2015 WSOP Player of Year formula = JOKE
The WSOP entered a marketing partnership this year with the Global Poker Index (GPI), in order to compute the winner of this year's Player of the Year (POY) race.
On the surface, this sounds great. Why not farm out the Player of the Year duties to experts in computing poker rankings?
However, this has already proven to be a disaster. GPI's formula is horribly flawed, and will result in laughably lopsided points being awarded in certain situations instead of others.
Some of you might know Jess Welman. She is a longtime poker media figure, and while I don't know her well, she seems pretty bright.
http://media.cardplayer.com/assets/p...man_Large_.JPG
She worked for the WSOP at one point, and in fact worked at the final table I made at 2013.
Anyway, as someone who was tasked to deal with the Player of the Year race in the past, she is completely disgusted by this failsystem, and wrote a blog describing all of its problems:
http://jesswelman.tumblr.com/post/11...8/poy-problems
She posed 10 hypothetical FAILS of this new system, using the field numbers from 2014 as if they duplicated in 2015 for her calculations:
(I bolded the most egregious ones.)
Quote:
1. If you min-cash the Main Event in 1,000th place, you will earn 98.45 points. If you win the $500+$65 buy-in Colossus, you get 101.7 points.
2. Three seventh place finishes in $10,000 events with fields of 150 players will earn you just over 900 points. Winning three $1,000 NLHE bracelets in fields of 3,000 earns you 711 points, which isn’t even enough to put you ahead of the Main Event Champion, who gets 782.81 points.
3. Winning the $50,000 Poker Players Championship (PPC) is worth 554.4 points. Tenth place in the Main Event is worth 554.68 points.
4. Winning the $111,111 One Drop High Roller nets you 612.78 points. Min-cashing three $10K non-hold'em events will earn you about the same amount.
5. Winning the $5,000 Six-Handed NLHE event earns you 492.67 points. Coming in second earns you 438.41 points. In most events, it appears the percentage difference between first and second place points is ~9%.
6. If you combined the points of every $1,000 and $1,500 straight NLHE event last year (14 events total), they would have earned 3,961.51 points. If you combined the points earned by the second place finishers in each of the seven $10,000 non-hold'em events, they would have earned 3,025.17. That is 76% of the points for half of the events WITHOUT winning a bracelet. Second place in a $10,000 event earns anywhere from 40 to almost 200 points more than any of those NLHE victories.
7. Win Colossus w/ 20,000 entries, you get 101.7 points. Win a $1,000 NLHE event w/ 2,000 entries, you get 228 points.
8. Say you win Colossus, Little One, Monster Stack, and Milly Maker. That is 1,004.38 points. If you win the One Drop High Roller and take 50th in the Main Event, you’ll earn 1,008.44.
9. The most points someone winning a $1,500 NLHE event can earn is 333.14. That is equivalent to 93rd in the Main Event. The most points someone winning a $1,000 NLHE event can earn is 237.03. That is roughly equivalent to 247th place in the Main Event.
10. Min-cashes in the One Drop High Roller and Poker Players Championship are worth 231.82 and 238.06 points respectively. In many events, that is more than the winner will earn.
So, as you can see, this puts WAY too much value on big buyin events, and way too LITTLE value on huge-field, smaller buyin events!
Min-cashing the Main Event will earn you about the same number of points as WINNING the massive-field Colossus! WHAT?!?!
So basically this formula is allowing people to "buy" POY by simply cashing in multiple big-buyin events, while those really pulling off amazing feats (such as winning two or more large or medium field $500/$1000/$1500 events) will not even come close to POY.
In what universe was this formula believed to be an intelligent solution?
I hope the WSOP comes to their senses and modifies this. It's honestly the worst POY system I've ever seen.
:fail
