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Thread: Aussie Millions

  1. #1
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    Aussie Millions

    One time chess player James Obst is making a deep run at the Aussie Millions $10k Main Event. Currently sitting around 3rd in chips with 173/629 remaining:

    http://www.pokernews.com/live-report...00-main-event/

  2. #2
    Monster of the deep Kevin Bonham's Avatar
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    Famous psephologist Nate Silver also involved (not sure how good he is, Wikipedia describes him as "semi-professional". Silver was right up there too but just lost 90K.

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    Silver has been one of the bigger stacks all day, and still strong with around 200k. Obst has blown out to a big chiplead with 575k.

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    Monster of the deep Kevin Bonham's Avatar
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    Obst has a huge lead at the moment, he's on 1.1 million and the next highest are on 690 K. 77 left. Do they just keep eliminating people with more and more chips pooling with those left or is there some point at which it resets for those still in? Silver out - made the last 100 or so.

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    CC Grandmaster road runner's Avatar
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    Quote Originally Posted by Kevin Bonham
    Obst has a huge lead at the moment, he's on 1.1 million and the next highest are on 690 K. 77 left. Do they just keep eliminating people with more and more chips pooling with those left or is there some point at which it resets for those still in? Silver out - made the last 100 or so.
    Typically they just keep eliminating people and accumulating chips - there isn't a reset. The blinds and antes keep increasing too though, so you do need to keep increasing your stack to deal with that. Being chip leader is the best you can hope for.
    meep meep

  6. #6
    CC Candidate Master Sutek's Avatar
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    More news here..

    PokerNews

    One thing I do notice about poker is that all the players are usually just placed into one pool. No special prizes for being bad!

    1st prize = $A1.6m!

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    Quote Originally Posted by Sutek
    More news here..

    PokerNews

    One thing I do notice about poker is that all the players are usually just placed into one pool. No special prizes for being bad!

    1st prize = $A1.6m!
    Yes, but it's self selecting as well. The very best players don't bother with the $1000 buyin events, and the decent pro players don't bother with the $100 buyin events. So there are still plenty of opportunities for weak players and even novices to win things.

    Also, the random element in poker is important. If the best players dominated everything in poker the way they do in chess, you would never get the big fields for $10,000 buyin events. How many would play if the Australian Chess Championship cost $10k?

  8. #8
    CC International Master Kerry Stead's Avatar
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    There's also Sean (AKA Shoshiro) Karita in the money in the main event - he is another chess to poker convert & used to play in Queensland as a junior.

    With poker tournaments, you get paid when you finish in the top 10% (or thereabouts) typically. Blinds & antes are constantly increasing, so you need to play hands rather than just being able to sit there & wait for a premium hands. Elimination occurs when you run out of chips, so its essentially a 'who can last the longest' in terms of making the money, but to win tournaments you need to win all the chips in the event, so there's a big difference between playing to cash (and hence profit slightly) & playing to win (and presumably 'win big').

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    Its my understanding that the most profitable way to play in poker is to play to win. Because of the way the prize structures work, you'll probably lose money in the long run or if you're consistent then make very small profit if you play to make the money. But if you can win just one tournament then youll do more than recoup you're losses in fact you make massive profits.

    Some tournaments pay ~100 times the buy in for first yet limping into the money bubble pays about 2-3 times they buy in.

  10. #10
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    Quote Originally Posted by Clueless
    Some tournaments pay ~100 times the buy in for first yet limping into the money bubble pays about 2-3 times they buy in.
    This one (Aussie Millions ME) pays 1.5x for a minimum cash, and 160x ($1.6M) for first. So yes, optimal play is to remain aggressive when the money bubble is in sight.

  11. #11
    Monster of the deep Kevin Bonham's Avatar
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    Obst has just bounced up to sixth. It interested me to note that behind the current leader Dan Shak, the next four are Tan, Lam, Yan and Chan. Karita was eliminated getting 30K. 25 players left.

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    CC Grandmaster road runner's Avatar
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    Quote Originally Posted by Kevin Bonham
    Obst has just bounced up to sixth.
    Out in 19th place.
    meep meep

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    CC Grandmaster Redmond Barry's Avatar
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    Quote Originally Posted by Kevin Bonham
    Obst has just bounced up to sixth. It interested me to note that behind the current leader Dan Shak, the next four are Tan, Lam, Yan and Chan. Karita was eliminated getting 30K. 25 players left.
    on this evidence i would have to conclude that karita was not one of the top 5 due to either his surname or first name not rhyming with -an or -am.

    if he changed his name to Stan Fan or Tran Van Sam then i would not be surprised to see him win the next tournament he enters.

    Ruin is formal, devil's work,
    Consecutive and slow -
    Fail in an instance no man did,
    Slipping - is Crash's law,

  14. #14
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    James Obst is currently 4th in chip with 17 people left in the 2016 Aussie Millions Main Event. 1.6 million AUD for first! Gogogo

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