17 way chop - was it a good decision

[NickMPK]

I don't think you should chop here. If you are the only hold-out, why not at least wait until a few more people are eliminated or you are down to the final table? You are in very little danger of being one of the next few out as long as you don't do anything stupid. I would try to accumulate chips against the smaller stacks, and if someone doubles through me and I get short, then I agree to the chop.

[Diamond Lie]

Are you really playing this thing w/ such a miniscule buy-in for anything other than a decent payout?

Fine, you're all short stacks. I would use the little edge I have over everyone else who is shorter and gambool. I would rather take a chance at winning a decent sum of money than a 17 way chop


What are the top payouts btw? That obviously helps to determine this

[dizzle98]

I think in this kind of tourney you want the chop at some point. The question is can you wait until a few more shorter stacks get knocked off and then get the chop? Or by that time will everyone basically in "F U" mode because you twice said no to it. The problem you're facing is that not only are you dangerously low on chips, but when it's your BB you're nearly committed to calling the random all-in of any other short stack almost regardless of your cards.

I don't think the chop here is horrible. Obviously better later if there are multiple players at the 2bb level. So I like the chop here better than playing it all out, but less than I like chopping later if you can swing it that way also.

[budblown]

[ QUOTE ]
Are you really playing this thing w/ such a miniscule buy-in for anything other than a decent payout?

Fine, you're all short stacks. I would use the little edge I have over everyone else who is shorter and gambool. I would rather take a chance at winning a decent sum of money than a 17 way chop


What are the top payouts btw? That obviously helps to determine this

[/ QUOTE ]

I wanna say it was something like this.

3rd - 300
2nd - 500
1st - 750

[ATrebek]

If those figures are accurate you would need to finish in the top 4 > ~13.6% of the time to show any profit over the 17 way chop. Maybe a chop isn't so bad here. I still say play on.

[dizzle98]

The other question is what are the other stacks like, not just chip leader & short stack. If you think they will all take a chop at any time then how many people are likely to go out in one orbit? If everyone has 50k or so like you then chop...if almost everyone has 20k then you know half of them are probably going out in one orbit or so. In which case you wait for half the field to bust then do the chop. (also depends how often you play here, being the only one to say no-chop might not be so great when you're shortstack next time and everyoen remembers)