Overlay Story: Gaining buy-in Advantage in a Poker Tournament

Overlay Story: Gaining…

You don't get this opportunity often, but sometimes you can make a financial advantage just by registrating for a Multi Table Poker Tournament (MTT)!

“How is this possible?” you think? The answer is within the "overlays" given by guaranteed prize pools offered for some MTTs.

An example: On Sunday the 02/11/2008 the €250.000 Guaranteed Tournament at CelebPoker had a €320 Buy-In. 613 players registered for this tournament. Now the calculation fun begins!

First you have to divide the offered Prize money with the number of players who registered. In this example: €250,000 / 613 (players) = €407.

This means that your ticket is worth than €407. As your ticket costs €320, you are automatically gaining the equivalent of an extra €87 to pay for your entry (€407-€320 = €87). Ok, you don't get the cash in the bank, but you do get it as an advantage for the buy-in as you have less players to compete for the prize pool with.

You can easily calculate the number of players that turns a guaranteed tournament +-0 in added value if you divide the sum of guaranteed prize money with the Buy-In amount. In our example above it would be like this: 250.000 (€) / 320 (€) = 781.

That shows that when the number of players is equal or higher than 781 there is no added money in the prize pool. Therefore you dont get this extra value (overlay) for your registration. When you keep this kind of calculation in mind you can make use this overlay to your advantage by paying attention to the CelebPoker-MTT-Lobby.

Take these chances when you find these Overlays to pimp your bankroll! Good Luck!!!

Publish Date : 03/12/2008

Print Article