17 way chop - was it a good decision

[budblown]

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This is a silly thread.

By virtue of the fact that you could have leveraged your hold out status to get an extra $20 from each person you passed up enormous equity with the chop

By virtue of the fact that you could have sat back and waited until people busted before agreeing to a deal you passed up marginal equity with the chop.

By ICM theory you passed up equity with the chop

If you had posted this thread in the MTT community forum with a poll it would go at least 70/30 'bad deal' from an equity standpoint.

We, as poker players posting on an internet forum can not tell you if it was a good deal for you or not. Maybe you didn't want to play poker anymore. Maybe you have no confidence in your pushbot abilities. Maybe you gain intangible value out of not being the hold out (of course this is laughable, imagine having a hand that is 40/30/30 in a 3 way all in in a cash game and agreeing to an even money chop because you got guilted into it by peer pressure). But if these intangibles have value to you that is more than the money (equity in the long run) which you obviously passed up by taking the deal then I guess it was a good deal for you.

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I know I made a bad deal. I just wanted to see what the opinions of others would be.

[LateNiteRush]

Since they were putting pressure on you, and you received 4th place money, I don't that it's that bad of a play. I may have waited until a few more small stacks busted out though.

[myxter7]

It becomes a crapshoot with the blinds that high. It was only a $25 buy-in tourney, I don't think 4th place money is that bad of a chop when you have a chance of calling a shortstacks all-in with a sub par hand and losing half your chips. I probably would have made a similar deal at that point if it was available, I guess maybe try and wait out a few more people. It also really depends on the competition and everyone's attitude about the blind-size in relation to their stack.

[MCS]

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It becomes a crapshoot with the blinds that high.

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Where he has loaded dice that favor him.


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It was only a $25 buy-in tourney, I don't think 4th place money is that bad of a chop when you have a chance of calling a shortstacks all-in with a sub par hand and losing half your chips.

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Or winning that hand where you're favored, and improving your equity, and then winning the whole thing for a lot more than $240.


The phrase "4th place money" holds very little meaning here without knowing the actual numbers.

[budblown]

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It becomes a crapshoot with the blinds that high.

[/ QUOTE ]

Where he has loaded dice that favor him.


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It was only a $25 buy-in tourney, I don't think 4th place money is that bad of a chop when you have a chance of calling a shortstacks all-in with a sub par hand and losing half your chips.

[/ QUOTE ]

Or winning that hand where you're favored, and improving your equity, and then winning the whole thing for a lot more than $240.


The phrase "4th place money" holds very little meaning here without knowing the actual numbers.

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$240 was 4th place payout.

[MCS]

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$240 was 4th place payout.

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I know that; I even mentioned it in my last post.

My point is that people are saying "you got 4th place money and probably wouldn't have finished 4th" which is a horribly incomplete and misleading way of looking at it.

[Spiffysean]

I'd have probably hung in there for a few more hands, and a few more KO's...

Then again, I have a strong understanding of M, stack size, and tourney strategy. Thanks Harrington on Hold Em!