Quote:
Originally Posted by jenium
Sats into ME for ladies is a fantastic idea! Any woman who is close to having the bankroll to play in this, or who can find a backer, should seriously consider it just based on all the overlay of extra sponsorship/patches if she does well.
As for the question on whether the few hundred women who play the Main Event statistically even money or slightly +EV or slightly -EV? There are some GREAT female tourney pros, no argument there. So the real Q is how do the amateur females stack up against the amateur males? My guess is it's pretty close--women tend to be more conservative with their bankrolls (esp if w. a family) so a woman playing the ME may be more likely to have the actual skills to make it a good investment. On the other hand, an inexperienced female player veers toward the passive side, while an inexperienced male player veers toward the over-aggro side (guessing this is mostly for cultural reason.) I think a passive bad player is MUCH less likely to go deep or win in such a huge field than a bad-aggro player. Then there are the models/playmates who get backed into the ME more for advertising purposes than their poker skills, which could reduce the avg equity of the female players.
On balance I'd guess it's about even money, but it would be great to see a woman in the Nov.9. Will take a closer look at the lines and probably place $$ on the pro-woman side.
Dear jenium:
Keeping in mind the fact that I am very "mathematically challenged," I have been reading the Wikipedia page on Fixed-odds betting:
http://en.wikipedia.org/wiki/Fixed-odds_betting
and trying to figure out what a good betting line would be for placing money on a lady player to final table the Main Event. I notice your conclusion that "on balance" it should be about even money. I just don't see how it can be even money. If we go with the American preference for bookmakers of setting "Moneyline" odds, then I would think the payoff odds should be considerably higher than +100 for even money. My (flawed?) thinking is that the moneyline odds should be much higher - like say +2,500 for a $2,500 payoff on a $100 wager - since I "guesstimate" that a woman player's chance of making the final table is something on the order of 24-to-1 against. Here is my reasoning.
Let's suppose that 8,000 players enter the Main Event. Let's also suppose that 1 of every 25 players who enter are women, so the ratio of male players to female players is 24:1. (Maybe somebody like hotjenny314 knows the exact numbers from last year and can give more precise ratios based on last year's numbers.) That ratio is heavily weighted in favor of the men. In fact, if my "guesstimates" are anywhere close to being accurate, the sheer numbers would suggest that the deck is stacked heavily against the women. OK, take 8,000 entrants, divide that number by 25, and what do you get? My calculation is 320 women entering the Main Event. (I have a feeling that number is too high. If fewer than 320 women enter the Main Event, then the "true odds" would be higher than what I'm guesstimating, but I'm going with 320 for the sake of argument.) The question then boils down to: What are the real odds that just one of those 320 women will survive down to the final nine players? I think the real odds are somewhere between 20-to-1 against and 24-to-1 against. Translated into moneyline odds, the betting line should be set at somewhere in the neighborhood of +2,000 to +2,500. (I have a sinking feeling that no bookmaker is going to offer a betting line that high on a woman final tabling the Main Event.)
Since my number, (i.e. +2,000 to +2,500), is considerably higher than your number, (i.e. +100), perhaps you can explain to me how my reasoning is flawed? I don't understand "advanced math," but it just seems to me that the payoff odds for a woman final tabling the Main Event should be a lot higher than even money. Considering the sheer numbers that a lady player will have to overcome, I would think that the betting line would have to be (at least) +2,000 to be a good bet. (I also have a suspicion that the oddsmakers will set the line at something like +1,000 which is a terrible number - unless you're the bookie setting the line!)
Former DJ