Your thoughts please?
playing a £50+£5 freezeout - 43 Entries.
Get to the FT. top 7 paid.
People suggest making a deal £90 for 10th-8th this was also what 7th place would be getting. This would be done by taking £180 from 1st (£800) and £90 from 2nd (£490)
I came to the FT 2nd in chips with about 120k. 515k in play would u make this deal?
What are peoples thought about chopping 3-4 handed?
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After the deal your win expectation drops to around £144.
We can do similar (though much more complicated) calculations for all places. The net result is that this deal personally costs you about £63.
Now, the plus side:
The odds of you finishing in 8th 9th or 10th are impossible to calculate on the information provided. If the 8th, 9th and 10th places currently only have 1 chip each, the odds of you finishing in such a position are about 0.0006%. In this scenario, swapping £63 for 0.0006% likelihood would only be worth it if your equity is about £5 million or more, which is clearly impossible!!
Assuming places 3-10 all have equal chips and the Cl has one more chip than you (best case scenario) then you have about a 7% chance of finishing in places 8-10. Your £63 would have to offset an expectation of about £900 for this to be worthwhile, again not possible.
To summarise, it was a bad deal mathematically if you made it.
Guy says if everyone chips in £5 21st gets a seat too (rake included) so everyone bar 1 agrees. Was annoying for everyone else as they where now getting late reg for the tourny. In the end 2 people made up the £5.
Completely diff senario tho.
In this one No Deal IMO. Expect to be unpopular tho.
I always vote yes, as many weeks your going to get to the FT far down the list of stacks, being grateful for the offer of the deal.
But mostly, most of these Tournaments are played by the same people weak in weak out, this deal being the norm. If your planning on going once in a blue moon do what you feel like. If you plan to go regular it wouldnt be a bad idea to go with majority rule. There will be times that youre grateful this normal practise is there
They skim some off for dealers too?
If I'm travelling through, no deal (as you are gaining nothing). If am looking to play weekly, deal (picking up the safe value in later weeks).
once 2 players had been K.O'd i agreed on a £90 saver for 8th. (i was now chip leader on 140k+)
Once we got down to four players we agreed a deal £450 for chip leader (he had half the chips in play almost)
£400 for the rest of us with fairly equal chips + yes a £60 skim for the staff.
I was still second in chips but it was getting late 11.30pm lol and the blinds were 8k/16k so it was like bingo. 2nd place was £490 so i needed to get heads up to make a decline profitable.