Quote:
Originally Posted by Twice.
Isn't it weird that this isn't 0, since you can never lose more than you bought in for?
An example of losing more ev than the buyin look like this
Start of a 9 max tournament
You go all in on the flop as an 50:1 underdog and double up.
All-in ev: about -1 buyin
Later you go all in on the flop with as an 50:1 underdog and double up again.
All-in ev: about -1.8 buyin
Now you have 4x starting stack but you somehow blind out and bubbled
Winning: 0
Total all-in ev: -1 buyin-1.8 buyin = -2.8buyin
All-in adjusted winning: 0-2.8buyin = -2.8buyin
The interpretation is: You get 2.8 buyin worth of "Luck" but still did not managed to win any money. Of cause you can't lose more then your buyin but you can win/lose more than 1 buyin of luck.
This usually happens when you suck out a few times and still bubbles.
On the other hand you can bubble and win more than first place prize in EV. This happens when the micro stack won't die at the bubble and win 5 flips in a row, then you bubbled.
Last edited by mtgalex; 06-19-2015 at 11:05 PM.