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Forum Guru
 
Group: Forum Members
Last Login: 8/14/2008 9:30:48 PM
Posts: 50,
Visits: 25
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I'm looking at having about 40 people over to have a poker tournament. I'm thinking having $50 buy in and $5 of that going to the refreshments and the rest into the purse. I'm thinking of having money paid out to the top 4 finishers with the winner getting 50%, Second getting 25%, third 15% and fourth 10%. Does that sound reasonable? So far people like the idea. Has anyone hosted a nice size tournament before?
Slim
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Supreme Being
Group: Forum Members
Last Login: 8/15/2008 4:18:10 AM
Posts: 101,
Visits: 80
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| That would be a bit of a high buy in for my circle of friends, but if your friends are willing to front that much, it sounds like a great idea. I've never hosted a tournament, nor attended one, but it sounds like a great idea and I may try in the future.
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Forum Guru
Group: Forum Members
Last Login: 8/4/2008 12:46:17 PM
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That sounds like it could be pretty cool and fun. I wouldn’t issue such a high buy-in myself though. My friends and I arent exactly made of money.
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Supreme Being
Group: Forum Members
Last Login: 8/14/2008 4:43:00 AM
Posts: 125,
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| Sounds like fun, however, you can get into trouble if all the buy-in isn't paid back to the players. If you take any portion of the buy in (even for refreshments or costs), that could be considered a "rake" and that would probably be against gambling laws.
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Forum Guru
Group: Forum Members
Last Login: 8/14/2008 9:30:48 PM
Posts: 50,
Visits: 25
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| I thought about that and have told everyone that there is a $50 buy-in with $5 of the buy-in being a refreshments "donation". I may end up taking it down to about $25 a person if I don't get enough interest. We are looking at doing it as a end of summer party and will be doing it the labor day weekend. Is $25 a better buy-in?
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