(Hereafter referred to as “Slice Points”)
These “Slice Points” would be earned during daily cash games.
After the accumulation of “X” amount of “Slice Points” they can now be redeemed at tournament entry.
During buy in, the bettor pays cash for entry and then redeems “slice points” for a reduction on the house rake.
ONLY the bettor/s who redeem their “Slice Points” will receive a new adjusted rake.
If those bettors don’t cash, those points are exhausted, and the bettor must go back to play cash games to earn more “Slice points” for the next tournament.
When a player uses their slice points to alter the house rake, the new modified rake would be used to calculate a new pay table
This new pay table would ONLY apply to:
– Bettors who redeemed their “Slice Points” at buy in
– All other Bettors will be cashed out using the original pay table
FOR EXAMPLE:
A poker tournament costs $100 to enter, and 100 people enter the tournament which creates a gross pool of $10,000. The house take out rate is 20% from this pool ($2000) which leaves $8,000 to be distributed to the winning players in the tournament.
The net pay table looks like this:
33% 1st place = $2,640
20% 2nd place = $1,600
12% 3rd place = $960
8% 4th place = $640
7% 5th place = $560
6% 6th place = $480
5% 7th place = $400
4% 8th place = $320
3% 9th place = $240
2% 10th place = $160
= $8,000
In that same tournament, Mr. Bettor A decides to utilize his “Slice Points” He spends 10 points to change the house take out rate from 20% down to 10%. This changes the net pool from $8,000 to $9,000 for Mr. Bettor A ONLY.
His personal net pay table now looks like this:
33% 1st place. = $2,970
20% 2nd place = $1,800
12% 3rd place = $1080
8% 4th place = $720
7% 5th place = $630
6% 6th place = $540
5% 7th place = $450
4% 8th place = $360
3% 9th place = $270
2% 10th place = $180
= $9,000
By allowing the customer to manipulate the house rate dramatically increases the pay table, and increases customer intrigue exponentially.
The comparison of these pay tables looks like this:
PUBLIC
PAY TABLE
33% 1st place. = $2,640
20% 2nd place = $1,600
12% 3rd place = $960
8% 4th place = $640
7% 5th place = $560
6% 6th place = $480
5% 7th place = $400
4% 8th place = $320
3% 9th place = $240
2% 10th place = $160
= $8,000
“SLICE POINTS” MODIFIED
PAY TABLE
33% 1st place. = $2,970
20% 2nd place = $1,800
12% 3rd place = $1080
8% 4th place = $720
7% 5th place = $630
6% 6th place = $540
5% 7th place = $450
4% 8th place = $360
3% 9th place = $270
2% 10th place = $180
= $9,000
HOW IT AFFECTS THE HOST IF POINTS CASH
33% 1st place. = $330
20% 2nd place = $200
12% 3rd place = $120
8% 4th place = $80
7% 5th place = $70
6% 6th place = $60
5% 7th place = $50
4% 8th place = $40
3% 9th place = $30
2% 10th place = $20
= $1,000
You can see the dramatic difference in the pay table for this particular player. Of course, the player must “cash” in the tournament to benefit from the new pay table. If the customer spends “Slice Points” on a tournament and doesn’t cash, he will have wasted his “Slice Points.”
The poker room operator is accustomed to rewarding its customers. This patent is another way for the operator to reward its customers based on their live play. The operator can determine the number of points they award based on the amount of time the customer plays in their live cash games. The poker room operator can be as aggressive as they like with this promotion.
What is great for the poker room operator, is that the customer will be playing more live cash games to accumulate more “Slice Points” for tournaments, which will also encourage them to buy into more tournaments. If the customer does not cash in the tournament, the reduction in his take-out rate is of no consequence to the operator.
The end result for poker room operators is more live play and more tournament buy-ins.
