copernicus
Monday, September 12th, 2005, 10:11 AM
QUOTE (Swift_Psycho)
QUOTE (copernicus)
Forget the logic, look at the math.
I
am, that's why I can't understand your argument. If you are getting nearly 4-1 to call, how can you consider folding? I'm not terribly familiar with your tournament odds math (I understand it, just not great at incorporating it into my game), but I can't imagine that whatever argument it creates is strong enough to make this even close. You are saying that you are considering giving this $1620 pot away because you don't want to call another $420, with the chance to knock this guy out and the likelihood that you aren't even close to being a 4-1 underdog.
Yes, the math says it is a toss up here. The 60-70% probability of losing those extra 420 chips changes the tournament results enough to overcome the overlay in TC odds you are getting here.
To look at it another way, how much is that overlay really worth in tournament chips?
If you fold you are -600.
If you call and say you are actually a 2/1 dog (kind of middle of the range and makes the math easy) then your EV is 2/3*-1020 + 1/3*+1020 = -1020/3 = -340, so you are losing 240 fewer chips by calling...less than the difference between next hand's big and small blinds.
To put it yet another way that avoids the harder (but not all of the) math but should show you how close a call this really is:
if you fold and "give away" the big blind, you have increased his stack to 1620, and he is still pretty much in an all-in on anything situation. Your chances of knocking him out next hand is 1/2, and even if he doubles up that hand youve still got a 1500 TC lead so you must be at least 1/2 to win from that point on. In combination a fold leaves you better than a 75% favorite.
If you call and lose youve doubled him up to 2040 (to your 5960) and you are just under 75% favorite because youve got slightly less than 75% of the chips.
So calling takes you from something over 75% to win the tourney to something just under 75%...close!!