At the highest level, poker tournaments display impressive rewards online casino in singapore, quite comparable to the biggest jackpots of slot machines on the net. Recently, Christoph Vogelsang won the Super High Roller Bowl for a prize of $ 6 million. This is one of the biggest poker tournaments ever organized since the buy-in to participate was $ 300,000, just that.
A huge check
Poker can bring in a lot, and this is what Christoph Vogelsang can do today. Having invested, like 55 other players, the pretty sum of $ 300,000 to play an elite tournament, it can now display $ 6 million more in earnings on his CV. The German who won his first title has posted cumulative earnings of $ 14 million since the start of his young career.
Question result, he is used to having the madness of grandeur because he finished third in a $ 1 million tournament in 2014, for which he was rewarded with a gain of $ 4.4 million. Vogelsang is used to competing against the elite in the biggest tournaments. These big tournaments have very experienced players, but the small sample of participants gives a better chance of winning anyway.
Despite the performance, it must be recognized that poker at this level has a fairly misleading image regarding the real gains generated by these players. In the example of Vogelsang, one can say without the slightest doubt that he is not going to take $ 6 million. The reason is simple: it is impossible (or should we say extremely improbable) that he invested $ 300,000 for this tournament. Like 99% of the players, he was paid part of the entry by investors to reduce the variance.
The benefit of absorbing losses
A player who can afford to lose $ 300,000 on a tournament must have tens of millions behind, which is not his case. This is not the case with any player, apart from the wealthy businessman. This is the reason why the winnings displayed by these big tournaments have more promotional value than real. They help catch the eye and admiration of the audience.
The players invest a part of the buy-in according to their money reserve and according to the amount of this buy-in. Playing $ 10,000 cash is possible for many of them, but having to put in $ 50,000, $ 100,000 or $ 300,000 is a whole different matter. In order not to burn your wings, it is essential to absorb losses with “stackers,” that is to say, people who pay part of the entry and who will, therefore, have a return if the player finishes in paid places.
This is how the world of high rollers tournaments work, but it can also be the case for small players, who rely on investors to help them better tackle difficult times. On the French market, two poker rooms dominate, Winamax and Pokerstars, which certainly do not offer a $ 6 million victory but a large selection of interesting tournaments (notably the mini-WSOP on Winamax until July 22, 2017).