High Stakes Poker - Page 117

On March 10 2010 04:41 byrnesam wrote: how does it cost him $1m if he buys out for $100k?

EV (Not Eating Meat) = $1,000,000
EV (Eating meet) = -100,000
If he buys out for 100k it costs him $1.1 Million to eat meat.

Doesnt matter that the money is not in his bank account, or Durrr's, he will simply have $1.1 Million Less.

If the bet was that If Ivey eats meat he has to pay Durrr 1.1 Million from his own money and not get anything if he doesn't eat meat, it would make no difference and it would still cost Ivey $1.1 Million to eat meat.

Right, its basically a bidding vs time war between Ivey and Durrrr.

It probably wasnt clear what i meant in my original post, I thought people were under the impression that it was 1:1 type bet where if ivey ate any meat he would have to pay Durrrr $1m.

On March 10 2010 10:47 RaSZi wrote: Show nested quote + On March 09 2010 20:12 Baal wrote: Well i think its ridiculous to speculate if Ivey has the integrity to ship 1M if he falls in temptation. Durrr knows him way better than any of us and Durrr is not retarded so Ivey probably has that kind of integrity This. There is no way he would lie. I would put my life up for that. Ivey is a man, not a weasel.

also Ivey scamming for 1M is like the average person scamming for 10 bucks

Putting that much faith in a man is a leak, no matter how well you think you know him.

If you put your life up for another persons word enough times you're gonna end up dead someday, no matter who that person is.

On March 11 2010 06:30 tomson wrote: Putting that much faith in a man is a leak, no matter how well you think you know him. If you put your life up for another persons word enough times you're gonna end up dead someday, no matter who that person is.

I want to quote this like x1000000.

agree!

On March 11 2010 06:30 tomson wrote: Putting that much faith in a man is a leak, no matter how well you think you know him. If you put your life up for another persons word enough times you're gonna end up dead someday, no matter who that person is.

it's not much faith and he isn't risking his life or anything. it's just money, and it isn't like either of them will be saving up or spending more because of that bet.

I wonder what the buyout graph for that bet would look like over a year? It increases for a bit as Ivey's need for meat goes up at the start, but I imagine by october Durrr would be happy to get that 50k instead of losing a million at the end of the year.

On March 11 2010 10:16 aseq wrote: I wonder what the buyout graph for that bet would look like over a year? It increases for a bit as Ivey's need for meat goes up at the start, but I imagine by october Durrr would be happy to get that 50k instead of losing a million at the end of the year.

lol, i was just thinking about the same thing

very interesting thought

They should make an uncensored version, too bad they bleeped out what gus said, even tho you got the gist of it I dont want language censored in any show, much less a poker show.

if ivey can buy out at any time for 100k seems like a ultra +EV bet

theyve succeeded in getting everyone talking about them, and pretty much locked up some (more) media attention for the next 12 months.
outcome of the bet seems irrelevant.

On March 11 2010 10:16 aseq wrote: I wonder what the buyout graph for that bet would look like over a year? It increases for a bit as Ivey's need for meat goes up at the start, but I imagine by october Durrr would be happy to get that 50k instead of losing a million at the end of the year.

You didn't quite finish the logic. The graph doesn't go to zero logarithmically but probably crosses the x-axis at around 6 or 7 months, so that is all Ivey actually has to last before he's in buyout profit. By December Ivey can cook up a huge steak and make durrrr pay him 800k to buy out and then eat it in front of him.

On March 11 2010 14:24 Oly wrote: Show nested quote + On March 11 2010 10:16 aseq wrote: I wonder what the buyout graph for that bet would look like over a year? It increases for a bit as Ivey's need for meat goes up at the start, but I imagine by october Durrr would be happy to get that 50k instead of losing a million at the end of the year. You didn't quite finish the logic. The graph doesn't go to zero logarithmically but probably crosses the x-axis at around 6 or 7 months, so that is all Ivey actually has to last before he's in buyout profit. By December Ivey can cook up a huge steak and make durrrr pay him 800k to buy out and then eat it in front of him.

a 200k steak.. damn

On March 11 2010 15:55 Baal wrote: Show nested quote + On March 11 2010 14:24 Oly wrote:   On March 11 2010 10:16 aseq wrote: I wonder what the buyout graph for that bet would look like over a year? It increases for a bit as Ivey's need for meat goes up at the start, but I imagine by october Durrr would be happy to get that 50k instead of losing a million at the end of the year. You didn't quite finish the logic. The graph doesn't go to zero logarithmically but probably crosses the x-axis at around 6 or 7 months, so that is all Ivey actually has to last before he's in buyout profit. By December Ivey can cook up a huge steak and make durrrr pay him 800k to buy out and then eat it in front of him. a 200k steak.. damn

Haha good point! When I first heard the bet I though it was hugely -EV for Durrr, but I thought it might be because 1M is a lot of money to me. But the 'graph' already breaking even quite early means the bet isn't very good at all. By the time Ivey really gets tired of eggs and rice he's nearly in the money. I know it would be peanuts for me, especially when you have the money to order any delicious (although veggie) food.

On March 11 2010 15:55 Baal wrote: Show nested quote + On March 11 2010 14:24 Oly wrote:   On March 11 2010 10:16 aseq wrote: I wonder what the buyout graph for that bet would look like over a year? It increases for a bit as Ivey's need for meat goes up at the start, but I imagine by october Durrr would be happy to get that 50k instead of losing a million at the end of the year. You didn't quite finish the logic. The graph doesn't go to zero logarithmically but probably crosses the x-axis at around 6 or 7 months, so that is all Ivey actually has to last before he's in buyout profit. By December Ivey can cook up a huge steak and make durrrr pay him 800k to buy out and then eat it in front of him. a 200k steak.. damn

But it comes with the added bonus of several more months of meat eating that he wouldn't have gotten if he didn't eat the steak

On March 11 2010 06:30 tomson wrote: Putting that much faith in a man is a leak, no matter how well you think you know him. If you put your life up for another persons word enough times you're gonna end up dead someday, no matter who that person is.

except that this is money and not his life and I think sometimes it's ok to take risks if they are +ev

we are poker players after all

durrrr was losing to isildur during this whole time right?

On March 11 2010 21:54 asdf2000 wrote: Show nested quote + On March 11 2010 06:30 tomson wrote: Putting that much faith in a man is a leak, no matter how well you think you know him. If you put your life up for another persons word enough times you're gonna end up dead someday, no matter who that person is. except that this is money and not his life and I think sometimes it's ok to take risks if they are +ev we are poker players after all

I was referring to:

On March 10 2010 10:47 RaSZi wrote: There is no way he would lie. I would put my life up for that. Ivey is a man, not a weasel.