Million Dollar Tournament

J

jjinfla

Banned
Inside pool has a nice article concerning the Million dollar Tournament at Ceasar's Palace in Vegas this December.

7 foot tables, single elimination, race to 21.

Contingencies explained if they do not get the 512 players.

But still want the Million dollar payout even if they only have 150 players.

Jake
 
I would love to read the article which is aparently printed in Inside Pool. These guys are spending some major money promoting an event which every pool player I run into does not think will ever take place. However Ceasar's Palace and Diamond Tables are reputable organizations and they must believe in the event or else would not have their names associated with this major shoot-out. When you do the math it just dosen't make sence that this event could possibly be promoted as "By The Players..For the Players". First of all: there is no added money. Second: there is approximately $1.2 million missing between the entry fees and the payout. Third: If you consider this missing money as administration fee it works out to be about $2,350 or almost 25% of the entry fee going to administration. Fourth: No one seems to have heard of the promoters who are apparently from New Mexico. Fifth: the money is said to be held in the Bank of America...what does this mean? ... why is it not in escrow?

I wish them luck and hope this is not just another scam like the last million dollar tournament that was to be held in Reno, Nevada last December. Anyway if anyone can tell me what issue of Inside Pool the article was published in I would love to read it.:cool:
 
Lance:

Won't be going to Schotze's this weekend. Going to Alaska instead. Thanks for replying with the poster and short article from On The Break. I had already seen that info but apparently there is a major article in INSIDE POOL which I would like to review. There is some discussion in that article about a contingency plan if they get less than the 512 players. I hope it also answers some of the points I mentioned in my initial post. You guys are the "Kings of the 7 Ft's"... have you considered entering?:cool:
 
What will happen if (when) they don't get 512? Also, them taking over a million dollars out of the purse, and that is if everything goes as planned, is a joke. If you're one of the people who end up paying a $10,000 entry fee, how do you like knowing that roughly $2500 of that is NOT going into the purse?
 
Ever buy a Lotto Ticket? Do you know that only about a half of the money gets paid out? And even less if you take a lump sum. And the odds of winning a million dollars through the Lotto is about 12.5 Million to one. In the pool tournament the odds are only 512 to 1. And possibly as low as 200 to one.

People run tournaments to make money. DUH.

They do not expect too many pros to enter because the pros do not like the 7 foot tables.

I wonder if Dave Matlock is thinking about entering it. He isn't called the King of the Bar tables for nothing.

The article is in the September Issue.

Jake
 
Harold, hehehe I guess you heard the news then :)
I would love to enter but I just started a new job and holiday time is hard to come by.
do you know if anyone needs a ride to Everett, I have lots of room.

cheers
Lance
 
jjinfla said:
Ever buy a Lotto Ticket? Do you know that only about a half of the money gets paid out? And even less if you take a lump sum. And the odds of winning a million dollars through the Lotto is about 12.5 Million to one. In the pool tournament the odds are only 512 to 1. And possibly as low as 200 to one.

People run tournaments to make money. DUH.

Jake
Click to expand...

Playing in a tournament isn't the same as buying a lotto ticket. I really shouldn't have to explain that to someone who portrays a person who knows something about pool. Taking a quarter of the PRIZE FUND as administrative fees is a joke [DUH].
 
I would also guess that paying $10,000.00 for a lotto ticket to win 1 million even at odds of 512 to 1 would not get a much better turn out than this tournament.

Keith Legros
 
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