Re: Conjecture and Question
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Even though chips were issued at a 1chip = $1 scale, they don't pay that way.
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This is why.
It doesn't need to be big and mathematically funky, with odd proofs and analogies.
edit: make it a SNG. You go all-in with all but one other player and win....you have 9 tenths (or 8 ninths) of the chips but only a max of one half of the prize pool equity (actually a bit less).
Reedit: Doh! one half not one third.
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