Re: Response to Sklansky\'s article \"Chips Changing Value in Tournament
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I haven’t read that post, nor Snyder’s book. I’ve only read Snyder’s articles. He’s clearly wrong when he claimed utility value in his heads-up equal skill example, which I proved.
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Hi George:
None of this is addressed in Snyder's book. It only came up, as far as I can tell, because I pointed out that in his book he analyzed the tournaments as if they were winner take all and not percentage payback. Instead of admitting the error and agreeing that it has only a small effect for most of the tournament, Snyder has been trying hard to prove that he was right anyway and that his book was written as a response to us.
If it wasn't so sad, all of this would be mildly entertaining. Snyder was someone who many of us, including myself, have respeceted for many years as a legitimate gambling authority and an honest voice in this field. That's all over now.
Best wishes,
Mason
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