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I Won $16k in a Poker Tournament

2 pointsby andytratt4 months ago

1 comment

zahlman4 months ago
&gt; and I didn&#x27;t realize how buying in for [10 or 20 big blinds] was to my immense disadvantage.<p>It&#x27;s not inherently a disadvantage for those who understand the consequences. When everyone else has bought in for a normal amount, they&#x27;ll open a wide range of hands that can be punished by an opponent with a stack of that size who has a good sense of what that range will be. (Although 30 or so might work better for this kind of strategy.)<p>The idea is to go all in (i.e., over the top of opening raises - which at a cash game are usually at least 3-4 big blinds; at a low stakes live table they could be quite a bit higher) with hands that have good preflop equity against that range. To adjust, other players are forced to tighten their ranges - otherwise they&#x27;ll be stuck opening and folding speculative hands, or doing worse by calling (people can be stubborn at low stakes, and fail to understand that a hand that&#x27;s playable with deep stacks is relative garbage all-in preflop). The shape of the range you shove all-in will be different; random Ax hands go up in value (you&#x27;re ahead of KQ and you have a blocker that makes it less likely for opener to have an Ace), while e.g. suited connectors go way down in value (you also can&#x27;t open them, because you can&#x27;t win big pots to make up for the times you don&#x27;t hit).<p>If the table doesn&#x27;t adjust, you keep exploiting it. To adjust, they have to tighten their ranges, and then you can hopefully steal more blinds. Either that or they reduce their opening raise size; if that leads to pots where multiple people committed against a small raise (or even all just limped in), you can punish by still shoving, but only with premium hands.<p>Of course, tournament poker does work differently; but if you&#x27;re short stacked relative to the rest of the table there, it&#x27;s not because of how you bought in, anyway.<p>&gt; I recommend it to all my friends and family as the only thing I&#x27;ll play in a casino. You are actively engaged in decision-making while competing against other players, as opposed to sadly pressing a gamble button with 49% - 51% probabilities the house has set against you.<p>It should be noted that the house does &quot;rake&quot; the pot at a casino cash game, and pays out less than the total buy-in for a tournament. It seems like a small fraction, but the variance in poker is wide enough that it&#x27;s very difficult to beat, especially at low stakes. (And those who have beat it over some period, may not have a sample size that actually provides good evidence of being able to do so consistently.)
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