Basically it's a reentry event.

Each time you enter you can purchase 10k chips for 1k 20k chips for 2k or 30k chips for 3k.

2 questions

1) will this format be met with approval from the general public?

2) how much would you buy early on, and also if you reentered?

Will you get a $10, $20, or $30 buffet voucher?

$3K, rebuy $3K if you bust early.

I mean, you should obv just buy in for 1k, whether its reentry or not

Outrageous! This is just another example of the creeping Oligarchy perverting everything of honor with their unlimited wealth. I am sick of their extravagance being constantly flaunted in my face and the WSOP was the last bastion of actual meritocracy in this nepotistic world of ****, no more!!

I bet you felt really happy to be the first to troll!

From my facebook post. Are these calculations correct?

I ran an ICM calculation with a 5 player event with 3 places paid: 50%, 30% and 20%. If one person had a 2x stack and the other 4 hand 1x stacks, the 2x stack had 1.60x the equity of the 1x stack. So since he paid 2x for his stack he is losing EV. But if there were 10 players, the 2x stack equity rises to 1.83x. With 15 players it rises to 1.89x and with 20 players it rises to 1.92x. So as field sizes get larger, it approaches the fair value of 2x. It will never get to exactly 2 since more than one spot is paid. If it was winner take all, then it would be 2x regardless of field size. As a bracelet event, it will likely get at least 500 players so value likely will be over 1.98x. With a 3x stack, a similar progression: 5 player = 2.01x, 10 player = 2.52x 15 player = 2.69x, 20 player = 2.77x.

Yep, smaller the buy in stack, the better the ICM value per chip.

We should also factor in the strength of the field, our edge on it, if we have one.

The bigger the edge we have the more this negates the effect of a bigger entering stack not being worth as much ICM per chip.

Similar example of this is in a double chance comp where we should initially sit with just one stack, but if we find the table is really soft and many have bought in for both stacks then we should add our second stack too.

Oh, and maybe skip this event? :P

DJ is bringing it in this one. Good job!

Bringmeabracelot.com baby!

Unfortunately something similar will be overheard on tv day one

“Nice 3k buyin fish... try learning ICM”

Nails meet chalkboard

They ruined one of only 2 turbos trying to promote wsop.com and no one really cared, but somehow this is a major issue?

Yes, its stupid and these formats should die, but they jumped the shark 3+ years ago.

This is not so much a function of field size as it is distance away from the payouts and the steepness of the payout curve. You are going to get more ICM distortion the closer you are to the bubble, and the relative size of the bubble compared to the top prize(s). A 5-player event that pays 3rd one buy-in and 1st 2.5 buy-ins should have the same ICM values as a 20 player event that pays 1st-4th 2.5 buy-ins and 9th-12th one buy-in.

It is monetizing your ROI. The better you are at tournament poker, the more you should invest with the buyin. The worse you are at tournament poker, the less you should invest.

It will boil down to real pros and imagined pros buying the 3k and the average joe gets to participate for less money.

Sounds fine to me.

also eliminates the needs for satellites to said tourney, imo

I have in the past brought up the idea of buying in for whatever you want. No rebuys. It should be obvious that in a non one winner tournament the better you play the more you should buy in for but only up to a certain amount. (But actually that is not theoretically true either. If you were using marked cards there would be no reason to buy in big.)

I agree regarding it being close to tantamount to a satellite. On Twitter yesterday I posted:

"(The $1K, 10,000 chip buy in) is a way of a smaller rolled player "winning" a guaranteed seat into a much bigger buy in comp, only with a less than tournament average stack when they "arrive". A kind of satellite with extra benefits I'd say"

Naturally the main benefit is the improved ICM profile of already being in the comp rather than the comparatively lower ICM value of a conventional and pure satellite costing $1K.

could be win/win/win non pros can buy in for less and potentially get a bigger payout, and the pros will all want to max buyin. Casinos make more money.

Only losers are break even/losing pros and people with backers (aka the same thing).

That said psychologically I'm not sure it'll catch on, I'm not sure that many non pros would be cool with starting a tournament and ending up at a table where everyone but them has 3x their stack before it starts.

Roi =/= hourly
Don’t overestimate icm at the start of 3k player tourney

Not exactly a “new” idea, good for tournies in general, questionable for bracelet prestige but honestly w/e

While my ideal tournomant is a pure freezout, no rebuys, no add ons, I have been playing several other turnmants where you can double buy, and add on at an add on period.

I usually try to go in there with one buy in and one add on. If I donk a donk early, or get super cooooooooled (flop K flush and they flop A flush with no paired board) then maybe rebuy in. But generally save two bullets a tourney if it's not a freezeout.

However, it doesn't really bother me much when I see someone sit down with an extra stack or two at the beginning. To me, that's either they love seeing flops so post flop play to the day, or they are gonna nit nit nit like crazy so LAG MODE ACTIVATE.

On the other side of the coin, if it's a bigger field and the minimum cash zone pays more than a double buy AND an add on, the hey I'll double buy to get a stack to play some flops. We ain't aiming for min cash anywayz.



BLAH BLAH BLAH

Long story short, I prefer pure freezeout tournaments the most, but adapting to different stacks in double or triple buys does take some time. If I were to do this tourney, I'd 3k add all the way.

The above is incorrect. A correction was posted.... Basically, paying 15%, then 6 player 2x has 2x equity, with 13 players it has 1.931x equity and with 20 players it has 1.913x equity. For 3x chips, 6 player has 3x equity, 13 players has 2.80x equity and 20 players has 2.75x equity. So for a 1,000 player event where 1st pays 19%, then it will be even lower. So you are overpaying when you buyin for more chips if event is not winner-take-all.