I am just doing some research ahead of time for my December trip looking for some tournies to play close to home (Harrahs). Are the starting chip counts on the 2 pm and 10 pm tournaments at the Mirage right? It says starting chips 500. Is that supposed to be 5,000?
Joined: Fri Apr 17, 2009 7:00 am Posts: 35 Location: Kitchener ON Canada
I was wondering that as well I noticed it yesterday. Also I would like to clarify something that I have heard. Is it true if I was to cash in a Mirage tournament no matter how much the amount you withhold a percentage because I am Canadian? Thanks
Yes, they start at 500 chips, but the structure shown here on AVP is (STILL) wrong. It's intended to be a faster tournament than the others, but it's not 500 chips starting with 50/100 blinds.
On 05 Jun 2012 06:46 in the main Mirage thread Chris wrote:
Starting chips are 500 but blinds start off at 5 & 5 - the posted structure here is not correct
I'll try to get that sent in and posted to make sure the correct information is available
To answer the "Why" question - why 500 starting chips?
We really wanted to stay with the "norm" and do a larger chip stack but due to various controls and the need to maintain a separate set of chips for each type of tournament and without having to put out a large expense to buy a new set of tournament chips, we used what we have, which meant we had to take a step back in time and take our structure down to where 5tc chips were used.
But the "turbos" at 2 & 10pm start with 500 chips, 15 minute levels
the first few levels are: 5/5, 5/10, 10/20, and either 15/30 or 20/40 then we take a short break and come back to 25/50 with the red colored up
We actually had someone complain that our tournament was not a turbo, that the blinds went up too slow to be called a turbo
8ball: It is true - the starting chip count is 500 and the blinds start off at 5 & 5, then 5 & 10, then 5 & 15 - it is a "throwback" tournament of sorts, back to the days prior to inflated stacks, and though it is a turbo tournament it makes you think a little because of the "small" stack size, which relatively speaking is no different than a 5k tournament with 50 & 50 blinds, then 50 & 100, and then 50 & 150.
millbodd That is no longer true and has not been true for a full TWO YEARS - yes, we used to be forced to do as you say (as was every poker room that was part of the MGM Resorts), however, two years ago we were able to stop doing that and are now in line with the rest of the Vegas poker rooms (and probably the whole country actually) and we do not issue any tax forms on buy-in tournaments until the net win is greater than $5,000.
So our fellow North Americans to the North and South (aka Canadians and Mexicans) and Australians (the three most popular groups of visitors that used to get taxed on every tournament win no matter how small) can now enjoy playing in buy-in tournaments without concern for receiving a 1042-S or any withholding.
So spread the word to your fellow countrymen that the rules have changed two years ago and it is now safe to play in The Mirage Poker Room again!
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I can see why someone might claim this wasn't a "turbo." If you just sit and fold, you don't get to fewer than 10 big blinds for almost 2 hours.
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