Quote:
Originally Posted by chiefsfan17
Could make for a good/hilarious MBA class presentation.
i wont go through the whole package, but ill say this: galen does not have a 61% roi in the 10k 6max. would be shocked if it was above 30% to be honest. i know he assumes his ROI is higher than 61% and that he didnt need to sell so selling at a high markup was his goal, but selling at a markup higher than your ROI is unethical.
that part of the package being so incredibly -EV makes it very likely that the entire package is -EV when the other markups are also very high so its not like theres super +EV spots in other places to make up for it.
i think really highly of galens game. love how he plays. i think hes extremely intelligent and has great aspects about him that are important for live poker. but there are so many great players in the tournament how can his ROI be that high?
Let me run some rough estimated numbers. say the tourney gets 400 people, and after rake the prizepool will be 384 buyins. there are probably 50 fish with an average ROI of -40% (they win 30 buyins back), so thats 354 buyins left. then there are 250 ok-good tourney regs with a -10% ROI on average (they win 225 buyins back), leaving 129 buyins for the top 100 tourney players. meaning the average ROI for the top 100 players is 29%. id imagine the top 15 guys (ivey, ike, seidel, mercier, marchese etc) maybe have 40%+ ROIs capping out around the 75% area and the top 5 maybe 75% and the other 85 are all in the 10-40 range.
now im gonna list out ~75-80 great players (no offense if i didnt list someone, i just wrote out a bunch of names i saw on a list and off the top of my head) who im 95%+ certain will be playing this tournament given how close it is to the main event. tell me where you think galen ranks amongst them in terms of ROI. keep in mind galen has played less than 100 live tournaments, was basically only a pro for 2 years, has a 24% ROI in online tournaments and has no online high stakes cash experience.
ivey, mercier, seidel, katchalov, sorel, moorman, marchese, haxton, seiver, bonomo, timex, glantz, schulman, elky, trickett, raptor, menlo, gboro, ben86, sauce1234, djk, ben lamb, yevgheniy, genius28, galfond, jungleman, stinger, cole south, olivier busquet, andrew robl, lee markholt, chris klodnicki, daniel alaei, will reynolds, will molson, aejones, tjbentham, nanonoko, 0human0, isildur, terken, jeans89, doc sands, jason koon, dan smith, steve odwyer, shawn buchanan, jon duhamel, vanessa selbst, sam stein, luckychewy, bryn kenney, floes, amak316, mig.com, charder, stevie444, apestyles, ender555, taypaur, elio fox, bakes, jake cody, benyamine, joe tehan, antonius, shaun deeb, btherecom, john monnette, tim0thee, brianm15, pokerjamers, joe tehan, brian rast, basebaldy, chris moore, scott clements, matt waxman, jjprodigy.
giving him every benefit of the doubt id still have him ranked at best around #40 or in a group similar to those guys #25-#60. also consider there are probably 20+ very good cash game players both live and online that will show up that im not thinking of that have an edge in this tournament. guys like king10ofclubs or shane rose. theres simply no way its possible for him to have a 61% ROI in this tournament.
as a good exercise, after the tournament takes place, remove who you think are the top 15 guys i listed and total up the cashes of the other 55 and see if that total is more than 900k. on average i bet it wont be.
im actually writing a book on backing. taking longer than i expected, and ill cover a lot of stuff like this. should be done with it before wcoop.
Last edited by Daut44; 06-23-2012 at 02:03 PM.