INDIA POKER SERIES – CHAPTER 4 FROM 14th TO 16th JANUARY 2011 AT CASINO ROYALE

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    • #23933

      INDIA POKER SERIES – CHAPTER 4 FROM 14th TO 16th JANUARY 2011
      Texas Hold’em Poker Tournament at CASINO ROYALE GOA

      After the grand success of India Poker Series events in 2010, Ways2Events announces IPS Chapter 4 under the aegis of Casino Royale Goa, which would be held from Friday the 14th of January to Sunday the 16th of January 2011 at Casino Royale Goa.

      Day 1 – Friday 14th January 2011 – 5K Re-Buy Tournament
      Day 2 – Saturday 15th January 2011 – 10K Freeze-Out Tournament
      Day 3 – Sunday 16th January 2011 – 5K Freeze-Out Tournament

      For Enrollment please go to http://www.indiapokerseries.com/enrollment.aspx

      Full schedule of India Poker Series – Chapter 4

      Day 1 – Friday 14th January 2011
      6:00 pm – Satellites would commence. Read Notes on Satellites below for details.
      7:00 pm – Registration begins for 5K Re-Buy Tournament
      8:30 pm – Registration ends for 5K Re-Buy Tournament
      8:45 pm – 5K Re-Buy Tournament begins

      Day 2 – Saturday 15th January 2011
      6:00 pm – Satellites would commence. Read Notes on Satellites below for details.
      7:00 pm – Registration begins for 10K Freeze Out Tournament
      8:30 pm – Registration ends for 10K Freeze Out Tournament
      8:45 pm – 10K Freeze Out Tournament begins

      Day 3 – Sunday 16th January 2011
      6:00 pm – Satellites would commence. Read Notes on Satellites below for details.
      7:00 pm – Registration begins for 5K Freeze Out Tournament
      8:30 pm – Registration ends for 5K Freeze Out Tournament
      8:45 pm – 5K Freeze Out Tournament begins

      Note: For blinds structure details visit http://indiapokerseries.com/typical-blinds-levels-structure.aspx

      For Enrollment please go to http://www.indiapokerseries.com/enrollment.aspx

      Your names would then be put on the Guest List. Those who participate in the event would get access on board the Casino Royale Goa and the entry fee for the same of Rs 3,500 would be waived off as their names would be their in the Guest List.
      Please reach the jetty a bit early as there is a rush to board the same by regular Casino guests and tourney players and feeder boats leave only at every 15 odd minutes interval.

      NOTES ON SATELLITES:-
      1. All Satellites would either be Turbo Satellites or One Hand Satellites (Bolt).
      2. Satellites would commence 6 PM onwards.
      3. The last turbo satellite would start at 7:30 PM.
      4. One hand satellite for the same days event would be there from 6 Pm till 8-15 PM.
      5. Satellites would commence whenever there are 10 players ready. Please register your names for the same with our representative there.
      6. Satellites would be held subject to availability of dealers.

      14th January 2011
      One Hand Satellite – Rs 500 buy-in, subject to 10 players. Entitles you to a seat for the 5K Re-buy Tourney.
      The turbo satellite would be of 2000+200 buy-in for satellite where it gives entry on all 3 days.

      15th January 2011
      Satellites for 10K event of 15th January 2011 would begin after two hours of play of Day 1 event and when there are 10 players ready.
      Buy-in is 1000+100 (for entry into Day 2) with 10 players per table for Turbos and also 1500+150 (for entry into Day 2 and Day 3). Also One Hand satellites with a buy-in of Rs 1000 for entry into Day 2 event would be conducted.

      16th January 2011
      Satellites for 5K event of 16th January 2011 would begin after one hour of play of Day 2 event and whenever there are 10 players ready. Only One Hand Satellites with a Buy-in of 500 would be conducted.

      For further queries please contact:-
      INDIA POKER SERIES
      Bharat Agarwalla
      +91 9836990000
      [email protected]
      http://www.indiapokerseries.com
      ————— WE HAVE THE BEST HAND !!! —————

    • #29593

      India Poker Series in association with PokerGuru proudly announces a satellite for the forthcoming IPS 4 to be held at Casino Royale, Goa at 888 Poker on 2nd January at 6pm IST. The satellite guarantees a $900 package including travel, accommodation and buy-ins for all IPS Chapter 4 events. Click on the link to read details/formalities – https://pokerguru.in/poker-forum/freerolls-promotions/pokerguru-ips-chapter-4-satellite/

      Brief details are as under:-

      Buy-in: $20 + $2

      The package for the winner:

      1. $ 240 will be awarded following the satellite tournament towards travel expenses to the package winner.

