February 5, 2012

WPT Festa Al Lago costs too much to enter

Question: How do you run a major poker tournament and keep out the fish and donks that overpopulate WSOP events? Easy, run only a few satellites and bump the buy-in to 15 large.

Although the field might not be as large as it was the last time Festa Al Lago was part of the World Poker Tour in 2006, players wont seem to mind because an increased buy in has created a record setting prize pool for the event. The $15,000 tournament entry fee was paid by 368 players creating the biggest prize pool in Festa Al Lago history and certainly pleasing the top fifty finishers who will get to take home a piece of it.

Total Entries: 368

Total Prize Pool: $5,354,400

Places Paid: 50

1st: $1,411,015

2nd: $943,215

3rd: $506,245

4th: $373,010

5th: $266,445

6th: $186,510

7th: $133,225

8th: $106,580

9th: $85,260

10th: $63,945

11th-15th: $53,290

16th-20th: $42,630

21st-30th: $31,975

31st-40th: $26,645

41st-50th: $21,315

At the end of day two the leader board is full of well known poker names and there are just one hundred and four players remaining trying to duke it out for the nice healthy prize pool. Daniel Negreanu and Jennifer Tilley are among some of the top leader board players and Negreanu currently enjoys a chip lead over Cahail of about forty thousand chips.

Here are the top fifteen players at the end of day two and their respective chip counts:

1 Daniel Negreanu 513,100

2 Blake Cahail 467,500

3 Justin Bonomo 383,300

4 Nenad Medic 345,600

5 J.C. Tran 337,900

6 Jennifer Tilly 330,800

7 Joe Sebok 327,200

8 Jamie Rosen 321,200

9 Clemenceau Calixto 310,200

10 Matthew Stout 298,900

11 William Mietz 285,900

12 Brad Booth 280,800

13 Kasey Nam 278,300

14 Russ Boyd 276,200

15 Isaac Haxton 275,000