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Bulldog
09-23-2005, 09:46 AM
Year-end tourney with \$\$\$ added to prize pool from monthly tourneys. There are 24 players with a total of 710,800 chips to start, between 10,000 and 53,200 depending on monthly tourney results. There is \$708 added to the pool, and \$45 to play the year-end tourney. Prizes:

1st: \$633
2nd: \$325
3rd: \$220
4th: \$175
5th: \$135
6th: \$100
7th: \$ 80
8th: \$ 65
9th: \$ 55

How big would your starting stack have to be to make it +EV to play in this tourney? I'm going to do the math best I can figure it out now, but anybody who wants to also try, I'd appreciate it.

Bulldog
09-23-2005, 09:49 AM
~17,900?

09-23-2005, 07:38 PM
Well, if eveyone is equal skill-wise, then:

With 710,800 chips and a \$1788 prize pool, the equity for each chip is only about .0025. And with a \$45 buy-in, you need to get over \$45 worth of chip equity to make it a +EV play (at least, I think I'm doing that calculation right. Maybe someone else can make sure). This would be right around 18,000 (without doing anything in depth, since I don't have a calculator with me). Which is right near what you said, so it looks like we're either both right, or at least on the same train in the wrong direction.