PokerStars Releases PSPC Details
PokerStars has a pretty well-diversified portfolio of products, so it probably doesn’t need to sweat any one offering (unless, somehow, cash games collapsed). I’ll tell you what, though, the world’s largest online poker room has been really riding the hype train on this PokerStars Players Championship (PSPC). The marketing for it has been going on, what, around a year now, with Platinum Passes being doled out online and at live events for the $25,000 buy-in tournament. We know that the tournament will be held in the Bahamas at the PokerStars Caribbean Adventure in January 2019, but other than that, the details of the event have been hazy. Until now. Recently, PokerStars made with the goods, laying out how the PSPC will be structured, as well as explaining how it arrived at its decisions.
The PSPC Basics
PokerStars had already determined that the PSPC would be a five-day freezeout, No-Limit Hold’em tournament. For the rest of the structure, it solicited feedback from Platinum Pass winners, players it thought would buy-in directly, and followers on social media. Total votes for different options were looked at, as were weighted averages (so that social media votes didn’t overwhelm the results). In a blog post, Danny McDonagh added that he also consulted with PokerStars’ Director of Live Events, Marta Norton, PSPC Tournament Director Mike Ward, PokerStars LIVE staff, and a quintet of poker pros: Maria Konnikova, Daniel Dvoress, David Peters, Shaun Deeb and Dragos Trofimov.
Survey results indicated that players were pretty split on whether tables should be eight or nine handed, though direct buy-in players favored eight handed significantly more. So, of course, PokerStars decided to start the tournament nine-handed and switch to eight-handed by Day 2.
Players were overwhelmingly in favor of an eight-hour day versus a ten-hour day, so that’s what it will be. Players also wanted a dinner break, but PokerStars will not offer one on Days 1 and 2 and will only evaluate the situation from there.
Now It Gets More Complicated
Even though PokerStars didn’t go with exactly what the players wanted, it sounds like the basics were pretty easy. Then came payout structure. Players wanted the standard 15 percent, so that’s what PokerStars will go with for the PSPC, but because no rake will be taken, the extra money that would have normally gone to rake will be used to allow more players to break even. The example given was if there are 700 players, an extra 20 players will make $25,000.
Then McDonagh got to the prize pool breakdown. I’ll just quote him:
Players favoured 17% to 19% of the prize pool for first place, followed by 15% to 17% based on 600 to 900 players. However, it also became very evident from the round table discussion that we need to slightly flatten the prize pool structure at the top, given the $1 million added to first place.
This is what the PSPC will award*:
600 players: 1st place 17.5% which equates to $2,495,325
750 players: 1st place 17.05% which equates to $3,205,079
900 players: 1st place 16.8% which equates to $3,796,887
Plus, $1,000,000 value added!
*These calculations are based on a contribution per player of $24,250 less 2% staff fee. As mentioned earlier, the $750 balance which is normally rake will be allocated to the prize pool as an additional $25,000, increasing the number of players in the money.
Depending on the size of the field, the min-cash will be anywhere from $31,900 to $36,300. For some reason, social media voters “marginally preferred” a min-cash of $25,000. I’m not a high stakes tournament player, so maybe there’s a reason for that, but it seems that I would want to at least profit slightly if I cash. I suppose the thought would be that with a break-even min-cash, more players would get paid.
Other details include the introduction of a shot clock when the field is in the money, big blind ante format, and a 300 big blind starting stack. Levels will be 60 minutes.
And a summary of everything from the blog post:
Starting Stack 60,000
Starting Blinds 100/200
Ante BB Yes
Action Clock From ITM
Players 9 handed start, moving to 8 handed
% of field paid 15%*
Min cash $31,900**
Optimal hours per day 8
No dinner break if 8 hours played
* plus rake savings redirected as additional prizes
** Additional players ITM due to rake savings redirection get $25,000
PokerStars also published the complete schedule for the PokerStars Caribbean Adventure. The key dates, including those for the PSPC, are as follows:
Event start day – January 5th (we will be running a satellite for the Players’ Championship at 6pm)
Players Championship – January 6th to 10th
Super High Roller $100K – January 10th to 12th
PCA Main Event – January 11th to 16th
PCA National – January 9th and 10th