Why the mini-steps suck (long/complicated math)

[EverettKings]

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I played my way up to a step 5 mini today and then got 10th place on the first hand.

I don't like them.

Irieguy

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This might have just been a fun post for a few laughs, but I actually did some mathematical analysis of the mini steps and my estimated play (I've played a small chunk) and deemed them profitable, albeit time consuming. Their best aspect is the risk/reward ratio, where I found that I'd pay for an average of 7 step 1 buy ins to earn one step 5 buy in (~1000% ROI). The problem is that, in the process, I'd play about 100 tournaments.

So do mini steps suck? Depends. If you can beat the $30 sit n gos for a respectable ROI, that's definitely more profitable per unit time. But the ministeps, for a good player, are a miniscule money investment, high time investment, profitable game.

That said, and stay the F*&% away from the ministep 1 tables, they're mine.

-Kings

[Scuba Chuck]

EK, given your assessment, thought I'd try a ministep 1. Below is hand 1. Oh, and btw, these things are EZ.

Party Poker No-Limit Hold'em Tourney, Big Blind is t15 (10 handed) converter

UTG (t800)
UTG+1 (t800)
UTG+2 (t800)
MP1 (t800)
MP2 (t800)
MP3 (t800)
CO (t800)
Hero (t800)
SB (t800)
BB (t800)

Preflop: Hero is Button with Q[img]/images/graemlins/club.gif[/img], Q[img]/images/graemlins/diamond.gif[/img].
<font color="#666666">1 fold</font>, UTG+1 calls t15, <font color="#666666">1 fold</font>, <font color="#CC3333">MP1 raises to t30</font>, <font color="#666666">3 folds</font>, <font color="#CC3333">Hero raises to t125</font>, <font color="#666666">1 fold</font>, BB calls t110, UTG+1 folds, MP1 calls t95.

Flop: (t400) J[img]/images/graemlins/spade.gif[/img], T[img]/images/graemlins/heart.gif[/img], 8[img]/images/graemlins/heart.gif[/img] <font color="#0000FF">(3 players)</font>
<font color="#CC3333">BB bets t675 (All-In)</font>, MP1 calls t675 (All-In), Hero calls t675 (All-In).

Turn: (t2425) 6[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(3 players, 3 all-in)</font>

River: (t2425) T[img]/images/graemlins/spade.gif[/img] <font color="#0000FF">(3 players, 3 all-in)</font>

Final Pot: t2425 [img]/images/graemlins/grin.gif[/img]

[Irieguy]

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I actually did some mathematical analysis of the mini steps and my estimated play (I've played a small chunk) and deemed them profitable, albeit time consuming.

-Kings

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You can't just say something like this without showing your analysis. Not on this forum, and certainly not in a math thread.

Irieguy

PS- I will not read your response if you post one for fear that you might actually show how you did your analysis for real.

[The Yugoslavian]

Weak. You're such a fish.

Yugoslav

[scott8]

+EV for those buying directly into step 5.

[Apathy]

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+EV for those buying directly into step 5.

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Not if they lose on the first hand everytime [img]/images/graemlins/tongue.gif[/img]

[Scuba Chuck]

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Their best aspect is the risk/reward ratio, where I found that I'd pay for an average of 7 step 1 buy ins to earn one step 5 buy in (~1000% ROI).

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This might be +EV for hairplugs. Do you see why?

[Phoenix1010]

Your avatar is cool.

[johnnybeef]

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I played my way up to a step 5 mini today and then got 10th place on the first hand.

I don't like them.

Irieguy

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maybe one of these days you will actually make a worthwhile post around here, because the aforementioned isnt cutting it in my book... [img]/images/graemlins/mad.gif[/img]

[d1sterbd]

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+EV for those buying directly into step 5.

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I bought in to a mini-step 5 last night and got third... risked 430 dollars to net 70 dollars.

-d1sterbd