Quote:
I did a real quick ICM analysis with 25 players for evaluating the late entry option. Without late entry, with the ICM assumption that all players are of equal capability, each player has a negative ROI, that due to the entry fee. I then had some players bust so that stack sizes increase for some remaining players and other players have decreased stacks. I then found for the particular case I assumed that a player entering late has a higher start ROI than if he entered at the beginning of the tournament. This is probably due to the fact that increasing tournament chips lose some value relative to prize $.
Of course, there are other considerations. With late entry, you are closer to the prize money but start with a stack less than the average. The model I have allows for varying player capability and maybe I will attempt to see how late entry value correlates with player ability. Should better players enter early to take the “easy money” or enter late to be closer to the prize money?
Interesting,yea so the advantage of having the extra chips of an average stack over the guy starting late doesnt make up for the fact that the guy starting late can never bust out early too i suppose.Although a pro should have on average a higher stack by the end of late reg though