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Are charity MTTs +EV?

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12-20-2012 , 08:52 PM

Tuma

Worships Amon-Ra

Join Date: Aug 2012 Posts: 17,085

Charity tourney, i.e. a % of the prize pool is donated.

assume 80% of the pool is kept for the players and 10% of players cash.

1) is this +EV for anyone?
2) does the payout distribution matter?
3) if (1) is yes, what would you say is the inflection point at which the tournament becomes profitable for very few players.

thanks.

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12-20-2012 , 09:03 PM

set4vegas

old hand

Join Date: Jun 2011 Posts: 1,634

Its +EV for the charity

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12-20-2012 , 09:12 PM

intclock

veteran

Join Date: May 2009 Posts: 2,666

i dunno, anytime i've played a charity tourney the top 2 or 3 finishers have ended up donating 50% of their winnings on top of whatever was deducted from the prizepool. basically, charity tournies are a fun way to raise money, not a good way to make money.

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12-20-2012 , 09:41 PM

ScreaminAsian

For President

Join Date: Oct 2008 Posts: 33,333

the competition is always pathetic because the low stakes and high rake drives anybody who can make money playing poker to play anything else in town.

the final table is always scared money. always wanting to pay the bubble boy, always wanting to chop asap.

these factors must be considered

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12-20-2012 , 10:41 PM

khanrava

Carpal \'Tunnel

Join Date: Nov 2008 Posts: 10,662

if your roi (pre rake) is >20% then it's profitable, if your roi is <20% it is not profitable

/thread

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12-20-2012 , 10:49 PM

Rowniwn

Pooh-Bah

Join Date: Feb 2009 Posts: 4,091

+karmaev

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12-20-2012 , 11:02 PM

Protential

Carpal \'Tunnel

Join Date: Apr 2008 Posts: 12,460

Soft as hell and you can help raise money for a good cause. +EV imo. Don't expect to make too much long run though, just do them more to have fun.

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