Poker $ answer to CFC problems

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Poker $ answer to CFC problems

    The thread on this page noting the success of chess players at the WSOP (world series of poker) gave rise to the following thought:

    A number of chess players are also world class poker aces. I know this is true cause they told me so themselves!
    Now if the CFC were to sponser the winner of a qualifying tournament to the WSOP main event and split the winnings there would be no more financial problems for the CFC in the next decade or two. If the CFC player just made it to the final table the win would exceed $1 million minimum! And since the CFC is a charitable organization there would be no taxex to pay! Last year the winner got $8million (before taxes) while the runner up had to make do with $5 million.
    Now back to the CFC. A series of qualifying events in the major cities to each produce a finalist to be played in a central location could produce a horse or two for the CFC. The entry fees for the qualifying events (say $100) would all add up to pay the entry and travel of the winner(s) to Las Vegas. The qualifying events could even be played on line. Ten single table qualifyers with a $100 entry fee would produce the $10,000 entry fee for the WSOP.
    For the travel and hotel expenses, we could run fund raiser waive events.
    In the event of a small shortfall, the CFC might be on the hook for the difference. In case of a large shortfall, the winner could simply accept the cash generated and be content with the title of CFC poker champion.

  • #2
    Re: Poker $ answer to CFC problems

    How about running a CFC tournament like a poker knockout tournament
    instead?

    The popularity of the poker tournaments seems tio ride on how many
    you can convince of their having a chance at the top prizes.

    Maybe a Canadian casino would sponsor it, and put up the guarantee.

    Comment


    • #3
      Re: Poker $ answer to CFC problems

      Originally posted by Ed Zator View Post
      How about running a CFC tournament like a poker knockout tournament
      instead?

      The popularity of the poker tournaments seems tio ride on how many
      you can convince of their having a chance at the top prizes.

      Maybe a Canadian casino would sponsor it, and put up the guarantee.
      The old way of trying to make things equal was giving a material and move handicap, more material for the greater the class difference. This was a popular tournament at the Toronto Chess Club. But it is displeasing as it destroys the opening when one side has a pawn or piece missing, or can make 2 first moves.


      http://en.wikipedia.org/wiki/Chess_handicap

      Comment


      • #4
        Re: Poker $ answer to CFC problems

        Brilliant, Vlad. I still remember that Arctic vehicle you invented, with the funny-shaped wheels. Another exclam!

        But if somebody's going to put Vlad's Play Poker For Charity idea into reality for chess, action is called for. The idea is out there. Kidney Research could snap it up. Isn't there a large gathering of chess players at the Centre of the Universe in a little over three weeks' time?

        I wonder if one could also arrange for part of the entry fee to trigger a tax-deductible receipt?

        I'm not sure this would work. After all, provincial governments with their casinos are Jealous Gods. "I am not a lawyer."

        Ed and Erik: Knockout tournaments might work in chess, but throw out the idea of seeding. No ratings. Or even reverse-seed the process so that as many weak players as possible get past the first round. That's part of the key to success of poker, everybody thinks they can win.

        Comment


        • #5
          Re: Poker $ answer to CFC problems

          Originally posted by Jonathan Berry View Post
          Brilliant, Vlad.


          I wonder if one could also arrange for part of the entry fee to trigger a tax-deductible receipt?
          One idea I failed to mention is that everyone who enters at the $100 entry fee level would, in the event of there be a huge win at the end, would each receive a piece - say $500. Thus everyone wins something!

          Comment


          • #6
            Re: Poker $ answer to CFC problems

            In case anyone wonders what the winners share looks like.
            < joe_cada_b_1110.jpg >
            Thats $8 million+ in Ben Franklins

            Comment

            Working...
            X