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#1
11-26-2007, 03:06 PM
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17 way chop - was it a good decision
Blinds 5k/10k, 17 players left, 20 got paid. $25 buy in, Chip leader had around 70k, short stack had about 15, I was sitting around 55k. Decided to chop 17 ways for $240 a piece (4th place money). Was this a good chop?
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#4
11-26-2007, 03:13 PM
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Re: 17 way chop - was it a good decision
[ QUOTE ]
No, but when the chipleader only has 7 bb, the only move is all in preflop for everyone [/ QUOTE ] So the short stacks will be dropping like flies, why pay them off?
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#5
11-26-2007, 03:15 PM
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Re: 17 way chop - was it a good decision
chopping 17 ways just seems like a ridiculous waste of time
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#6
11-26-2007, 03:17 PM
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Re: 17 way chop - was it a good decision
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
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#7
11-26-2007, 03:17 PM
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Re: 17 way chop - was it a good decision
[ QUOTE ]
[ QUOTE ] No, but when the chipleader only has 7 bb, the only move is all in preflop for everyone [/ QUOTE ] So the short stacks will be dropping like flies, why pay them off? [/ QUOTE ] Everybody's a short stack
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#8
11-26-2007, 03:21 PM
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Re: 17 way chop - was it a good decision
[ 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?
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#9
11-26-2007, 03:24 PM
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Re: 17 way chop - was it a good decision
[ 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.
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#10
11-27-2007, 09:59 AM
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Re: 17 way chop - was it a good decision
[ QUOTE ]
Mathematically I don't think it was too bad - your chance of finishing less than 4th was very high. [/ QUOTE ] This is not the right way to think about it, because the reward for finishing higher than 4th is significantly more than the penalty for finishing lower than 4th. You can't just estimate his average finishing position and then take the payout for that to determine his EV. The more steep the payouts, the worse this deal becomes. I would guess it was a bad chop with regard to tournament $EV, but like others have said, there may be other considerations.
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