well i dont feel like i should be playing any more tournies on my own dime, because i dont have the bankroll to make it thru the variance before i start cashing in them, and when u do cash, its likely for a small amount than a big one. the problem with tournies is they just DO NOT PAY ENOUGH SPOTS. u see, the tournies i played in the old days online pokerstars, (not counting PLO8 tournies) were the double or nothing, 1 table, half the field gets paid. i always wished they had them with fields of 100 people instead of 10 people. and any other tournies i didnt feel were worth playing because it was too hard to reach the final table. then of course i discovered triple up sngs on ignition which pay 33% of a 9 player field, but id still prefer large fields instead of 1 table. i think somewhere i heard a live casino paid 25% of their players in an event or several events once, but i dont know where it was or if it was in vegas.
people who strictly play satellites which could pay out like 20% or more of the field, (with no intention to play the tourney itself, but to sell it) make money similar to this. so there are at least some people who agree that more people should be paid.
at least 120 of the 159 entries busted out before me in the mixed stud8 omaha8 event in the nugget. so its hard to feel i did poorly, yet i didnt get the money. after running it up from 15,000 starting stack to still being only 18,000 on level 12 break, to 54,000 by level 14 dinner break, to then 73,000 right after sitting down, within the next 45 minutes it quickly went to nothing and bustout when some powerful draws missed. blinds were 3000-6000 in omaha and bets were 3000-6000 in stud8 so its not that many chips. then it went to 4000-8000 before i went broke.
so this is why i said practically everyone but the ones with enough chips to make the final table (last prize money of $436 for 16th, etc) up to i think over $7,000 for first, would been better off chopping 40 ways of over $750 each. now i know this would never happen, but its idiotic for people who should know better to say on twitter that it wouldnt have benefitted the vast majority of the 40 who were still in. $500 profit is very good, considering only about 5% of the working class earns this on their jobs. nor do most poker players, less than 5% of the people who play for a living average $500 a day. even good $2-5 NL players only earn $35-50 per hour. as proof im right, if flush draws tourney wouldve had a flat prize pool of $750 each of the final 40 people, think how much better off he would be now. he too came within striking distance of the money, too bad we missed.
so i dont see why so many thought my statements incorrect on twitter. ive got too many rich guys with money and jobs reading it who dont play for a living and not enough grinders who depend on it to live. u always need to do whats best for ur bankroll, not to go for first only. otherwise why not just buy lottery tickets where only 1 guy wins it all?