Crazy Payout Structure…FTW?
While I was speaking with some of the support staff at Cake Poker to set up our freeroll, they mentioned a few of the different payout structures that they offer for private tournaments…one of these really stuck out to me.
They call this the “Crazy” Payout structure. This basically randomizes the $ amount that is paid out to each finishing position. This means that the winner doesn’t necessarily win the largest amount. The 3rd place finisher can win more than the 2nd place finisher. The 4th place finisher can win more than 3rd place and so on. Below is an example of what the payout structure looks like for one of these tournaments…
- $20
- $30
- $15
- $25
- $55
- $35
- $15
- $30
As you can imagine, this will have some ridiculous implications as far as strategy is concerned. It would be fair to say that you are no longer playing the same poker game when you change the structure like this. This is something that is unique to cake poker.
At certain times, the object might be to be the next person knocked out, so your hand strengths would essentially be reversed. Getting knocked out in 5th might be one of the best options because it is better than getting knocked out in 4th or 3rd. However, getting knocked out in 2nd is worth more than 3rd or 4th. So if you have a lot of chips at that point, it might be best to go for second instead of 5th. If you have a short stack, you might want to think about trying to get knocked out next.
It would be fair to say, that there are going to be a lot of different strategies utilized in a game like this. I could really beat this blog entry to death talking about strategy for these tournaments, but I won’t waste my time. Don’t completely forget about this though, because it’s possible you will see this kind of prize structure in the future, maybe for one of the Big Edge Poker Freerolls. That would really be something…pot limit Omaha with a crazy payout structure? FTW?
Related posts:
- $100 Freeroll for Blog Readers and Authors
- Kamikaze Poker Tournaments
- Doyle’s Room to Join Cake Network
- Double or Nothing SnGs
- Joining the Grind
Categories: General Poker Articles
