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pikeman327 High Card
Joined: 18 Feb 2007 Posts: 16 Location: California
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Posted: Tue May 20, 2008 3:22 am Post subject: FTOPS VIII Wrapup |
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Hello folks,
I've made up a summary of some noteworthy FTOPS VIII stats (along with all previous FTOPS as well). Check it out:
http://www.pikeman327.com/pics/ftopsstats.jpg
A couple of notable things about this FTOPS:
For the first time since FTOPS II, there was an event that actually LOST money for Full Tilt (the numbers in red parenthesis). There have been quite a few events that didn't make their GUARANTEES since FTOPS began, but there were so few players in the Limit Hold'em 6-max event this time around, that it actually COST Full Tilt over $2,300 to hold the event. But even more interesting..... ever since Full Tilt began running the FTOPS, each successive FTOPS has seen an increase in total fee profit for the company. However, FTOPS VIII marks the first time that the series has seen a decrease in this area (FTOPS VII made Full Tilt $959k in fees over 20 events, whereas FTOPS VIII only made $923k over 24 events). So, even though there were four MORE events in FTOPS VIII than FTOPS VII... Full Tilt actually made about $36k LESS in fees. Also, over 4,500 fewer players participated in FTOPS VIII than the previous one.
So all in all, while FTOPS VIII was definitely a success, these statistics show that there are certainly a few things that Full Tilt could have done differently. Hopefully they take this info into account for the next FTOPS, so we can see more players and better events. |
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mathman1115 Wizard of Odderation
Joined: 01 Sep 2005 Posts: 2762 Location: Land of the Fightin' Phillies
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Posted: Tue May 20, 2008 5:38 pm Post subject: |
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The site has made over $4 million alone just in FTOPS
No wonder why they have 4 of them a year. |
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Flying_Kiwi Message Board Junkie
Joined: 03 Sep 2006 Posts: 5125 Location: Honky's class reunion
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Posted: Tue May 20, 2008 5:43 pm Post subject: |
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| But you've got to keep in mind that that is gross profit, isn't it? |
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Peepers_au Full House
Joined: 15 Feb 2008 Posts: 192 Location: Melbourne, Australia
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Posted: Wed May 21, 2008 4:46 am Post subject: |
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| Flying_Kiwi wrote: |
| But you've got to keep in mind that that is gross profit, isn't it? |
What do you think they actually had to spend to hold the tournaments that they weren't already spending to have the site running?
Surely the cost of them running any one tournament is (next to) nil, because the infrastructure is already in place. |
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pikeman327 High Card
Joined: 18 Feb 2007 Posts: 16 Location: California
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Posted: Wed May 21, 2008 7:08 pm Post subject: |
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The only increased costs for Full Tilt that I can see while running the FTOPS tournaments is maybe more electricity to run more servers to handle the increased traffic, as well as paying more support people to be on hand to handle any problems (and record the final tables)... and of course whatever they pay Ali Nejad to do the commentaries.  |
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mathman1115 Wizard of Odderation
Joined: 01 Sep 2005 Posts: 2762 Location: Land of the Fightin' Phillies
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Posted: Wed May 21, 2008 9:34 pm Post subject: |
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| Flying_Kiwi wrote: |
| But you've got to keep in mind that that is gross profit, isn't it? |
Well, yeah. I meant they have "taken in" over $4 million with FTOPS. They give some of that back with bonuses, iron man, leaderboards, etc etc etc........ Still, das a chitlowd uh munny |
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doubledownA Banned
Joined: 02 Sep 2005 Posts: 3323
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Posted: Fri May 23, 2008 5:58 pm Post subject: |
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kind of makes you sick the money they make here and how they won't even give rakeback to players that signed on from the beginning...
I found a huge deposit bonus on a competitive site, with rakeback, also extreme stack (10k starting chips) with awesome tournament structure. The fields are much smaller as well, which gives you a realistic chance to win. Full Tilt has become filthy rich and forgot about the ones that helped make the site what it is. |
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