please explain wsop me prize pool

[stylez09 0]

Looking at the information on cardplayer.com it states that there are:5619 entries for a $10,000 buy-inThe prize pool should be at $56,190,000Why is the prize pool listed for the main event "only" $52,818,000?Am i missing something here? Isnt the buy in actually $10,000 + $500 of which Harrahs is making a very nice return ($500 x 5619 entrants). Why is there an additional 3+ million taken off the prize pool? Also, last year there were 2500+ entrants and first place took a health 5 million. This year, there is more than double that, yet first place takes only 50 percent more than last year. Shouldn't first place get at least 10 million? All I can say is that these casinos/organizations hosting these multi-million dollar tourneys are making great returns. Harrah's will still get a nice chunk off the first prize since the tip is usually about 3% or in this case $225,000. Someone please englighten me :-)

[zimmer4141 0]

First of all, Harrah's takes their cut out of the $10,000, so only like $9600 or $9500 goes into the prize pool. As for the 1st prize, they had to pay out twice as many prizes, so there was no way they could keep 1st place at 20% of the prize pool.

[stylez09 0]

Oh, I thought that the full 10k went into the prize pool, and an additional 500 or so went straight to Harrahs.

[pipes42 0]

Oh, I thought that the full 10k went into the prize pool, and an additional 500 or so went straight to Harrahs.

they made all of the events this year entry fee included, so the 1500 dollar events weren't actually 1500 but 1350 or something + entry fee. Just to make the overall number smoother or something is what I recall reading, one of the pros (online or live) blogs mentions that this is good, don't remember who though. Yeah, so just do the math and you can see how much is actually going to prize pool and to entry fee.

[cashinnow 0]

I have a real problem with 3rd places payout! Last year Josh recieved 2.5 mil for 3rd, this year, twice as many players, 3rd place is still 2.5 mil. That doesn't seem to right to me, I realize there are more spots to be paid out but 560th place was a payout of $12,500. Why wasn't it even money at the bottom and more cash up top???

[stylez09 0]

I have a real problem with 3rd places payout!  Last year Josh recieved 2.5 mil for 3rd, this year, twice as many players, 3rd place is still 2.5 mil.  That doesn't seem to right to me, I realize there are more spots to be paid out but 560th place was a payout of $12,500.  Why wasn't it even money at the bottom and more cash up top???

I totally agree with you. It doesnt seem fair that a player who beats out twice as many people gets paid the exact same. I think it may be due to the fact that Harrah's and ESPN wanted the entire final table to make at least one million dollars. Do you think it would have been better to only pay lets say the top 400 in order to increase the amount of the top 4-5 players prizes? Or would this be unfair since the percentage of cashing is less than 10 percent.

[pokerloser 0]

It was not 10,000+500, just 10,000 even.http://video.cardplayer.com:8080/video/vid...o/071005_10.wmvThe following percentages will be withheld from Buy-In for each event: (Buy-in/Tournament staff/House) ($500.00/3%/7%) ($1,000/3%/6%) ($1,500/3%/5%) ($2,000/3%/5%) ($2,500/3%/5%) ($3,000/3%/5%) ($5,000/2%/4%) ($10,000/2%/4%) -Harrah's Management reserves the right to change or cancel any event at any time. All events will be held at Rio Suites with the exception of the final 2 days of the WSOP Main Event which will be held at The Horseshoe Downtown, Las Vegas.