Thursday, July 06, 2006

Event #12 preview

Sorry about the lack of Event# 11 preview and thanks to Jen for putting one together at the last minute. Event #12 is a $2,500 No Limit hold 'em event. Last year this event had 1,056 entrants (featuring a special appearance by yours truly) with 1st place of $594,960, 9th place was $48,575 and 100th was $2,670 (My research tells me 250th place pays nothing!) I think since today's event was limit, the last no limit under $5,000 was Event #6, and all of the no limit events have been much bigger this year, we can expect 1,200-1,300 players. This is my last shot until the main event so I hope it's a good one. Without a doubt I'm due for some good luck. Maybe I'll try putting on my socks inside out and see what happens.

As you may have guessed I'm not going to play Saturday's event which is $1,000 buy in with rebuys. The way this tournament works (all rebuy tournaments work similarly) is you start with 1,000 in chips and any time you have 1,000 or less you can buy another 1,000 chips for $1,000. So when you sit down most people will immediately buy another 1,000. If you go broke or get back below 1000 chips you can buy more. You can do this as many times as you want you just have to pay for it. You can imagine what the players who don't care about the money (but want desperately want the bracelet) do to accumulate chips while they have the chance. Last year in the $5,000 with rebuys Daniel Negranu did 22 rebuys which cost him $5,000 each! After the first 2 hours all of the insanity ends, but they give you one more chance to buy chips (called an add on) no matter how many you have. So if you want to compete you are looking at at least a $3,000 commitment and if you lose with a big hand early it could easily be $5,000 or even $7,000. I don't think things have been going well enough for me to put this kind of cash on the line.

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