Quote:
Originally Posted by ScotchOnDaRocks
I don’t think Deeb would be going about it like this though if there was a deal
He cares about his rep in poker world and wouldn’t want to be labeled as a liar
If there was a deal in place something could absolutely be said or presented at a later time indicating there was.
Then add in Ben Lamb tweet. He’s in the know I’d imagine and is a straight shooter
There's also another factor in Deeb's tweet strongly arguing that there was genuinely no chop: taxes.
If there was a chop, Deeb certainly would only want to be paying taxes on the money he actually won. He would need to have documentation of the chop and the actual prize distribution.
But he would also now have several public statements that he won more than he actually won. These could be used against him by the IRS to suggest tax fraud.
Of course, if Weinman actually chopped for -more- money than his share of the prize pool (i.e. if they chopped and Weinmain finished 3rd), his backers might be incentivized to claim there was no chop, making this statement less credible. But claiming that you won more money than you would from a chop is a very strong statement against your own legal interest, giving it much more credibility.
Quote:
Originally Posted by plaaynde
Say $10M for first place, $8M for second, $7M for third, $6M for fourth? Coming in second is already 'punished' by not getting the bracelet, no need to beat the beaten.
I agree that in this particular case, the WSOP made the gap between 1st and 2nd too big just to claim the largest 1st prize ever.
But the prize pool you are suggesting is not a good solution.
It's already taking an additional $6M out of the prize pool to pay 3rd and 4th. And are you going to give $6M to 4th but keep 5th at $2.4M? Assuming not, you are going to have to give several additional millions of dollars to the final table.
This money will have to come out of the lower prizes, which are already pretty frustrating small. You can finish in the top 1% of this field and only win 7x your buy-in. You want to take money award from these prizes to give even more to the top 0.1%?
But the even bigger problem is that making the prize pool very flat on the top would just encourage even more cautious and boring play at the final table, as there would be more and more incentive to just sit back and ladder up. The only circumstance in which there wouldn't be ICM pressure to do this is if the tournament were literally winner-take-all. This of course would be unworkable and very unpopular, but the flatter the structure, the worse this incentive gets.
Really the only chance I would have made to the structure is to lop $2M off 1st, $500k off 2nd, and distribute it to the middle of the cash schedule.