Tuesday, September 16, 2008

Event #23 Underway!

We started today's $530 NL Hold'em with 1 rebuy and 1 add on tournament with 1,159 entrants which is close to double what I expected. Pokerstars guaranteed a prize pool of $500,00, but with 1,159 entries, 804 rebuys and 954 add ons they blew that away. Instead of half a million to split up we're looking at 1.46 million dollars!

171st is the edge of the money and pays $2,190, to net $1,000 I need to make it to 90th, 27th is $5,400, 18th is $8,030, 9th is $20,440 and 1st is $263,384. AT WORST I've got a 1 in 1,000 shot at outright victory and a 1 in 250 shot at a six figure pay day. Playing 4,000 hands a day, 1 in 1,000 type stuff happens to me 4 times a day, and 1 in 250 stuff happens to me about once every half hour. When I think about it that way a major result doesn't seem that far out of reach.

After a little over an hour I have my starting stack of 16,000 chips that I paid for up to about 18,300. Since a few people chose to not so the rebuy and add on average is at 14,400 and I'm in 177th place of the remaining 1,071 players.

38 minutes before it starts there are still only 163 players signed up for Event #24. It looks like I might be playing a little No Limit 2-7!

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