Deal Making Question
 

HU at the end of a tournament. I have 51k chips and he has 18k chips, he plays very passively and bad but blinds are upto 300/600 with antes and it seems like he has sped up a little in the last few minutes. I don't feel like taking the variance of this tournament either. 2nd place currently gets 2.1k and first place gets 15k (monte carlo satellite). We make a deal, he gets the 2.1k for 2nd, and then he gets 2/7 the prize of first (18000/(18000+51000)) = 2/7... So he got 2.1k and 4.2k from me, and I got the trip.

Comments on this deal?

Re: Deal Making Question
 

He got 6.4k

1500+650+4250

Re: Deal Making Question
 

But he is guarenteed at least 2nd, so it seems to me in making a deal we need to disregard 2nd place and just look at first. Which is 15k, and then just take our respective chip counts and divide it up. Although that ignore the edge I have over him in skill...

Re: Deal Making Question
 

he got a nice deal..shouldn't he have gotten 2.1k + 2/7 times the difference between 1st and 2nd place $.

Re: Deal Making Question
 

I think you paid him too much... If he's a bad player, you have a great chance of winning, but I can understand that you don't like the variance, and he could still come back.

If he has 2/7 of the chips, then you should have offerred him 2/7 of the total 17.1k and not just given him the 2nd place $$$, that works out to about $4800, you could round that up to $5000 or down to $4500, but I think $6300 is just way too much considering the circumstances. If he was a bad player, then he also might have fallen for a worse deal instead of the fair deal; but I'm sure he was thrilled to get over almost 40% of the first place total with such a chip disadvantage... 30% would be generous.

Congrats on the win, though, I'm sure you were happy regardless!

-ChipsAhoya

Re: Deal Making Question
 

But I wasn't sure if chips equate directly to touranment ev, I thought maybe chips are more touranment ev+. But maybe not because it's winner take all, I don't know, I'm not good with deals.

Re: Deal Making Question
 

[ QUOTE ]
But he is guarenteed at least 2nd, so it seems to me in making a deal we need to disregard 2nd place and just look at first. Which is 15k, and then just take our respective chip counts and divide it up. Although that ignore the edge I have over him in skill...

[/ QUOTE ]

he is not the only one guarnteed at least 2nd place $. that is why it should be 2/7 * (15000-2100) + 2100 = about 5700

Re: Deal Making Question
 

"Congrats on the win, though, I'm sure you were happy regardless!"

Heh, honestly I'm not happy with myself now with everyone telling me how bad this deal is.

Re: Deal Making Question
 

You are both guaranteed 2nd so you need to remove 2.1K from the first place prize then give him 26% (18/69=.26 not .28) of the remaining 12.9K which is $3.35K.
Plus the 2.1K his final total should be 5.45K



Regards,
Woodguy

Re: Deal Making Question
 

Bruiser,

I'm going to say that assuming equal skill level, the deal was fair....