I have been thinking about this for a while and need a bit of math help here.
Its a satellite that pays the top 25% (like a token frenzy). Starting stacks are $1500. Let say 140 play, so it pays 27.
There are 96 left. How may chips do you expect to need to be better than 27th when there are 27 left.
Asked another way, what is the average chip stack with 27 left? And what chips stack would you need to post and fold with 50 left?
I have been taking the 27th place chip and multiplying by the multiple of 27 players lift. So with 81 players left, I guess I need 27th place chips * 3. Is this a good quick formula or a fatally flawed one?