Chopping the Pot

steveiam

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Is there a calculation you can use to determine what the split should be if there was say 3 people to split ?
 
Henry Minute

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Is there a calculation you can use to determine what the split should be if there was say 3 people to split ?
Maybe I am misunderstanding your question but surely the amount in the pot is divided by the number of players with the winning hand, in most cases to the nearest whole monetary unit. If there is a small amount remaining ($1 or $2 for three players) that will be in the site rules but from my observation it goes to the biggest stack.
 
Bowman26

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Yeah divide the pot by 3 instead of 2. If 4 are in divide by 4 etc. From what I recall any odd amounts are given to the player closest to the button or the last to act or some such way but it isn't ever an amount to sweat about.

You almost seem to be referencing something other than chopping a pot like chopping the winning of a tourney at a final table. Perhaps that is what you meant. If so you can add up all the prize money remaining to be won and then agree to pay out each player based on the size of their stack. For example if 3 people remain and 1 has 50% of the chips he would likely request 50% of the total prize pool and the other two can split the remainder based on how many chips they have in hand say 15% and 35%. I've seen it done where the bigger stacks kicked a little more % to the small stack than they held in chips for chopping just to make it quick.

It can work out well for the small stack when you consider that you might get 20% of the top 3 places cash combined.

Personally I never chop.
 
steveiam

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Sorry guys i read my question again and it wasn't quite what i meant...I think Bowman has come up with the answer i was looking for though
 
R

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If you mean chopping the prizepool, there are icm calculators out there where you enter in the chips and prizepool and it spits you information. If there high variance, then its sometimes evenly chopped when no one is a clear favorite to win.
 
dmorris68

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As noted, if you're referring to a tournament chop, there are multiple ways to do it. The easy way is the "chip chop" method Bowman describes where each player gets paid in direct proportion to their chip stacks. This however is not actually a fairly equitable arrangement for the lesser stacks, because due to ICM the more chips you have, the less valuable each chip is.

An ICM chop takes this into account and distributes the prize pool much more equitably, but is also a more complex calculation.
 
Jacki Burkhart

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a lot of players do a chip chop, but I never will unless I am a big stack.

In addition to the ICM that another poster mentioned it is also unfair to the short stacks because it gives the big stacks an equal proportion of the smallest prizes too, which they are highly unlikley to receive.
 
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