Some "higher" STEPs math.

[buddybudrow]

Turns out I have been blowing smoke for the last few hours. Sure glad I spent all that time doing meaningless and incorrect calculations. See what beer deprivation can do to the brain?

[youngladyfriend]

Beer deprivation is certianly unfortunate. However - after reading this incredibly mathematic discussion I need another beer. I'm very impressed with all the work I've witnessed. And now I'm also impressed that Party Poker came up with such a clever way of making another billion dollars this year. Most people out there certianly don't see the STEPS as you fine poker mathemeticians. They see it as a $33 chance to win $150,000. (Just like on TV!) So, I think you need to re-do your math because the people responding to this are obviously smarter than the "average" player that is being sucked in by the pipe dream of the STEPS tourney.
I meant that.
Did it sound sarcastic?
Ugh that happens when I've had some beer.

*youngladyfriend

[adanthar]

So here's an interesting question: if you buy in directly to S4H but not S5H, how much better than the competition must you be for you to make money at the S5H's? Assume that the players are exactly the same in both tournaments.

[buddybudrow]

After my FUBAR I have decided to refer all such questions directly to Apathy.

[ilya]

What about the 72.3 times you get $25 cash, the 14.46 times you get $21, and the 0.365 times you get $90? That adds up to $2144.01, so wouldn't the cost of getting to a step5 be $21714.99 for the average player?

[buddybudrow]

Good catch. With these improved odds I may have to take a stab at winning the $100K.

[Benholio]

What if you have a 25% ROI in step 1, 20% ROI in step 2, 15% in step 3, 10% in step 4? How much does it cost then?? [img]/images/graemlins/grin.gif[/img]

[Apathy]

[ QUOTE ]
So here's an interesting question: if you buy in directly to S4H but not S5H, how much better than the competition must you be for you to make money at the S5H's? Assume that the players are exactly the same in both tournaments.

[/ QUOTE ]

I think this can all be derived from the original equation mannika showed us, that I put in my RESULTS post.

The thing is though If you are buying in direct to STEP 4 my guess is if you won a STEP1 or even STEP2 freeroll you wouldn't even want to use it. So essentially you are paying more then 10% rake. I'm not sure there's more then 5 players on the internet right now (perhaps less, maybe even 0) that could beat this rake against the typical line up you would face in higher STEP 4.

[Apathy]

[ QUOTE ]
What about the 72.3 times you get $25 cash, the 14.46 times you get $21, and the 0.365 times you get $90? That adds up to $2144.01, so wouldn't the cost of getting to a step5 be $21714.99 for the average player?

[/ QUOTE ]

Very true I left them out for simplicities sake but I didn't think it would be as much as 2k, if your math is right It's still pretty amazing that you pay (on avg.) more then 6k in rake to get into a $15,000+500 tourney.

[curtains]

Forgive me but I dont understand this math too much. What if you play the normal steps, say at the 200 or 500 level. Whats the deal with them?