Hosting A Poker Tournament For Fundraising

1. Hosting A Poker Tournament For Fundraising Event
2. Hosting A Poker Tournament For Fundraising Parties
3. Hosting A Poker Tournament For Fundraising Cards

They may choose to donate their profits to charity; however, the tournament cannot be linked to a drawing. Individuals cannot offer a card tournament to raise money for charity. As an alternative, ask your charity if they qualify to offer a card tournament and help them with the tournament. Many famous poker players have a history of supporting charities. Professionals such as David Einhorn and Jennifer Harman have been praised for their generous donations to charity, whilst sports stars such as Neymar Jr host their own ‘home poker games’ for charitable foundations. You must be 18 years old in order to play charity poker in Illinois and at Chicago Charitable Games. You can play live charity poker tournaments & live cash games or ring poker games. You can play poker for as little as $20 for charity poker tournaments. Discuss hosting a poker tournament. Rather than have a variety of gaming options, the organization could host a poker tournament, using a popular poker game such as Texas Hold ‘Em. Similar to the casino night, players would make a donation or purchase a ticket and would receive a number of chips that cannot be traded in for cash value. Over 33% of the World's Population enjoys Playing Poker! For The Ultimate In Fundraising Technology. Online Poker is a Great Fundraising Event for Your Charity.

No-Limit Texas Hold’em has a vocabulary all its own. It isn’t spoken with a thick southern drawl, it sounds like something uttered in a foreign tongue. “I’ve got 73 diamonds and I’m all in. Flop: Ace - 3 – King offsuit; Turn: 7; River; 7. I double up with 7’s full. Next hand – 7-3 diamonds again. I’m all in – again. I get another caller (one with enough chips to take me out). They’ve got pocket 6’s. Flop comes: Ace of Diamonds - 4 of Diamonds – 8 of Diamonds. I hit my flush on the flop. Then: the Turn comes: 5; and a 4 at the River. The nut flush is a winner.”

In mid-October, Pulver Enterprises gambled on adding a, “Best Bet for the Cure: Charity Poker No-Limit Texas Hold'em Tournament” to their “Voice on Net” conference in Boston and won big. Not only did their event raise money for the Diabetes Research Institute Foundation and The Barton Center for Diabetes Education, they upped the ante for other nonprofit organizations interested in betting on poker’s resurgent popularity.

The VON Conference already had a number of high-profile attendees expected, but adding John Ratzenberger and Phil Hellmuth to the list of poker tournament players was a major coup. Ratzenberger is famous for his role as “Cliff” on the long-running television series “Cheers” and he is the current host of the Travel Channel's 'Made in America.” He’s also a poker aficionado. Hellmuth is a regular at the World Series of Poker and one of the all-time top money makers in professional poker.

Jeff Pulver, CEO of Pulver Enterprises, realized his company’s lead attorney, Jonathan Askin, had an inside edge on dealing a charity poker tournament into the VON Conference’s winning hand. In addition to being a member of the Bar, Askin once played on the professional poker circuit.

His official title at Pulver Enterprises is “Wartime Consiglieri.” That distinctive moniker hints at his propensity for attack strategies when launching a new venture. “It’s important for charities to be savvy when dealing with gambling and charity events,” Askin says. “We’re working on a template that will help other organizations hold similar events.”

Askin had a stroke of genius that allowed Pulver Enterprises to stage the Boston tournament. They tipped the legal scales in their favor by financial contributions going toward raffle tickets. Winners of the tournament received the coveted Pulver Cup and bragging rights, but prizes with monetary value went to holders of raffle tickets. Remember, raffles are legal in Massachusetts (and most other states)…Poker is not!

Askin explains, “The Boston event represents an incredibly steep learning curve. Once you’ve pulled it off once, it becomes a lot easier.” Pulver recently dealt Danny Askin, Jonathan’s brother, into the game. “My brother’s come on board to explore the logistics of holding charity poker tournaments on a regular basis,” he says.

