I'm sure many of you have already read Daniel Negreanu's explanation in his blog as to why he decided not to play in the first Epic Poker League tournament (or, apparently, any subsequent ones). I'm sure I'm not the only one that was left with the feeling that there is something missing from the explanation.
The only real difference I see between this league and something like the WPT is:
-much tougher field in the EPL means that even with $400k added most of the field will still be -EV, while the truly elite players, like a Vivek Rajkumar or a Sam Trickett will feast on the bankrolls of lesser skilled pros.
-no real Cinderella stories at the final tables....
For the truly elite players, this is free money for them in terms of EV, but the vast majority of entrants are just not good enough to show a profit against this super tough field.