01-29-2011

60 % left

01-29-2011

I just busted 5th for 2.2K so ill up my slice to 30% Still need another 40% though

01-29-2011

just a PSA, entering more than once in the same tournament is very -EV due to the fact that your stacks are combined when your accounts would be forced to play on the same table. You should take advantage of it by entering all the tournies once instead of 6 times...

01-29-2011

This arguement is obviously going to come under some considerable scrutiny shortly but I agree with you that the outlay of 4x the buyin with only one shot of taking a serious cash (read final table) creates an inital major -EV, on the other hand it does help to iron out the variance (ridiculous in the case of mtt's) quite considerably in the long run. Im not looking to min cash (1.5x my money) or even brake even. I'm looking to win as its the most profitable long term outcome and getting an additional 3 or 5 more shots at that can only be a good thing (provided the variance doesn't bust you)

When you look at how frequetly top Mtters cash in tournamenst its about 1 in 7 at a maximum. then you look at that that 1 in 7; how many time do they make the final (where the actual big profits are)? Personally I feel like 1 in 3 is a good rate dependant on runners in each mtt) so if you've got 2 or 3 stacks heading for a deep run then it gives you a far greater edge: there is less variance on the flips and you're more willing to make those +EV moves and take the flips when you're a marginal favorite; you enable yourself to take more risks to get a dominating chip lead which increases your EV massively when you can open so many more pots.

As I said Im not looking to brake even, Im looking for big results and I think that being able to run 4-6 entries in the same competion increases my edge massively. I've practially made a final table every session with reentries and Im certainly not running above EV. Im just able to play A LOT more volume and cutting the variance out a bit. I'll send anyone my database to to contest this. (provided they tell me my leaks :P )
Sorry this has turned into a long rant ill happy skype anyone about it and im very keen to see what people think about re entries in the forums...

01-29-2011

TwoShae you are way wrong here.

01-29-2011

What Isura said

01-29-2011

and i think the markup is a tad high

01-30-2011

i think any mark up from someone who ''can't afford to take all their action'' is a tad high..lol

01-30-2011

Isura-
Do you agree the 2nd entry is lower EV than the first, 3rd lower than 2nd etc...?

01-30-2011

you do also realize that playing 4-6 times per tourney means you will be like 20 tabling and therefore playing terribly bc no one that plays that many tables is even playing remotely well.

01-30-2011

THe dropoff if small. It's extremely rare that multiple entries will go deep in a large field. The fields will be tougher, which makes the EV of these less. But that' irrelevant to the discussion

01-30-2011

@ IJ I asked around before deciding on a mark up and n 80/20 seemed pretty standard for mtt staking and people have agreed to back me on that figure. If I am struggling to sell action then I'll lower it to a point where all parties are happy. On a side note I dont know how feasable it is to drop to far down from 20% for putting in 16+hour sessions with 5min breaks

@scout why? I cant afford to take a 4.5K drop in one night if I lose. these tournaments are great value and I dont know how often reentries will run on this scale and im definately +EV in them.

@shae I agree 20 is too many tables even when im folding most hands for the first 2 hours in each comp.

As I didnt sell enough but im playing the 84K gtd 4x (240K in the prizepool and 46.8K for first of $26!) the DD 6x the 750K 6x and the 50/50 4x and taken 90% of myself.

01-31-2011

look,if this were a pure staking agreement you'd be getting 40(you)/60 at best, selling action at mark up is a total joke and you know it!

if you were so +ev you wouldn't sell a cent aniec.

01-31-2011

lol scout...r u the real scout? if so...legend!

01-31-2011

and selling at a markup is common and good practice of bankroll managment, so flaming him for being +Ev and selling is pure retarded

01-31-2011

read that last statement back...You're talking nonsense! How is selling action at a mark up equilivant to 80/20 a joke when im beating the low-mid stakes at a good rate over a decent sample size. Of course I'd prefere not to sell a cent and keep all of my profits but it would be a total joke to outlay $10K on mtts in a month seeing as I barely have $10K roll.

01-31-2011

well thats just my opinion,i'd like to see the math on kingfishers or anyone's ev in these tournies with standard deviation factored in before you make a believer out of me.

i'm not trying to burn you personally here kingfisher i just think mark up in general is a joke,not yours personally.