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Originally Posted by brofriend
The house is keeping way too much money in the poker fundraisers. The companies running these are making 5-10 thousand per day. a 200 player tournament with a 150 buy in pays out 12k but collects 30k. I can see a charity making a few thousand but this is redicoulous. Also in Mass licensing is becoming more difficult. These tournaments for some reason are very popular and are making a few companies very rich.
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I agree. Payouts are way too low. Nothing you can do about it though. Except for running these companies out of business by offering a cheaper product yourself. Or, just don't play them. The poker hype is making these companies a lot of money. Good for them.
P.S. Non-fundraiser tourneys take way too much overhead as well. I see it all the time. Hosting tourneys is more profitable than playing them. If you can remain under the radar of your local police...