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If your point is...

"I think that, once skill is brought into the picture, a player's chance to win must depend also on the individual stacks and skill levels of every player in the tournament."

The fact that it is a function of the individual stacks not at your table, and not the average of those stack, I think, is significant. It essentially means that you can't come up with a simple formula to describe your % chance to win.

...then I agree, and I'm not sure this is much of a revelation unless I'm missing something.
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