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 01-30-2008, 11:10 PM #1 xGREGORx old hand     Join Date: Oct 2004 Posts: 1,266 tourney chop - chip chop vs ICM For a 3-way tourney chop, I was comparing the "chip chop" method with the "ICM method" to figure the payout amounts. Can anyone check my math to see if I did this correctly? Thanks 3 players: Player 1 - 15,000,000 chips Player 2 - 10,000,000 chips Player 3 - 5,000,000 chips 1st place \$ = \$300,000 2nd place \$ = \$150,000 3rd place \$ = \$100,000 By chip chop, I figured... Player 1 gets \$275,000 Player 2 gets \$183,333 Player 3 gets \$91,667 By ICM chop, I figured... Player 1 gets \$217,500 Player 2 gets \$186,667 Player 3 gets \$145,833 Does this look right? Thanks ----xGREGORx
 01-31-2008, 02:21 AM #2 jay_shark Pooh-Bah   Join Date: Sep 2006 Posts: 3,655 Re: tourney chop - chip chop vs ICM You may use an ICM calculator to figure this out but you can also do it by hand. \$Ev(player1) = 15/30*300,000 + (10/30*15/20 + 5/30*15/25)*150 000 + (10/30*5/20 + 5/30*10/25)*100,000 = \$217,500 \$Ev(player 2) = 10/30*300,000 + ( 15/30*10/15 + 5/30*10/25)*150,000 + (15/30*5/15 + 5/30*15/25)*100,000 = \$ 186,666.66666 \$Ev(player 3) = 550,000 - 217,500 - 186,666.666 = 145,833.3333 As a verification , we check 5/30*300,000 + (15/30*5/15 + 10/30*5/20)*150,000 + (15/30*10/15 + 10/30*15/20)*100,000 = 145,833.3333 Everything looks right.
01-31-2008, 08:36 AM   #3
Jean
old hand

Join Date: Nov 2007
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Posts: 1,584
Re: tourney chop - chip chop vs ICM

Quote:
 Originally Posted by xGREGORx For a 3-way tourney chop, I was comparing the "chip chop" method with the "ICM method" to figure the payout amounts. Can anyone check my math to see if I did this correctly? Thanks 3 players: Player 1 - 15,000,000 chips Player 2 - 10,000,000 chips Player 3 - 5,000,000 chips 1st place \$ = \$300,000 2nd place \$ = \$150,000 3rd place \$ = \$100,000 By chip chop, I figured... Player 1 gets \$275,000 Player 2 gets \$183,333 Player 3 gets \$91,667 By ICM chop, I figured... Player 1 gets \$217,500 Player 2 gets \$186,667 Player 3 gets \$145,833 Does this look right? Thanks ----xGREGORx
Errr in your chip chop player 3 is getting less than the 100,000 he is guaranted ... seems dubious, doesn't it ? You should give 100,000 to everyone as a start and then do whatever calculation you like for the rest of the prize pool I think.

 02-01-2008, 06:15 PM #4 Peter Harris Carpal \'Tunnel     Join Date: Nov 2003 Location: Post count >>> Bankroll :( Posts: 8,419 Re: tourney chop - chip chop vs ICM i wanna chip chop with that 3rd guy

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