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The Par Result
I have just upgraded my Handrecord Generator software to include a "Par" value in the analysis box. The designation represents what is known as Absolute Par, or the result of best bidding and card play by both sides. Par also can be thought of as the smallest minus by the weaker side.
If, for example, North-South can make a non-vulnerable game in a major, then their par is +420. On this occasion, however, East-West have a profitable sacrifice in a minor for down two, so they do that. Since N-S cannot make a 5-level contract, they can do no better than to accept the lesser score. Par becomes EW -300. Had E-W been vulnerable, the sacrifice would not have been profitable; so Par would be N-S +420.
During my program testing, I observed this interesting outcome on a printout:

Whoa! It says that Par is for North-South to give up 2000 points by sacrificing
over a contract of 7
, which
would have scored 2210 points. But sacrifice in what? N-S could not bid
8
, but they could bid
7
! East-West could
then cash five hearts, two diamonds and the ace of spaces, but that would leave the
offense with five tricks. That's down eight, for -2000!
It should be clear by now that Par will not always be achieved at the table.
In this case, it is likely that no one would dream of sacrificing over
7
. The Par designation
specifies only what could be done, not what will be done.
In the January 2012 ACBL Bulletin, a letter to the editor featured this memorable hand:
AKQJT876
—
—
AKQJ6
That was a spectacular hand indeed. At our recently completed local Sectional, however, we did even better:

Note that as the cards lay, East could make
7
, but West could be
defeated in that contract by an opening-lead club ruff. In the competition,
only two pairs played in hearts and took thirteen tricks; the others declared
7
or, believe it or not,
6
.
This deal is another good example of failing to achieve the Par result.
Any North-South pair could have earned an uncontested top on the board by sacrificing at
7
, for
-500! Even -800 would have
been fine; but it is likely that no North or South player seriously considered such
an action while looking at an ace.