Hits and Misses: First BetMGM Poker MI Online Series Awards $360K
The first major tournament series at BetMGM Poker Michigan concluded Sunday, with the BetMGM Online Series ultimately producing mixed results.
Guaranteed prize pools for the 10 tournaments totaled $300,000, and in the end, players won just more than $360,000. That said, although half the tournament exceeded their guarantees, half came up short. In another caveat, those that were short had relatively small overlays.
Slow start, fast finish for first BetMGM Poker Online Series in MI
Overall, the series started slowly but ended well. The eight-day schedule was bookended by contrasting Sundays. The first Sunday was lackluster, but turnouts on the final Sunday helped the series rebound overall.
The first Sunday, April 18, saw the series begin with an overlay. The $215 Sunday Special event attracted 339 total entries, 36 shy of what was needed to hit the event’s $75,000 guarantee. The resulting $7,200 overlay was the largest of the series.
Meanwhile, the three events on the final Sunday, April 25, all exceeded their guarantees.
The $20 “Mini” drew 519 entries, pushing the prize pool just over $9,600 and nearly doubling the $5,000 guarantee. The $109 Sunday 1/2 Price did similarly well, attracting 501 entries for a $50,100 prize pool. That total was two-and-a-half times the $20,000 guarantee.
The series finale, another Sunday Special, featured both the largest buy-in and largest prize pool of the series. With a $535 price tag, the 217 total entries meant a $108,500 prize pool, thereby eclipsing the $100,000 guarantee.
That series-climaxing last event came just shy of equaling the largest tournament in BetMGM Poker MI’s short history.
The $109 BetMGM Grand Online Main Event held earlier this month attracted 1,130 entries, creating a $113,000 prize pool.
Here’s a look at the turnouts and prize pools in all 10 events.
| Event | Buy-in | Guarantee | Entries | Prize Pool | Overlay | ||
|---|---|---|---|---|---|---|---|
| 1: NLH Sunday Special 8-Max | $215 | $75,000 | 339 | $67,800 | $7,200 | ||
| 2: NLH PKO 8-Max Bounty | $215 | $20,000 | 91 | $18,200 | $1,800 | ||
| 3: PLO 6-Max | $109 | $10,000 | 143 | $14,300 | n/a | ||
| 4: NLH 8-Max | $215 | $25,000 | 133 | $26,600 | n/a | ||
| 5: NLH 40 Stack 8-Max | $215 | $20,000 | 92 | $18,400 | $1,600 | ||
| 6: NLH PKO 8-Max Bounty | $320 | $25,000 | 80 | $24,000 | $1,000 | ||
| 7: NLH 6-Max | $215 | $25,000 | 114 | $22,800 | $2,200 | ||
| 8: NLH 8-Max Mini | $20 | $5,000 | 519 | $9,601.50 | n/a | ||
| 9: NLH Sunday 1/2 Price 8-Max | $109 | $20,000 | 501 | $50,100 | n/a | ||
| 10: NLH Sunday Special 8-Max | $535 | $75,000 | 217 | $108,500 | n/a | ||
| TOTALS | $300,000 | 2,229 | $360,302 | $13,800 | |||
Expectations met, but BetMGM Poker still behind PokerStars
Although it mostly met expectations, BetMGM Poker MI’s first online series couldn’t match the ambition and scope of PokerStars MI‘s first major tournament series, the Michigan Championship of Online Poker (MICOOP).
Running just a few weeks after PokerStars MI went live in late January, that series featured 60 events, with guarantees originally totaling $1 million before PokerStars increased later events’ guarantees in response to huge turnouts. Ultimately, players won more than $2.2 million in MICOOP.
BetMGM Poker MI has only just begun its second month dealing virtual hands. Thus, PokerStars MI had a two-month head start and right now enjoys the lion’s share of Michigan’s fledgling online poker market.
With more tournament series to come, the BetMGM Poker lion will no doubt continue to roar as it endeavors to challenge PokerStars’ kingly status in MI.
Related Articles
