how is the 'basis' figure decided?
Sorry for slow replies but I have a life outside of staking - today it involved a lot of par, par, par after 18 months without swinging a club. Totes crushed Chompy's & Galloway's spirits so much they begged to buy out our bets on the 15th.
Basis could be summed up as my expert view of general +EV in any comp. This is formed from track record, personal experience and a fine eye for good poker players. Only a coupla weeks ago I expressed surprise that Tommy Langley finished so low in the £500 (9th IIRC), the next week he won the £770.
I formed this opinion from a few hours watching him in the £150. He busted, I obv cashed and should've won. But the point is, in that coupla hours not difficult to see he was an outstanding player. Most people would just think splashy young kid, but that's what sets experts like me apart - would probs gain 1.24 basis right now.
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