Thursday, June 23, 2022

More funny funny money

The first time I used this blog post title was on March 19, 2015. Here's an excerpt of what I had to say:

Since I play poker for play money, that accounts for the second funny in the title of this post. What accounts for the first? The fact that due to some quirk in the algorithm PokerStars uses to determine tournament payouts, sometimes you can "make the money" in a multi-table tournament and still end up losing money.

I wrote that before I ever played a bounty tournament. As it turns out, funny funny money finishes are more likely in bounty tournaments than non-bounty ones since you generally have to win at least one bounty, in addition to making the money, in order to realize a profit.

This is an excerpt from my August 22, 2019 post. Last night, although I made the money in an MTT-B, I had zero bounties, resulting in a net loss.

style flavor  buy_in    entry players entries paid place  winnings

MTT-B NLHE   4400000   600000       8     286   41    33   4220000

delta: $-780,000
MTT NLHE balance: $33,619,468
2022 balance: $-4,355,000
blue distance: $6,456,990
balance: $90,488,953

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