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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: snookcity who wrote (104877)	8/3/2006 11:12:37 PM
From: Knighty Tin	Respond to of 132070

Yeah, stupid Orcas. <G>

To: snookcity who wrote (104877)	8/5/2006 4:24:14 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Overlay poker tournaments online. I played in my first ever overlay tournament on Pacific Poker (not counting freerolls, which are all overlay). An overlay occurs when the tournament has a guaranteed payout, but there aren't enough players to meet that guarantee. Specifically, in this case, 375 players paid in $15 plus a $1.50 user fee to enter a tournament. The $15 times 375 people equals $5625. The tournament paid out a guaranteed $10,000. This was the biggest overlay I've ever seen and Pacific got hosed. Anyway, I love the overlay, because everyone has an expected return higher than their buyin. That doesn't mean everyone wins, and, in fact, only 40 players got paid. But the payoffs are very high relative to the risk involved and it is one of the few games where you are odds on going in. BTW, I finished 20th and scored some cash. I was short stacked the entire tournament and could never scare anyone away with my raises, even when I had the biggest hand. In the first ten hands I got two full houses, both of which lost. After that, I was begging for scraps and picked up enough to beat 355 of these guys, but not the last 19. C'est la guerre. The payoff was decent, anyway, and nearly made my entire day's nut.