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#1
05-02-2007, 03:33 AM
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Disgusting Chop--Need Feedback
My bankroll is zip.
Tonight I bought into a $60 freezeout (live) with 80 players and narrowed it down to 3. 1st = 1530, 2nd = 890, 3rd = 720. I had a sick CL at the final table 100,000 out of 240,000 total, but lost a few hands against short stacks, stole a few hands against short stacks, and was at 100,000 with 3 people left. One gets in with 44 and I call 66 preflop, flop a set, he turns a 4, and rivers a 4. I just hand to include that b/c it was so sick. Anyway--the chop I took was 1,080 for all three of us, even though I had approx 1.7x their chipstack(s). I felt way out of my comfort zone playing for a significant amount of money, and took an easy out. In addition, I had a lot of respect for one of the players (zero for the other). How disgusting is this chop? 
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#2
05-02-2007, 04:23 AM
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Re: Disgusting Chop--Need Feedback
meh, I've seen worse
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#3
05-02-2007, 05:59 AM
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Re: Disgusting Chop--Need Feedback
Assuming a 17-10-10 chip distribution your theoretical EV was about $1150, so it "cost" you $70, so not a big deal.
But don't forget to think about what you're already guaranteed in these spots. You're not "locking up" $1080 with the deal, you already have $720 and you're "locking up" another $360. Looking at it like this might help you in the future to make a decision that you feel better about afterwards.
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#5
05-02-2007, 01:19 PM
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Re: Disgusting Chop--Need Feedback
It is not too bad tbh. Nice little return on your $60 investment. Feel good about it.
Btw, the maths is wrong. I assume the 890 2nd place should actually be 990? That would leave total prizepool of 3240 / 3 = 1080? Bear in mind that everyone has won $720. You are now fighting over a $1080 prizepool that is going to be split 810 / 270 / 0 if you play on. The chop you agreed turned that into a 360 / 360 / 360 split. If you pushed it to a 500 / 290 / 290 split you would have got a very good edge on the deal and probably could have convinced them to agree: 1220 / 1010 / 1010. But as you will probably realise, the difference is not that significant and if the money means a lot to you; sacrificing some edge in equity is compensated for by removing the spectre of variance and the possibillity of a 3rd place finish for $720 (which would really suck). Hope the above helps. Good luck.
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#6
05-02-2007, 02:15 PM
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Re: Disgusting Chop--Need Feedback
With 0 bankroll, this is much better then $720.
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#8
05-05-2007, 05:04 AM
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Re: Disgusting Chop--Need Feedback
I think you made a wise choice if you are admitting to yourself that the thougth of losing that extra few hundred $'s may affect your play, this is fine.
one thing you may consider when doing such a deal in the future is cutting yourself an even split for X amount and leaving a little bit in for a first place finish, so you still get a pay day if you win the thing.
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