February '13 Poker Post To Enter Closed! Winners Announced!

Post to enter time again Crushers
You might say, its about poker time.... lol
_______________________________
Always presented by BowerCrush

Guaranteed Prize Pool Tournaments

A common technique a poker room will employ to promote its tournaments is to guarantee the size of the prize pool. This means that the poker room will ensure that the prize pool is at least the size of the guarantee by adding money to the prize pool if not enough players enter the tournament.

For example, suppose a poker room hosts a $200+$15 tournament with a $250k guaranteed prize pool. If 3,000 players enter this tournament, the guarantee does not matter. The prize pool would be $600k, which is well above the guarantee. The poker room does not need to add any money to the prize pool. In fact, it makes a sizeable profit off of the entrance fees.

However, suppose only 800 players enter the tournament. In this case, the prize pool would normally be only $160k. Since the poker room guaranteed the prize pool would be at least $250k, they would need to add $90k to the prize pool. This is great for the players in this tournament because all the prizes are about 56% higher than they normally would be.

Most of the time, guaranteed prize pool tournaments attract enough players so that the poker room does not have to add any money to the prize pool. Every now and then, some of the online rooms set the guarantee so high that they do have to add money to the prize pool.