BJ Tourney EV ?

[phantom007]

In the very near future, I will be playing in a BJ tourney along with 249 others. Buy-in $500....but total prize pool = $150k...therefore players providing 5/6th of pool, with casino kicking in $25k.

No Re-buy-in in this one. After 2 rounds of #25 hands each, top 36 players go to the semi-finals...winner of each of these 6 tables, plus one Wildcard, occupy the Final table.

Pay-offs are roughly as follows:
---1st...60k
---2nd...25k
---3rd...20k
---4th...13k
---5th...7k
---6th...4.5k
---7th-36th...$500 each
---Wild-Card player gets 3.5k plus seat at the final table.
---All get 2 nights free room, 2 meals, and a free gift
---#4 players will be drawn to receive free entry into next tourney (value 2k).

In my simple mind, EV is about +21%, albeit that one will have only a 7/250 chance of being "way" ahead, a 34/250 chance of "being even + free stuff", and a 209/250 chance of having a $500. dollar T-shirt.

Is my math logic correct?

Thanks

Phantom007.

 

[The Mayor]

Simple

Your EV is $150000/250 = $600 for your $500 buy in, giving you a 20% edge in this tourney right of the top.

And then you get the free rooms and other perks...

This is a great deal.

--Mayor

 

[phantom007]

Thanks Mayor........

Maybe I will give up the CC Grind for the BJ Tourney EV!

Q: Whatever happened to Phantom007?

A: He is now a BJ Tourney Pro!

Q: How does he make his living?

A: He sells his Meal Comps, Hats, T-shirts, etc. to BJ and CC-wannabe's.

Q: Why does he CC in Tourney's, when Wong says he must not?

A: Because HE MUST! A Good CC will count! HE/SHE MUST COUNT!

GRIN!

phantom007.

 

[Automatic Monkey]

My first BJ tournament today

Interesting. It was a free buy-in with a whole bunch of prizes. Yes, I did count, but mostly for playing decisions. It didn't help me very much though- see this thing has a 2-1 BJ payout so if you're not getting your BJ's you are screwed. And there were only 25 hands per round so you really don't have enough hands to overcome variance much at all. Huge luck factor, but still it doesn't hurt to count to help you with hit/stand decisions.

 

[Stealth Bomber]

and to bet big when the aces are coming

 

[MrPill]

Tourney Play.....

.....is all about playing against the other players chip stacks and counting really has no place in it. I told this to one of my pharmacy friends once and he didn't believe me when I told him I don't count during tourney play. Especially when I took 1st place and the greater than 13K 1st place prize.

I gave him this example, if I'm leading by $50 on the last hand and I have a monster count. BR2 bets only $60 ahead of me, do really think I'm going to bet $500 max because the count said too?

Good Luck in your tourney play AM,
Pill