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Old 10-07-15, 13:45   #1
JP Poker
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WSOP Circuit Event Ireland

Hi Guys,

I'm working on a number of very interesting projects at the moment.

One which is on my lap at the moment is WSOP Circuit Event.

The big problem with the circuit events as I see it is the large reg fee's due to the licencing fee which needs to be paid to WSOP.

The Main event is €1675 (€175 reg fee) the other ring events been €580 (€80 reg) €365 (€65 Reg).

Most of the ring events are €365.

Is there enough interest here to host one of these or should I just give it a miss?
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Old 10-07-15, 14:03   #2
noname1255
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any gaurantee?
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Old 10-07-15, 14:03   #3
IPBYOUSAY
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More info please. Way too Vague!
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Old 10-07-15, 14:09   #4
Donk Magnet
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A chance to bring another major event to Ireland I think should be a no brainer.
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Old 10-07-15, 14:15   #5
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Reg fees are too high imo but I'm sure a lot of people would like to play a WSOP Circuit event regardless. (In truth most rec players don't give a toss about the reg fee)

The smaller buy-in WSOP structures are pretty lame compared to what we are used to on this side of the pond. That would be a big consideration for me. Would they allow you to define the structure ?

Last edited by PokerPiper; 10-07-15 at 16:03.
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Old 10-07-15, 14:33   #6
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Reg Fee would be a problem if we had to play an event like this everyday, but I don't think 25€ extra reg fee (on top of std 10%) for a one-off event would really make much difference, the key is to have a nice slow structure though.
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Old 10-07-15, 14:51   #7
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Do you think the WSOP brand would attract new players/players who wouldn't normally play that high?

Would you have to run all the satellites yourself or would they be bringing in outside players through satellites (eg through online promotions or satellites elsewhere in Europe?)

I'd probably be in favour of it regardless but I agree that a good structure would make a big difference to my likelihood of playing.
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Old 10-07-15, 14:59   #8
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Take it on.
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Old 10-07-15, 15:09   #9
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I'm really unconvinced that the simple branding of a tournament series will have a big effect on numbers in this country. Just look at how unsuccessful the WPT was a couple of years ago.

Too small a buy-in to have travelling pros attend combined with the fact that €1000+ tournies here are more or less dead without regular sats running that only Stars can maintain. As a result it's a big risk in my opinion. I think if you were to ask any of the regular big buy-in players here their opinion you'd get their preference toward having the tournament unbranded with €100 rake that the WSOP logo attatched for €175.
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Old 10-07-15, 15:36   #10
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Originally Posted by LTL View Post
I'm really unconvinced that the simple branding of a tournament series will have a big effect on numbers in this country. Just look at how unsuccessful the WPT was a couple of years ago.

Too small a buy-in to have travelling pros attend combined with the fact that €1000+ tournies here are more or less dead without regular sats running that only Stars can maintain. As a result it's a big risk in my opinion. I think if you were to ask any of the regular big buy-in players here their opinion you'd get their preference toward having the tournament unbranded with €100 rake that the WSOP logo attatched for €175.
I disagree, I think the WPT a few years exceeded expectations. I think for the main event particularly, a €175 reg would make little to no difference to a €150 reg. The side events with 21.66% rake is where numbers could falter, how important would side event numbers be in the venture? Also, I assume cash games would run as normal as in any festival and the rake would be the usual?
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Old 10-07-15, 15:59   #11
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If it well structured none the regs that play these buy ins is going to skip a WSOP event on home soil IMO.. The big name brand will get players to pay the extra rake 1 week of the year I think just for bragging rights if they were to win a tournament. I would for this anyway because I'd love to say I won something like this. Not all players travel for poker so its there only shot at something like a WSOP. I think it would do well. Possibly more interest as a 1k doe for player's taking one big shot a year. This being it.. GL with it if it goes ahead hopefully so.
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Old 10-07-15, 16:05   #12
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Quote:
Originally Posted by ViperEyeIRL View Post
Reg Fee would be a problem if we had to play an event like this everyday, but I don't think 25€ extra reg fee (on top of std 10%) for a one-off event would really make much difference, the key is to have a nice slow structure though.
+1 The structure would have to reflect the buy in imho. With the right promotion, enough sat's on a different range of sites and a quality "slow structure" there's no reason it shouldn't be a success
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Old 10-07-15, 20:49   #13
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Originally Posted by noname1255 View Post
any gaurantee?
Most likely Not
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Old 10-07-15, 20:52   #14
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Originally Posted by IPBYOUSAY View Post
More info please. Way too Vague!
Really didn't think my OP was that Vague. Only thing that's vague is the amount of the licencing fee but that's private and confidential.

