Quote:
Originally Posted by KevinGChapman
Isn't part of the issue the size of the fields at WSOP? In order to plan for the tournament to be done when you want it to end, you must arrange the ratio of total chips in play to the blinds at the point when you want day 1 to end in order to be at about 12-14% of the field still playing (if you want to hit the money bubble paying 15% of the field before the end of day 1). In the seniors event, for example, levels are 60 minutes, starting stacks are 5000, and play will be 10 levels on day 1. Blinds in level 10 are 500/1000 (+100 ante). Last year there were 4500 players, so that's 2.25 million chips in play. If the average chip stack when 15% of the field is left is about $33,000, that means the average stack is about 33BB.
If you gave every player 20,000 chips to start, the structure would have to increase much more quickly in order to reach that 30BB average stack level. You could run 30 min. levels and play through 20 levels instead of 10 levels and you'd get to blinds of 2000/4000 by the end of the day in order to get to the same chips-to-blind ratio so that you eliminate 85% of the field before the end of day 1. Does that make the structure "better" because in the first level you have 200BB? Might it take longer to eliminate 85% of the field if stacks are deeper and more players are hanging on with short stacks?
At my local casino they run a big series four times a year where for a $300 buy-in you get 20,000 starting chips and they get 1500+ runners over several day 1 flights but you don't reach the money until half way through day 2 and even if you bag chips after day 2 your guaranteed payout is only about 5x the buy-in. There may be 100K at the top, but the ROI given the hours of play over the first two days are really low unless you make the final table. Is that a "better" structure?
Depends on your perspective.
I agree that dealing with huge fields adds complexity since everything (breaks, color-ups, etc.) tends to take longer. But I think the speed of play-down, at least when it comes to reaching the money, has a lot more to do with the structure than it does the starting stacks.
IMO, small-stack tourneys are not necessarily worse structures (in fact, many of them have slower overall structures than those with larger starting stacks). Its just that small-stack tourneys do not have the same allowance for early variance. Modern poker is not about folding 20 hands in a row until you get a pair or a premium hand and hope to win a flip against an opponent doing the same. Modern poker is about mixing it up with a much wider range of hands against others doing the same. You have to have a certain number of BB early to do this and not find yourself in big trouble just because of a little bad luck or variance. For a typical tourney which has starting blinds at 50/100, I think a minimum of 15K is necessary with an optimum starting stack of about 20K, depending on the structure.
And, in order to reach the money in a reasonable amount of time, you don't have to skip levels. You just can't have ultra-long levels to start the tourney. 40-45 mi levels are ideal and can be increased later in the tourney.
Case in point... the recent MSPT event at the Venetian. This had 15K starting stacks and 40 minute starting levels. IMO, 18K would be better, but this was by no means a fast event. And, despite attracting a huge field of over 3200 entries over three day ones, and only playing 15 levels (10 hours ) on day 1, the tourney made the money within 2 hours on day 2. Such a perfect combination of good structure, huge prize-pool and reasonable amount of time invested.
I'm looking forward to playing the MS in a few weeks. But that event would be better if they shortened the day one levels to 40-45 minutes.