ISPT Heads to Wembley Facing a Huge Overlay
The International Stadiums Poker Tour (ISPT) heads to the home of English football, Wembley Stadium, on Friday where the first of its two Day 2’s will play out on the hallowed turf. Here at PokerNews we have always thought the ISPT Wembley looked like tremendous value and if the recent blog by the Dusk Till Dawn (DTD) owner Rob Yong is accurate, words cannot describe how amazing the value to the players is going to be.
In an open and frank blog on the DTD website, Yong took the time to answer 10 most commonly questions he’s heard while trying to promote this unique event. The two that are the most interesting, in our opinion, are the prize pool figures and the attendance figures.
When answering the question, “How many runner have you got, how many do you think you will get?” Yong answered:
“At the time of writing this (4.22am Tuesday morning) we have 373 player names - this equates to a prize pool of just over €1 million euros, with more guaranteed seats over the next 4 days. But how many players will buy-in directly for €3000 on Day 2a Friday and Day 2b Saturday - this is the million dollar question – literally!
I heard 700-800 players bought in for €5K at this year’s EPT Berlin - but the EPT's are established, prestigious events so maybe it’s not correct to compare? When we partnered with ISPT they had around 30 players in Day 2 with only 12 weeks to go. At the time I said to the press that 500 runners would be a disaster, 1000 would be okay, 1500 a job well done and 2000 a miracle from the poker gods, so I am just praying that all the of hard work done by the ISPT team in promoting the event in so many different countries will pay off.
ISPT is a new organisation, a new event, a new concept, a new format, is brave attempt to challenge 'the norm' by allowing players to buy directly into Day 2 for an average stack, taking all this into consideration, it's not easy to predict the number of €3k buy-ins, but we have a €1M prize pool to build on”
How do those figures look in terms of potential overlay, we hear you ask. From a players point of view the potential low numbers mean a ridiculous overlay could be on the cards. If 1,000 players by in there will be €460,000 added to the prize pool, which will surely be one of the largest overlays in the history of the game of poker. Should that figure be even lower, at say 500 entrants, the cost to DTD will be enormous; the overlay could potentially top the scales at €730,000!
When you consider that European Poker Tour London Main Event only received 667 entries and that is with the might of PokerStars behind it, those playing in the ISPT Wembley Main Event are in for a treat because it looks like it will be overlay central in the British capital.
As the tournament’s payout structure is likely to be extremely top heavy, DTD and the ISPT has decided to allow deals to be made once the final table has been reached. Should the nine finalists opt to flatten the payouts they will be entitled to do so, as long as they are under the watchful eye of Tournament Director Simon Trumper.
PokerNews is going to be on the ground at Wembley bringing you live updates from the second the first cards are dealt right up to the last chip being won. Join us from Friday onwards for coverage of the ISPT Wembley Main Event.