Thanks for the reply, I'll look into this icm calculator suggestionAs with most things in poker, the answer is "it depends" haha.
In all seriousness though deal-making has no right and wrong answers because it's entirely dependent on YOU:
Your goals
The utility of the money to you
Whether you care about final table experience
For me personally, as someone who takes tournament poker very seriously, the last point will usually outweigh the second, because my goals are to become as good as I can at MTT poker, and that means mastering a variety of final table spots, many of which will really only become easier with experience.
Most people will opt for chops even when the money is relatively small and never end up preparing for the times when they maybe satellite into and make a deep run in a big event, where maybe a strong player is shooting down every deal. Or playing a WSOP event live where they don't allow deals.
To me the experience has always been the most valuable, but there have also been spots in my career where making a deal would have been really big for me. Like 10's of thousands in real dollars, which could have moved the needle quite a bit for me at the time, and because of ego and other reasons I declined deals, etc.
If you ever ARE going to start looking at a deal though, I use an ICM calculator as my starting point, and then go from there.
Here's the parameters where chops are a good thing:
The reason for the 2nd one is that now everyone is in "shove or fold" mode... often to be decided with flips. So ask yourself, is the difference between 1st place money and Nth place money worth putting on a coin flip?
- Stacks are nearly the same (e.g. within 1 typical pot size of each other)
- Average stacks are below ~18bb
An example prize pool might be:
If those 5 remain, the outcome of a flip might put you in first or bust you out for $300. If all the stacks were equal, each place would get $724—or midway between 2nd and 3rd. So what are the odds in the situation of you finishing 1st or 2nd place and doing better than that?
- $1400
- $900
- $600
- $420
- $300
Now a "chip chop" (or ICM chop) actually pays people proportionally by the amount of chips they have left so that washes out the need for "we are almost even". It's more beneficial if there is an obvious chip leader or an obvious person who is about to bust.
Either way, it cuts time off. And we all know how long the final table stuff can go.
That said, I've done quite a few of them. Even just in the past few months. At Aria, we did a 3 way where we were pretty much even but we did a chip chop anyway. The payouts were:
So you see there was less than $500 difference there. We were pretty close in stacks.
- $2,808
- $2,632
- $2,334
I did one at my Horseshoe in May where we chopped it evenly but I took "1st" for reporting purposes because I had a few more chips than she did. We were tired and hungry. Worth it.
These comments were very helpful. Thanks!As with most things in poker, the answer is "it depends" haha.
In all seriousness though deal-making has no right and wrong answers because it's entirely dependent on YOU:
Your goals
The utility of the money to you
Whether you care about final table experience
For me personally, as someone who takes tournament poker very seriously, the last point will usually outweigh the second, because my goals are to become as good as I can at MTT poker, and that means mastering a variety of final table spots, many of which will really only become easier with experience.
Most people will opt for chops even when the money is relatively small and never end up preparing for the times when they maybe satellite into and make a deep run in a big event, where maybe a strong player is shooting down every deal. Or playing a WSOP event live where they don't allow deals.
To me the experience has always been the most valuable, but there have also been spots in my career where making a deal would have been really big for me. Like 10's of thousands in real dollars, which could have moved the needle quite a bit for me at the time, and because of ego and other reasons I declined deals, etc.
If you ever ARE going to start looking at a deal though, I use an ICM calculator as my starting point, and then go from there.
But a deal is always better than to regret it later because of the risk.Hello good deal depends on the player's number of blinds and the number of people remaining
Personally, I always make an agreement with 3 players, I don't see a problem, but I'm never the first to call, only if the opponents call for an agreement, but I have no difficulty in making an agreement, no problem for me.Hi everyone. I've had some great success as of late in mtts. Tonight was my first time doing a final table deal making... I felt so lost.. does anyone have experience and tips for how to do the right deal or maybe should you just opt out of final table deal making? Can't wait to hear your replies.. thanks