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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