WHAT’S A TOURNAMENT WORTH?
By Kenneth R. Smith
Ken Smith hosts the popular websitewww.BlackjackInfo.com and the new site for tournament players www.BlackjackTournaments.com. Ken has written tournament articles for Blackjack Confidential magazine, he appeared in the televised World Series of Blackjack I and in the Las Vegas Hilton Million Dollar Championship II finals. You can subscribe to his free email newsletter for blackjack players at http://www.blackjackinfo.com.
At the beginning of Dan Harrington and Bill Robertie’s excellent book "Harrington on Hold-em", the authors explain why Texas Hold’em is considered the ‘Cadillac of Poker’, a phrase originally attributed to another great of that game, Doyle Brunson. Harrington describes a hierarchy where the styles of poker are ranked according to their relative value to a skilled player. He states that for a skilled player, a $1000 entry into a 7-card stud tournament probably yields somewhere around $2000 in value. Texas Hold’em on the other hand offers more opportunity for skillful play, and as a result Hold’em pros consider a $1000 entry fee event to be worth $4000 to $5000, and in the largest events maybe as much as $8000.
Why all this Hold’em talk in a blackjack tournament column? Well, it just got me thinking about what the comparable numbers for a blackjack tournament might be. Knowing how much profit margin there is in a typical event means that a player can make better decisions about which events to attend, given the ever-present travel and time expenses.
So, how do we go about assessing the value of blackjack tournaments?
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