ICM vs. Chip Chop at MTTs
11-22-2016
, 09:30 AM
I get that. They were saying all this on the video as well, but Pauli was the overwhelming chip leader. Had both the other players covered twice, so as an amateur student shouldn't he take that deal given the risk of going heads-up against a pro and losing it all?
Like, how much money would ICM lose him vs. Chip Chop there? Can you tell me how I would go about calculating that? Thanks
Like, how much money would ICM lose him vs. Chip Chop there? Can you tell me how I would go about calculating that? Thanks
11-22-2016
, 09:53 AM
Quote:
I get that. They were saying all this on the video as well, but Pauli was the overwhelming chip leader. Had both the other players covered twice, so as an amateur student shouldn't he take that deal given the risk of going heads-up against a pro and losing it all?
Like, how much money would ICM lose him vs. Chip Chop there? Can you tell me how I would go about calculating that? Thanks
Like, how much money would ICM lose him vs. Chip Chop there? Can you tell me how I would go about calculating that? Thanks
Chip chops are rarely fair. As you can see in the above example, a straight chip chop would pay third less than third place, so he has no incentive at all.
11-22-2016
, 10:10 AM
Quote:
Using an online ICM calculator, lets take an example where the payouts are 50,30, and 20 for 1st, 2nd, and 3rd, and the chip stacks at 10k, 3k, and 2k. ICM would pay them out at 42.7, 30.3, and 27. A straight chip chop would value it at 66.7, 20, and 13.3
Chip chops are rarely fair. As you can see in the above example, a straight chip chop would pay third less than third place, so he has no incentive at all.
Chip chops are rarely fair. As you can see in the above example, a straight chip chop would pay third less than third place, so he has no incentive at all.
Do you know what the formula is that ICM calculators use? I'm just asking out of curiosity.So basically, this Pauli guy was being stubborn for no reason. If I find myself in that spot against McPhee and Killeen I'd take ICM every day. Better win 7.3k less than 1st place pays rather than lose 12.7 winning 2nd place because I wanted to joust with MTT veterans
11-29-2016
, 08:15 AM
Another thing that comes into play in Tourneys, is who is behind those chips. Give a 50BB stack that's still the shortest to Phil Ivey, and he has a bigger chance of winning it than, say, me.