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Overlays: They pay YOU to play!
If you play online, you probably know about the big weekly PokerStars and PartyPoker tournaments with big buy-ins, huge fields and life changing prize pools. However, you might not know that several leading sites offer tournaments with guaranteed prize pools that often undersell-that is, not enough people enter to cover the guaranteed prize pool via entry fees alone, so the sponsoring site has to make up the difference. The balance is called the "overlay" and is basically extra prize money spread across the field. For example, a site offering a $50,000 guaranteed prize pool in a $100 buy-in tournament would have to draw at least 500 entrants to cover the prize pool. If they drew only 400, the overlay would be calculated as follows If you play online, you probably know about the big weekly PokerStars and PartyPoker tournaments with big buy-ins, huge fields and life changing prize pools.
400 entrants:400 x $100 = $40,000 of buy-in money
$50,000 guaranteed prize pool - $40,000 entry fees = $10,000 balance added by the site
Thus, each player would then receive an overlay of $10,000/400 = $25 on his $100 entry, meaning his $100 entry was really "worth" $125 based on the prize pool offered.
We're big fans of free money, and if you're a poker player, you should be, too.
| Bodog Poker |
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Bodog Poker $100,000 Guaranteed
Overlay: $3.95/entrant
Weekly tournament held Sunday at 4PM EST (1PM PST)
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$100 buy-in,
$9 fee
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9 players/table;
2,500 chips (167x the blinds) and 15 mins levels
- Runs about 7.0 hrs
- Typical number of entrants: 962
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Overlay: $100 000.00 - 962 entrants x $100 buy-in = $3 800.00: about $3.95/entrant
- Top prize: $2,500
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| Ultimate Bet |
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Ultimate Bet $200,000 Guaranteed
Overlay: $7.68/entrant
Weekly tournament held Sunday at 5PM EST (2PM PST)
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$200 buy-in,
$15 fee
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10 players/table;
2,500 chips (167x the blinds) and 15 mins levels
- Runs about 7.0 hrs
- Typical number of entrants: 963
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Overlay: $200 000.00 - 963 entrants x $200 buy-in = $7 400.00: about $7.68/entrant
- Top prize: $45,000
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| Pacific Poker |
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Pacific Poker $50,000 Guaranteed
Overlay: $13.25/entrant
Weekly tournament held Sunday at 4PM EST (1PM PST)
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$65 buy-in,
$5 fee
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10 players/table;
2,000 chips (67x the blinds) and 15 mins levels
- Runs about 5.0 hrs
- Typical number of entrants: 639
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Overlay: $50 000.00 - 639 entrants x $65 buy-in = $8 465.00: about $13.25/entrant
- Top prize: $11,000
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| Bugsys Club |
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Bugsys Club $10,000 Guaranteed
Overlay: $11.35/entrant
Weekly tournament held Monday at 4PM EST (1PM PST)
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$50 buy-in,
$5 fee
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10 players/table;
10,000 chips (133x the blinds) and 15 mins levels
- Runs about 5.0 hrs
- Typical number of entrants: 163
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Overlay: $10 000.00 - 163 entrants x $50 buy-in = $1 850.00: about $11.35/entrant
- Top prize: $3,000
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