Zerosum 79 Published in WPT Magazine Nov. 2010 Issue
For most guys this might not be a notable event, but for me its a very big deal that Hunter submitted an article of mine for WPT magazine. (Thanks Hunter!) It was published in the Nov 2010 issue and the subject is Chip Utility. Once the magazine leaves the news stands, I will scan a copy for download to the membership but for now let me just say, if you like controversy, this article is worth a read.
For a long time the poker literature has had two different opinions on the value of chips in a poker tournament. The orthodox view has been around a long time and is called the reverse chip value model. Proponents of this view believe that as you acquire chips in a tournament they lose value, and as a result you should play relatively tight in tournaments because the chips you lose are more valuable than the chips you win.
More recently Arnold Snyder in Poker Tournament Formula 1-2 proposed an alternative model called the chip utility model. He states that actually chips increase in value when you have more as long as you are a skillful player you can use the extra chips as a weapon.
As a result a paradox seems to exist: Can chips increase and decrease in value simultaneously?
In the article I did some analysis using equity modeling and expose the flaws in reasoning of both camps resolving the apparent paradox. I think its a good read so check it out!
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November 1st, 2010 - 16:39
Congrats and when I’ll pick up a copy when I get a chance.
November 1st, 2010 - 17:35
Nice one Greg.
So when can we see the ‘Zerosum Model’ ?
November 1st, 2010 - 22:58
Creating a more dynamic model might be an interesting project but I am pretty happy with the models already out there. However, proper interpretation is what has been missing to date. I think that the article should be an interesting read for anyone playing any form of tournament poker.
November 2nd, 2010 - 21:13
Congrats Greg
November 3rd, 2010 - 01:27
My pleasure Greg, its great article, glad we could get it published.
March 18th, 2011 - 07:57
Is a copy of the article available for members yet?
March 28th, 2011 - 13:30
I think there was a bigger lag than I anticipated in the publishing but its supposed to either be out or out imminently. I’ve actually already sent them the second article and am working on a third.
I still need to clarify what publishing rights I have to the article. I know that I will not be able to post it while its in print, but need to find out if I can link it to my website once they are out of print. If I am allowed to do so I’ll post links to them in the SNG forum.
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