“I’ve never looked at poker as a vice. It’s more a game of skill than luck,” Askin says. He explains that playing poker has more in common with participating in a celebrity golf or tennis tournament than shooting craps or spinning a roulette wheel. “It’s interesting that states allow raffles to be held - which involve no skill, only luck - but it’s really hard to pull off a charity poker tournament.”

There’s nothing like a poker tournament to kickoff a conference, according to Askin. “The game lends itself to very dramatic events at very precise, knowable moments that you don’t see in golf or tennis tournaments. I don’t know if I can capture exactly how sociable our event was. When someone yelled ‘I’m all in,’ 100 people would surround the table to see the hand played out.”

“Probably, the greatest thing about kicking off a conference with a charity poker tournament is giving the attendees a chance to get to know each other in an intimate and psychologically revealing way,” Askin says. “If a person plays in a charity golf tournament, they may get to know the other three people in their foursome. With poker, everyone’s table hopping and you end up meeting about 100 people in your industry - people you may end up dealing with professionally.

He adds, “I particularly loved that we had Michael Gallagher, President Bush’s chief advisor on telecom policy and Stan Wise, President of the Association of State Regulators. In the real world, tension heightens the drama at the poker table which, in many ways is a microcosm of the real world. There was one great moment when Mike, the President’s telecom advisor, went ‘all-in’ against Phil Hellmuth. Mike prevailed. That was a priceless moment.”

“You learn things about people while playing poker that you’d never find out otherwise,” Askin says. “You see how they react to pressure and whether they play it safe.” The 5,000 attendees at Pulver Enterprises’ “VON” Conference were given an opportunity to pre-register for the tournament and staggered start times were designed to accommodate varying arrival times.

The credit for being able to focus on charity poker tournaments goes to Jeff Pulver, according to Askin. “Jeff does everything he can for diabetes. He was raised with a very charitable heart.” Pulver’s generosity is a driving force behind development of a matrix for other organizations to model future charity poker events on.
The complexities of holding such an event can’t be fully addressed in the space we have available, but a synopsis of the Boston VON Conference tournament highlights follow:
“Best Bet for the Cure: Charity Poker No-Limit Texas Hold'em Tournament,” was underwritten by Pulver.com with proceeds benefiting the Barton Center for Diabetes Education, Inc. and the Diabetes Research Institute Foundation (DRIF).The sole mission of the DRIF is to support the Diabetes Research Institute (DRI) at the University of Miami School of Medicine, a recognized world leader in cure-focused diabetes research.

The event included extensive gambling action in a professional Vegas-like environment with cocktails and appetizers throughout the tournament. Participant entry fees were largely tax deductible by benefiting diabetes charities.

Winners of the Charity Tournament advanced to the Celebrity Tournament later in the evening. The last player sitting at each event took home the coveted Pulver Cup. In addition, players and other participants purchased raffle tickets at $100 per book of five. Players received 5 free tickets.

The top prize in the raffle was a $10,000 buy-in to the World Series of Poker Main Event in Las Vegas with roundtrip airfare on JetBlue included. An astounding $5 million prize went to the 2004 WSOP winner, with second place receiving $3.5 million. Prizes at the 2005 event are expected to increase considerably. Additional prizes included technology equipment and services related to “voice on net.

Ofer Gneezy, President and CEO of iBasis, won the $10,000 WSOP buy-in. Brian Leske, from the Governor of Massachusetts office, took the Charity Tournament Championship. Shannon Pendergrast was a last minute walk-in, signing up for the opportunity to play against Phil Hellmuth. Pendergrast walked away with the Celebrity Tournament Championship. The late afternoon tournament winner was Vladimir Greysukh. The players agreed that it was the best event they’d ever experienced at a conference.

