Quote:
Originally Posted by AndyC
OK. Let's see where that puts you. All 10 entries bet an even money horse and for the sake of the argument 5 of them win. I am assuming they are all betting $7,500 to win. So then the 5 winners each have $15,000 of bankroll which they then bet on a second even money horse. If any of the 5 win they would only have $30,000, hardly a winning amount for the tournament. I wouldn't ask for my entry fee back if I knew 10 people were going to apply this strategy against me.
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I think a lot of people may be thinking in terms of probability of winning instead of long term ROI.
If you control more entries you certainly increase your chances of winning, but you are also making a much larger upfront investment that will often go totally bust and make up for the extra wins on the downside.
If you and a partner use a dutching technique to guarantee you have at least 1 entry in great shape, you are also guaranteeing that several of your entries are doomed. Many of your competitors will be disadvantaged against your guaranteed winner, but they are very advantaged against your doomed entries.
I don't think there's much of a way to change that long term math.
Granted, I am not tournament player and haven't given this a lot of thought.
