Last night, for the second time in my MTT 8-game career, I made the money but still ended up losing money. In data compression, a "lossy" algorithm is one which loses some information from the original, so that when the compressed file is expanded again, it's not exactly the same. Typically, lossy algorithms are used on images or video, since the lost information is often not detectable by the human eye. Applying this concept to poker tournaments, a "lossy" win is when you make the money but your winnings don't cover the sum of your buy in and your entry fee :-) Unlike lossy compression, however, that difference is indeed visible to the naked eye.
buy_in entry_fee num_players num_hands place winnings
4500 500 6 114 13 4790
delta: $-210
MTT 8-game balance: $117,290
balance: $9,612,320
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