Monday, November 20, 2006

Questions To Ask When You Are Playing In A Charity Poker Tournament

I assume those who are reading this blog are interested in playing in charity tournaments both to support a charity, and to win some money.

With the recent lift of the cap on top prizes, some charities are changing how they operate their tournaments, so that the charity continues to net the same amount of money for each tournament. Here's what to be aware of:

1. How much of the entry fee is going to the prize pool? There is no state regulation of this percentage. Some charities contribute less than 50% of entry fees to the prize pool, while I have played in other tournaments were the amount of the entry fee contributed to the prize pool was 75-80%.

2. What does the charity do with "add on" charges? If the charity has an optional add on during the tournament, you should inquire as to whether this amount is also added to the prize pool. It is likely not added to the prize pool, but instead used to increase the charity's revenue for the event. And that's not necessarily a bad thing, but something you should be aware of.

Saturday, November 11, 2006

Greektown Casino Is First Michigan Casino To Debut Dealer-Less Poker Tables

Greektown Casino is set to debut dealer-less poker tables, in order to reduce dealer-employee costs (and presumably increase casino profits) and increase the speed of play. The tables are expected to appeal to Generation Y, who are not married to the idea of a live dealer.

Removal Of Limits On Top Prizes Benefits Charities

A news story from the Grand Rapids Press indicates that the removal of caps on top prizes in charity poker tournaments increases the revenues to the non-profits running the tournaments

Sunday, November 05, 2006

Changes In Charity Poker Tournaments

The State of Michigan has recently amended its regulations for charity poker tournaments.

Previously, the maximum prize to any one participant was $500. Now, however, maximum prizes are unlimited.

However, the prizes are essentially capped because the maximum amount that may be collected by a charity under the Millionaire Party License (which covers Hold 'Em) is $15,000. Out of that $15,000, prizes must also be paid to participants, presumably, so that limit essentially caps the top prize.

Friday, November 03, 2006

Welcome

This blog will discuss the status of poker in Michigan, with a focus on Texas Hold 'Em. I will discuss charity tournaments (which are licensed by the State of Michigan), as well as the poker rooms in Detroit and Windsor casinos.

I hope you enjoy, and feel free to contribute. . .