Re: Monte Carlo Millions
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If my understanding of the second chance thing is correct, it seems to me there is a point where if you are short stacked early in the tournament, the +EV move is to gamble it up to either get a big stack or ensure yourself a seat in the losers' freeroll.
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You get 10bb and can finish no lower than 7th, but everyone who busts before the final 6 are established are entered. It recirculates about 1k of the prizepool per player, roughly 4% of the entire prizepool, as a buyin was $25k.
The reason? To create 2 more episodes of hot poker action for tv.
The only people that were shafted were the ones who had yet to bust from the final table before the Consolation Tourney started. Tony G lasted about a half an hour after the CT started before he busted 7th.
Dumb format, tho.
-kyo
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