4 ms·
I apologize for at all seeming negative, I just want to clarify a few aspects of the story which I feel are a little misleading: "The buy in is a steep $1,000"
by birken 14y ago
I apologize for at all seeming negative, I just want to clarify a few aspects of the story which I feel are a little misleading:
"The buy in is a steep $1,000" - Yes, in absolute terms $1,000 buy-in is high, however by WSOP standards this is the lowest buy-in for an open event (IE anybody can enter).
"if he took home fourth (the place at which he’s currently ranked), Chan would take home more than $150,000" - At this stage in the tournament even looking at the payout for your position is just crazy. Even the first place player right now would likely be better off taking $150k if somebody offered it to him right now rather than play on. Right now the 1st place stack has about 12% of the chips in play (our hero has ~4% of the chips in play). In order to win you need to get 100% of the chips in play... IE there is a long way to go for everybody.
"though he’s probably done the best: Former Facebook exec Chamath Palihapitiya took 101st place last year." - This is the most egregious error. Chamath placed 101st in the WSOP Main Event, the $10,000 buy-in and most prestigious event in the WSOP series (it is called main event after all). This is just comparing apples to oranges, the events have completely different buy-ins, different structures, and of course one is the main event and one isn't. I think many people would prefer a 101st place finish in the main event rather than anything short of winning this $1k no limit event from purely a prestige perspective.
- deleted 14y ago[deleted]