blonde poker forum

Big row at Notts Gala tonight (whats new) :D over allocation of prizes.

3 left at count stage. One guy has 96% of chips and two others 4% between them. Massive row as Prizes offiically £2700 /£1300/£650 and Chipleader argued that he should get more than £2700.

My view would be all get £650 then remainder is split pro rata but with the caveat that 1st cannot win more than £2700. (all amounts approx)...row seemed to go on for ever and was still bubbing on when I left.

What is the normal chip count allocation procedure?

At Walsall, it is exactly as you say, with 3 left, they would all take 3rd prize, then split the remaining prize fund  pro rata to chips. No way can anyone get more than 1st prize.
Unless the other guys offer him a deal  pre chipcount.

But in the scenario above the chip leader would get about 3200.

I've never had it happen, altho i have seen someone offered more than first in a deal once.

We use the all take 3rd place etc.etc. chip count way. So much fairer until someone has 96% of the chips.

HEHEHEHEHE

Yogi

player with 96% of chips cannot get more than stated first prize, he would get 2700 and the rest would be split accordingly in relation to the other 2 players chips.

Very rare that this would happen though, to have a player with 96% with 3 players left

If chipleader has over 50% of chips he takes 1st. £2700
2nd and 3rd take £650 Each
The remainder of prize money split pro rata, between 2nd and 3rd
IMO

Am I being stupid here ? (YES I KNOW I AM STUPID ANYWAY) but .... how can someone want more than first prize because he has 96% of the chips ?   if they have time to play the comp out, he wins it outright, he gets first prize... end of !!!  if they do it by chip count and he has 96% of chips he cant possibly get any more than first prize, its ridiculous.

Thats not correct.  If chip equity is worked out correctly, the chip leader should actually get slightly less than !st prize.  If the second and third were equal in chips, they should get slightly more than half of  2nd and 3rd prizes combined.  This is because if the tornament was played out there is a small chance that the chip leader wouldn't win. [This is what should happen - the rules in various casinos are probably incorrect]  

 

This is why card room staff can never win!

A simplified example of the correct way to calculate chip equity is:

Player A 96% of chips PB 2% PC 2%

Imagine all players go all in blind

1/3 of the time PA wins - end

1/3 of the time 94% PB 6%

1/3 of the time 94% PC 6%

The heads up scenario can go on for quite a long time, but the outcome is actually PA wins 1st 94% of the time and PB or C wins 6% of the time.

The oucome of this is PA should get £2592 and PB and C should split the remainder.

I rest my case

THEY ALL KNOW ITS A CHIP COUNT!!!!!

Just in case anyone gets the wrong impression of the way Chip counts are conducted at Nottingham, please be assured that chip counts are conducted in a proper and fair manner. As far as I can see there is no controversy. Just an individual being GREEDY.

No Player can win more than first prize.

A poker player being GREEDY? Whatever next......

For the sake of record, the chip Count method at Gala Notts is perfect.

No Wrong impression nightfly...You are 100% correct and I think everyone agrees!

I was just thinking doubleup was making it a bit more complicated for us and was trying to work out how he would do it in a 10 way split with an assortment of %s to calculate? And how long it would take! The pit staff would have gone home before I could work it out...I am a bit thick ;D

My thoughts exactly. I thought I was missing something when I read the opening post.

Let's see, if you win the comp outright you end up with 100% of the chips and receive a first prize of 2700.

So when it comes to chip count and you have 96% (less than 100%) you deserve more than 2700. What sort of logic is that?

Yep, sounds like pure greed to me.

Don't how you do it so can't comment - I just illustrated the general principle.  If you think the example was complicated, just remember that was the absolute simplest 3 way deal, I don't actually think that anyone has solved the underlying mathematical problem.  So in a ten way deal the pit staff would probably have retired before you could work it out ;)

Your right LOL I thought you were implicating thats the way we should do it? Told you I was thick!

Fortunately we dont work in Chance in the cardroom, at the end of the day we have an advertised payout structure which Now due to the mighty GB we HAVE to stick to, The only variance with this is when chip counts occur although it cannot be ammended so that any player picks up more than the stated 1st prize. that would just lead to all sorts of insanity with players holding out for time when they amass a large ammount just to scoop a few extra quid. I know its all "your" money as i was so often reminded in the cardroom  but we have to look at the interests of everyone not just the player with the most chips and the way stated is the fairest way IMO

Thats exactly what I said. "Controversy" in that several players (most not left in the competition) had a "who can shout louder" fest as the "issue" was being discussed. Funny though that the 96% guy is probably the most experienced player there and just didn't want to understand the principle involved. I guess a few hundred extra quid is really vital for him? To reiterate I have no problem with Notts chip count allocation policy

Just to throw a spanner in the works. But where does it say that someone can't receive more than the advertised 1st prize.

Dani??? Blue Wolf???

I don't even have a copy of how a chip count works. It just says chip count will take place at a certain time. Not how it's done or anything.

I know in the interests of fairness BLAH BLAH they wouldn't get 1st but if someone quizzed me I wouldn't have any back up, so would have to pay more than 1st in the above scenario. Wouldn't I??????????????????????????

HEHEHEHE

Yogi

remind me next time i am in blackpool and have 90% of the chips with 9 players left to make sure time is wasted untill we reach a chip count cause i am gonna fling that one at you yogi 90% of total prize pool minus a few % seems like a good deal to me

Dream on Iron, dream on......

Obviously it will be without the 9 x 9th prtizes taken out then a 90% from there.

But yeah it should give u a healthy profit i guess. Just one problem with the theory Ironside mate. You with 90% of the chips?? How??

HEHEHEHE
Yogi

blackpool is by the coast plenty of fish there

I'm positive its stated somewhere along with a rather complicated workings of chip count procedure, although not sure if its actually legally set in stone most likely not.

However my argument would begin with..." In the spirt of the game............" lmao