chopping

I just finished 1st in a 69-player 7-card stud speed tournament (speed means 5-minute intervals). It cost $3 to enter. When there were two of us left, the other player proposed a chop according to chip count, which meant I'd get $43 and change instead of $46 and smaller change. I had invested only about an hour in playing and it looked like at least another 20 minutes for me to eliminate the other guy, so sacrificing the $2 and change to save some time seemed cost-effective. But I'd like to know what other players think.

Also, what do you think about chopping in general? Do you chop, how often do you do it, and how much haggling do you do before you come to an agreement?

It all depends. What were the anti's and bets at? What were the stacks when chop was offered? What did 2nd place pay? Also I'm assuming your opponent was at least competent at stud. Were you dominating him?

Once each of you get below 10 big bets or so you are basically playing flip poker. Its worth chopping. I would go ICM not chip count.

Look at the end of this thread where I suggested a chop (stud/8 btw): http://www.cardschat.com/f42/rail-re...s-stud-193398/ (http://www.cardschat.com/f42/rail-request-final-2-tables-stud-193398/)

It basically just reduces variance, but i think it is worth it.

Ug...I forget what the antes and bets were at. My chip stack was about twice as big as my opponents, but we were both under 15 big bets, with the ante/bet levels increasing every five minutes. And the other guy was VERY good. Better than me, I'd say, just a victim of card randomness in this particular tournament.

I read the thread where you suggested a chop and it sounds like a good one.

With our chip stacks where they were, the chop according to chip stack was only slightly detrimental to me. If we had been at basically equal stacks with me 2nd then the chop would have been more favorable.

So was it $46 for first? and you took $43? That seems fair, but if it was $46 for 2nd and you took $43, then lol

No, it was $46 for 1st and I took $43. My mama didn't raise no boys who are THAT stupid.

yeah that sounds like a good chop.

I chop way more than I would like - biggest chop I had was 6 players!!!!
5 ITM slots and it pretty much amounted to everyone getting a little more than 3rd place money (about $240) - only one dominate stack and everyone else was less than M5 and in shove territory. He got more.

One 3 way chop (only two ITM) got us each $330.

One 2 way got us $442 each - that was hard cause I was ahead 2 to 1 and had to get to a parent teacher conference or my ass was had.

I did propose a 60-40 chop for the other guy once - was playing Omaha HL for first time and knew I was in way over my head. LOL

I chop everytime i can. There is a big difference in the payout between the first and the second place, and sometimes the blind levels are so big that the prize is determined by a bingo situation. For me, if the 1st and 2nd prize are $2.000 and $1.000, if i can chop $1.500, the benefit of getting $500 more is lower than the frustration of losing $500 if i don´t chop and lose the heads up.

Of course if you are ahead on chips you have to chop according to your stack. Its not always a 50-50 chop.