Chip Counts Controversy

[redsimon]

Big row at Notts Gala tonight (whats new) 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?

[I KNOW IT]

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.

[Yogi-Bear]

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

[BlueWolf]

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

[dik9]

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

[Colchester Kev]

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.

[doubleup]

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.
IMO

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]  

[dik9]

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.
IMO

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!

[doubleup]

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.

[dik9]

This is why card room staff can never win!

I rest my case

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

[Nightfly]

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.

[tikay]

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

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

[dik9]

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

[snoopy1239]

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.

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.

[doubleup]

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

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