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Catch-All Anything Thread


knightni
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Okay -- I got a question here for any poker players or people intelligent enough to work with numbers. I'm pretty sure I'm correct but just want to be sure:

 

Say I'm playing in a card tourney that has 200 people and each person starts off with 1500 chips. When there's 100 people left, the average chip stack will ALWAYS be 3000, yes? And when there's 50 people left, the average chip stack will be 6000 (and so on and so forth). I'm doing this correctly, yes?

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QUOTE(CWSGuy406 @ Jan 17, 2008 -> 05:08 PM)
Okay -- I got a question here for any poker players or people intelligent enough to work with numbers. I'm pretty sure I'm correct but just want to be sure:

 

Say I'm playing in a card tourney that has 200 people and each person starts off with 1500 chips. When there's 100 people left, the average chip stack will ALWAYS be 3000, yes? And when there's 50 people left, the average chip stack will be 6000 (and so on and so forth). I'm doing this correctly, yes?

Assuming there's no rake, the averages you listed are correct...

 

If you know (guess/get the feel of) the median vs. average (mean) of the room, you're in good shape.

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Yeah, avg. chipstack is really a bad way of looking at things. The safer bet would be to look at where you stand among the 100 left over. I play a lot of tourneys on pokerstars and dont bother even caring to see what avg. chipstack is... as long as im in the middle of rankings.

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QUOTE(SoxFan101 @ Jan 17, 2008 -> 10:24 PM)
Yeah, avg. chipstack is really a bad way of looking at things. The safer bet would be to look at where you stand among the 100 left over. I play a lot of tourneys on pokerstars and dont bother even caring to see what avg. chipstack is... as long as im in the middle of rankings.

 

Yeah, I understand that average can be skewed by outliers in either direction. I just asked the question to make sure that I was, in fact, correct and so -- if I ever needed to -- I could take a look at how many people were left and figure out the average myself.

 

-------------

 

On that note, I'm sure you hold'em players don't need to hear yet another whiney bad beat story, but I just took a real bad one. This other guy and I were chip leaders, he made a real whack-ass all-in play in second position with JJ (nine person table, and he's second in chips at the table -- that's why I called it whack-ass). I had rockets so I couldn't call quick enough and, sure enough... he hits his two-outer on the river. Bleh.

Edited by CWSGuy406
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I'm off to play Poker at the Crown Casino tonight where the Aussie Millions Tournament is happening at the moment (quite a lot of pro's down here as well, but sadly not Daniel Negreanu).

 

And that's certainly a bad beat Keith. Nothing like getting sucked out on the river.

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I was playing $2-$3 no limit at the Wynn. The table is full except for one seat to my right. Some kid sits down and decides to buy-in for the minimum, I think it was $120. His very first hand, he raises like 3x the big blind. I have pocket Ks, so I come over the top of him with $18. An old dude across the table with a massive chip stack goes over the top of me with $30 I believe (he later told me he had pocket Js). Back to the new guy, he goes all in. I know nothing about him and I'm not laying down Kings so I go all in with almost $200. The old guy mucks, everyone else is out. We turn our cards, he's got pocket aces. I am devastated. But lucky for me a K comes out on the flop, and my opponent gets no help on the turn/river. He just puts his head down, says nothing, and leaves the table. The timing and result of this hand was unbelievable

Edited by 3E8
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QUOTE(CWSGuy406 @ Jan 17, 2008 -> 05:37 PM)
Yeah, I understand that average can be skewed by outliers in either direction. I just asked the question to make sure that I was, in fact, correct and so -- if I ever needed to -- I could take a look at how many people were left and figure out the average myself.

Average won't be skewed by outliers in a closed system. If no new chips are coming in and none are leaving the system, average is a just a function of the number of people still alive.

 

That's why you'd want to know (get the feel of) median vs. mean (the average). What you really want to know the range, or standard deviation from mean/median.

 

But since you're not going to be able to easily calculate any of those (aside from average) you just have to go by feel.

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QUOTE(Gene Honda Civic @ Jan 18, 2008 -> 01:53 AM)
Average won't be skewed by outliers in a closed system. If no new chips are coming in and none are leaving the system, average is a just a function of the number of people still alive.

 

That's why you'd want to know (get the feel of) median vs. mean (the average). What you really want to know the range, or standard deviation from mean/median.

 

But since you're not going to be able to easily calculate any of those (aside from average) you just have to go by feel.

 

Yeah -- I don't know why I said the average would be 'skewed'. I think what I meant was that if there were a couple of guys with massive chip stacks, it'd be skewed in that most everybody would be below the average.

 

My tournament play has got to improve. I've seemingly settled into a nice 'groove' in (relatively) small buy-in Sit-and-Gos, but my tourney play usually goes like this: stay around average for the first half (ie if it's a 200 person tourney, when there's 100 people left) and then slowly bleed away until I'm basically pressured into moving all-in on a hand (K-10, let's say) that I really don't want to go in with. I don't think I'm one of those people who feels pressured to 'cash' -- I think it's because I don't make the most of it when I really do have a hand.

Edited by CWSGuy406
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I usually do the 12 dollar turbo sit & go's 180 man on pokerstars. They finish in a little over an hour usually.. maybe hour and a half and first place is 600. I usually do pretty well in them... I started playing last week or so after a long break. Put in $100 and now I'm at $1000. If your new though i wouldn't suggest the turbo's......maybe a 4.40 180 man. That I've won twice too and first place takes i think $215ish.

 

 

 

Speaking of bad beats, I hit a fullhouse and got someone to go all in vs me.... where he than hit the runner runner straight flush. It was down to the last 2 tables from 20 and I was still chip leader lol..... but instead of 60k chips at time I would have had 100k lol.

 

 

 

Btw, you can now deposit easily using echecks;

Edited by SoxFan101
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QUOTE(SoxFan101 @ Jan 18, 2008 -> 01:37 PM)
I usually do the 12 dollar turbo sit & go's 180 man on pokerstars. They finish in a little over an hour usually.. maybe hour and a half and first place is 600. I usually do pretty well in them... I started playing last week or so after a long break. Put in $100 and now I'm at $1000. If your new though i wouldn't suggest the turbo's......maybe a 4.40 180 man. That I've won twice too and first place takes i think $215ish.

 

Ehh -- I'm not really a fan of those turbos, way too much luck involved. It basically turns into an 'all-in' fest much faster than I want it to.

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Another question here:

 

I have a dilemna that may or may not be important to my question, but I'll give the background anyways. I'm taking a Macro-Econ course this semester that is taught by the same professor that I took last semester for Micro-Econ. For this class, I feel like all I'm doing is memorizing stuff for the tests and not truly learning anything -- she basically uses Powerpoint or an overhead projector and has us copy everything that's on the PP/projector. I probably made a mistake taking her for a second semester, but I like familiarity and comfort in my classes, so since I knew what to expect (don't have to buy a book, homework is only once a week done electronically, no quizzes and three tests), I just took her anyways.

 

I don't know if I had to say all that, but -- I'd like to actually feel like I'm learning something so... anyone have any recomendations for a good economy (doesn't have to focus on macro, as I'll explain) book? This doesn't (necessarily) have to be a school-type book -- an 'application' book would be great. Just something that isn't terribly difficult to understand but something that may give me a good 'economic' basis (if that makes any sense).

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