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Poker Forum
Why the price is so high
Posted By: The Groovin' Mahoovin In Response To: Who will win the WSOP (Stingray)
Date: 19 May 03, 2:34 pm
I assume you think +8900 is too generous a price for two excellent players. Well, think of it this way: that line assumes each player has a 1 in 90 chance of winning. 600 entries should definitely be expected each year, and this year they ended up getting an even higher number of entrants, 805, and this shouldn't be entirely unexpected since a lot of the online sites offered satellites to the WSOP, which presumably attracted folks who wouldn't have played otherwise.
Even if we assume the lowest end of 600 entries, an average player should have a 1 in 600 chance of winning, which assumes that Hellmuth and Ivey are almost 7 times as likely to win as an average competitor. That is a huge edge. And with 805 competitors, it assumes they're almost 9 times as likely to win as an average competitor.
The five day format of the WSOP rewards skill more than luck relative to a lot of the other tournaments, but there is certainly still a degree of luck involved.
- Who will win the WSOP -- Stingray -- 17 May 03, 1:33 am
- Howard Lederer (nt) -- uvaRick -- 17 May 03, 1:01 pm
- How do you read betfair? David Chiu will win -- Texas Holdem -- 17 May 03, 5:19 pm
- Why the price is so high -- The Groovin' Mahoovin -- 19 May 03, 2:34 pm
- How do you read betfair? David Chiu will win -- Texas Holdem -- 17 May 03, 5:19 pm
- Howard Lederer (nt) -- uvaRick -- 17 May 03, 1:01 pm
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