Quote:
Originally Posted by bearer
Really interesting thoughts Eggs. Agree exploiting mistakes to the best of ability is more taxing but I've never before come to your conclusion.
Suppose field strength remains constant, if you had ample options and bankroll is there a minimum field size tournament you would play? (my assumption that winning a 3x-runner tournament is less than 3 times harder than winning an x-runner would need to be correct for the question to be worthwhile)
I've been interested in the question "How much, compared to random chance, does a player with R% roi win an MTT of various field sizes". I'm trying to find the spreadsheet where I did the model but can't right now. It was really simple: I just grabbed the prize distribution off ACRs website and plopped them into Excel; then I added columns for the random-chance likelihood of each prize tier (basically # of prizes paid per tier divided by number of entrants), then I did some thought experiments. What if skill equally increases the likelihood across all tiers? What if the distribution is skewed: approximately random-chance likelihood to cash, but asymmetrically higher likelihood of winning?
For both 100-man and 500-man events, the results were identical:
Equal likelihood across tiers: likelihood for each tier is (1+R)*random-chance likelihood;
Skewed likelihoods: winning probability somewhere between 150% and 160% random chance (for a player with a massive 40% ROI)
In other words, I'm pretty sure that even a world-class sicko is not expected to win an MTT more than 140-160% more often than random chance would predict.
Compare Tiger Woods' career "multiplier" in golf tournaments: 24.2% winning percentage, assume an average field size of 125, that's a multiplier of (.242/(1/125)=3025%). Poker edges are indeed small; there's no physical athletic component.
Perhaps things get kooky when field sizes are really small (9-man STTs) or really large (10000-man events). I don't know.
But to me there isn't enough evidence to justify shopping around for events. I'd play literally anything that fits into my schedule. And even if my table were filled with people open limping at 100bb deep, I'd feel immensely challenged to truly exploit them to the fullest. Some of these maximally exploitative strategies are downright silly.