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Author Topic: The 2,334 BTC Guaranteed Texas Holdem Tournament Is Back! ($1,000,000 USD)  (Read 1661 times)
Bytecoiner419 (OP)
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April 21, 2016, 04:30:10 PM
 #1



On April 24th at 4:00pm ET Betcoin will host The 2,334 BTC ($1,000,000) Million Dollar Sunday GTD poker tournament!

They are determined to keep bringing you huge prize pool action packed tournaments you so richly deserve! It’s time to get excited about online poker again! This 1.26 BTC ($540) buy-in no-limit Texas holdem tournament has 15 minute levels and gives you a massive 10,000 chip starting stack to build your bitcoin fortune!

Regularly scheduled satellites for the tournament run daily so don’t miss out on your opportunity to qualify for a fraction of the cost and parlay your small investment into a 467 BTC ($200,000) first-place prize! Big online poker action is at Betcoin Poker!

Ref Link: https://www.betcoin.ag?r=35347
No Ref:  https://www.betcoin.ag


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April 21, 2016, 05:28:00 PM
 #2

Offering high reward and buy a ticket 1.26 BTC to join  Sad This is true ?
High ticket prices may be less people interested in participating in this tournament

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Bytecoiner419 (OP)
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April 21, 2016, 05:58:07 PM
Last edit: April 21, 2016, 06:44:56 PM by Bytecoiner419
 #3

Lol, that's some mega massive bitcoin poker tournament if I ever saw one. Too bad it's out of my reach, I mean 1.26BTC to join  Cheesy

Offering high reward and buy a ticket 1.26 BTC to join  Sad This is true ?
High ticket prices may be less people interested in participating in this tournament

They have satellite tournaments that you can get in for as little as $2 (0.00448600 BTC) to win a seat in the big game.  Wink



Please let us know if you make it in the big game so we can cheer you on!

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April 21, 2016, 07:27:22 PM
 #4

It's a rebuy tourney for the first 5 hours. That's a little upsetting.
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April 21, 2016, 07:37:01 PM
 #5

Betcoin tournaments are in USD, but they accept bitcoin as a substitute. I image all payouts are in USD in it would be a hassle to be paid out. Most fiat based gambling sites require sending ID and other things. I assume betcoin would act the same for withdrawal purposes.
Bytecoiner419 (OP)
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April 21, 2016, 07:45:08 PM
 #6

Betcoin tournaments are in USD, but they accept bitcoin as a substitute. I image all payouts are in USD in it would be a hassle to be paid out. Most fiat based gambling sites require sending ID and other things. I assume betcoin would act the same for withdrawal purposes.

At betcoin ALL deposits and cashouts are done in Bitcoin.


It's a rebuy tourney for the first 5 hours. That's a little upsetting.

What do you expect when you try to get in for the cheapest.

They have satellite games from $2 up to $60 to get into this huge main event game.   


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April 21, 2016, 08:50:38 PM
 #7

Do they have a nice Android poker app? I really miss SWC:(
Bytecoiner419 (OP)
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April 21, 2016, 09:55:43 PM
 #8

Do they have a nice Android poker app? I really miss SWC:(

I think you can play on your phone but not 100% sure.

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April 21, 2016, 11:46:42 PM
 #9

It's a rebuy tourney for the first 5 hours. That's a little upsetting.

Pretty standard for a GTD garanteed tourney.
It would actually be upsetting if it wasn't. Imagine you bust early on and you can't join back in, effectively missing out on a 1M prize pool.
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April 22, 2016, 12:08:52 AM
 #10

Dammit, I'm going to be out of town all weekend. Really would have liked to get going on the satellites. Even if it's just the cheap side tournies, it's fun to technically be playing for a piece of the million. Oh well, maybe next time will be better timing for me.
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April 22, 2016, 01:07:48 AM
 #11

Do they have a nice Android poker app? I really miss SWC:(

If Android ad poker app will definitely be easier to access
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April 22, 2016, 04:00:03 PM
 #12

It's a rebuy tourney for the first 5 hours. That's a little upsetting.

What do you expect when you try to get in for the cheapest.

They have satellite games from $2 up to $60 to get into this huge main event game.   

Pretty standard for a GTD garanteed tourney.
It would actually be upsetting if it wasn't. Imagine you bust early on and you can't join back in, effectively missing out on a 1M prize pool.

Rebuys are a whole different beast. Every Sunday PokerStars has a $215 buy-in 1M guarantee tournament. There is no rebuy. The problem with rebuys is as follows. If you only have enough for 1 buy-in you are severely disadvantaged.

Rebuy tournaments allow 1 rebuy right at the start, allowing people with money to double their starting chip stack. So if I buy in once, and you buy in twice, I'll start with 10,000 chips and you'll start with 20,000 chips. That's before cards are even dealt. That sucks.

Then at the end of the rebuy period they allow an Add-On. Anyone can pitch in another buy-in for another 10,000 chips. So really, if we both play and don't really if we each break even through 5 hours and you do the rebuy and the add-on, I'll only have 10,000 chips vs your 30,000 chips.

The chip stack and blind ratios are also very different in rebuy tournaments.

