Re: Conjecture and Question
The reason I always assumed this to be true (not sure if it is correct) is because when you assume you have a 40k equity at the start of the tournament because you have a certain probability to finish in every position (ie an A% chance to finish 1st, B% to finish 2nd.... X% chance to finish in Xth place) doubling up does not double the probability of each occurrence. Although your % chance to finish in 1st place may be 2A% (it could be more or less than double also), other money finishes will not neccessarily double, and may decrease to make up for your increased likelihood of finishing higher. Not sure if this is correct but thats why I there is a diminishing return of chips. However, as the tournament field increases, I think the gain in $EV increases as well.
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