      2. Buy-in towards all 3 events including a Re-buy or Add-on for Event 1 all including worth $ 550.

      3. Accommodation will be arranged by IPS for the winner of the package for the entire course of the tournament series for 3 nights against which the remaining $110 shall be adjusted.

      For every 45 registered players one IPS Chapter 4 package is guaranteed. Minimum 1 package guaranteed!

    • #29597
      Hot.Cocoa
      Member

      good to hear. I attended your chap-3 event, and have a couple of suggestions/requests.

      1) 30 minute levels please. (international standards are at 90 minutes)

      2) Initial structure moves forward at breakneck speed. And when you start with only 50-70bbs, it ruins the relatively better structure in later stages. Please add two additional blind levels in the starting stages. Something like

      50 – 100
      100 – 200
      150 – 300
      200 – 400

      250 – 500
      300 – 600
      400 – 800
      500 – 1000

      600 – 1200
      800 – 1600
      1000 – 2000
      1200 – 2400

      ……would be great.

      3) Rake on rebuys is excessive. Rake the initial buyin and the addon(if you must)

      4) More lower denomination chips in the starting stack. Making change every other hand really slows down the game.

      See you at the tables.

    • #29598

      Sir
      Thanks for the views.
      We have noted all points and will be forwarded to the team handing it.
      Our instant views to your points are
      1. Our initial levels are 30 minutes for an hour and later its 24. The reason we cannot have it longer is because in the past our observations have been that each tourney has lasted 9-10 hours. The dealers get exhausted and so do the players at the end of the period. Also we organisers have to spend more time before the start and after the end so we get taxed the most. We would require our players to appreciate these limitations. Besides that you will also notice that a tourney is expected to last 7 hours plus minus 1 hour. So the time duration is quite healthy.
      2. The blind structures at IPS is already tabled on our site and the speed is not breakneck. Our research and experiments have made us feel that these time schedules and blind levels are fine. But even then we shall relook into it. Incidentally we dont start with 50-100 but with 25-50. So if you relook at our structure you will realise we have made a fairly good structure.
      3. Rake on the rebuy is kept at the entire collection after a lot of thinking. The reason is that the buy-in is small and the collection is nothing much. But the costs going into the entire day is quite high. Take for example, we not only get the tourney players snacks, house drinks, red bull, coffee/tea and dinner but also the entry to the ship which has a cost burden of Rs 3500 on it to be totally complimentary. The Govt of Goa takes a tax of Rs 2000 per person and the costs for snacks and drinks and dinner is approx Rs 1500. The costs towards the infrastructure and the dealers and et al are additional. We would have loved to just take admin fee on the Initial Buy and the Add On but we need to ensure that costs are met and there is no loss. In course of time when the buy ins increase or the number of players crosses 150 or 200, we may be able to implement your suggestion but as things stand now, it seems exceedingly difficult. But we shall surely keep it in mind and try to do it earlier. Please bear with us till then.
      4. We have to distribute the chips in such way that we do not fall short of them at any point of time. We have always tried to give more smaller denomination chips but again these are certain limitations at the beginning of things. As tourney catch on, we shall increase our inventory. DO note that the tourney chips are different from the cash chips so a separate set is there. We ourselves feel that the lesser time wasted in exchanging chips, the faster the game is conducted and hence we save time. We can ultimately save upto 15 minutes in each tourney and that is quite a bit. Over a 9 hour period which is 540 minutes, if we save 15 minutes then its 3%. DO note that the chip exchanging problem comes only during the first hour or hour and half and after that there is enough chips floating as some players are knocked out.
      Sir, can I have your name?? Here we can just see your log in name and not real name.

    • #29609
      Hot.Cocoa
      Member

      My apologies. I mistook IPC and IPS as one and the same.

      I’ve played IPRT, Aces unlimited, and IPC, but never IPS. Hoping to fix that this time.

      I did take a look at your blind structure. Its much more reasonable than the IPC event, but you will still notice that most of the blind increases in early stages are 50% and 100%, while later stages are more around 25%. 50-100% is pretty much breakneck speed. Adding a few levels in between does not necessarily mean that the tournament will take that much more time to finish.

      Basically what is the point of having a reasonable structure late stages when players get there with a 10bb avg stack. Also please dont allow a 10 handed tournament like IPC did last time(even for their flagship event). That was pretty ridiculous.

      The one good thing IPC did was remove antes. Antes in a relatively fast paced structure only serve one purpose. reduce the number of hands dealt per level. If you had 25% blind jumps all through with 60-90 minute levels, then 25-30% of the sb antes would have made sense.

