To become an expert you need to be able to balance many concepts, some of which occasionally contradict each other. In , the first edition of this text appeared. It is now a new century, and the authors have again moved the state of the art forward by adding over pages of new material, including an extensive section on "loose games," and an extensive section on "short-handed games. Some of the other ideas discussed in this 21st century edition include play on the first two cards, semi-bluffing, the free card, inducing bluffs, staying with a draw, playing when a pair flops, playing trash hands, desperation bets, playing in wild games, reading hands, psychology, and much more. This is called pot odds. While this does give an indication of what is correct, pot odds should be adjusted based on the expected future action of your opponents.
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Tournament poker is different from standard ring game poker. While they might appear the same from a distance, there are many differences in proper strategy that are often unknown to many experienced cash game players. Some people excel at tournament poker. This is not luck. These are players who have an advanced understanding of what the proper strategy adjustments are, and when they come into play.
It is no coincidence that the same competitors make it to the final tables far more than their fair share. This book explains tournament strategies that only a small number of players have mastered. Because he plays so terribly, you can almost guarantee yourself a win by grinding him out, and taking no chances.
You might be able to steal lots of antes, get him to call you on the end when he has no chance, and do other things to almost ensure a win. Because of that, you choose to stay away from big pots where you are only a small favorite. By playing this way, you estimate that you have a 90 percent chance of winning the freezeout.
Suppose you estimated that this strategy reduced your chances of winning the freezeout to 75 percent? But suppose that playing this way meant the typical freezeout only took two hours, as opposed to five? There is no definitive answer. It depends on a few different things, the most important of which is, what are those saved hours worth to you?
If you would have spent them idly, you probably would prefer to make more money at a lower hourly rate. On the other hand, if you had an opportunity to make money during those three hours, the situation is different. Another time where you would opt to play the shorter, though less profitable freezeout, would be when you knew that you could play more than one freezeout with this guy. You also would be more likely to keep him coming back, since he would quit sooner if you were winning 90 percent of the matches.
There is, however, one other possible reason to play the more conservative style. Namely, your bank roll. If you only have a few thousand dollars to your name, winning the freezeout is too important to take chances, and this is the situation for most people who play tournaments.
Unless there is a juicy sidegame, or perhaps a juicy satellite tournament that you know you could get into if you go broke in the tournament, there is little reason to be concerned about your hourly rate when playing tournaments.
The strategies recommended in this book assume that you would too. And it is yet another reason why avoiding slightly positive EV situations that can get you broke is the right thing to do.
This material appears with the express permission of the author and Two Plus Two Publishing. Other Books Written by David Sklansky.
Tournament Poker for Advanced Players
Tournament poker is different from standard ring game poker. While they might appear the same from a distance, there are many differences in proper strategy that are often unknown to many experienced cash game players. Some people excel at tournament poker. This is not luck. These are players who have an advanced understanding of what the proper strategy adjustments are, and when they come into play. It is no coincidence that the same competitors make it to the final tables far more than their fair share. This book explains tournament strategies that only a small number of players have mastered.
This is because the higher EV bet may be more likely to lose. This risk is often worth taking in a regular game, but not in a tournament. That is, you need a better hand to play against someone who has already opened the betting than you would need to open yourself. There is simply too great a chance that you will steal the blinds with a raise. That is totally wrong. In fact, if anything, the reverse is true.