2013 International Stadium Poker Tour produces €589,000 in Overlay
The 2013 International Stadium Poker Tour (ISPT), an event concept that was originally designed to eclipse all other live tournament events in terms of player participation got underway this week, but is not according to the original plan.
Almost a year ago, the organizers were aiming for a field of 30,000 players to make a €20 million guaranteed tournament to take place at Wembley Stadium in London. The original starting field was to play on laptops via internet connection in the stadium. A series of setbacks from technical obstacles to cancelled online satellites and lack of sufficient interest would threaten the existence of the tournament.
A late-stage partnership with Dusk Till Dawn Poker Room in Nottingham, England gave the tournament a breath of life by guaranteeing €1,000,000 for first place, using no more than 20% of the prize pool.
With 761 players qualifying through live and online satellites or by making a direct €3000 buyin, the prize pool is a bit over €2.050 million with half of that going to 1st place thanks to the guarantee and €285,000 to 2nd.
There is a massive €589,000 in overlay to the benefit of the players. Of course, with so much overlay and €1 million to the winner with a large gap between 1st and the rest of the final table, there had been talk of a deal both Tuesday night and Wednesday morning before the final table began.
This is how the money would be distributed.
|Xavier El Fassy||€204,000||4,555,000|
But it still left €200,000 to be played for as well as the title.
The tournament final table was moved from the Bobby Moore Suite into a an Executive Box Suite overlooking the Wembley field. The giant inflatable igloo-like domes that had housed 761 players a few days earlier had been removed as workers were prepping the field for the upcoming Bruce Springsteen concert.
In the end, Jakub Michalak emerged as the winner of the inaugural €3,000 buy-in International Stadiums Poker Tour (ISPT) Main Event.
Congratulations to the winners!!