First, let me say that I am an affiliate of FaceUp gaming. If you are interested in playing there, please click on my advertisement on the front page of my site.
I joined there back in July, but didn't get serious about playing their league tournaments until a couple of weeks ago. They run a series of tournaments that run for two months. You get 40 "league tokens" and each tournament costs one token to play. They pay out in points based on how many people play in the tournament. The payout structure is below:
1st 10 x number of players = Your points
2nd 9 x number of players = Your points
3rd 8 x number of players = Your points
4th 7 x number of players = Your points
5th 6 x number of players = Your points
6th 5 x number of players = Your points
7th 4 x number of players = Your points
8th 3 x number of players = Your points
9th - 18th 2 x number of players = Your points
19th - 27th 1 x number of players = Your points
So, the more players that play in the tournament, the higher your point total can be.
This run of league is Oct/Nov. If you finish in the top 10% you qualify for a 30k free roll and if you are in the top 35% you qualify for a 20k free roll. Obviously, if you hit the top 10% you qualify for both free rolls.
After spending a while thinking about this, I have decided that I will only play in league tournaments that have a minimum of 50 participants, any less then that and I don't feel like I can maximize my placement.
As you can see from the first picture, the first tournament I entered had 57 participants for a first place score of 570 points. The second tournament had 70 participants for a first place score of 700. I feel that anything less then 50 participants is not worth playing for since you only have basically 40 chances at league over a two month period. They run 5 or 6 league tournaments a day I believe so you have about 300-360 or so tournaments that will run over a two month period.
The other thing I am working on is a database that will automatically figure out what your average point take is across the tournaments. I plan on adding in historical results as well so I know exactly what I need to average to get in the top 10 or 35.
If you haven't figured out by now, I am a bit of a statistical nut.
In the two tournaments last night, one thing I noticed, that seems to be more prevalent in these league tournaments is people that are willing to get blinded down to minute amounts instead of playing optimal tournament push/fold strategy. I am not sure if this is just folks who are not that good at poker or if it is more of people trying to place as high as possible without "gambling".
If you would like to join me, please click on the FaceUp gaming link on the front page and join Dolly's River Rats.