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Tournament Prize Money Conundrum

Posted By: Dmitriy Obukhov
Date: Monday, 17 October 2016, at 6:15 p.m.

In Response To: Tournament Prize Money Conundrum (Rick Janowski)

Switching is no better than nonswitching. One way to see it is to imagine that the other guy gets the same option of swithching. If both switch their combined amount of money stays the same as if they didn't switch.

Those who think switching gains something don't take into account that the option of switching is given AFTER one loss/gain has already occured. Basically, when TD gave 2000 on an envelope you gained/lost some equity. If you have lost then, now switching will gain. If you gained then, now switching will lose. Just like switching infinity many times makes no sense, it makes no sense switching now.

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