      As for the rebuy rake, thats your decision. Obv I hate it, so I will limit myself to the other events.

      See you in Goa,
      Best of luck in the meanwhile.

    • #29611
      sandysb
      Member

      @ hotcocoa all poker tournaments in Goa generally go on for 8-9 hrs. With your suggestions every event will have to be a 2 day event. I think the events ur talking about are the wsop and wpt events which have a buyin of 5000$ or more.
      Please check the formats of all regular tournaments in Macau or any other destination, they have to all end in 1 day. No structure is perfect and it will never will be, but its important to understand the format and play accordingly. I might have an issue with the wsop main event format also but as you said we have the choice of playing the events we wish to and skip the ones we don’t want to play.

      Please put up a structure and the time you think it will take to finish that event. That might be more helpful..

      cheers..

    • #29613

      Hot.Cocoa

      The structure you are refering to is at the link http://indiapokerseries.com/typical-rebuy-structure.aspx
      Please note that the initial period when the blinds increase at 100% are when the levels are of 30 minutes and at that time the re-buys are on and stacks are keeping on increasing as people are rebuying. When we reduce it to 50%, the add on chips are added which are a heavy increase on the stacks again. After that when the clock is 20 minutes each, the rate is approx 33% or 25% or so. The IPC tourney you refer to where there are no antes, the blinds are faster to check the same.

      An average tourney of ours lasts 8-9 hours as pointed out by Kripper which can be seen from our past reports. Its quite healthy for an event to last 7-8 hours where the buy ins are so low as $100 or even $ 500. After doing a lot of R&D we have been able to devise this structure add to it the past 20 years experience of our Tournament Director Mr Craig Wildman who has played the WSOP and WPT etc etc.

      The costs are quite heavy to run an event and we feel that if we let our tourneys run for longer period than 9-10 hours then the players, dealers, and organisers and other staff members of the venue would be exhausted after Day 1 and wont have enough energy for Day 2 and Day 3 as also the costs would go up further and result in a major loss for us organisers and also CR.

      We have discussed time and again with seasoned players whi play tournaments abroad on a regular basis and the outcome of such discussions are the same – that no one has been able to devise a structure for us where an event last 8-9 hours and the blinds are less aggressive.

      Re-buy tourneys being raked for rebuys, add ons are only for the reason so that the costs are met and losses are not incurred. The buy in is low at Rs 5000 and after all buy ins, re-buys, and add-ons, the prize pool is typically what it is for a Rs 12,000 to Rs 15,000 Freeze out. In fact after the re-buy period ends the game continues like a freeze out. In a freeze-out the admin costs are taken at 10% on the full pool. So when you do a comparison, you will realise that what we have worked out is very similar to a 12-15K freeze out. At the end it tantamounts to the same thing.

      I know my answer are all “defensive” in nature and am just defending our system of admin fee (rake). I wish we could lower the rake but its just not working out practical to do so as whenever we do a dummy run and do a “compare”, the results are similar to a freezeout of a 2.5 or 3 times larger buy in freezeout event in every respect – time duration of event, chip stack, collection for prize pool etc etc. Intensive research has been done we have zeroed in on this formula.

      Once you consider all these points then you shall also be inclined to agree with us and then not restrict yourself to the Freeze-Outs but also play the Re-buy events. Also the rake on rebuys are only a small dent on the total prize pool which need not be a deterrent. If you look at the statistics you will notice, all it makes is a difference of 2 to 2.5% to the prize pool which is a very petty amount for the prize pool (90 becomes 92.5) but for us is a huge as its 2.5 out of 10 which makes it 25%.

      Please appreciate our limitations and help us tide this. If you still genuinely feel we charge a very high rake then please point it to us again.

      Thanks for the inputs from you side, appreciate it a lot. These inputs help us re-run our calculations.

      Do also let me know what your name is, I shall be on board and we can discuss things face to face once again.

      Regards

      Bharat Agarwalla

      My apologies. I mistook IPC and IPS as one and the same.

      I’ve played IPRT, Aces unlimited, and IPC, but never IPS. Hoping to fix that this time.

      I did take a look at your blind structure. Its much more reasonable than the IPC event, but you will still notice that most of the blind increases in early stages are 50% and 100%, while later stages are more around 25%. 50-100% is pretty much breakneck speed. Adding a few levels in between does not necessarily mean that the tournament will take that much more time to finish.

