectation is 10 times as high in the first situation than in the second.

Your "present value" would be $10,000 divided by 100 = $100

That is your "equity". Almost enough to take your girl out to a fancy dinner.

In the second situation your expectation is 1/10 as much as in the first situation.

Your "present value" would be $10,000 divided by 1,000 = $10 That is your "equity". About 3 gallons of gasoline.
 
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