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Old 04-22-2007, 03:37 PM
limbosongs limbosongs is offline
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Join Date: Jul 2006
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Default $EV, ROI and satellites

This is something that has come up recently in a discussion and I am looking for opinions.

When we get to bubble situations in tournaments we might consider our $EV to decide if a marginal decision is correct given the equity gained compared the the equity lost. $EV is an absolute value based on the buy in.

If I have satellited in, the $EV means more to my bankroll than to someone who bought in. When I get to the same early paying positions which pay multiple places, the effect of missing out on the bubble on my bankroll is huge.

Surely the correct way to consider $EV is infact ROI-EV. The result of this is that the early paying positions are clearly more important to the satelliters than to players who are rolled for the game. Therefore it is correct for the satelliter to pass up some edges which are both marginally +cEV, +$EV but -ROI-EV from the view of the effect this money has on our ability to play future games and those stakes etc.

I am considering that the player who satted in was bankrolled for the satellite and not for the game they got into.

Basically should the fact that you satellited into the game and not bankrolled affect your decision making on money bubbles?
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