Party Poker BJ Tournament
 

According to the leaderboard a guy wagered 17,500 homeruns which is 1.75 million dollars over a 3 day period. How much you think partypoker made of this guy?

Re: Party Poker BJ Tournament
 

He wins 200,000 right?

Assuming perfect play...that's a 0.6307% house advantage

(1,750,000 x -.006307) + (200,000) = 188,692.75

In the green :-D

Re: Party Poker BJ Tournament
 

i believe all he wins is a 5000$ entry to another bj tourney and a cruise package.

so, in the red big time.

Re: Party Poker BJ Tournament
 

lol, I thought this was going to be a post about an actual tournament. I can only imagine that the guy who wins comes through by betting the smallest amount possible every time.

In a BJ tourney, can you not bet? I think that would be optimal strategy on Party.

Re: Party Poker BJ Tournament
 

From what I understand there is a decent amount of strategy in Blackjack Tourneys and there is always a minimum bet.

Re: Party Poker BJ Tournament
 

Yep in a big blackjack tourney the winner is gonna be the guy who sits on his starting chips and never makes a bet, because BJ is a -EV game and you always lose!

Some people are really smart in this forum. That's all I've got to say.

Next time you see someone coloring up into purples at the blackjack table kindly remind them that if they could have gone back in time the most +EV activity they could have been doing while sitting at the table would have been not playing. I'm sure they'll appreciate the tip and see if the casino wants their 5 grand back.

Re: Party Poker BJ Tournament
 

There is a ton of strategy in BJ tournaments

Re: Party Poker BJ Tournament
 

I haven't looked at the promotion...but I don't think it's a BJ tourney that's ON Party. They are giving away packages to a cruise/BJ tourney.

It is correct that there is MUCHO strategy in a regular, big BJ tourney. Very different from a poker-tourney.

It would not be a winning strategy to bet the minimum on each round.

The last couple of hands there is some very tricky math involved at times regarding bet-size and playing decisions.
You aren't just trying to get the most chips and beat the dealer....there are times you actually would want to LOSE the hand (if you have $5 bet and your main opponents have $5000 bet).


Stanford Wong (blackjack card-counting pioneer) wrote a very good book on casino-tournament strategy (BJ, craps and 3-card-poker tourneys, etc etc).


I know only a little about BJ tourneys, but I've played in a few so I'm vaguely familiar with what happens in them.
I'm not pursuing this promotion though (haven't read it yet actually...so maybe I'll see something that I think is +EV after reading the terms for the promo...but I doubt it).

Re: Party Poker BJ Tournament
 

[ QUOTE ]
haven't looked at the promotion...but I don't think it's a BJ tourney that's ON Party. They are giving away packages to a cruise/BJ tourney.

[/ QUOTE ]

They added the blackjack tournament to the Party Poker Million cruise!

Re: Party Poker BJ Tournament
 

[ QUOTE ]
Yep in a big blackjack tourney the winner is gonna be the guy who sits on his starting chips and never makes a bet, because BJ is a -EV game and you always lose!

Some people are really smart in this forum. That's all I've got to say.

Next time you see someone coloring up into purples at the blackjack table kindly remind them that if they could have gone back in time the most +EV activity they could have been doing while sitting at the table would have been not playing. I'm sure they'll appreciate the tip and see if the casino wants their 5 grand back.

[/ QUOTE ]

you need to relax man...

peace

john nickle

Re: Party Poker BJ Tournament
 

ok. so i've investigated a little further just in case this would be worth something.


you get 1 'home-run' for each $100 wagered.

21st place right now is at 4500 home-runs...so he has wagered $450,000 in total.

I'm going to generously estimate that the BJ on Party (haven't looked at all the rules or done the caluclations) is a 1% disadvantage for the player.

Therefore, the 21st place player has an expectation of -$4500 right now (basically he should be -$1 for each home-run he has).

It's actually quite likely that the disadvantage is closer to 1.5% but I don't know for sure. Maybe it's got great rules and is only -0.6%...but somehow I doubt that.


The prize-package is worth $5800:
-- $2500 BJ tourney entry...maybe there will be an overlay in that, who knows?
-- $2500 value for the cruise
-- $800 in spending cash



The idea is to be in the top 21 BJ high-volume players from Dec 9-22.
The fact that 21st place has already dropped an expected $4500 on just Dec 12th or so is really appalling.


If these guys don't go broke trying to win this stupid thing then I think 15k HR's for an expectation of -$15k or so AT THE MINIMUM will be required to "win" the $5800 in value.

Wouldn't be surprised if the cut-off was higher than that....but some of these guys will have to drop out just from lack of funds I would think.

Of course, a lucky few might come close to break-even (or maybe even show a small profit) AND will have the cruise on top of that...but most will be BIG losers and the value of the cruise that they "won" will not even come close to making up for it.


Anyway, if any of you are wacky enough to be thinking of trying to do this I strongly encourage you to change your mind.

Re: Party Poker BJ Tournament
 

Beantown,

"Yep in a big blackjack tourney the winner is gonna be the guy who sits on his starting chips and never makes a bet, because BJ is a -EV game and you always lose!"

You do not "always lose" a -EV game. You seem to not undersand probability. Also, as PJN said, relax.

Re: Party Poker BJ Tournament
 

Since they added Blackjack, Party has raked in $1 million/day in casino revenue... a huge increase...there's a whole lot of blackjack going on! [img]/images/graemlins/smile.gif[/img]

For comparison, avg daily poker revenue was $2.67 million, during the same period.