Deals

[Teacake]

Myself & Rod cashed in the 10 quid rebuy at Cincinattis in Glasgow last night. Top 3 were getting paid 550, 275, 175.

Big stack had approx 65 to 70k, I had about 18k & Rod about 15k. We decided to do a deal but all it amounted to was Rod & myself splitting 450 (230 & 220) between us that we were already getting.

I know we got this wrong but it was a combination of inexperience & relief at cashing.

What SHOULD we have done. I dont know if this is relevant but I had no need to re buy & Rod re bought twice. Dave tells me Big Stack re bought approx 10 times!

I am curious for your responses as this is something I want to be better prepared for next time & the opinions on here always worth taking on board.

[Ironside]

i would have asked for a 500/250/250 split but would have been happy with the 230/220 split

problem is your and rod are 2 indiviuals yes friends but over the table you were basically emermys

so the dea was between you 2 and you were conseeding first to the other guy

[AdamM]

if I was the other guy I wouldn't be interested in less than 550 there.

[Ironside]

if I was the other guy I wouldn't be interested in less than 550 there.

same here but i would offer him 500 first and see what he says

[Teacake]

That was more or less what happened. I asked for 50 from the big stack but he was reluctant & I dont really blame him as it was my first time at the club & Rods 2nd or 3rd so he would expect to pick up the 550.

[snoopy1239]

I would never have taken the 450 split if it equalled 2nd = 3rd. Don't forget that if the chip leader only needs to double you up once for you to be close to even.

[thediceman]

I don't see the point in conceeding the first prize as you may as well take your chances and pay for it. It only takes one double up and it's a totally different game. What are you gaining out of a deal where you are giving up the full first prize. 500/250/250 sounds about right to me. The chip leader may have a healthy lead but it is still no guarantee he will win. If he wants to play safe and take as much as he can in a deal it is he who has to make some allowance and offer me a good deal.

[snoopy1239]

I would never have taken the 450 split if it equalled 2nd = 3rd. Don't forget that if the chip leader only needs to double you up once for you to be close to even.

that should be 2nd + 3rd.

[Ironside]

I don't see the point in conceeding the first prize as you may as well take your chances and pay for it. It only takes one double up and it's a totally different game. What are you gaining out of a deal where you are giving up the full first prize. 500/250/250 sounds about right to me. The chip leader may have a healthy lead but it is still no guarantee he will win. If he wants to play safe and take as much as he can in a deal it is he who has to make some allowance and offer me a good deal.

well if he came 3rd he would only get 175 so he was gaining £85 now if he and rod turned round and said lets chop what ever we get when the were sat with 3 left that would amount to the 2 of them playing against the chip leader and then it would be classed as cheating

personally if i was in 2nd or 3rd i would be looking for 500/250/250 if i was in first i would have been looking for £550

this is where being a good deal maker would come in

[Teacake]

I don't see the point in conceeding the first prize as you may as well take your chances and pay for it. It only takes one double up and it's a totally different game. What are you gaining out of a deal where you are giving up the full first prize. 500/250/250 sounds about right to me. The chip leader may have a healthy lead but it is still no guarantee he will win. If he wants to play safe and take as much as he can in a deal it is he who has to make some allowance and offer me a good deal.

well if he came 3rd he would only get 175 so he was gaining £85 now if he and rod turned round and said lets chop what ever we get when the were sat with 3 left that would amount to the 2 of them playing against the chip leader and then it would be classed as cheating

personally if i was in 2nd or 3rd i would be looking for 500/250/250 if i was in first i would have been looking for £550

this is where being a good deal maker would come in

Your right ironside.

Me & Rod are mates & are also new to the club so it wouldnt have been a good idea for us to soft play each other &  target the other guy for the sake of $50 between us.
These things never appear to be cut & dried & each should be taken on their own merits.
BTW I'm not complaining about the deal just want to be better prepared for the future.

[thediceman]

well if he came 3rd he would only get 175 so he was gaining £85 now if he and rod turned round and said lets chop what ever we get when the were sat with 3 left that would amount to the 2 of them playing against the chip leader and then it would be classed as cheating
[/quote]

I aware of the £85 difference but considering second and third was to be split between friends they could have done business to ensure 2nd & 3rd was split between them whatever and why not to a punt at the chipleader and go for a bigger prize.

They would be in a no lose situation. You can agree with regards to the ethics of them making such a deal and yes it would be cheating but when it is a no lose deal it would be vey tempting. It's amazing what two blokes talk about during a toilet breck away from the tables.

[Ironside]

well if he came 3rd he would only get 175 so he was gaining £85 now if he and rod turned round and said lets chop what ever we get when the were sat with 3 left that would amount to the 2 of them playing against the chip leader and then it would be classed as cheating

I aware of the £85 difference but considering second and third was to be split between friends they could have done business to ensure 2nd & 3rd was split between them whatever and why not to a punt at the chipleader and go for a bigger prize.

They would be in a no lose situation. You can agree with regards to the ethics of them making such a deal and yes it would be cheating but when it is a no lose deal it would be vey tempting. It's amazing what two blokes talk about during a toilet breck away from the tables.
[/quote]

i would never advocate cheating and feel that if they had done this they would have felt like they had cheated and the bad karma would live with them

[thediceman]

possible £300 vs possible bad karma

£300 pays for alot relaxation therapy 

[Royal Flush]

Is this a windup??

I dont mean to be harsh, looking at the chips there was about a 100k in play, now this guy has 65-70%. I would at max let him take £500, 0.7 x the diffrence between the 2nd and first prize + 2nd prize, and this assumes that there is 0 chance of him coming 3rd. Like i said it was a max. I would do that if i felt he was outplaying me, if it was a worse or equal player i wouldnt let him out with more than £470

[Bongo]

Surely they could renegotiate the prizes for 2nd and 3rd and then play on to see who gets them?

I can't see a situation where i'd want to take a deal where 1st place doesn't have to give up any money.