hansarnic
06-09-2004, 11:59 AM
Here’s my method for calculating tournament EV with more than two players. Have used 3 to make it easy to follow. Stack sizes are:
Player A 10,000
Player B 5,000
Player C 5,000
Prize money is $25k for 1st, $15k for 2nd and $10k for third.
There are six possible outcomes in terms of final positions:
ABC
ACB
BAC
BCA
CAB
CBA
One can calculate the % chance for each as follows, let’s use ABC as the example.
A’s chance of winning it is 50% as he has half the chips. If so, B and C have an equal chance of finishing second. Therefore the chance of scenario 1 (and of 2) is 25% (50% x 50%). Whereas for CBA:
C’s chance of winning is only 25%, and when he does B will claim second only 33% of the time as he is currently outchipped 2:1. Therefore the chance of the CBA scenario is only 8.33%.
Multiply the chance by the prize money for each scenario and you have the current EV for each player (A = $19,167, B and C = $15,417).
Assuming equal skill levels for all players, is this correct?
Player A 10,000
Player B 5,000
Player C 5,000
Prize money is $25k for 1st, $15k for 2nd and $10k for third.
There are six possible outcomes in terms of final positions:
ABC
ACB
BAC
BCA
CAB
CBA
One can calculate the % chance for each as follows, let’s use ABC as the example.
A’s chance of winning it is 50% as he has half the chips. If so, B and C have an equal chance of finishing second. Therefore the chance of scenario 1 (and of 2) is 25% (50% x 50%). Whereas for CBA:
C’s chance of winning is only 25%, and when he does B will claim second only 33% of the time as he is currently outchipped 2:1. Therefore the chance of the CBA scenario is only 8.33%.
Multiply the chance by the prize money for each scenario and you have the current EV for each player (A = $19,167, B and C = $15,417).
Assuming equal skill levels for all players, is this correct?