ACR Boss Phil Nagy Blasts PokerStars Over 24 Hour Late Registration
4 years ago23 Jan
ACR owner Phil Nagy took to Twitter yesterday to denounce PokerStarsâ 24-hour max late reg in their upcoming Sunday Million celebrationâŚ
Titled âImportant message to the poker communityâ, Nagy reveals he was staggered to hear that âthe biggest poker company in the worldâ will be allowing players to still enter some 18 hours after the first session finishes.
âIâve just read that PokerStars is doing a $12.5million guaranteed, $215 buy-inâ, says Nagy. âThereâs a small catch â thereâs a 24-hours late registrationâŚTwenty. Four. Hours.â
Accepting that he likely shouldnât be discussing competitors and other sites, but stating âI have to at this pointâ, the ACR boss remarks how he was âjoking when I said I was going to put dates on late registration.â
His voice rising in incredulity at PokerStars plans, Nagy adds:
âSeriously? 6 hours of play, eighteen hours of max late regâŚand this is the biggest poker company in the world?â
Buy-ins and numbers
The tournament in question is PokerStars 14th Anniversary of the Sunday Million, a tournament that saw its buy-in âpermanently halvedâ this time last year from $215 to $109.
It was halved again for a pre-Christmas running just last month, but will be back to its old $215 buy-in for the March 22nd anniversary edition.
With $15 of the $215 entry fee going towards rake, that means the site will need 62,500 runners just to break even â which probably explains the 24-hour max late reg plan.
Max Late Regging â the debate
PokerStars have introduced the 24-hour late reg window across all their âmain eventsâ, and the max late reg issue has been a talking point for several reasons.
One is that itâs sometimes possible to reg for an event so late that you are almost in the money without playing.
It also played a part in recent WSOP Player of the Year leaderboard races, Chris 'Jesus' Ferguson showing the effects of live late regging to amass a slew of min cashes, and with them enough points to secure the title in 2017.
On the plus side, for huge events such as the WSOP, it allows players to enter multiple tournaments and helps to avoid burnout.
With the big blind relatively small compared to stacks early on, the EV handed over is limited.
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