Perhaps this concept is easier to digest if we 'zoom out' a little bit and focus more on how appealing it is to move up multiple spots in the payout structure and the idea of risk vs reward.
Let's say we're playing a tournament w/ three people left. We have two potential payout structures, 50-30-20 (top heavy) and 40-30-20 (flat). If we bust now, we are guaranteed 20% of the prize pool regardless of the payout structure we use.
If we move up one spot in either structure we 'acquire' 10% more of the prize pool than we are currently entitled to (10%).
If we secure this pay jump (2nd place) and then move up (win the tournament) we acquire another 20% (50-30) of the prize pool in the more top-heavy structure and 10% (40-30) more of the prize pool in the flat structure.
Put simply, the top-heavy payout structure is going to allow us to take on risk (see, the threshold for making a +$EV play is lower) because the 'penalty' for busting third isn't as severe when accumulating chips makes it more likely we secure this 20% difference between 1st and 2nd (we get 1st place more often).
However, in the flat payout structure, since we acquire the same (or ~the same) % of the prize pool moving from [current position] to [current position + 1] as we do when we move from [current position + 1] to [current position + 2] the importance of securing the immediate ladder increases in priority since there is less reward (more risk, higher threshold to make a +$EV play) in this structure in moving up two places and securing 1st place.
100% of the time in both cases, even with the price it's not going to be close to +$EV versus what I perceive to be their 4b jamming range pre or 2b jamming range on the flop after peeling the 3b in this spot
Aces up I think refers to two pairs with an ace. Thanks for the insightful videos Ryan Martin ! Looking forward to more. I also enjoyed the coaching sessions with Jordan. Would love to see some more of those for MTTs.
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if you cant spot the fish at the table..
Could you make an intuitive explanation why the flat structure incentivise to ladder?
I can try!
Perhaps this concept is easier to digest if we 'zoom out' a little bit and focus more on how appealing it is to move up multiple spots in the payout structure and the idea of risk vs reward.
Let's say we're playing a tournament w/ three people left. We have two potential payout structures, 50-30-20 (top heavy) and 40-30-20 (flat). If we bust now, we are guaranteed 20% of the prize pool regardless of the payout structure we use.
If we move up one spot in either structure we 'acquire' 10% more of the prize pool than we are currently entitled to (10%).
If we secure this pay jump (2nd place) and then move up (win the tournament) we acquire another 20% (50-30) of the prize pool in the more top-heavy structure and 10% (40-30) more of the prize pool in the flat structure.
Put simply, the top-heavy payout structure is going to allow us to take on risk (see, the threshold for making a +$EV play is lower) because the 'penalty' for busting third isn't as severe when accumulating chips makes it more likely we secure this 20% difference between 1st and 2nd (we get 1st place more often).
However, in the flat payout structure, since we acquire the same (or ~the same) % of the prize pool moving from [current position] to [current position + 1] as we do when we move from [current position + 1] to [current position + 2] the importance of securing the immediate ladder increases in priority since there is less reward (more risk, higher threshold to make a +$EV play) in this structure in moving up two places and securing 1st place.
Hope this helps!
JTo do you fold if he jams : 1 pf, 2 on the flop?
100% of the time in both cases, even with the price it's not going to be close to +$EV versus what I perceive to be their 4b jamming range pre or 2b jamming range on the flop after peeling the 3b in this spot
Aces up I think refers to two pairs with an ace. Thanks for the insightful videos Ryan Martin ! Looking forward to more. I also enjoyed the coaching sessions with Jordan. Would love to see some more of those for MTTs.
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