Posted: Wed Aug 06, 2008 10:27 am Post subject: Bounty SNG Math
Been thinking about this. I can't decide if these things are a value or not. Generic set-up: 10-seat SNG with a $2.20 buy-in. $1 goes into the prize pool and $1 is a bounty paid to whoever knocks you out of the tournament. $5 for first, $3 for second and $2 for third.
Last night I had the worst case winning scenario: I placed first, but the only person I knocked out was when it was HU (came back from a 12-3 chip deficit). So, I win $5 plus $1 for the bounty, plus the $1 bounty on me is refunded. I get $7. However, in a regular 10-seater, I would win $10 for first. To match this in a bounty SNG, I would have to knock out 4 people on my way to first place, which seems unreasonable.
But, for overall ROI, there are plenty of times when I bust a player or two and then bubble out. So I recoup some cash via bounties in those situations where in a regular SNG I would not.
Anyone have any detailed stats on bounty-style SNG ROI, and whether or not they are a value or not?
Posted: Wed Aug 06, 2008 9:32 pm Post subject: Re: Bounty SNG Math
I have wondered this myself. I would have to say that they are value if you have a significant edge over your opponents. The problem is to know what the correct strategy is. I am sure there is still room for opponents to make big mistakes and hand you an edge if you can make correct decisions.
My suspicion is that if you "crack" this type of tourney then you can make a big profit, since there is no literature out there on it (that I am aware of) and I am sure that the best players will stick to what they know and play normal sit 'n gos instead.
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