Live Tourney Horseshoe, Tunica (Advice on a "DEAL")

[Dentist]

With 5 players left:

I am the chip leader with 120,000
2nd = 80,000
3rd = 40,000
4th = 35,000
5th = 7,500

Blinds were at 2000-4000 with 500 ante.

Prizes:
1st = 5700
2nd = 3500
3rd = 1800
4th = 1200
5th = 875

Player proposed a deal based on chip counts:
Casino Management Figured it up

They told me I'd get $4375 to hang it up and quit... which I thought was great considering I didn't even have 1/2 the chips at the table... guaranteed better than 2nd Place Money

Part of me wanted to wait until the micro-stack was dead to deal... but better than second place money was too good to pass up.

Did I take a good deal?

2nd got $3500
3rd got $2100
4th got ~$1500
5th got ~$1075

[Roman]

I think its fair. Waiting out wouldnt be too terrible either. If the maniac is the 2nd stack, I might wait for a good shot to bust him too.

[doggin]

Congrats on your win!

[Msogard]

1st = 120,000 (You)
2nd = 80,000
3rd = 40,000
4th = 35,000
5th = 7,500

There are 282,500 chips on the table, you have 120,000 of them.

Of the 282,500 chips:

You = 43%
2nd = 28%
3rd = 14%
4th = 12%
5th = 3%

There was $13,075 to divide up among 5 players. So an accurate deal based on chip counts would be:

You = $5,622.25
2nd = $3,661
3rd = $1,830.50
4th = $1,569
5th = $392.25

Personally, I would have played it out.

[MicroBob]

You're math is incorrect....because the winner of the tourney does not get ALL the prize-money (as MM has stated...he has essentially suffered a bad-beat).


1st place gets $5700 and you think he deserves $5622 even though he isn't even close to being a sure-thing to win the whole she-bang.

Think of it this way, If he had 50% of the chips would he deserve over $6000 (even though 1st place is only $5700)?


Deal-making is more complicated than the way you did it.



My initial inclination is that Dentist did pretty well on the deal.
congrats on a nice win on your trip to our beautiful little cotton-field called Tunica.

[Msogard]

I was just showing the chip % in relation to the payout. I think he got a good deal too.

Edit: Good point though, I never thought about 1st place not being able to get all the money (100%). This seems to make deal-making pretty difficult. Where do these numbers come from then?

[CardSharpCook]

Wow, you got a str8 chip count deal with 5 left as chip leader.... that is SWEET!!! Oh by the way, the answer is, they take out $875 for each player and then they divide the remaining cash by chip count.

I think MM and DS say that a "fair" way to do it is to take half the remaining cash and divide it evenly, and then take the other half and divide according to chip count. The idea relates back to the theory that the more chips you have, the less each additional chip is worth (conversely, the less chips you have...)

I don't pass up a deal this good to let another stack go out. (unless I "say" that that is what I am doing. Then I become hyper-agro, run over the rest of the table while staying away from the mini-stack as the other players wait for him to bust and for me to accept the deal)

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