{"id":3762,"date":"2016-07-05T22:14:16","date_gmt":"2016-07-05T22:14:16","guid":{"rendered":"http:\/\/www.gamblingwithanedge.com\/?p=3762"},"modified":"2023-06-21T10:58:28","modified_gmt":"2023-06-21T17:58:28","slug":"they-got-it-right","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/they-got-it-right\/","title":{"rendered":"They Got it Right!"},"content":{"rendered":"

There were some major changes to the WSOP that, surprisingly, have gotten little play in the press or on forums. The first is the changing of the payoff structures, including paying 15%, instead of 10%, of the field in all events leading up the Main Event (ME). (In the ME, a minimum 1000 places will be paid.)<\/p>\n

I like the new payout schedule. As a working pro, I like the idea of having a better chance of cashing, thereby replenishing my bankroll and allowing me to enter more events and have more shots at the big score, not to mention the bracelet! For the amateur, cashing in a WSOP is a thrill and a badge of honor of sorts, and doing so will bring amateurs back for more. I both cases, more cashes results in bigger fields and bigger prize pools.<\/p>\n

The only ones I heard who don\u2019t like paying more spots are the biggest pros with the biggest bankrolls who want the top places to pay more and don\u2019t care about small cashes. Sorry, can\u2019t please everyone. If they want more action, there are plenty looking for last longer or bracelet bets.<\/p>\n

If the money is all concentrated at the top, it wlll often leave the poker community in one way or another. Taxes play a big part. So do gambling “leaks,” like pit games, sports betting, etc. Or some just take the big score and find something else to do with it. (This brings up a great story about Norwegian Thor Hansen, one of the first foreigners to attend the WSOP back in the \u201880s. He won a WSOP event with a sizable first place, and in the interview was asked what he would do with the money. \u201cI\u2019ll pay off some people I owe\u201d, he said. \u201cWhat about the rest\u201d, he was asked. \u201cThey\u2019ll just have to wait\u201d, was his reply.<\/p>\n

Some players look at it as a scheme by management to extract even more rake from players by churning the money. That\u2019s silly! Rake is part of modern poker. If you don\u2019t like, don\u2019t play, it\u2019s not going away. If the Rio makes more, the WSOP will to thrive. It\u2019s a symbiotic relationship, like it or not.<\/p>\n

The one detriment to the new payout schedule, I guess, is that is messes with the WSOP record book. While not vitally important, WSOP records are a way of keeping score, and old timers on the all-time cash list, including me, will be passed up in short order. Nobody said poker is fair!<\/p>\n

The other change is in the playing structures. There has been an ongoing issue over the years between players who play a lot of events and don\u2019t want to waste of lot of time and energy on early levels that don\u2019t mean a whole lot, and players who, for whatever reason, think they can gain a big edge at the early levels, or players who play few events and want the ones they do play to last longer.<\/p>\n

Prior to this years, most events lasted four grueling days, and sometimes took a fifth to finish. Especially in the limit events, the early levels were essentially meaningless, and in some the money wasn\u2019t reached until late in the second day. For those who want to play a full schedule of events, this was a tremendous waste of time, energy and opportunity. The MO for most pros was to enter the limit events after four or even six levels, The problem was that most of the inexperienced amateurs played from the start and were broke or close to it by that time. So, to get a shot at that money required playing from the start and making for a lot of very long days.<\/p>\n

This year, the new structure starts out at higher, more significant limits. Playing from the start now means something. Players are usually in the money early the second day, In no-limit events, many players feel the tournament starts when the antes begin. This is when real tournament skills kick in. In past years that didn\u2019t happen until the 5th level. This year antes start in the 3rd! Many NL events are in or very near the money on the first day.<\/p>\n

Perhaps more importantly, most events are finishing in three days. Some require a fourth, usually heads up, but I don\u2019t think those players mind. I think three full days is long enough to let the best players excel, while still giving amateurs a shot at getting deep. Older players, like me, who have or were considering abandoning the WSOP because it\u2019s just too exhausting, feel like we\u2019ve got a new lease on playing, at least for a few years. I had an 80-year-old at my table the other day, and ran into 82-year-old Howard \u201cTahoe\u201d Andrews, who started at the WSOP in 1974, in another event. The old-timers who helped build the WSOP into what it is today should still be a big part of the scene, and it\u2019s great to see them coming there.<\/p>\n

Even the ME has moved levels up a bit, with antes starting at the 3rd instead of the 4th level, but the starting stacks were increased form 30K to 50k, so it\u2019s still going to be a very long slog to the November Nine. With the extra chips, it might even take longer than previous years.<\/p>\n

The modern WSOP management is focused on making the WSOP better for everybody. They listen to player\u2019 complaints (at least the constructive ones) and suggestions, and factor them into their decisions. Some of the things they have done I don\u2019t fully agree with, but this year I think they got it right!<\/p>\n\"Facebook\"<\/a>\"twitter\"<\/a>\"youtube\"<\/a>\"instagram\"<\/a>","protected":false},"excerpt":{"rendered":"

There were some major changes to the WSOP that, surprisingly, have gotten little play in the press or on forums. The first is the changing of the payoff structures, including paying 15%, instead of 10%, of the field in all events leading up the Main Event (ME). (In the ME, a minimum 1000 places will […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[685],"tags":[208,664,659,661,245,663,656,653,655,662,660,238,654,145,658,657,200,210],"yoast_head":"\nThey Got it Right! - Gambling With An Edge<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/they-got-it-right\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"They Got it Right! - Gambling With An Edge\" \/>\n<meta property=\"og:description\" content=\"There were some major changes to the WSOP that, surprisingly, have gotten little play in the press or on forums. The first is the changing of the payoff structures, including paying 15%, instead of 10%, of the field in all events leading up the Main Event (ME). (In the ME, a minimum 1000 places will […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/they-got-it-right\/\" \/>\n<meta property=\"og:site_name\" content=\"Gambling With An Edge\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/lasvegasadvisor\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-05T22:14:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-21T17:58:28+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@lva_tweet\" \/>\n<meta name=\"twitter:site\" content=\"@lva_tweet\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/#website\",\"url\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/\",\"name\":\"Gambling With An Edge\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/they-got-it-right\/#webpage\",\"url\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/they-got-it-right\/\",\"name\":\"They Got it Right! - Gambling With An Edge\",\"isPartOf\":{\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/#website\"},\"datePublished\":\"2016-07-05T22:14:16+00:00\",\"dateModified\":\"2023-06-21T17:58:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/#\/schema\/person\/93fac9ab8f32c7c3873ceb8cecc4aca6\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/they-got-it-right\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/they-got-it-right\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/they-got-it-right\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"They Got it Right!\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/#\/schema\/person\/93fac9ab8f32c7c3873ceb8cecc4aca6\",\"name\":\"Blair Rodman\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/uploads\/2016\/07\/GWAERodman3Avatar.jpg\",\"contentUrl\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-content\/uploads\/2016\/07\/GWAERodman3Avatar.jpg\",\"caption\":\"Blair Rodman\"},\"url\":\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/author\/blair-rodman\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","jetpack_featured_media_url":"","jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/posts\/3762"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/comments?post=3762"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/posts\/3762\/revisions"}],"predecessor-version":[{"id":3765,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/posts\/3762\/revisions\/3765"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/media?parent=3762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/categories?post=3762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/wp-json\/wp\/v2\/tags?post=3762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}