by Beavis68 » Sun Oct 01, 2006 1:12 pm
There is definitely a right answer, and if you view gambling as making moves that maximize your expection, there is also a wrong answer. I believe my answer is right, but it could be wrong.
Lets take the example of a 500 person tournament and say the starting stack is 1500.
In order to win you need to get 750,000 in chips.
in order to get all the chips you need to double up is 1500*2^x750,000 which is 500=2^x
X = log2(500) = 8.9658
The average player is going to win about 1 in 500 tournaments.
If you think you are say 70% to double you should be winning 20 out of 500, sorry, i dont buy that.
A 55% chance to double up before you bust makes you two x more likely than average to win.
Maybe you could increase your odds of your FIRST double up by passing up chances early, but you are doing that at the detriment of your later double ups.
Each double is just as important as the last.
From an ROI perspective, someone with a average chance has a 0% ROI expectation is someone has 2x the chance, they would have a 100% ROI, Most pro's say they have expectation of 200%-300% I have read. That would put them at around 57% or so to double up their stack before they bust.