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WSOB finals - some (odd) odds

Posted By: Bob Koca
Date: Saturday, 6 February 2010, at 9:00 p.m.

In Response To: WSOB finals - some (odd) odds (Philippe Michel)

I don't see any free equity.

Ignoring the registration the round of 16 or round of 8 entrants get their correct equity of either 1/16th or 1/8th of the prize pool of $480,000.

If there was a round of 4 entrant then the equity of that position is (1/2)(60,000) + (1/4)(90,000) + (1/4)(150,000) = 90,000 so it is also the correct entry amount.

The 90,000 entry may seem to short the prize fund by 30,000 but note that there would be one less quarterfinalist then.

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