ISPT Sees €1 Million Guaranteed To WinnerUK Poker Club Underwrites Tournament With €5 Million Prize Pool Needed To Stop Overlay |
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The International Stadiums Poker Tour (ISPT), taking place at Wembley on June 1, 2013, has entered into a deal with UK poker club Dusk Til Dawn which will see the club licence, operate, market and guarantee the event.
Dusk Til Dawn will guarantee €1 million for the winner, taking a maximum of 20 percent out of the prize pool.
This means 16,000 players will need to participate in the €270 + €30 buy in event online on day 1 and 250 players will need to buy in directly to day to at €2700 + €300 – €5 million in buy ins – to avoid an overlay.
Rob Yong, owner of Dusk Til Dawn, said, “Organising the Caribbean Poker Party in St Kitts has whet our appetite for more adventures outside of our four walls. ISPT’s revised format is a lot like a supersized version of our own Grand Prix which is my favourite tournament concept.
“If Wembley is a success, I believe ISPT could be replicated in other iconic venues across the world generating huge prizepools and giving poker fantastic mainstream exposure, just look at Wembley’s official web site – ISPT is alongside the FA Cup Final, Champions League Final and Bruce Springsteen’s Concert.”
“This event is a ‘win win’ for the UK poker community; it will either be a great success with thousands of players, or there will be a massive overlay. To put this guarantee into perspective, DTD’s monthly £300 Deepstack pays £40,000 to the winner– 120 x the £336 buy-in where as the €1 million first prize at ISPT Wembley will be a staggering 3,333 x the €300 buy-in. ”
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