Quote:
Originally Posted by Howard Beale
I have zero idea re MTT equity so everyone who does is ahead of me. My point: You want to win the tourney? That's WIN, not just get some money, you've got to get chips and if you aren't willing to fling in chips w/ this hand what in the heck are you sitting there for?
Yeah, there are a lot of places to read up on MTT theory--Mike Caro's diatribes against winning a prize for going broke are relevant here
-- but in a nutshell, consider a single seat satellite. It's just a big freezeout cash game because only the player who captures all the chips wins a prize. So there, you are absolutely correct because you literally have to win all the chips and then you win the entire prize pool.
Once you add additional payouts, winning all the chips doesn't win the entire prize pool, so the marginal value of each chip decreases as your stack gets larger. If you double up from 20% of chips in play to 40% you still don't have 40% equity in the prize pool. (An MTT top prize might be 30%.) You might increase from say 15% to 25%.
I like your general orientation of aiming for top prizes--this is a very good mindset in MTTs because it's the opposite of the weak-tight mentality that tries to sneak into mincashes--but you've gone a little
too far in that direction.