[gumpzilla]

This is correct. If we assume a uniform distribution of 1st, 2nd and 3rd when you finish in the money, you need to finish ITM 11/30 of the time to break even. This is basically a 36.7% ITM. By contrast, in the Party structure, you need to finish ITM 33% of the time to break even, assuming a uniform finish distribution once again. (The numbers get skewed at higher buyins where the rake is no longer 10% of the buyin, but that's a pretty minor adjustment.)