High roller tournaments and how an investment oriented mind along with personal statistical data is the key. Texas Hold Em tournament structure has developed drastically over time. There are now several tournaments with buy ins ranging from 100k-1mil dollars with multiple entries allowed. As a poker player it is imperative to understand one how much you can lose, your winning ratio, the pay out structure, player field, and opportunity available. For example if you play in 1 100k tournament in a single day with unlimited reentry, your total cost is 500k and you cash out 550k in winnings (50k profit) there is virtually no difference then spending 100k (multiple tournaments) over 5 different venues. This is because the majority of the high roller tournaments have a lot of "dead" money and offer various unique structures that can give a skillful player a significant edge. So the fact that you had to re enter into a tournament multiple times causing your investment to be larger is almost irrelevant (of course if you lose is another topic) if you feel you have an edge and will be able to place in a payout position
The same goes with investing in stocks, you can invest in a couple large securities or several smaller ones. If you anticipate the same outcome the only factor is time and the amount you are willing to lose if things do not go as planned. These tournaments have been the topic of much debate because the poker world has tried to restrict entry and limit the higher tournament buy ins from taking place. A large portion of the player field consists of business men or other wealthy individuals with a few elite poker players. As an elite player having a clear understanding of how many hands, tournaments, hours, and buy ins you need to sit at and play in to statistically make money is extremely important. Also knowledge of the player field (amount of players) and who that field consists of can drastically change the likely hood of you placing in one of these events.
So should larger events be restricted to specific people or not be allowed? If 10 wealthy individuals wanted to get together and play for large sums of money why should they not be allowed to do this? In my opinion, professional circuit events should allow virtually any tournament if players are willing to sit in the game. Twenty years ago the largest buy in was for 10k which was the WSOP main event now 10k tournament are offered throughout the year at various events. Overtime the game will continue to develop and these tournament structures will only get larger allowing players to risk more, gain more, and be a game changer for some.
http://www.fullcontactpoker.com/
Interesting!
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