WPT Seminole Poker Showdown Smashes $2M Gtd on Day 1A cardschat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cardschat.com Daily Mail and Mail on Sunday newspapers.
Sizable Overlay Shouldered
Over the course of three starting days, the tournament drew 3,505 entries for the ¥2,000 (~$300) price point.
While that number looks pretty solid at first glance, it was well below what was needed to meet the guarantee, which would have been in excess of 5,000 depending on the rake structure. That means the operators had to shoulder a hefty overlay of around $460,000.
PokerNews inquired as to whether the overlay was an expected marketing expense for a new event. WPT and Poker King are committed to bringing large guaranteed events to their player base, and we anticipate more of these types of events from us in the future, said WPT Vice President, Global Tour Management
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Huge Field Flocks to WPT Lucky Hearts in Florida for Return of Live Tournament Poker
6 Min read
In the first major live poker tournament in the US in nearly a year, a relatively unknown Ilyas Muradi took down the main event of the World Poker Tour’s Lucky Hearts Poker Open at the Seminole Hard Rock in Hollywood, Florida. For Muradi, it was a $620,000, life-changing score. For a poker community starved for major tournament action in the face of the coronavirus, the whole series was like a breath of fresh air.
Plexiglass separators and mask requirements provided safety for competitors in the World Poker Tour Lucky Hearts Poker Open at the Seminole Hard Rock in South Florida. (Image: WPT)