Title: Formula/Program for calculating a players EV in a tournament at any given time Post by: cambridgealex on September 07, 2012, 05:02:03 PM I'd like to know how to calculate a players EV in a tournament at any given time, given stack size, total chips in play, players left and prizepool/structure.
Can anyone point me to a formula/program that can do this. Assume it's not possible to just use an ICM calculator for this but could easily be wrong. Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: edgascoigne on September 07, 2012, 05:06:52 PM I'd like to know how to calculate a players EV in a tournament at any given time, given stack size, total chips in play, players left and prizepool/structure. Can anyone point me to a formula/program that can do this. Assume it's not possible to just use an ICM calculator for this but could easily be wrong. I would suggest you may have to factor in ability as a fairly significant factor ;) Not to mention multiple other nuances... Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: cambridgealex on September 07, 2012, 05:08:22 PM Yes obviously!
Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: Skippy on September 07, 2012, 05:10:19 PM That's what ICM is. It's an attempt to work out how much every stack is worth.
Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: jezza777 on September 07, 2012, 05:13:53 PM ICM doesnt calculate a specific players EV though.
Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: cambridgealex on September 07, 2012, 05:14:58 PM That's what ICM is. It's an attempt to work out how much every stack is worth. yes but I don't think that can be done with like 100players left / before the bubble etc. Or if I can I don't know how it's done- hence the thread! Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: skolsuper on September 07, 2012, 06:01:11 PM ICM doesnt calculate a specific players EV though. Yeah it does. That's what ICM is. It's an attempt to work out how much every stack is worth. yes but I don't think that can be done with like 100players left / before the bubble etc. Or if I can I don't know how it's done- hence the thread! Yes it can, you just need every stack and every payout. Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: rfgqqabc on September 07, 2012, 06:15:49 PM Why? So hard for no real informational gain.
Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: Doobs on September 07, 2012, 06:28:54 PM Next business venture doing a Sorel?
Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: Skippy on September 07, 2012, 06:32:08 PM It's worth noting that the M in ICM stands for model. The ICM method is an attempt to provide an answer to the question "how much is this stack worth", but it has defects.
Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: cambridgealex on September 07, 2012, 07:34:56 PM Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: Skippy on September 07, 2012, 08:02:37 PM I imagine he means multiaccount, dump chips from one account to another to increase total equity in tournament. Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: Doobs on September 07, 2012, 08:15:21 PM He took over an account near the end of a tournament, don't know if he paid ICM for it. It was back in the day when the rules weren't clear. Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: cambridgealex on September 07, 2012, 08:22:04 PM Ha no nothing like that!
Thinking about whether there'd be a market in selling %ages in people who've made day two/three of live events. E.g. Zimbler makes day 2 with a big stack, I estimate his EV in my opinion using all the information and tools available, set a minimum price and sell up to x% in him, and have to pay out x% of his cash if anyone buys. People could bid for the %ages too. Think lots of people would like to have sweats in people in big events who haven't got %ages can buy in their mates, heroes, comedy characters etc. Would obviously limit my exposure each time to quite small amounts, perhaps only selling a few % for each event as it's obviously high variance, and the minimum prices would reflect this too so it could be a nice little idea. No costs to run or set-up either and if no-ones interested it doesn't cost a penny. Thoughts? Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: jgcblack on September 07, 2012, 09:08:37 PM Rastafish price in lvl1 of a dtd500?
Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: LonOhRay on September 07, 2012, 09:51:18 PM ICM extended to bottom pay out to players left
Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: JK on September 08, 2012, 12:44:12 AM Rastafish price in lvl1 of a dtd500? Cant take that, sorry. Not enough money Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: Royal Flush on September 08, 2012, 03:46:20 PM It was back in the day when the rules weren't clear. No it wasn't. Title: Re: Formula/Program for calculating a players EV in a tournament at any given time Post by: DungBeetle on September 09, 2012, 11:28:20 AM "I estimate his EV in my opinion using all the information and tools available, set a minimum price and sell up to x% in him, and have to pay out x% of his cash if anyone buys"
In my opinion any purchase anyone makes against an individual as a counterparty in a scheme like this is undoubtedly a poor investment due to not receiving a premium for credit risk. It seems doubtful that someone can be adequately capitalised to short people in big ticket big field events? This is a general point, and not aimed at you individually Alex. |