Im reading this book and on p115 it expains bubble factors and gives an example of how to calculate a factor of 1.24. This is explained and easy to follow
On p117 at the bottom there is an example were on the bubble 4 players have an equal stack of 5,000 (25% equity) and the bubble factor is 1.88 but. It does not show how this is calculated. Using the same method as in the other example you would increase by 25% or decrease by 25% if u go all-in against either of the other stacks. Which would mean your bubble factor is the lowest possible.
I know that im missing something here. But there is no explanation of how to calculate that. And also that the average players bf is 1.2 at the start of the sng.
Has anyone worked this out?
The way i see it is that the method of working it out must be different from the 1st example on p115..