hi all, i am learning the bj tournaments.i have got every kind of information from internet how tournaments are played and all.but till now i havent been able to get how house earns and what are the rake structures in different kind of blackjack tournaments that casinos are imposing. thnx in advance regards little
No specific answer Unlike poker, there is no "rake" structure in BJ tournaments and how the casinos handle "buy ins" vary widely. Some are invitational with no buy in, some are a buy in + a charge that goes to cover expenses, some are a buy in with all the entry fees returned in prizes, some are buy in + an added amount from the casino to increase the prize pool, etc. The point is that you have to analyze the prize structure for each tournament you plan to enter to see if it's a good deal or not. As to how the casinos make their money, they depend on "side action" from the additional players they bring in as a result of holding the tournament. This side action can be table games or slots. Also they expect that some of the tournament players will give additional action during non tournament times to "get in good" with the casino which can result in more "comped" entries into tournaments. In a nutshell - it's a mess.
Tourney Equity: The point is that you have to analyze the prize structure for each tournament you plan to enter to see if it's a good deal or not. In a nutshell - it's a mess.[/QUOTE] So true. And while I thought and hoped there would be pressure to standardize tournaments, the last ten hits in the forehead with the two by four made me realize that'll never happen. And the new events(for TV) and or traveling leagues are compounding the analysis as well as creating adjustments in strategy and approach. Just shows to goya there's more to a tournament than just playing blackjack. Perhaps not all bad for the player who scopes it out properly.
Thnx Why i asked this question coz i needed to know the functionality of casino n am going to develope a blackjack tournament Game in the near future.So i needed the detailed description of rake structure which i could not find anywhere on the web thnx for your replies.
