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Old 12-14-2005, 04:51 AM
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Default Re: Deep Stacks PLO tournament 18:15 ET

You're welcome.

I put it in a spread sheet. But there's no way I can provide a copy, sorry. There is no way to do a perfect chop with 3 or more players.

Pokerstars uses a simple method called a "chip count". The way this works is they give each player 3rd place money (in your case) and then split the rest of the prize pool based on the current chip count. This method is fine if the stack sizes are close (or if there are only 2 players involved - it's perfect in that case), but once someone gets a decent lead (50% or more) it overestimates their share. In your case the chip leader would have been overpaid by about 5%.

A few months ago I read a thread in MTT about a certain theory for estimating fair chops. For the life of me I can't remember what it's called. I can't find it on the search either. I remember how it works though and my spreadsheet is based on it.

Anyway, it's based on the idea of estimating your chances to finish 1st, 2nd, 3rd, etc based on stack sizes. Barry Greenstein's site has some info about the general problem here (note: math heavy).
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