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Here's an example of why the $16s are profitable, check out this guy's chat:
PokerStars Game #6901657943: Tournament #35200054, $15+$1 Hold'em No Limit - Level VII (100/200) - 2006/11/05 - 06:50:57 (ET)
Table '35200054 1' 9-max Seat #1 is the button
Seat 1: skibbel (2750 in chips)
Seat 4: taipan168 (1855 in chips)
Seat 5: laxels1 (2735 in chips)
Seat 8: JOHNHIMPS (2045 in chips)
Seat 9: mattyrugby (4115 in chips)
skibbel: posts the ante 25
taipan168: posts the ante 25
laxels1: posts the ante 25
JOHNHIMPS: posts the ante 25
mattyrugby: posts the ante 25
taipan168: posts small blind 100
laxels1: posts big blind 200
*** HOLE CARDS ***
Dealt to taipan168 [7d 3c]
JOHNHIMPS: folds
mattyrugby: folds
skibbel: folds
taipan168: raises 1630 to 1830 and is all-in
laxels1: calls 1630
*** FLOP *** [8d 4s 7s]
mattyrugby said, "lol"
mattyrugby said, "nice"
*** TURN *** [8d 4s 7s] [Qc]
*** RIVER *** [8d 4s 7s Qc] [8s]
*** SHOW DOWN ***
taipan168: shows [7d 3c] (two pair, Eights and Sevens)
laxels1: shows [Ad Jd] (a pair of Eights)
laxels1 said, "baaaaah"
mattyrugby said, "lmao"
taipan168 collected 3785 from pot
mattyrugby said, "unreal"
mattyrugby said, "only on pokerstars"
*** SUMMARY ***
Total pot 3785 | Rake 0
Board [8d 4s 7s Qc 8s]
Seat 1: skibbel (button) folded before Flop (didn't bet)
Seat 4: taipan168 (small blind) showed [7d 3c] and won (3785) with two pair, Eights and Sevens
Seat 5: laxels1 (big blind) showed [Ad Jd] and lost with a pair of Eights
Seat 8: JOHNHIMPS folded before Flop (didn't bet)
Seat 9: mattyrugby folded before Flop (didn't bet)
JOHNHIMPS said, "yep"
laxels1 said, "mhm"
taipan168 said, "he was only 2:1 favourite"
mattyrugby said, "shut up.. you didnt know that before the hand donk"
mattyrugby said, "7 3 off"
mattyrugby said, "give me a break"
taipan168 said, "well then both he and I played well"
mattyrugby said, "lmao.. not even close donk"
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