Re: Party's Steps tourneys -- rake analysis

"D" <thisisntmyreal@[EMAIL PROTECTED]
> wrote in
news:au_vd.198205$V41.41253@[EMAIL PROTECTED]
 

> On the face of it, the Steps tournaments at PartyPoker don't look like
> a very good deal, at least at the lower levels.  You are locking your
> money into a multi-tiered satellite structure where it will be raked
> every step of the way.  I haven't seen anyone else crunch the numbers,
> so for those that are interested, I thought I'd analyze just how bad a
> deal it is. 
>

[snip analysis of how PP takes 72% of the money]

And this is worse than ten players sitting down with $100 each
at a 3/6 game, raked at $3/hand until the money is gone, in what way?

People paying $11 don't care about the rakes.  They're just trying
to parlay a toothpick into a lumberyard.