Foxwoods $5k NL HU Deal

[elstunar]

While I don't disagree that you can buy almost anything you want for the right price, I'm not selling the title if I'm in JB's position b/c 1) I don't sell out, 2) I have a good chance of beating him HU and 3)the money doesn't make THAT big of a difference.

I have no problem with making a deal, and still having a chance for 1st or whatever, but I'm not taking money to pretend that this guy is the champ.

[Rekwob]

thats nice and all but the question was from the view of someone not interested in glory, so what you would do isnt really that important? i would play on as well unless i can get a good deal and play on for the win, but im not in bax's situation

[FortunaMaximus]

[ QUOTE ]
thats nice and all but the question was from the view of someone not interested in glory, so what you would do isnt really that important? i would play on as well unless i can get a good deal and play on for the win, but im not in bax's situation

[/ QUOTE ]

Maximize your equity, obviously, from a position of strength. You hardly need a MBA to realize that.

[Jonathan]

First, you should figure out what your equity is solely
based on chip counts, assuming equal skill levels. 1st place
pays 369,919 while second place pays 187,132 so the amount
in contention is 181,787. You have 905,000 of a total 2,280,000
of the chips in play, or 39.69%. So you are entitled to
(.3969)*(181787) + 187,132 = 259,289, and your opponent is
entitled to the balance, or 296,762.

So the "fair settlement", assuming equal skill levels
and assuming you battle for the title, would be:

BAX 259,289
LEE 296,762

But,
1. You are stronger, and
2. He wants first uncontested

so the question devolves into putting a dollar figure on these two items.

For item 1, you say you are "confident" that you can
beat him heads up, but with the blinds rising you will
have an M of only 13 or so. With those relatively short
stacks, I doubt your edge is much more than 5% (if you don't
like this number, just pick another one and adjust accordingly).
Using 5%, he would need to pay you (.05) * 181,787 = 9089,
or say 10K for the difference in skill.

Item 2 is really hard to judge. I would think that 15k
is a reasonble price to charge for letting him have the
title, but certainly not less than 10K.

So you should get an extra 25K or so making the final
settlement:

BAX 284,289
LEE 271,762.

I answered your post before reading any of the other
responses so I am curious to see what the others think.

My guess is that you ended up splitting the cash 50-50,
in which case you clearly shortchanged yourself. Am I
right?



Suerte,
Jonathan

[shaniac]

[ QUOTE ]
I am always amazed at the people who say they just want the title, but they don't want to actually play for it.

[/ QUOTE ]

I think once the tournament is chopped up, there is no more real "title" to play for, you've agreed to share it. I hate the idea of chopping a tournament that you still have to play out (one of the main benefits of chopping is not having to grind it out shorthanded all night) and believe that when a tournament gets chopped, the person walking away with the most money should get the trophy, too. Now, in this case, where Bax's opponent finds sentimental value in the trophy, and he's therefore agreeing to give up monetary value in exchange for his own vanity, it's definitely a bargaining chip for Bax to use.

[adanthar]

enough titles = book deals, no chop.

[ronbo1964]

I missed the end of this tourney ... You guys were down to four, I think, when I left ... After Bellande (sp?) got knocked out with the AA vs 99 hand, things went quiet for awhile until the flurry of shortstacks getting knocked out ... I came back Sunday, but never heard who won ... Results ???

Back to that Jean-Robert hand, if you remember it, can you comment ??? Bellande called awfully quick with the Aces when he was check-raised all in ... I'm guessing he was putting the other guy on TPTK, but I thought to myself that he should have thought it through a bit more than the 2-3 seconds he did ...

[AMT]

i do like the idea of playing for it, as i believe your edge as you describe the situation is pretty big, but if hes willing to give you a HUGE monetary boost that far exceeds your equity as the situation stands, id take it, and ask for 300, and not take less than 250k

[JohnnyBax]

So, this is how it went down. We got heads up and Bernie asked me to take a walk with him. He asked me if I'd like to make a deal and I suggested we could save $50k. We agreed on this, then he came back and said he really wanted to end it soon so he could drive home(it was probably 11:30pm at this time) and see his kids in the am before coming back for the main event. He suggested I give him the title, and in exchange he offered me $100k over 2nd place $. This would give me $287,132 v his $ 268,919.

I had a really hard time turning this down. The way I figured it, $287k was probably more than my equity. So, if I didn't accept the deal, then I'd be giving up equity for the chance at the title, thus I'd be buying a chance at the title. This seems like being a little selfish at the expense of my family, so I decided to accept the deal.


Bax

[JohnnyBax]

Jean-Robert's call with AA was very easy. He slowplayed his hand pre by just smooth calling Tracy's EP raise right behind him. When Tracy ck-raised Bobby's 50k bet on the K9x flop ai, Bobby got what he wanted(except that Tracy had flopped a set). There was no way in the world to get away from AA there.

Bax