17 way chop - was it a good decision

[Toro]

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No, but when the chipleader only has 7 bb, the only move is all in preflop for everyone

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So the short stacks will be dropping like flies, why pay them off?

[People_Mover]

chopping 17 ways just seems like a ridiculous waste of time

[EWS87]

the first mistake seems like playing a tournament with a structure where this can happen

but yea most people are probably going to panic and start shoving...this chop doesnt make that much sense...wait it out play proper shortstack strategy and pick your spots

[budblown]

[ QUOTE ]
[ QUOTE ]
No, but when the chipleader only has 7 bb, the only move is all in preflop for everyone

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So the short stacks will be dropping like flies, why pay them off?

[/ QUOTE ]

Everybody's a short stack

[ATrebek]

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So the short stacks will be dropping like flies, why pay them off?

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Mathematically I don't think it was too bad - your chance of finishing less than 4th was very high. That of course assumes you wouldn't have another opportunity to chop at a later time for more money, which is almost certainly not the case.

A 17 way chop is pretty lame. I would rather take my chances and talk about a chop when we get to 6-8 players. What was the approx total prize pool?

[budblown]

[ QUOTE ]
[ QUOTE ]

So the short stacks will be dropping like flies, why pay them off?

[/ QUOTE ]

Mathematically I don't think it was too bad - your chance of finishing less than 4th was very high. That of course assumes you wouldn't have another opportunity to chop at a later time for more money, which is almost certainly not the case.

A 17 way chop is pretty lame. I would rather take my chances and talk about a chop when we get to 6-8 players. What was the approx total prize pool?

[/ QUOTE ]

Total prize pool was around 4200. Everybody wanted to chop at 20 players when the blinds were 3/6k but I was the only one who objected and then when the blinds raised to 5/10k with 17 players and the chip leader only had 7bb I decided to agree with the chop.

[ATrebek]

Meh. I'd want to keep playing, but it sucks being the only holdout to a chop. If you're comfortable with being singled out and having people gun for you, then keep playing - otherwise just chop and get to the cash game.

[rivermetimbers]

i agree, everyone else would be extremely pissed with you (probably) if you didnt chop the second time around.... also it probably wasnt worth wasting ur time sticking around/ gambooling if you could take 4th place money right then and there

[MicroBob]

Would be somewhat amusing to try to bargain for a little bit more in the chop since your stack was larger and everyone was so interested in doing it.

Being the only holdout definitely sucks.
But if it was just a situation of whether you took bad value by accepting a chop the answer is almost certainly yes...although this depends on the payout structure, where the button is, how long until the blinds move up again and how much they move up...etc etc.
In other words, there actually isn't enough information given to 100% accurately determine if the chop was a good idea.

If you were going to be in the BB in a couple hands and the blinds were going to move up to 25k-50k before it got to you then chopping was obviously a good idea.

But in most situations and making assumptions on the payout structure and how quickly the blinds are moving up I think you made a bad decision value-wise to accept the chop.

Just because the largest stack has 7 BB's and it's a shove-fest doesn't mean you have to knock yourself out first if you keep playing. All those short-stacks are going to be dropping out REALLY damn fast.

[daveT]

They will be dropping out really damn fast, but it only takes one bad hand for you to be in jeopardy. The only thing I could say is never play in this tourney again. That is a terrible structure. With 5 BBs, it is unlikely that you would make it to 4th place. With one more ante raise and you are still back to square one.

I call it a good chop and a bad deal.