This chop question doesn't involve me since I was knocked out of the tournament in 74th (of 733).
This morning I was reading the casino's poker blog to see who won the tournament. Turns out the players agreed on a three-way chop, and based on the fact that it was level 30, it was likely sometime around 2am after playing since noon.
What I found odd is the deal they agreed to. The blog said the chip leader had a little over 13M chips, so let's call it 13.2M. There were 20.9M chips in play, so between the second and third place guys they had 7.7M. I don't know the specific breakdown as it wasn't given, but let's assume 4.0M and 3.7M just to have numbers to play with. FWIW, blinds at this point were 75k/150k.
Player 1 - 13.2 million
Player 2 - 4.0 million
Player 3 - 3.7 million
The payouts for 1st/2nd/3rd were as follows:
1st - $37,559
2nd - $23,749
3rd - $15,451
The payouts the players agreed (via chop) were as follows:
1st - $36,559 (-$1000)
2nd - $20,600 (-$3149)
3rd - $19,600 (+$4149)
My initial reaction to this arrangement is that the guy in first place got a great deal, giving up only $1000 (<3%) of first place. Granted he had a solid lead over both other players, but if either of the two other double the other one up, then you're in a situation where the chip leader has less than a 2:1 chip lead and victory would be far from certain.
So am I wrong in thinking that this chop was very favorable to the chip lead?
This morning I was reading the casino's poker blog to see who won the tournament. Turns out the players agreed on a three-way chop, and based on the fact that it was level 30, it was likely sometime around 2am after playing since noon.
What I found odd is the deal they agreed to. The blog said the chip leader had a little over 13M chips, so let's call it 13.2M. There were 20.9M chips in play, so between the second and third place guys they had 7.7M. I don't know the specific breakdown as it wasn't given, but let's assume 4.0M and 3.7M just to have numbers to play with. FWIW, blinds at this point were 75k/150k.
Player 1 - 13.2 million
Player 2 - 4.0 million
Player 3 - 3.7 million
The payouts for 1st/2nd/3rd were as follows:
1st - $37,559
2nd - $23,749
3rd - $15,451
The payouts the players agreed (via chop) were as follows:
1st - $36,559 (-$1000)
2nd - $20,600 (-$3149)
3rd - $19,600 (+$4149)
My initial reaction to this arrangement is that the guy in first place got a great deal, giving up only $1000 (<3%) of first place. Granted he had a solid lead over both other players, but if either of the two other double the other one up, then you're in a situation where the chip leader has less than a 2:1 chip lead and victory would be far from certain.
So am I wrong in thinking that this chop was very favorable to the chip lead?
