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GGPoker?s GGMasters Overlay Edition Ends With $1.08 Million in Overlay |
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That’s some added value Daniel Negreanu can exhale. On Monday, the GGPoker GGMasters Overlay Edition concluded and while there was a gigantic overlay, Negreanu will not have to foot any of the bill. The $150 buy-in tournament drew 64,622 entries, which is fantastic. The problem ? and GGPoker fully anticipated this, hence the name of…
The post GGPoker?s GGMasters Overlay Edition Ends With $1.08 Million in Overlay appeared first on Poker News Daily.
That’s some added value
Daniel Negreanu can exhale. On Monday, the GGPoker GGMasters Overlay Edition concluded and while there was a gigantic overlay, Negreanu will not have to foot any of the bill.
The $150 buy-in tournament drew 64,622 entries, which is fantastic. The problem ? and GGPoker fully anticipated this, hence the name of the tournament ? was that the poker room guaranteed a $10,000,000 prize pool. Thus, even with so many entries, the generated prize pool was only $8,917,836 ($138 of the buy-in went to the prize pool) and GGPoker was on the hook for $1,082,164.
But again, GGPoker named the tournament the ?Overlay Edition? because it knew that it would not come close to attracting enough players to cover the guarantee. It was all part of the plan. It?s a marketing strategy; draw in players with the insane guarantee and hopefully get them to stay to play other tournaments and cash games.
So where does Daniel Negreanu come in" The poker room?s headline ambassador was so excited about the t...
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News source: Poker News Daily
Publication date: 11-03-2023 16:16
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