View Single Post
  #2  
Old 09-24-2003, 01:56 PM
Bozeman Bozeman is offline
Senior Member
 
Join Date: Sep 2002
Location: On the road again
Posts: 1,213
Default Re: curious about the math of deal-making

The two player one is trivial, but more players is still debated.

For any # of players of equal ability, your chance of first is equal to your fraction of the total chips. So in your example, one player has 1/3 chance of winning. His "fair" share of the prize money is thus 2nd+1/3*(1st-2nd).

For more players, I have a scheme that is correct for fairly reasonable assumptions (Computing tournament finish place probability) . Others have made various approximations to get reasonably close (to these) results.
Reply With Quote