Day 2: Bounty Values and Equity Drops
Mystery bounty tournaments differ from other bounty tournaments in that we do not know what the bounty value will be before we win the bounty and draw the prize. So how do we estimate the expected value of a mystery bounty? How much should we adjust our play to win the bounties?
This video answers these questions with simple heuristics we can implement in game.
Topics
Course Info
Mystery bounty poker tournaments have exploded in popularity in recent years. What do players need to know about adjusting their play when bounties are involved? In this short series of videos, Dr. K provides an overview of mystery bounty theory and how the wide range of mystery bounty structures impacts the bounty value.
Course Videos:
What are mystery bounties? What does a good mystery bounty structure look like? What is our strategy before the bounties are in play?
Mystery bounty tournament structures vary significantly, more so than other types of bounty tournaments. This video covers the different kinds of structures and how they impact our play, especially as we near the bounty period/day 2.
Mystery bounty tournaments differ from other bounty tournaments in that we do not know what the bounty value will be before we win the bounty and draw the prize. So how do we estimate the expected value of a mystery bounty? How much should we adjust our play to win the bounties?
This video answers these questions with simple heuristics we can implement in game.
In this video, Dr. K presents the "Dial Method" to conceptualize simple ways to adjust to the impact of bounties in game. The Dial Method helps us visualize risk premiums - both positive and negative (bounties can cause negative risk premiums) - to guestimate how much tighter or wider we should adjust our ranges from chip expected value (cEV ranges theoretically have a risk premium of zero).
In this video, Dr. K reviews several hands they played in a large field, online mystery bounty tournament, using the heuristics and the Dial Method discussed in the previous videos.