Wednesday, December 7, 2011

Seven Way Split - Kinda Silly

I played in the deep stack (20,000) at the Island Casino for the first time in months. If you make the final table you usually play until at least 11:30 p.m. and since I still work it's kind of a pain, but I figure I can do it once in awhile. They have also stopped the 25 minute dinner break, so that shortens things up a bit.

I did make the final table which was a miracle. In the first 20 minutes of the tournament I made 2 bad mistakes and lost more than half my chips. But I struggled valiantly and continued on. When we got down to 7 players with the blinds at 4,000-8,000, and sitting on a very short stack of just over 5 big blinds, I laughingly suggested a 7-way split. To my total amazement, 4 others wanted to do it. Two players (both fairly large chip stacks) declined so we played on. After about 2 more hands, they both agreed to chop as well.

I really didn't think the 7-way split ($336 total for each player) would occur, but I certainly wasn't going to argue when I was the short stack. They were only paying 3 spots at that point and cash in hand is better than nothing when my odds of cashing were extreme. After deducting $26 tip and $65 buy-in cost it was a $245 profit, which is more than I get in a lot of tournaments in which I take first or second. It was just under $50/hour too, which isn't bad at all.

What do you think? Would you make a split like this at 11:25 p.m. on a Tuesday night with 5 big blinds? I think you would.