Adjusting to relative chip values

While responding to another post, I got to thinking about tournament chips and relative values. I've never really felt comfortable adjusting pot odds, implied odds, and calculating the changing value of the chips in play.

Does anyone have a few guidelines on how to calculate that?

Thanks,

Bill

Pot odds I have a rough idea on. You pretty much count how many odds you have then times it by two and add one

4 outs (4*2+1) = 9% chance of hitting it

I'm not sure on how others apply pot size to it though.. Still learning

I think I know what you're trying to get at, let me see if I have it.

Alright, you buy in a tourney for 1000.00 and get 1000.00 in tournament chips, each chip is worth a dollar. At the end of the tournament, you end up with all 100 entrants chips in front of you for a total of $100,000 in chips. But, these are tournament chips, not ones you take to the cage. Assume first place payout was $40,000, then each of your 1.00 chips are only worth $4.00.
You begin with 1000 chips worth $1000. At the end, each 1000 is only worth $400.
The more chips you amass, the value of each check decreases. Adjusting to this fluctuation is a very tricky and should only be minimally considered when contemplating a risk during a tournament.

I'm not sure that adjusting pot and implied odds to this equation would be beneficial as long as you're not in a position where losing the tournament is going to bust you out. It seems like something to keep in the back of your head and just use simple percentages to estimate the pot and implied odds, reducing them for the amount that the chips have fallen in value. I hope I understood the question after all that, lol.

Also, they depreciate due to the fact that you can't reload. If your in a tourney wit 1 chip, and it's the bubble...ask yourself how valuable that chip is.

Thanks for the replies, and yes that is exactly what I'm asking. Is there a shotgun method of calculating the depreciation of the chips in your stack?
I find myself with an above average holding and a short stack pushing.
I can handle the beat if I lose, but Ill have some ground to make up. I sit there and go into the tank to calculate, but well its a lot of math to do on the spot. After calculating pot odds, everyone at the table stacks, and where ill be if i lose or win, any implied odds, folks still in the hand to act behind me, then are those chips even worth making a play at.
I need a shortcut.
Thanks Diabloblanco

BIll

Best I can tell, is that the depreciation itself happens at a slow pace, as you amass chips. As this slow whittling of value happens you can either chose to try and continuously keep up with this depreciation (a al Lederer and Ferguson, for them this is no problem), but for us 99 percenters (the rest of the non-genious world) easier said than done. By the time you are that late and have a chipstack that can handle a couple of hits, you sound in good position and deep in the field. Why not just shoot the moon on them and figure the value at first or second (if you wish) position. Second if you want to be more acurate to your current position, first if you think ya got the chops. I think you should assume a first and figure them accordingly from about the halfway point on in. One, you won't have to adjust constantly, and two, you will be used to making the particular monetary calculation for each chip, so it will be second nature by the time you hit the final table.

*edit*
Also, the one chip on the bubble example is more a mental thing than a numbers one if I understand you correctly. Being on the bubble with one chip is more a culmination of little mistakes throughout the tournament. I know a single chip was an exaggerated example, but even short-stacked on the bubble simply puts you in a must double-up situation, so relative value should in effect be out the window and you should be in survival mode until you're in the brass. These are just my opinions, what say ye, Bill?