spaceboy_psy
Rising Star
Bronze Level
Hello everyone and thanks for having me :wavey:
I'm in the very early stages of my poker undertaking, and I seek some discussion on the issue of what I will call 'tournament EV'. The reason I feel I have to give it a name is that I can't really find the idea discussed much online, which I is why I wanted to post here and see if it is actually a useful tool at all in choosing tournaments based on an overall EV figure. What I'm NOT talking about is the widely discussed issue of $EV in STTs.
I was inspired by this thread: https://www.cardschat.com/forum/general-poker-13/freeroll-tournaments-value-best-freerolls-179590/
So I started calculating the EV of some STTs under the assumption that the EV of a tournament would give at least a rough guide to the value of the STT, though obviously not allowing for lots and lots of factors.
My calculations say that the EV of a tournament follows this formula:
(Prizepool - (unpaid places * buy-in)) / players
Sound good?
Here's some examples:
PartyPoker SnG EV:
10 player
$1 Turbo: (8 - 7) / 10 = 0.1
$3 Speed: (24 - (7*3)) / 10 = 0.3
$3 Turbo: (24 - (7*3)) / 10 = 0.3
6 player
$1 Turbo: (4.80 - 4) / 6 = 0.1333
$3 Stand: (14.40 - (4*3)) / 6 = 0.4
$3 Turbo: (14.40 - (4*3)) / 6 = 0.4
PokerStars SnG EV:
10 player Fifty50 buy in $1.50/3.50
$1.50 Reg: (13.50 - (5*1.5)) / 10 = 0.6
$1.50 Tur: (13.90 - (5*1.5)) / 10 = 0.64
$3.50 Reg: (32.60 - (5*3.5)) / 10 = 1.51
$3.50 Tur: (33.00 - (5*3.5)) / 10 = 1.55
9 player buy in $1.50/3.50
$1.50 Reg: (11.61 - (6*1.5)) / 9 = 0.29
$1.50 Tur: (11.88 - (6*1.5)) / 9 = 0.32
$3.50 Reg: (27.99 - (6*3.5)) / 9 = 0.7766
$3.50 Tur: (28.44 - (6*3.5)) / 9 = 0.8266
6 player buy in $1.50/3.50
$1.50 Reg: (7.74 - (4*1.5)) / 6 = 0.29
$1.50 Tur: (7.92 - (4*1.5)) / 6 = 0.32
$3.50 Reg: (18.78 - (4*3.5)) / 6 = 0.63
$3.50 Tur: (19.14 - (4*3.5)) / 6 = 0.8566
So by these numbers, it looks as if the $3.50 Turbo Fifty50 is the best value, and way better value than most of the other micro STTs I looked at, with an EV of 1.55. So if one were, as I am, a beginner looking around at different game types before deciding which to specialise in, it would seem that the Fifty50s would be a good STT to focus on.
Interestingly, the 6 player STTs on partypoker seem better value than the 10 player games.
So what do you guys think? How useful/reliable are these figures? Am I way out or on to something? Obviously they will always need to be viewed alongside many other factors, so which presently-ignored factors are the most important here? The first one that jumps to my mind is that although the EV goes up as the buy in goes up, perhaps the easy level of play at the lower buy in would make up for this? I need some guidance.
Look forward to discussing this (I'll buy the virtual beers) :beer:
I'm in the very early stages of my poker undertaking, and I seek some discussion on the issue of what I will call 'tournament EV'. The reason I feel I have to give it a name is that I can't really find the idea discussed much online, which I is why I wanted to post here and see if it is actually a useful tool at all in choosing tournaments based on an overall EV figure. What I'm NOT talking about is the widely discussed issue of $EV in STTs.
I was inspired by this thread: https://www.cardschat.com/forum/general-poker-13/freeroll-tournaments-value-best-freerolls-179590/
So I started calculating the EV of some STTs under the assumption that the EV of a tournament would give at least a rough guide to the value of the STT, though obviously not allowing for lots and lots of factors.
My calculations say that the EV of a tournament follows this formula:
(Prizepool - (unpaid places * buy-in)) / players
Sound good?
Here's some examples:
PartyPoker SnG EV:
10 player
$1 Turbo: (8 - 7) / 10 = 0.1
$3 Speed: (24 - (7*3)) / 10 = 0.3
$3 Turbo: (24 - (7*3)) / 10 = 0.3
6 player
$1 Turbo: (4.80 - 4) / 6 = 0.1333
$3 Stand: (14.40 - (4*3)) / 6 = 0.4
$3 Turbo: (14.40 - (4*3)) / 6 = 0.4
PokerStars SnG EV:
10 player Fifty50 buy in $1.50/3.50
$1.50 Reg: (13.50 - (5*1.5)) / 10 = 0.6
$1.50 Tur: (13.90 - (5*1.5)) / 10 = 0.64
$3.50 Reg: (32.60 - (5*3.5)) / 10 = 1.51
$3.50 Tur: (33.00 - (5*3.5)) / 10 = 1.55
9 player buy in $1.50/3.50
$1.50 Reg: (11.61 - (6*1.5)) / 9 = 0.29
$1.50 Tur: (11.88 - (6*1.5)) / 9 = 0.32
$3.50 Reg: (27.99 - (6*3.5)) / 9 = 0.7766
$3.50 Tur: (28.44 - (6*3.5)) / 9 = 0.8266
6 player buy in $1.50/3.50
$1.50 Reg: (7.74 - (4*1.5)) / 6 = 0.29
$1.50 Tur: (7.92 - (4*1.5)) / 6 = 0.32
$3.50 Reg: (18.78 - (4*3.5)) / 6 = 0.63
$3.50 Tur: (19.14 - (4*3.5)) / 6 = 0.8566
So by these numbers, it looks as if the $3.50 Turbo Fifty50 is the best value, and way better value than most of the other micro STTs I looked at, with an EV of 1.55. So if one were, as I am, a beginner looking around at different game types before deciding which to specialise in, it would seem that the Fifty50s would be a good STT to focus on.
Interestingly, the 6 player STTs on partypoker seem better value than the 10 player games.
So what do you guys think? How useful/reliable are these figures? Am I way out or on to something? Obviously they will always need to be viewed alongside many other factors, so which presently-ignored factors are the most important here? The first one that jumps to my mind is that although the EV goes up as the buy in goes up, perhaps the easy level of play at the lower buy in would make up for this? I need some guidance.
Look forward to discussing this (I'll buy the virtual beers) :beer:
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