Re: 17 way chop - was it a good decision
 

[ QUOTE ]
[ QUOTE ]
Meh. I'd want to keep playing, but it sucks being the only holdout to a chop. If you're comfortable with being singled out and having people gun for you, then keep playing - otherwise just chop and get to the cash game.

[/ QUOTE ]

I think the cash game point is key. How likely are the remaining tourney players to leave? Will they join cash games with their $240 windfall? What's your cash game edge here?

Getting out of the tournament and into the cash games my very well be your best move here. The chop may not be the best move for the tournament, but the tournament doesn't exist in a vacuum. I occasionally just show up at one particular casino on tournament night because it's the only time they get a 2/5 going. This game is great. I don't even enter the tourney because it's -EV versus being in the cash game as the early bustouts roll through. By the time the tournament is over, most of the easy money has already been scooped up.

[/ QUOTE ]

Cash game wasn't an option. I had to leave after the tournament. I hate having a real job I had to get back to on Monday.

Re: 17 way chop - was it a good decision
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]

You could play a little while longer and let 3 or 4 more players bust-out and then take a chop at 12 players or something if you want.

[/ QUOTE ]

The structure for this must be very top heavy with big jumps from 4-3-2-1 if 17 people chopped and all shared 4th place money. I wonder if he wouldn't have to get down to 8 or 9 to really move up the payout significantly?

OP, what was the original payout structure?

[/ QUOTE ]

I don't know the exact structure but I do know what the payments were for the 3 people that were eliminated. To get over $100 I would have had to atleast get 8th if I remember correctly -
20- $27
19 - $35
18 - $45

[/ QUOTE ]

I meant that for you to really move up well over the $240 you got you'd have to have chopped with about 8 or 9.

Re: 17 way chop - was it a good decision
 

This is a silly thread.

By virtue of the fact that you could have leveraged your hold out status to get an extra $20 from each person you passed up enormous equity with the chop

By virtue of the fact that you could have sat back and waited until people busted before agreeing to a deal you passed up marginal equity with the chop.

By ICM theory you passed up equity with the chop

If you had posted this thread in the MTT community forum with a poll it would go at least 70/30 'bad deal' from an equity standpoint.

We, as poker players posting on an internet forum can not tell you if it was a good deal for you or not. Maybe you didn't want to play poker anymore. Maybe you have no confidence in your pushbot abilities. Maybe you gain intangible value out of not being the hold out (of course this is laughable, imagine having a hand that is 40/30/30 in a 3 way all in in a cash game and agreeing to an even money chop because you got guilted into it by peer pressure). But if these intangibles have value to you that is more than the money (equity in the long run) which you obviously passed up by taking the deal then I guess it was a good deal for you.

Re: 17 way chop - was it a good decision
 

[ QUOTE ]
This is a silly thread.

By virtue of the fact that you could have leveraged your hold out status to get an extra $20 from each person you passed up enormous equity with the chop

By virtue of the fact that you could have sat back and waited until people busted before agreeing to a deal you passed up marginal equity with the chop.

By ICM theory you passed up equity with the chop

If you had posted this thread in the MTT community forum with a poll it would go at least 70/30 'bad deal' from an equity standpoint.

We, as poker players posting on an internet forum can not tell you if it was a good deal for you or not. Maybe you didn't want to play poker anymore. Maybe you have no confidence in your pushbot abilities. Maybe you gain intangible value out of not being the hold out (of course this is laughable, imagine having a hand that is 40/30/30 in a 3 way all in in a cash game and agreeing to an even money chop because you got guilted into it by peer pressure). But if these intangibles have value to you that is more than the money (equity in the long run) which you obviously passed up by taking the deal then I guess it was a good deal for you.

[/ QUOTE ]

I know I made a bad deal. I just wanted to see what the opinions of others would be.

Re: 17 way chop - was it a good decision
 

Since they were putting pressure on you, and you received 4th place money, I don't that it's that bad of a play. I may have waited until a few more small stacks busted out though.

Re: 17 way chop - was it a good decision
 

It becomes a crapshoot with the blinds that high. It was only a $25 buy-in tourney, I don't think 4th place money is that bad of a chop when you have a chance of calling a shortstacks all-in with a sub par hand and losing half your chips. I probably would have made a similar deal at that point if it was available, I guess maybe try and wait out a few more people. It also really depends on the competition and everyone's attitude about the blind-size in relation to their stack.

Re: 17 way chop - was it a good decision
 

[ QUOTE ]
It becomes a crapshoot with the blinds that high.

[/ QUOTE ]

Where he has loaded dice that favor him.


[ QUOTE ]
It was only a $25 buy-in tourney, I don't think 4th place money is that bad of a chop when you have a chance of calling a shortstacks all-in with a sub par hand and losing half your chips.

[/ QUOTE ]

Or winning that hand where you're favored, and improving your equity, and then winning the whole thing for a lot more than $240.


The phrase "4th place money" holds very little meaning here without knowing the actual numbers.

Re: 17 way chop - was it a good decision
 

[ QUOTE ]
[ QUOTE ]
It becomes a crapshoot with the blinds that high.

[/ QUOTE ]

Where he has loaded dice that favor him.


[ QUOTE ]
It was only a $25 buy-in tourney, I don't think 4th place money is that bad of a chop when you have a chance of calling a shortstacks all-in with a sub par hand and losing half your chips.

[/ QUOTE ]

Or winning that hand where you're favored, and improving your equity, and then winning the whole thing for a lot more than $240.


The phrase "4th place money" holds very little meaning here without knowing the actual numbers.

[/ QUOTE ]

$240 was 4th place payout.

Re: 17 way chop - was it a good decision
 

[ QUOTE ]
$240 was 4th place payout.

[/ QUOTE ]


I know that; I even mentioned it in my last post.

My point is that people are saying "you got 4th place money and probably wouldn't have finished 4th" which is a horribly incomplete and misleading way of looking at it.

Re: 17 way chop - was it a good decision
 

I'd have probably hung in there for a few more hands, and a few more KO's...

Then again, I have a strong understanding of M, stack size, and tourney strategy. Thanks Harrington on Hold Em!