Adding a regulated activity, such as poker, could present challenges that most fundraising campaign managers are unable to contend with. Askin believes partnerships with state-sanctioned poker rooms or Native American Casinos and the charity poker matrix they’re developing may help alleviate some legal and logistical headaches. He explains, “Organizations would be able to draw from the pool of dealers at Native American casinos and legally hold poker tournaments on their premises.” Since these facilities are already designed for poker games, equipment rental expenses and staffing costs could be reduced by forming partnerships with existing casinos. “Plus, holding an event for charity would be great PR for the casino,” he adds.

Individuals and companies might consider hosting a charity poker tournament to benefit a nonprofit organization or as a novel way to kickoff their next conference or event. Because the mingling of poker and philanthropy is relatively new and legal issues are incredibly complex, learning from those who’ve played’em and laid’em is especially beneficial. Jonathan Askin encourages queries at charitypoker@fundraisers.com.

About the Cause

Pioneering new technologies in islet transplantation and other cellular therapies since the early 1970’s, the DRI has successfully reversed diabetes in patients involved in ongoing clinical trials. The most comprehensive diabetes research facility of its kind, the DRI conducts a broad range of scientific programs focused on gene therapy, pancreatic stem cell development, molecular biology and transplant immunology, among others, to speed the most promising findings from the lab to the patient.

'The DRI continues to make important strides in diabetes research and islet cell transplantation. In fact, we have made more progress in the last three years than in the last three decades, with patients living insulin free for the first time since being diagnosed with the disease,' says Camillo Ricordi, M.D., Stacy Joy Goodman Professor of Surgery and Medicine, and scientific director of the Diabetes Research Institute. Through the dedication of so many generous individuals, like Jeff Pulver, who continues to go above and beyond to support our research initiatives, we will move ahead with our groundbreaking work and fulfill our mission of finding a cure for all people living with diabetes.'
The Barton Center for Diabetes Education is the United State’s largest, independent camping and educational program for children who live with diabetes and their caregivers. Some 1,500 children and their families participate in Barton’s programs annually, including the Clara Barton resident camp, Adventure Programs, Family Programs, and Day Camps in New York, Connecticut and Massachusetts.
John Maconga, President of The Barton Center says, “We depend on fundraisers like the celebrity poker tournament to support our programs so that Children can attend the camps that could not otherwise afford the expense. Jeff Pulver truly recognizes the importance of taking care of our kids today and giving them hope for their future by supporting the camps and research for Diabetes.'

---Dewayne Lumpkin
---Annie Van Bebber

To find out how you can have a Charity Poker Event in your local community send email to charitypoker@fundraisers.com.

Read more about

• Pulver.com click here
• Promotional materials for “Best Bet for the Cure: Charity Poker No Limit Texas Hold'em Tournament,” click here
• For Photographs from the event click here
• For a tournament schedule, raffle prizes
  and sponsor list, click here
• Diabetes Research Institute Foundation click here
• The Barton Center for Diabetes Education click here
• Add your charity event the the Poker Player charity poker database.

Buy-In

Buy-in is the dues (usually cash) every player pays to play at a poker tournament . These dues are put in a prize pool to pay the tournament winner(s).

Typical amount of buy in range from $5/player (small house games) to $10,000/player (world series of poker main event). Sometimes the buy-in is in the form of $50+$5. This means that every player will have to pay $55 to get in the game. However only $50 of it goes toward the prize pool and $5 goes to the “house”. The $5 fee is usually to pay for the host’s costs and profit.

If you are hosting a poker tournament you need to specify the amount of the buy in before the game. Use the following points to choose the best buy-in amount:

• How large (number of players) you want your tournament to be. A larger buy-in translates into fewer players. Therefore, if you want to host a large tournament (Ex. a charity poker tournament), you’ll be better off with a smaller buy-in.
• The amount you and other poker players at the game are willing to lose.
• If you are offering dedicated dealers at every table, free food, or for your own profit, you can add a 10% fee to the buy-in amount.

