Staking Situation/Math Problem/Maybe I\'m just stupid.
This situation just came up and I'm thinking...
My friend has a makeup of -8.7k and wants to play a 500$ PLO donkament. Pretty sure he is probably slightly -EV. However, is it possible for a -EV investment (say he has a -5% ROI) to be +EV given the fact of the makeup? I can't make mathematical sense of it in my head if you think in terms of expectation, but if you think of it in term of sample size/results (i.e. he gets 1st place X% of time, 2nd place X% of time and so on and so on) can it be a +EV investment? So should he be staked? Someone smarter than me tell me if I'm completely off or spot on? |
Re: Staking Situation/Math Problem/Maybe I\'m just stupid.
Maybe because the makeup means u get 100% of his profits up to 8.7k and then the standard 50% or whatever on the rest? I'm not sure if that makes sense.
But when you say you think he is -ev, do youmean his actualy expectation is negative in the tourney or that it is -ev for you to stake him in it since his edge isn't big enough? If he's actually -ev in the tourney I don't see how it can be +ev even with make up |
Re: Staking Situation/Math Problem/Maybe I\'m just stupid.
Think of it this way. You get 100% of his first 8.7k and then a % of the rest. But even if you got 100% of his cash, him being a losing player makes it -EV for you.
So stop staking your friends who are bad poker players. Dice |
Re: Staking Situation/Math Problem/Maybe I\'m just stupid.
ONE TIME!
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Re: Staking Situation/Math Problem/Maybe I\'m just stupid.
yep just stupid
this is why makeup is retarded though (actually it's not why makeup is retarded, but makeup is retarded) |
Re: Staking Situation/Math Problem/Maybe I\'m just stupid.
I dont think makeup is retarded, if its not in there they could easily go through half the stake, take shots / play bad and then go lol [censored] you afterwards because it doesn't matter to them. I'd say makeup is pretty mandatory in most staking deals just for the psychological factor.
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Re: Staking Situation/Math Problem/Maybe I\'m just stupid.
if he's -EV... it's -EV for you. You have 100% of him until he makes $8k. And if it's -EV for you if you ahve 100%, it's certainly -EV for you if you have to give 40% away over $8k.
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Re: Staking Situation/Math Problem/Maybe I\'m just stupid.
but....
[ QUOTE ] ONE TIME!! [/ QUOTE ] |
Re: Staking Situation/Math Problem/Maybe I\'m just stupid.
SM,
Is this the guy trying to get a stake? How much back and fourth double talk did it take for him to convince you any of this can possibly make sense? http://img262.imageshack.us/img262/7...0062061sy3.jpg |
Re: Staking Situation/Math Problem/Maybe I\'m just stupid.
wait, so you give -ev players 40% in stakes? sick
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