PTC Add-Ons Personal Attack?
Poker Tournament Consultants and its creator Jimmy Sommerfeld have come under fire lately due to the practice of adding an optional "dealer appreciation fee" to PTC events.
The 2+2 Pokercast called out the company earlier this month and since then it has garnered attention from around the poker world and even an investigation from the World Series of Poker.
PokerJunkie blogger Compncards tells us why he finds the accusations far-fetched and explains the process of the player add-ons.
Typical 2+2 Drama
I entirely side with Seth Palansky when he stated on QuadJacks that the 2+2 Pokercast overly dramatized the situation regarding the add-ons at PTC run events.
Ranging from calling the company "borderline criminal" to suggesting that those types of fees could cause tension between dealers was not just juvenile but also irresponsible.
One example that was kind of comical was about a guy finishing in third place in an event getting upset because part of the prize pool was withheld, he was "hit up for $20" with the add-on and now the dealer is expecting a tip.
In a lot of events, third place is going to be a few thousand dollars. I don't know about you, but I'm not going to be worrying over a $20 dealer appreciation fee.
Considering that this is the first time that this company or any casino that does a similar practice has been called out, it makes me wonder if this is some type of personal vendetta against the company or the retiring Jimmy Sommerfeld.
Poker Players Are Responsible With Taxes?
One of the reasons the fee is being called "underhanded" is because there is no receipt given for tax purposes.
Just one question. How many players get receipts and claim winnings on the following:
- Prop bets
- Last Longer Bets
- Money earned for percentages swapped
- Money earned from backed players
Also, if you need proof for the IRS about the add-on, you can use the structure sheet as it lists the dealer add-on.
The Add-Ons Are NOT Mandatory
For those of you that have never played at a WSOP Circuit event and are just taking what posters say on 2+2 say for gospel, let me expalin the set-up to you.
I have played a few circuit events over the years and know from first-hand experience the buy-in procedure for these tournaments run by PTC.
Dealer add-ons are done in one of two ways. The first is that the dealer offers and collects the fee at the table and then distributes you the chips.
The other way is that the fee is collected at the cage - and the fee is indeed optional.
If you do not want to pay the fee, it is not required.
Did You Read the Structure Sheets?
My first question to those that complain about not getting a "full starting stack" is, did you read the structure sheets?
Just for the sake of completeness, I went back and looked at the structure sheets for the different events of the Tunica Circuit Event, including the nightly tournaments.
This event was run by PTC.
Each event started players with a stack between 40 and 100 big blinds BEFORE the dealer add-on. In the limit events, players started with 50 big bets.
I remember the WSOP before "triple stacks," and "deep stacks", etc when you received a stack dollar-for-dollar.
My first event at the 2006 WSOP, I started with 60 big bets in a $1,500 Limit Event.
The add-on is an addition that gives you a "deeper stack" and that is all. You get a reasonable starting stack without it.
Also, for those of you that argue "but it was not advertised and only listed on the structure sheet," my only response is that your failure to plan, read the structure sheet and do your research does not constitute a scam.
Not an Unusual Practice But More Transparency Needed
Poker Tournament Consultants is not the first company to use this optional add-on for tournaments.
It is a common feature of many daily events in casinos around the United States.
In addition, there are numerous larger events that have used the same practice. This is the first time that anyone has went out of their way to call out a company on these practices.
With that said, I am all for greater transparency regarding where the fees go.
I cannot see any investigation leading to any proof of wrongdoing knowing the people that work for the company, but more information is needed to alleviate public concerns.
If PTC is indeed proven innocent of any wrongdoings, I wonder if the 2+2 PokerCast will actually offer any type of apology for their accusations or sweep them under the rug.
Time will tell.