Advice on Buy-In:

Following are some Buy-In advice and notes to help you run a smooth and organized poker tournament:

Hosting A Poker Tournament For Fundraising Event

• If you are playing for a large amount, it’s better to set longer blind periods such as half an hour. When players pay a considerable amount of money, they want to at least stay in the game for a while. Long blind period stretches the length of the game.
• Players play tighter when the buy-in amount is large. So if you are hosting an expensive tournament with 3 tables or so expect a long tournament (at least 5 or 6 hours).
• As a rule of thumb take cash only for the buy-in money. There will always be players that “forgot” to bring cash with them or want to play on a loan. Keep in mind that YOU (the tournament host) are responsible to pay the winner at the end. So make everyone pay up front. You can simply tell players in question that you “don’t have enough cash at home to cover them”.
• Write down the name of all players and mark their names “Paid” once you take the buy-in money from them

Rebuys

Imagine you’re hosting a tournament with 15 players and your friend busts out early. He has to sit around and watch everyone play until a new game has started. This is where rebuys come in. The rebuy allows the player who just lost all of his chips to buy back in the tournament.

Imagine you’re hosting a tournament with 15 players and your friend busts out early. He has to sit around and watch everyone play until a new game has started. This is where rebuys come in. The rebuy allows the player who just lost all of his chips to buy back in the tournament.

• The rebuy amount should be the same amount as the original buy-in amount.
• Players who rebuy should get the same amount of chips as they received in the beginning of the game.

Advice on Rebuys

A rebuy tournament has it’s own rules and constraints. Following are the most important ones:

• The number of times that players can rebuy should be set before the game starts. It can be 1, 2, 3 or unlimited.
• Rebuys are only allowed in a limited amount of time in the beginning of the tournament. This time is usually set by the number of times that the tournament blind has increased. For example 2 rebuys per player can be allowed during the first 3 blinds.
• Rebuys can be allowed when a player loses all of his chips or the his chip count goes under a certain level. For example in a tournament where players start with 2500 in chips, rebuys can be allowed when a player’s chip count goes under $500. This rules has to be set prior to starting the tournament.

• Players can only add enough chips to make their stack the original amount. In the above example if a player loses his chips down to 400, he can do a rebuy, but only receive 2100 in chips from the tournament manager.

• If the player wants to rebuy when he still has chips (less than 500 in the above example) he will still have to pay the full amount for rebuy.

Hosting A Poker Tournament For Fundraising Parties

• If you do allow rebuys in your poker tournament, make sure you write down the name of players who rebuy with the number of time they have re-bought.

Once you decide to have rebuys at your tournament, you need to decide how many re-buys you want to allow per player. There are two different ways that you can handle this:

• Limited rebuy: A limited rebuy is when each player can rebuy only certain number of times. After rebuying that many times, he/she is out of tournament.
• Unlimited rebuy: In an unlimited rebuy tournament, players can rebuy (buy back) as many times as they want, until the rebuy period is over. A good tournament structure would be to allow unlimited re-buys during the first two/three blinds. Unlimited rebuy also creates larger prize pools.

A poker tournament that does not allow rebuys is called a freezout tournament.

Effects of rebuy on the game:

• Once rebuys are allowed in a tournament players know that they can buy back if they bust out so the game tends to be looser than normal. This varies by the amount of buy-in and rebuy, but in general you are going to have a looser game with rebuys than without rebuy.
• Rebuys tend to create large prize pools. Let’s say if you have a $10 buy in with unlimited re buys for the first hour with 16 players. Without the rebuy you will have $160 in the prize pool. With the rebuy your prize pool usually doubles or triples. The reason for that is $10 is not much and once people lose they want to get back in the game so they spent another $10 and mostly don’t keep track of how many times they’ve bought in.

Basic Strategy Tip

Hosting A Poker Tournament For Fundraising Cards

If you are playing at an unlimited rebuy tournament, try to double and triple up fast, but don’t play too loose, and keep in mind if you are doing a rebuy for the fourth or fifth time, you probably should call it the night. After your fourth or fifth rebuy, other players stacks are going to be much larger than the original stack (which is what you would get if you rebuy). This makes it every hard (if not impossible) for you to catch up and be able to make plays if you are re-buying late in the tournament.