2009 MTT Prop Bet
Alright..so with January coming around the corner, I will have alot more time on my hands without school and such (although having a regular job will limit how much I can play) so I am looking to start (or continue) grinding out MTTs. Was wondering if anyone would be interested in having some sort of TLB points prop bet, something like me vs. you (obv we would have to figure out the volume/buy-in etc), or maybe just having me obtain a certain amount of TLB points in a week/month or whatever.
If you have ideas or are interested, feel free to post.
If you have ideas or are interested, feel free to post.
Comments
This is in the Online Poker Talk section for a reason
Live I would be more interested in jsut swapping % but that will ahve to wait and see how many events I actually play live....
I was thinking of something that I could personally play a fair number of times per month and also represent a reasonable balance between a large enough prize pool, large enough/not too large a field and a reasonble entry fee.
So I have selected the nightly $70k on Stars at 9:30 pm, which has an entry fee of $55, and a field of about 1350-1450. I'm not going to worry about the specific number of entrants because all nights are about the same size of field and once the fields are over 1000, it doesn't really make much difference. They should always pay top 198/216.
I offer a $40 per month prop bet for the next 3 months. Dec. Jan. Feb. The bet is split the following ways:
1. $10 for highest single finish.
2. $10 for highest total cash for the month.
3. $10 for highest # ITM.
4. $10 for highest ave finish.
The requirements are:
10 entries per month max.
You must post your registration in the official prop thread, before the tournament starts so that anyone in the prop bet can verify your participation as well as preventing anyone from cherry picking their 10 best results. After the tournament concludes, you must request the tourney summary from Stars, edit your OP and post the summary.
In addition, to track the results, I will create a google spreadsheet and allow access to all in the pool. You must also keep your results up to date in the spreadsheet.
At the conclusion of each month, the loser(s) must transfer the appropriate amounts to the winner(s). You may participate on a month to month basis but I am guaranteeing my participation for the next 3 months.
I'll take friendly suggestions but this is essentially it.
Definitely need something earlier. And I'm not looking for just one tournament, more of along the lines of 3-5 or so per day kinda thing. I'll look more into it as I "study"
I prefer FTP.... but can to Stars as well.
I definitely prefer Stars - more choices for MTTs. I'll put something together when I have a chance to look over the schedule.
PS. I can't usually play til after 1900 EST, Pokerstars for me.
I would prefer minimum and a maximum...and the tournament choice/buy-in level will probably be ignored but that can be discussed.
Example: More pts for a player getting 3rd in a $50 MTT, than a player getting 3rd in a $5 MTT.
I'm not doing any calculation myself...bet will be settled with TLB points, which takes this into consideration already.
Why not use a modified version of the IPR formula (now called I am ranked)?
We can create a speadsheet for all to enter their stats. The formula (IAR Engine, algorithm, IAR system, formule, points) takes into account buyin/finish and field size. We would need to modify it somewhat to suite our needs as you must cash to the tourney to count and the coefficients would need to be adjusted.
example:
Using my modified coeffients for a tourney of 600 players and a finish of 20th the following points would be awarded for each buyin
$5 = 9 pts
$10 = 23 pts
$20 = 54 pts
Top 30 pts for the month would count.
This way you are not tied to any 1 site or any specific tournies. You could play those you are comfortable with.
Yes but what about field size? Finishing 3rd out of 2000 players at $3 is better than 3rd out of 200 players?
Whatever I'm interested in this because my New Year's Resolution is to play more MTT, then ring games.
Using the IPR formula takes into account both fieldsize and buyin amounts.
After focusing on cash games, MTT is a refreshing change. Great idea.
I am in.
I like this idea so far...will look into it more when I finish exams on Wednesday. But just glancing over this, I think we have a ground work for something.
I also have participated in one with MTT at 2+2, but they had a set list of tournaments but I can take a look at what their scoring criteria were, but Hobbes definitely have something started here.
Probably looking to do this in bi-weekly or monthly cycle, you don't have to make the money to qualify - something like top 30 per week or whatever (can be decided later on)
Will probably do tiers as well so the high rollers can get in to the action along with the low rollers.
Not everyone is signed up with P5 though and I'm not going to enforce it. I don't mind entering a few scores here and there TBH.
Here is their formula just for reference - Points = (PrizePool1/2) / (PlaceFinished3/5)
cmon wes, your a math guy get us an algorithm
Here is what we'll do...keeping it simple for the first try and will tweak it as we go. If anyone wants to do one for the remaining weeks of Jan, they can go ahead (just let me know and I can run it for you), but I personally won't be able to start until Jan 19.
Starting Jan 19, and it will run until Feb 1 to cover the big Sunday tournaments - we will go by the Pocket Fives formula (Points = (PrizePool1/2) / (PlaceFinished3/5)).
Rules:
1. Tournaments across all sites are valid to be used, but you must post your username for each site that you plan to play
2. You MUST make the money to have the score count.
3. For the period from Jan 19 - Feb 1, your top 25 score will count towards the standing.
4. Tournament score will count if it has a MINIMUM of 36 players.
5. Satellites will NOT count.
6. All tournaments that began prior to Jan 19 00:00 EST will not count.
7. Any results that count towards the bet can be posted in the thread or PM'ed to me.
I can't think of anymore rules besides these ones for now, please feel free to continue to toss around more ideas until the Jan 19. We will have 3 tiers for this bet - $10, $20, $50. So if you are interested in tier 2, you are automatically enrolled in tier 1, which means you're paying $10 + $20. Same for tier 3 - $10 + $20 + $50. Money must be sent to me before the start date in order to be considered eligible.
OPR will be used for reference but any player can request for a tournament history at any time (as OPR has been known to misrecord results once in awhile). I will update an excel spreadsheet at least once every other day and a downloadable link will be posted (I'll also update the OP in the thread as well). Each player is responsible to cross reference their results with the result on the spreadsheet to accuracy - at the end of the contest period, all players have 48 hours to point out any inaccuracy, otherwise spreadsheet will be considered final.