C
Chris Barnes
Ok, here is a fun exercise. I somehow got in charge of all the
technical stuff for my monthly office home poker night. Meaning I am
developing a payout table
It was pretty easy to come up with a schedule that made sense, but I now
want to make it more flexible - so that if we change the buy-in I don't
have to go through and redo everything.
Here is what we have:
players Payouts Breakdown
4-8 2 1st=70% 2nd=30%
9-15 3 1st=55% 2nd=33% 3rd=12%
16-21 4 1st=52.5% 2nd=29% 3rd=13% 4th=5.5%
22-29 5 1st=45% 2nd=26% 3rd=15% 4th=9% 5th=5%
30+ 6 1st=42.5% 2nd=25% 3rd=14.5% 4th=9% 5th=5% 6th=3.5%
Ok so far and pretty easy.
Here's where it gets "tricky". If the buyin is $20, we want the payouts
to be rounded to a multiple of $5. If the buyin is $50 (we only do that
once a year), we want to round the payouts to multiple of $10.
And of course, the total payout must exactly equal the total amount in
the kitty (# players * buyin).
I can send the spreadsheet with what I have so far if anyone wants to
look at it.
technical stuff for my monthly office home poker night. Meaning I am
developing a payout table
It was pretty easy to come up with a schedule that made sense, but I now
want to make it more flexible - so that if we change the buy-in I don't
have to go through and redo everything.
Here is what we have:
players Payouts Breakdown
4-8 2 1st=70% 2nd=30%
9-15 3 1st=55% 2nd=33% 3rd=12%
16-21 4 1st=52.5% 2nd=29% 3rd=13% 4th=5.5%
22-29 5 1st=45% 2nd=26% 3rd=15% 4th=9% 5th=5%
30+ 6 1st=42.5% 2nd=25% 3rd=14.5% 4th=9% 5th=5% 6th=3.5%
Ok so far and pretty easy.
Here's where it gets "tricky". If the buyin is $20, we want the payouts
to be rounded to a multiple of $5. If the buyin is $50 (we only do that
once a year), we want to round the payouts to multiple of $10.
And of course, the total payout must exactly equal the total amount in
the kitty (# players * buyin).
I can send the spreadsheet with what I have so far if anyone wants to
look at it.