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General Poker
Poker Tournaments in Vegas - Splitting Up the Prize Money
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[QUOTE="Goggles Pizano, post: 4856315, member: 329261"] I would guess that 50-60% of my tournament cashes have been chops. In general, I find the following psychology prevalent: The point at which the tourney is chopped has less to do with people remaining then it has to do with stack size. In a typical tourney with 50 people, the fact that you’ve made it to the money means you’ve outlasted roughly 45/50 players. It also means that the pay-outs will go from roughly $170- $900 in a $70-$80 mid buy-in tournament. Let’s suppose chopping gives everyone close to $500. This will be more than 5/4 place and close to 3rd. This means that to substantially beat the chop you need to finish 1st or 2nd. Everyone knows how poker can turn on a dime and most people would rather take 100% guaranteed $500 then a 40% chance of say $700-$900. Thus the chop. Now, there are three scenarios blocking the chop: A) A short stack(s) with few BB. Nobody chops until that persons gone. I’ve been in that situation and been knocked out and the remaining players have chopped even before I’ve had my jacket on. Lol B) A monster stack. I don’t mean just a big stack but one which has 50% or more of all the chips. I find most people won’t even suggest a chop unless they include special considerations like “we chop and each give you $50.” Even then, why would the monster stack chop? Eventually either he/she becomes so big, everyone just shops the remainder of the places or the monster stack takes a hits and guess what....... chop. Lol C) A single player refuses to chop. People seem to think this is super common but in my experience it’s actually rare. At most, sometimes a bigger stack will suggest playing for an additional few outs or another x amount of time. Good luck in Vegas. I suggest trying to increase your buy-in roll to the better blind structures and payouts at the daily Wynn, Venetian, Bellagio and Aria tournaments. Moving from a $60/$80 range to a $125/$150 really improves the experience. (Higher end settings/drinks/payouts etc) [/QUOTE]
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