I understand people's fascination with big bitcoin prize pools, but understanding poker helps too. This tournament will be verrrry expensive to have any sort of decent shot in. I'd expect poker pros to be putting in upwards of 10 btc each. Standard rebuy strategy, assuming you have the bankroll, is to just go all-in in many hands early and look to build a big chip stack.
Bytecoiner419 (OP)
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April 22, 2016, 04:12:03 PM
Last edit: April 22, 2016, 05:04:21 PM by Bytecoiner419
 #13

It's a rebuy tourney for the first 5 hours. That's a little upsetting.

What do you expect when you try to get in for the cheapest.

They have satellite games from $2 up to $60 to get into this huge main event game.  

Pretty standard for a GTD garanteed tourney.
It would actually be upsetting if it wasn't. Imagine you bust early on and you can't join back in, effectively missing out on a 1M prize pool.

Rebuys are a whole different beast. Every Sunday PokerStars has a $215 buy-in 1M guarantee tournament. There is no rebuy. The problem with rebuys is as follows. If you only have enough for 1 buy-in you are severely disadvantaged.

Rebuy tournaments allow 1 rebuy right at the start, allowing people with money to double their starting chip stack. So if I buy in once, and you buy in twice, I'll start with 10,000 chips and you'll start with 20,000 chips. That's before cards are even dealt. That sucks.

Then at the end of the rebuy period they allow an Add-On. Anyone can pitch in another buy-in for another 10,000 chips. So really, if we both play and don't really if we each break even through 5 hours and you do the rebuy and the add-on, I'll only have 10,000 chips vs your 30,000 chips.

The chip stack and blind ratios are also very different in rebuy tournaments.

I understand people's fascination with big bitcoin prize pools, but understanding poker helps too. This tournament will be verrrry expensive to have any sort of decent shot in. I'd expect poker pros to be putting in upwards of 10 btc each. Standard rebuy strategy, assuming you have the bankroll, is to just go all-in in many hands early and look to build a big chip stack.

That is true for "rebuy" games but this tournament is a "reentry" game so you can buy back in if you get cracked out but you can not buy more chips when you start and they do not have an "addon" option later in the game.

Here is a screen of the game lobby right now. (You can see they have cheap satellite tournaments running for as low as $2)




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April 22, 2016, 10:42:22 PM
 #14

It's a rebuy tourney for the first 5 hours. That's a little upsetting.

What do you expect when you try to get in for the cheapest.

They have satellite games from $2 up to $60 to get into this huge main event game.  

Pretty standard for a GTD garanteed tourney.
It would actually be upsetting if it wasn't. Imagine you bust early on and you can't join back in, effectively missing out on a 1M prize pool.

Rebuys are a whole different beast. Every Sunday PokerStars has a $215 buy-in 1M guarantee tournament. There is no rebuy. The problem with rebuys is as follows. If you only have enough for 1 buy-in you are severely disadvantaged.

Rebuy tournaments allow 1 rebuy right at the start, allowing people with money to double their starting chip stack. So if I buy in once, and you buy in twice, I'll start with 10,000 chips and you'll start with 20,000 chips. That's before cards are even dealt. That sucks.

Then at the end of the rebuy period they allow an Add-On. Anyone can pitch in another buy-in for another 10,000 chips. So really, if we both play and don't really if we each break even through 5 hours and you do the rebuy and the add-on, I'll only have 10,000 chips vs your 30,000 chips.

The chip stack and blind ratios are also very different in rebuy tournaments.

I understand people's fascination with big bitcoin prize pools, but understanding poker helps too. This tournament will be verrrry expensive to have any sort of decent shot in. I'd expect poker pros to be putting in upwards of 10 btc each. Standard rebuy strategy, assuming you have the bankroll, is to just go all-in in many hands early and look to build a big chip stack.

You can't compare the Sunday Million to this. Pokerstars has so many players it's very safe for them to run this tourney without rebuys.
And yes, playing a rebuy tourney with only one bullet isn't very smart.

And I've never heard of a "go all in everytime" strategy with multiple buy ins being good.
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April 23, 2016, 04:16:14 PM
 #15

The big game is tomorrow so you have all day today and part of tomorrow to try and win a seat in the main event that starts tomorrow at 4PM EST.

Good luck everyone

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April 23, 2016, 09:42:00 PM
 #16

That is an insane amount of money up for grabs. Good luck to everybody who takes part, proper life changing money that is.

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April 24, 2016, 12:07:51 AM
 #17

ok $1,000,000 USD prize pool may sound pretty great but risking more than 1BTC for it will be worth? I would take part in the satellite tournament to get for myself a seat to the big game Grin good luck everybody!
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April 24, 2016, 03:44:31 AM
 #18

Yup, count me in. Just for 1 buy in though, no rebuys.
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April 24, 2016, 07:31:50 AM
 #19

Anyone needs BTC, please let me know. Text me is the best 415.645.3181

My profile on Localbitcoins:

https://localbitcoins.com/accounts/profile/sumbit[Suspicious link removed]d Luck everyone!

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April 24, 2016, 08:57:35 AM
 #20

Do they have a nice Android poker app? I really miss SWC:(

I think you can play on your phone but not 100% sure.
you can play open with mobile phone browser but sometimes walking slowly, not bad if you are not emotional person.

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