So let’s say in our example above the buy-in is $3,000 and that gets you a 10,000 starting stack. If a starting bounty is worth 1/3 of your buy-in then it is worth an extra 1/3rd of your starting stack, which you treat like it is dead money in the pot. In the chip conversion method the value of the bounty is added to your hand analysis as if it were extra chips in the pot. However, chip conversion is the better method to use in Mystery Bounties. We dismissed what is known as the ‘chip conversion’ method because it didn’t really take into account the progressive value of bounties. I cowrote PKO Poker Strategy with Dara O”Kearney and we devised a formula for calculating the odds you need to call for a bounty, based on the value of the bounty and also the progressive nature of the format. The Chip Conversion method Mystery Bounties have already taken over live poker As long as the biggest bounties have not been claimed, the average bounty size will be high. So in the example above, the average bounty is worth $1,464. The correct strategy in Mystery Bounty tournaments is to assign any given bounty with the average value of the remaining bounties. In the case of live tournaments the players find out which bounty they have won after they themselves have been eliminated (they collect all their bounties when they exit the event). There are the same number of bounties as there are surviving Day 2 players and most of them will be for a small amount, but a few will be for a large amount and a handful will be for an amount bigger than the regular first prize.įor example a Mystery Bounty with 70 players on Day 2 might have 45 bounties worth $500, 15 bounties worth $1,000, five bounties worth $2,000, three bounties worth $5,000 and two bounties worth $20,000.Īt no point does anyone know how much the bounty is on another player until they have been eliminated, where the bounty is awarded at random from the remaining bounty pool. The first Day plays like a regular freezeout, the second day sees the Mystery Bounties come into play. So far in the format it takes place over more than one day or phase. The Mystery Bounty format has already taken over live poker and now it looks poised to do the same online after it debuted on GGPoker last weekend.
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