JuddsABlue
Norm Smith Medallist
I think that tourny could be a bit of a loss leader for Crown
Lets say they meet the grnt (which they've failed on many times in these), we'll be generous and say they smash it with 1100 entrants (including rebuys etc which are all raked). Thats $11,000 in rake collected for the tourny which runs 10 day 1 flights as well as a day 2
With a dealers wage (estimated at $27~, could be way off), with around 30% on costs (super etc) its around $35 per hour just for the dealer to run a single table.
$11,000 in rake will give 314 of dealing/table hours. For the example I'll run it like a normal freeze out, starting with the individual entrants around the 500 mark. In the rebuy period though I wont break any tables, as majority of bustouts will be rebuys and Crown wouldnt be breaking tables this early.
The first hour requires (assuming 11 handed) requires 45 dealing hours. The following hour, which is the end of the rebuy period, require another 45 hours, meaning a total of 90 dealing hours are required at the start. From there things will be pretty slow, and with late entrants etc I'll keep the field size at 500 players until the second break, so another 90 dealing hours over the next two hours.
The next hour is another 45 hours of dealing, but by the end of the level we've lost around 15% of the field, meaning the next hour require 38 dealing hours. Total of dealer hours logged is now 264. We lose 20% of the field in that hour, leaving 340 players left and 30 dealing hours. 294 hours. In the next hour, we are going to crack the amount of dealing hours the rake covers and we havent reached the end of day 1 yet
Those figures are all extremely loose and I've done them on the fly so I could've ****ed them up, but it gives an idea of how hard it is so make money from tourny poker.
Lets say they meet the grnt (which they've failed on many times in these), we'll be generous and say they smash it with 1100 entrants (including rebuys etc which are all raked). Thats $11,000 in rake collected for the tourny which runs 10 day 1 flights as well as a day 2
With a dealers wage (estimated at $27~, could be way off), with around 30% on costs (super etc) its around $35 per hour just for the dealer to run a single table.
$11,000 in rake will give 314 of dealing/table hours. For the example I'll run it like a normal freeze out, starting with the individual entrants around the 500 mark. In the rebuy period though I wont break any tables, as majority of bustouts will be rebuys and Crown wouldnt be breaking tables this early.
The first hour requires (assuming 11 handed) requires 45 dealing hours. The following hour, which is the end of the rebuy period, require another 45 hours, meaning a total of 90 dealing hours are required at the start. From there things will be pretty slow, and with late entrants etc I'll keep the field size at 500 players until the second break, so another 90 dealing hours over the next two hours.
The next hour is another 45 hours of dealing, but by the end of the level we've lost around 15% of the field, meaning the next hour require 38 dealing hours. Total of dealer hours logged is now 264. We lose 20% of the field in that hour, leaving 340 players left and 30 dealing hours. 294 hours. In the next hour, we are going to crack the amount of dealing hours the rake covers and we havent reached the end of day 1 yet
Those figures are all extremely loose and I've done them on the fly so I could've ****ed them up, but it gives an idea of how hard it is so make money from tourny poker.
