Quote:
Originally Posted by classhandicapper
I asked about multiple entries. I don't play tournaments. As to whether 5 is greater than 2, there could be some theoretical "game theory" advantage in some situations, but I suspect it's much smaller and occurs less frequently than people think. Maybe someone can explain the advantage better.
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I'll tread carefully because there are people here who know a lot more about each aspect than I do. I know the legal side of "collusion" quite well, so let's not go there.
I don't play these tournaments but it looks like the prize structure is like a poker tournament - a hugely disproportionate amount of the prize pool is paid to those who finish at the very highest end of the probability distribution (let's call it 2-3 standard deviations). The more entries you have, the more likely you are to have 1 that gets into that upper percentile. So 5 is necessarily is better than 2, all else being equal. 10 would be better.
But that's perhaps the rub you're alluding to - you need your partners to be equally skilled. If you're the legitimate top dog and best handicapper among the group, aren't you giving up EV to reduce variance?
