Prizes are not that high because it is only between $100-$300 and will vary base on the number of the participants, it will be good if there
will be someone who will be willing to put up a good amount of prize so you can get a good amount of poker players.
As you can see, even if the entry is a little bit big but the prizes are huge then you can expect that there will be more players that will try
to win the prize meaning there will be many players that are willing to join. Though I can see that it is only a small tournament but I will be
willing to join next time if the prizes will range from $2000k to $20000k.
Hi! @BlackFor3st -Welcome
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It may seem strange to you because traditional game casino players are used to putting 0.15 in and getting a 100x -500x - 1000x multiplier and it's fun, I just do it.
But the appreciation with poker is different, very different, mainly because it depends on the variance and although many believe that the variance is intrinsic to the game of poker it comes mainly from the players.
The more players in a tournament, the more variance it has, that is why many like the Sit&Go allows you to have an (average to good) ITM of 30% -45%, we should talk about other things there, but whatever that dimension is enough . Actually an ITM * in Sit & Go only works if you do a lot of top 2s.
Now in MTT tournaments if you have the same or similar to the ITM * it would have an ROI above 50% and you would be earning a lot of money, in fact an ITM of that percentage is bestial for tournaments with player registration above 90 players.
So in poker, big green five-figure prizes with low buy-ins ($ 11 to $ 200) from hundreds of players to thousands of players, now the interesting thing about crypto poker is that you get very good prizes in relation to the buy-in - guaranteed the reason for the low traffic and the concept of MTT, because although they are classified as tournaments they are not "MTT," they are Sit&Go.
So you should not have an appreciation only of the "guaranteed" prize but of the field of players against whom you would have to face, but still that is not the key to pay a buy-in, the key is to know what your ITM is for a certain field of players, that can serve as a guide, to know how many buy-in you need to play that tournament.
That is, if the next time the entry is $ "XY" for a prize that you mention ~ $ 2000 to $ 20000 that if you add "k" at the end I would have to add three more zeros, come on! a matter of clicks I guess, You should not put money there, unless according to your bankroll control or according to your ITM you can say I have bankroll, if I can invest in that tournament, because you may be very good at playing poker, but the $"XY"buyin purchase relationship is always giving you a chance to win.
Finally, all this is to tell you that in this particular case "new poker home game" (Globb0), the past "bitcointalk private poker series" (efialtis and collaborators) and another that is running on Betnomi "FreeRoll Sunday All Welcome (yahoo62278) What he really seeks is to create the poker environment, a sub-community of poker players who are frequent every Sunday to play between nicknames known from the forum.
In other words, the award is an added value in this case. For big prizes it is easy to go to the lobby of any casino.
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NPHG_______G.B.