Do you you think it was more +EV to finish 2nd?

Something to think about of the first 54 events that have been played at the 2012 WSOP only the 50k PPC paid more (1st $1,451,527) then the top 2 in the $25,300 One Drop Mega Satellite which gave Hansen entry and yielded Deeb $974,700 for 2nd more then ALL of Deebs prior live tournament cashes combined. btw Deeb was late arrival and did not re-buy

Dating from 2006-2012 Deeb grossed (not netted) $847,814.

Out of the 48 in the capped one drop 9 players cash with 5th - 9th being paid less then 2x the buy-in

1 $18,346,673
2 $10,112,001
3 $4,352,000
4 $2,645,333
5 $1,834,666
6 $1,621,333
7 $1,408,000
8 $1,237,333
9 $1,109,333

$$$$

90+% of the people playing in the one drop can lose the money with no problem, where deeb probably thinks he has a decent shot vs the field i'm sure he'd rather keep the money than play a ~45 man tournament chock full of the best players in the world...

/thread

Do u even know the definition of +EV?

It depends how big your roll is obv.

Even with "losing" 111k to a good cause the ROI of a pro player has to be like 15% at least. But even if you had a 100% ROI sometimes it's smarter to pick the money.

again, what does this have to do with +ev or not?

+EV is being used metaphorically for a favorable outcome, but i'm sure you already know that

A cool one million payout ain't bad.

Definition of Expected Value - Anticipated value for a given investment.


So again, tell me what the size of the buyin has to do with it being +EV or not?

This level is so bad it's a replica

Seriusly.

How can 99 % of the people in the poll vote the last option. i thougt people would be more inteligent here.

Seems a lot of people dont understand EV.

This is a classic Skt peterburgs paradox.

Ofcoruse its +EV to play in the tournament when you are a profesional and like half the field is not.

And on the countrary ofcourse most sane people would take a secure mill when its more money than they will ever get their hands on, and even for a top pro its a very large sum.

I don't think EV assumes that different values of a certain game have to be constant for different players. So EV can be used here without a problem.

Simple example:

Lottery ticket of 1$, at the end 2 winners are selected. They have to play a game. They get 2 options:

Option 1: Spin a wheel with numbers from 1 to 10, if wheel stops at 1-9, you get 500k, if you get 10 you get 0
Option 2: Same game, but if wheel stops at 1-2, you get 10 million, any other number and you get zero.

Winner 1 is a single dad struggiling to pay the bills, 500k would change his life
Winner 2 is worth 100 million and doesn't give a **** about 500k

Obviously the result is: Winner 1: EV Option 1>EV Option 2
Winner 2: EV Option 2>EV Option 1.

So assuming Winner 1 can't sell action Option 1 would be worth more to him while a risk neutral calculation would obviously yield EV Optio1 2>EV Option 1.

I have a feeling that the last 4 players chopped the 1.4mill for 350k each, and 25% of Gus. Makes most sense to me. The thrill is never that happy to bubble a 2.4mill prize pool IMO.

I dont think you can make it this simple.

Your example is fine, but there is a flaw.

EV is the expected value of and action, and it will always be the same for any person if we asume they have the same chance/skill of winning.

If their action is + EV. Then it is + EV no matter how much they gain when taking the bet.

Your example is fine when we talk about EU ( expected utility)

But these are not the same

This has gone past the possibility of being a level. If you proclaim stupidity about this you're being such a huge definition nit. It is pretty obvious he was asking whether it was smarter for deeb to take the million rather than win the satty seat. Maybe it is incorrect to use EV in the sentence, but haven't most poker players heard someone say something like 'that double hamburger is seriously +EV' or something along those lines..

Lighten up dude.. Take it to Poker Theory

WTF is your problem ?

The poll is stupid yes ?

Because he ask average Joe if he wants a million $ or if it is + EV to play for a pro wich have an edge agsint the field in the same context.