S
Syfted
Rock Star
Silver Level
When talking about payout structures in large field MTTs, I seem to be encountering some confusing. There are two elements to a payout structure:
-The percentage of the field which makes the money
-The exponential increases once the money is reached
Oftentimes someone will discuss a "top heavy" payout strucutre, but are never really clear what they are talking about. Do they mean a tournament where only 2% of the field gets paid? Do they mean a SNG that pays 80/10/5/3/2? It's never really quite clear.
The difference is important because the strategies differ. Let's take an FTP tournament; say the 1000FTP Satty to the $750k. Let's say 43 people enter and the prize pool is one entry, or 43000FTPs (no overlay, no rake). Am I correct in believing that cEV = $EV here? The reverse, I assume, would be true in a satellite that paid a larger field percentage- your "Bubble Factor" is a LOT higher, which is why these tournaments are very often misplayed (but are still profitable despite the fact that you will be paying more per hour in rake.)
Assuming an adequate bankroll for it (or an infinite bankroll... but why would we be playing poker then?), does a player with a large edge on the field prefer a structure that only pays one player? What if there is no rake?
-The percentage of the field which makes the money
-The exponential increases once the money is reached
Oftentimes someone will discuss a "top heavy" payout strucutre, but are never really clear what they are talking about. Do they mean a tournament where only 2% of the field gets paid? Do they mean a SNG that pays 80/10/5/3/2? It's never really quite clear.
The difference is important because the strategies differ. Let's take an FTP tournament; say the 1000FTP Satty to the $750k. Let's say 43 people enter and the prize pool is one entry, or 43000FTPs (no overlay, no rake). Am I correct in believing that cEV = $EV here? The reverse, I assume, would be true in a satellite that paid a larger field percentage- your "Bubble Factor" is a LOT higher, which is why these tournaments are very often misplayed (but are still profitable despite the fact that you will be paying more per hour in rake.)
Assuming an adequate bankroll for it (or an infinite bankroll... but why would we be playing poker then?), does a player with a large edge on the field prefer a structure that only pays one player? What if there is no rake?