I think I made a really good deal -- thoughts?
3 handed stacks are roughly 550k, 1.6mil (me), 2.7mil. Blinds frozen at 20k 40k with 4k ante so quite a bit of play. I feel that I am by far the best player...short stack is older and way too tight, chip leader is a competent younger player but has 1 live tell when he makes a big hand post-flop and has some significant betting pattern tells.
Payouts:
18k first,
10k second,
6k third (ridiculous structure imo).
If the pay jumps weren't ridiculous I would likely not ever make a deal in this spot because there is lots of play and I feel that I am the best player.
ICM chip chop based on an app I downloaded before the tournament for 99 cents (highly recommend it) were roughly:
14k
12k
8k
Deal:
13k to chipleader
12k to me
7k to shorty
play for 2k
I think I made a deal that gave me the best value of the 3 players in that I am the only one getting my chip equity and am playing for the 2k left over out of the other players' chip equity.
Any thoughts about this deal? I have almost zero experience with this so would like some opinions.
Payouts:
18k first,
10k second,
6k third (ridiculous structure imo).
If the pay jumps weren't ridiculous I would likely not ever make a deal in this spot because there is lots of play and I feel that I am the best player.
ICM chip chop based on an app I downloaded before the tournament for 99 cents (highly recommend it) were roughly:
14k
12k
8k
Deal:
13k to chipleader
12k to me
7k to shorty
play for 2k
I think I made a deal that gave me the best value of the 3 players in that I am the only one getting my chip equity and am playing for the 2k left over out of the other players' chip equity.
Any thoughts about this deal? I have almost zero experience with this so would like some opinions.
Comments
No ICM expert, but anytime you get to keep your equity and have the others give it up is GOOD.
Thanks...I am not a fan of deals, especially when I know I am the best player with a workable stack.
Would you have made a deal in this spot given the payout structure, relative jumps and being the best player at the table (you can add some zeros to the end of the numbers if it makes it more relevant to you)?
Is it just me or is this payout structure ridiculous?
nvm, I'm stupid
As for making the deal 'knowing' you're the best player left. If that's true, the more top heavy the structure is, the better it is for you. This is because if you were able to have this situation occur a million times, you would win significantly more in the long run. In the real world, you're not going to reach this spot often enough...so lowering your variance is totally fine.
As for the payout structure itself, can't really tell. Kind of need to know in terms of # of entrants, # of spot paid, and % going to 1st/2nd/3rd. Looks a little top heavy, but nothing out of the ordinary.
240ish players 24 paid. Lost the sheet, but seems low for 3rd to me.
For sure givin the payout structure. Yes I agree its a bit ridiculous lol
With a nit as the shorty, you never know how much he will blind down too, giving the CL a chance to bully you. By doing the deal you get more than 2nd place and dont have to take crap from the CL while still playing for 2k! horrible deal for the short stack though! haha
now that you mention it this is hilarious x)
I think he knew that he was by far the worst player remaining.
If 8k flat still isn't a good deal for him then what would be reasonable if you were in his spot with his talents.
yes, but he would never do that...dude is like comp on Red Bull...1.5 gears
What would you take? I'm positive that you would adjust better than him 3 handed.
Well in spite of all the jokes I wouldn't take less than 8.5 I would think. You do have to remember how much I have learned from all you here....;)
Edit - Also normally, there's a huge icm pressure the big stack can place on the 2nd place in chips. I think in this particular case it's not as critical because you're relatively deep enough where you won't end up all in unless you want to. (Of course this may change quickly if you or the opponent 3 bets often).
same results as icm calculator app on android...I think is the standard black and white base used to think of a deal in tournies today, but I could be wrong
A) Do the ICM calculation with the listed prize pool for all the players remaining with the stack sizes.
Do each with the chip stacks of the players. Subtract B from A from each player, and that's the 'normal' ICM value of each player with money taken out for the winner.
- Just did the ICM calc. The value of the stacks with 2k left for first:
Chip leader - $12948
GTA - $11125
Short stack - $7927
But yes, better than averade deal.....for you.
Thinking Poker: WSOP 07 Trip Report Part 5: $500 Satellite
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Nope. You probably mistook the ICM breakdown.
Payouts:
18k first,
10k second,
6k third (ridiculous structure imo).
Deal:
13k to chipleader
12k to me
7k to shorty
play for 2k
The chipleader with over half the chips in play is the one who really took the haircut.
Short stack got more than 3rd but less than ICM
I wouldn't either, especially in this spot with the structure and stacks.
Cost Benefit Analysis 101. Such a bad deal for someone with all the power, and essentially nothing to lose.
At a WPT winner-take-all satellite in Fallsview, a LAG had a significant chip lead against me heads-up but offered to chop 50-50. In another live tournament, I was the big chipleader but still with 9 players left, then everybody started talking about chopping equivalently except for me getting most of the first place money along with the trophy and title; I offered taking only $100 off first place and to my utter shock, they all quickly agreed!
consensual larseny itt