At the start of the tournament that is what you would treat the bounty as, as it will be the average bounty. So let’s say in our example above the $3,000 buy-in gets you a 10,000 starting stack, in that instance an average starting bounty is worth 3,333 extra chips in the pot. 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. This is where the value of the bounty is added to the calculation as if it were extra chips in the pot. So first we use the chip conversion method. Dara O'Kearney JTurn the bounty into chips Just work out what bounty would be on average and assume that’s the bounty I know you’re joking but strategy would be relatively simple.
However, the chip conversion method makes sense here, and the mystery element is relatively simple to account for, as Dara explained: 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. So how do we approach this strategically? Especially the fact that we don’t know what the bounty will be when we win one? How to play when you don't know the bounty? In fact in the case of the Wynn, anyone who got a bounty spun a raffle wheel to pick their prize, which I think was the right way to do it. Then the remaining 25 bounties will all be $1,400 each.Īt no point does anyone know how much the bounty is on another player until they have been eliminated. There will be a few huge bounties, let’s say a $10k bounty and four $5k bounties. There will be some lower bounties, maybe 70 of them will be $500.
The way it works is, let’s say there are 100 players in a $3,000 MTT and the average bounty is $1,000. It is not a progressive bounty, in other words your own bounty does not increase the more scalps you claim, but it does mean some bounties are bigger than others, and some are huge. The Mystery Bounty format, like the one at the Wynn recently, might be the middle ground live poker needs to catch up to the bounty craze. There have been live bounty tournaments but the bounties never increase, so they become less enticing the deeper you get in the event as the standard payouts are much bigger. This is for logistical reasons, it is not as easy to track the progressive nature of the bounties in a live poker setting compared to online. PKO tournaments have dominated online poker for a few years now but have not had the same impact live.
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