Deal Making Question - Page 2

coltrane · #11 12-06-2004, 12:21 AM

you had ~70% of the chips:

so 70% of 1st place = ~$10.4k
30% of 2nd place - ~$.6k

you should've gotten ~$11k and he should've gotten ~$6k

slickpoppa · #12 12-06-2004, 12:23 AM

So the other guy should have gotten 5.45K instead of 6.3K. I don't see anything wrong with giving him a little more to reduce variance, but did you at least try to offer him less? He could have been so resigned to losing that he might have been happy with 5K total.

theBruiser500 · #13 12-06-2004, 12:24 AM

MrX and WoodGuy, I don't understand your logic. I see that we should just discount 2nd place. But then 1st place is 15k, so isn't it 2/7 of that 15k?

slickpoppa · #14 12-06-2004, 12:26 AM

Here's the calculation of his EV done explicitly:
(18/69)*(15,000) + (51/69)*(2100) = 5,465

1800GAMBLER · #15 12-06-2004, 12:27 AM

[ QUOTE ]
Bruiser,

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

[/ QUOTE ]

But if these guys played 30 SnGs bruiser would def win at lest 20 of them. So he has a 2:1 advantage here. Plus paying $1000 over at equal level and offering a large amount first [img]/images/graemlins/frown.gif[/img]

theBruiser500 · #16 12-06-2004, 12:27 AM

Ah that makes sense slickpoppa. thanks

coltrane · #17 12-06-2004, 12:30 AM

[ QUOTE ]

But if these guys played 30 SnGs bruiser would def win at lest 20 of them. So he has a 2:1 advantage here. Plus paying $1000 over at equal level.

[/ QUOTE ]

yeah, you're right...

wacki · #18 12-06-2004, 12:46 AM

Congrats on the win bruiser. Quick question, what tournament was this? These figures your talking, are they real money? I have to ask because it's amazing your doing this well as young as you are.

theBruiser500 · #19 12-06-2004, 03:26 AM

Thanks wacki. It's real money, or at least it's a real tournament entry to Monte Carlo that is worth $$.

wacki · #20 12-06-2004, 03:44 AM

I'm a bit confused. You say first place was 15K, but you gave him 4.2k which leaves you with 10.8K. That is the equivelant of $10,800 dollars that you can only use toward a $15,000 entry fee. Am I correct?

You also say "I got the trip". Which I would assume is referring to the $10,800. Is this correct as well?

BTW Bruiser I am very impressed, winning that much money (even if it's only entry fees) is no small feat.

Sorry if I'm slow, I earned my Pooh-Bah in the politics forum. I need to quit politics and OOT..... The stupid election interfered with my poker studies. [img]/images/graemlins/mad.gif[/img]