How much your seat is worth.

[thetank]

Hand analysis board type post this, but not about any specific hand so I put it here.


You play an STT, you've payed your money and sat down. It cost you $33 to enter, but you win an average of $40 for each one you play.

Your seat is worth $40 to you as the first hand is dealt. Or $40 is your expected return from this tournament.

On that hand, you fold, but one player knocks another out.

There are now eight players instead of nine, the top 3 pay.

As the second hand is dealt, what is your seat worth to you?

[Bongo]

higher!

[M3boy]

Same?

[thetank]

higher!

 

I'm looking for numbers

[Dubai]

In a winner takes all tourny your seat would be worth the same.
However in a structured payout such as an Stt your seat value would increase due to the number of entrants falling because it is not a mandatory requirement for your chip stack to increase in order to profit in this game. Hence you could come second with only 1 chip. Therefore when a player is knocked out, although u havent gained chips, u have gained monetary equity.

[Dubai]

7/33*100*8/7= 24.24%

Ur expected ROI increases from 21.21% to 24.24%. Therefore ur seat is worth $41

[AndrewT]

Using ICM I get $40.69.

[bobby1]

Hand analysis board type post this, but not about any specific hand so I put it here.


You play an STT, you've payed your money and sat down. It cost you $33 to enter, but you win an average of $40 for each one you play.

Your seat is worth $40 to you as the first hand is dealt. Or $40 is your expected return from this tournament.

On that hand, you fold, but one player knocks another out.

There are now eight players instead of nine, the top 3 pay.

As the second hand is dealt, what is your seat worth to you?

I havent got a clue, but I bet you have worked it out before asking.....and being a scot, you will have worked it out to the penny.

[bobby1]

7/33*100*8/7= 24.24%

Ur expected ROI increases from 21.21% to 24.24%. Therefore ur seat is worth $41

Dubai, are you Scottish??

[thetank]

I haven't worked it out already, never used ICM

[Dubai]

I see Rob Sherwood is reading this thread. He loves these questions

[Wardonkey]

I'll give you $5 for it.

[AndrewT]

I haven't worked it out already, never used ICM

Using standard 50/30/20% payout and 1500 starting chips I worked out how many starting chips a player with a return of $30 would need to have to get a return of $40 (2160 chips). I then knocked one player out and gave another 3000 and got the answer $40.69.

[TightEnd]

In addition to a straight ICM do you not have to do apply a discount factor for the fact that someone has doubled up therefore your chances of winning the 50% for first are ever so slightly less than they were pre-hand one? In effect therefore you have to re-weight the three payout spots

This will have the effect of slightly reducing your expected return

   time for a maths 

[thetank]

Not quite sure what you are getting at Tighty, but I think your chances of winning 1st place would slighlty increase too. Are you implying the opposite?