Party Step Higher Question

[tshort]

I thought about this when they announced they were starting payouts at step 4.

Payouts at step 5 are as follows:

1st: $25000
2nd: $15000
3rd: $10000

At step 4, you can get 3500 for taking 3rd. So, if you get to top 3 at step 4 should you try to lose and take the $3500?

If you get to step 5, what is the expected amount you will win? Assuming you have a 10% chance of taking 1st, 10% for 2nd, and 10% for 3rd. (Although, I would think the percentages would be a little higher for good players.) With those chances, you should expect to win $5000 for every Step 5 you play (over time).

So, in the long run, it is better to take top 2 at step 4, but I can see how it would be hard to pass up the $3500.

Good luck.





[ QUOTE ]
Asked earlier..but no response.

I've won my way in to step 4; which pays 600-3500 for 7th thru 2nd I think and 1st goes on to step 5.

Step 5 looks like it only pays top three place. (25k-10k)
and 4-10 get nothing?

I'm wondering if that is correct. Cause if so; I might rather take a 2nd in a step 4 (for 3500) than get to step 5 where 7 of 10 make nothing.

Any help is appreciated.

[/ QUOTE ]

[raptor517]

[ QUOTE ]
Asked earlier..but no response.

I've won my way in to step 4; which pays 600-3500 for 7th thru 2nd I think and 1st goes on to step 5.

Step 5 looks like it only pays top three place. (25k-10k)
and 4-10 get nothing?

I'm wondering if that is correct. Cause if so; I might rather take a 2nd in a step 4 (for 3500) than get to step 5 where 7 of 10 make nothing.

Any help is appreciated.

[/ QUOTE ]

how bout this.. play to win. if u get the step 5 higher ill buy it from u for 4k. holla

[HoldingFolding]

This thread discussed this, I watched as a guy attempted to go out in 3rd in a step 4 - and failed [img]/images/graemlins/grin.gif[/img].

OT: I bought into a level 1 higher step last week. I estimate I have been bouncing around for over 30 SnGs. I have about a 25% RoI in the 33s so it's cost me over $200, plus PP lost $90 in rake. I want to get out, but pride prevents me from losing on purpose.

[Apathy]

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Yeah but ok if you win the 25k, its hard to get it out of the account isnt it? Would take some contortions at least..

[/ QUOTE ]

why? I have made cashouts almost that big before without a problem. You could get it sent to neteller then neteller to my neteller, something like that. Might take a few days but whatever.

[TxSteve]

thanks for the comments all.

i certainly agree that if faced with the opportunity; playing the step 5 is higher ev than 3500.

just saying it would be tough to pass on 3500 for a bigger chance

[freemoney]

this is what i wanted to do sell step 5 higers for 4k/highest bidder, if there is some interest i would try and make this possible.

[TxSteve]

obviously it would involve a lot of trust, since they are not transferrable (as far as I know).

You would have to give your account info to someone else...and they would have to trust that the money is transferred.

I don't really know...I'm not sure I could play at my best in essentially a 5K sit and go.

I had never tried a step before..and was hot yesterday winning a 1, 2, and 3 all in a row. If I won a seat in a 5; and the seat was easily transferrable; I think it would be a no brainer (for me) to sell it for 4k-ish.

[Ogre]

grow some balls

[TxSteve]

[img]/images/graemlins/smile.gif[/img] that made me laugh

i've got my eye on a nice set of tin balls down at the mall...i can buy them for 250$, leaving me a tidy little profit and a reliable set of nuts.

[raptor517]

[ QUOTE ]
this is what i wanted to do sell step 5 higers for 4k/highest bidder, if there is some interest i would try and make this possible.

[/ QUOTE ]

ill take the 4k deal. u get them together and ill play them for 4k. keep me posted. pm me or whatever. holla