Tuesday, July 23, 2019

The most painful way to exit a tournament

There are several painful ways to exit a tournament, but only one most painful way. Interestingly, but not surprisingly, the most painful way is when both of the less painful ways happen at the same time. Let me enumerate:

1. The first painful way to exit a tournament is on the bubble. That means you finish one place out of the money.
2. The second painful way to exit a tournament is when you were a massive favorite after the turn.
3. The most painful way to exit a tournament is on the bubble, when you were a massive favorite after the turn.

Last night, on the bubble, I was dealt pocket queens. I got all my money in the middle, and had 41 outs after the turn. However, my opponent hit a 3 outer on the river, and pain ensued :-)

style flavor buy_in entry players hands entries paid place winnings

MTT-R NLHE    43500  6500       9    76      45    9    10        0

delta: $-100,000
MTT with rebuys NLHE balance: $48,723,000
2019 balance: $15,346,150
balance: $61,930,410

1 comment:

  1. Hey Neo,
    Ever heard of ICM? It stands for Independent Chip Model and is based off of converting tournament chips into money to determine how to maximize profits. You probably already do this. Near the bubble you tighten up so that you can survive longer. You're following ICM if you do that. Anyways, sucks to lose like that but nobody wants to read a rather vanilla bad beat story. How about give us the whole hand next time?
    Al

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