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 Originally Posted by celtic123
I think I read somewhere at FTR that , its better to finish 2nd twice , than 1st once . Is this what you are pointing out here ?
I've only seen the math in a few places, and I've never paid attention because tournaments are my thing, and you get warned not to mix the two games.
The last place I saw it explained was Mike Caro's latest book. I don't remember if he goes into the math, I do remember the natural language explanation was that in the tournament first place is penalized by having to split his winnings with the rest of the field. So It's more advantageous to play for the closest major shift in $ plateaus than to play for first place because the ICM begins to slough off over time.
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