      Basically what is the point of having a reasonable structure late stages when players get there with a 10bb avg stack. Also please dont allow a 10 handed tournament like IPC did last time(even for their flagship event). That was pretty ridiculous.

      The one good thing IPC did was remove antes. Antes in a relatively fast paced structure only serve one purpose. reduce the number of hands dealt per level. If you had 25% blind jumps all through with 60-90 minute levels, then 25-30% of the sb antes would have made sense.

      As for the rebuy rake, thats your decision. Obv I hate it, so I will limit myself to the other events.

      See you in Goa,
      Best of luck in the meanwhile.

    • #29614

      Kripper

      We do our best to make a format for such buy in events which range from $100 to $500. After all we need to ensure we have it run for 8-9 hours average which is fine for small field size like we have in India and also the small buy in. You have summed up things perfectly.

      Also we are always open to suggestions and ideas. But keeping every happy becomes difficult. We land up with some one or the other being dissatisfied. We try our level best to make a format which is appreciated by most ppl in general. Our efforts are there to make more and more people happy with the structures.

      Thanks for arguing it out on our behalf. I guess you made me also realise a point which I had missed out – that the events which run longer than ours have a larger buy in than just 100 or 200 or 500 USD and so such events have to run longer. But there are limitation on that again….dealers have limited capacity and cant run it continuously for more than 10 hours at a go.

      Regards

      Bharat Agarwalla

      @ hotcocoa all poker tournaments in Goa generally go on for 8-9 hrs. With your suggestions every event will have to be a 2 day event. I think the events ur talking about are the wsop and wpt events which have a buyin of 5000$ or more.
      Please check the formats of all regular tournaments in Macau or any other destination, they have to all end in 1 day. No structure is perfect and it will never will be, but its important to understand the format and play accordingly. I might have an issue with the wsop main event format also but as you said we have the choice of playing the events we wish to and skip the ones we don’t want to play.

      Please put up a structure and the time you think it will take to finish that event. That might be more helpful..

      cheers..

    • #29624
      Hot.Cocoa
      Member

      I’m glad you are receptive to suggestions. I suppose I have to give you the benefit of doubt, because I havent played your series yet.

      Poker players dont ask for much. If you say that your events( with your structure) have experienced (I hope you have tracked this) an average stack of atleast 30bbs for a majority of the levels, then I have no complaints. On the other hand, if you say that your have recorded 8-12bbs avg stack for a lot of the levels, and you are not tweaking your structure to fix that, then that would be unfortunate.

      The proof is in the pudding.

      I wish you the best of luck.

    • #29625

      Hot.Cocoa (considering that even after my 3rd request you prefer to hide your identity)

      I think the proof of the pudding is in the eating. We wont be able to change much of the structure just to increase the blinds in the hands of the players at stages suggested by you, because the tournament would get elongated to beyond 9 or 10 hours.

      Also our structures which are shown on our website and also the reports of the tourney durations indicate that we have the structures fairly well in place.

      I’m glad you are receptive to suggestions. I suppose I have to give you the benefit of doubt, because I havent played your series yet.

      Poker players dont ask for much. If you say that your events( with your structure) have experienced (I hope you have tracked this) an average stack of atleast 30bbs for a majority of the levels, then I have no complaints. On the other hand, if you say that your have recorded 8-12bbs avg stack for a lot of the levels, and you are not tweaking your structure to fix that, then that would be unfortunate.

      The proof is in the pudding.

      I wish you the best of luck.

    • #29679

      IPS 4 – An Update from the News Desk

      We have got over-whelming response for the IPS 4 to be held from 14th to 16th of January 2011. We are contemplating of closing the enrollment for 14th and 16th January though currently we are taking in enrollments.

      Requesting you all visit our website and enroll if you are interested to participate. Currently all 3 days are open and if we close down enrollment in the next few days then it would be just for the 14th and 16th, and NOT for the 15th. Enrollment link is http://www.indiapokerseries.com/enrollment.aspx

    • #23934

      Countdown to IPS 4 is on and its just 6 days to go. Time to ensure you have your enrollments done. We have just 90 seats on each day which we have increased to 100 this time and a few extra seats for late entrants and alternates which will be taken only for the first one hour.

      The latest from IPS is that the January event has got amazing response and we may be forced to shut further enrollments and those who wish to enroll should do so immediately and ensure they reach the tournament hall a little early to avoid disappointment.

      Regret this situation which is beyond our control as the tourney hall capacity is limited and we have to work within those limitations. We appreciate the patronage you all have shown to IPS for January 2011 event which is IPS 4.

      Our IPS 5 shall be held from 4th to 6th of March 2011.

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