The event itself would run for 10-12 days. Made up mostly of €365 ring events with 2 x €580 ring events and 1 Main Event €1675.
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Old 10-07-15, 20:55   #15
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Originally Posted by PokerPiper View Post
Reg fees are too high imo but I'm sure a lot of people would like to play a WSOP Circuit event regardless. (In truth most rec players don't give a toss about the reg fee)

The smaller buy-in WSOP structures are pretty lame compared to what we are used to on this side of the pond. That would be a big consideration for me. Would they allow you to define the structure ?
Hi Tim,

I would have no say over the structures of the Ring Events as they are standardized globally.
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Old 10-07-15, 20:56   #16
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Originally Posted by robin View Post
Do you think the WSOP brand would attract new players/players who wouldn't normally play that high?

Would you have to run all the satellites yourself or would they be bringing in outside players through satellites (eg through online promotions or satellites elsewhere in Europe?)

I'd probably be in favour of it regardless but I agree that a good structure would make a big difference to my likelihood of playing.
No Guarantee of players from WSOP. It would be up to me to sell it to an online site to get behind it.
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Old 10-07-15, 20:58   #17
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Quote:
Originally Posted by LTL View Post
I'm really unconvinced that the simple branding of a tournament series will have a big effect on numbers in this country. Just look at how unsuccessful the WPT was a couple of years ago.

Too small a buy-in to have travelling pros attend combined with the fact that €1000+ tournies here are more or less dead without regular sats running that only Stars can maintain. As a result it's a big risk in my opinion. I think if you were to ask any of the regular big buy-in players here their opinion you'd get their preference toward having the tournament unbranded with €100 rake that the WSOP logo attatched for €175.
This was my thinking on it originally.
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Old 10-07-15, 21:00   #18
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Originally Posted by Jam-Fly View Post
I disagree, I think the WPT a few years exceeded expectations. I think for the main event particularly, a €175 reg would make little to no difference to a €150 reg. The side events with 21.66% rake is where numbers could falter, how important would side event numbers be in the venture? Also, I assume cash games would run as normal as in any festival and the rake would be the usual?
The WPT ran at a massive loss which is the reason why it didn't return to Ireland.

Personally I'd prefer not to commit 4-6 months of my life to something that could end up costing me €100K.

Yes rake would be normal.

Last edited by JP Poker; 10-07-15 at 21:03.
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Old 10-07-15, 21:04   #19
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Originally Posted by IPBYOUSAY View Post
+1 The structure would have to reflect the buy in imho. With the right promotion, enough sat's on a different range of sites and a quality "slow structure" there's no reason it shouldn't be a success
Structure will be WSOP standard structures and I would have no say over them.
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Old 10-07-15, 21:19   #20
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Quote:
Originally Posted by JP Poker View Post
Structure will be WSOP standard structures and I would have no say over them.
How good/bad are the wsop standard structures for these events as they stand??
would this be a new festival or try to incorporate it into an existing festival, the norweigan festival jumps to mind which would obviously boost player numbers but may turn off the recretional local player tho having an irish only ring event may solve that problem.
The satt system both live and online would also play a massive role in the success of this festival, every pub player in the country would recoginise the wsop brand so be it tru league prizes or straight satts i'd imagine alot of interest in the lower buyin events from these players ....... it would a big undertaking for any operator.
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