August 5, 2009

Let’s Make a Deal

As online poker tournaments get down to the last few players, it’s not uncommon to hear someone propose splitting up all the prize money several ways instead of playing it down to the end with prize money allocated according to finish. This is a natural outcome of the game since poker is basically a game of deal making and one-upmanship. Sometimes the deal is informal and friendly. For instance, if there are only three pay-outs, and the table is down to five, someone might propose that small amounts be skimmed off the top prizes to pay fourth and fifth place. That eliminates the “bubble” situation where everyone is just trying to hang on to make the money.

To reach an agreement to chop the all the prize money into several equal portions requires mutual consensus. Some poker players though may hesitate to have their vote be public, and card rooms are responding with procedure to handle it. The players are all dealt a black and red card. One color represents a yes vote to the chop, and the other colors is a veto. The players return their secret votes to the dealer who then assesses whether the players have agreed to chop or continue to play to the last one standing. Chopping the pot has some advantages, especially when it’s heads-up, where plain good and bad luck can dictate the outcome. Heads-up play can also last a long time, and when the difference in first and second place prize money is not great, ending the session eliminates the time and stress involved in seeing it to a finale.

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Posted by Administrator under Free Games + More, Gambling Capers, Internet Fun |

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