Del.icio.us Digg FURL FaceBook Stumble Upon Reddit SlashDot Ask BlinkBits BlinkList Co.mments Delirious Feed Me Links Google Bookmarks Linkagogo Ma.gnolia MSN Live Netscape Netvouz Newsvine RawSugar Rojo Smarking Socializer Sphinn Spurl Squidoo Tailrank Technorati Yahoo My Web
Post Reply 
 
Thread Rating:
  • 1 Votes - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Live Poker Room 102--Tournaments
03-27-2009, 04:15 AM (This post was last modified: 04-15-2009 08:43 AM by AZDuffman.)
Post: #1
Live Poker Room 102--Tournaments
OK, another in the series. When you get to the poker room you might elect to play in a tournament instead of a cash game. There are several reasons you might want to do this:

1. You can many times play in a tournament for less money than the $100 needed to be serious in a cash game.

2. You can win more in a tournament in relation to your buyin.

3. They are fun! You can pretend ESPN is covering it if you like.

4. You know exactly what you will risk going in and have to play aggressively to make anything back. This gives some people more of a rush.

OK, so you decided to play a tournament vs a ring game. First you need to see if there is an actual tournament starting! The poker room will have a schedule posted near the entrance for you. The casino website should also have a list. Finally, some poker newspapers list tournaments at the bigger casinos. I'd put the "reliability" of information in this order. Of course you can also call to confirm. But the last thing you want to do is go all hyped to play a tournament and there are none going.

Next thing to know is the buy-in. You will see tournaments listed as two or three numbers. For example it may say $50/20/15. In this case $50 is the "buy-in." That does not mean you get to play for $50! It means for every player $50 goes in the prize pool. $20 is the entry fee, also called "vig" or "juice." That is what the casino gets for hosting the tournament. $15 is the "dealer appriciation chips." This is optional thought you should take it. In this case $15 goes to the dealers and you get more chips. At one Indian Casino I playes you got $1500 in chips for the buyin but $2000 extra for the "dealer add-on!" It is to your benefit to do this. Another point is if you win, you are less obligated to tip the dealers as this was already a tip. Up to you to decide on that.

Another consideration is if to do a "re-buy" tournament. In a re-buy if you bust out before a certain point, usually the first hour or two, you can "re-buy" in and your re-buy money hits the prize pool. I'm not big on re-buys given a choice but if you have deeper pockets you might want to. If your stack is small they will also usually let you re-buy at the break. This one is up to you.

OK, you bught in, taking my advice and buying dealer chip add-on. You will be assigned a table. Unlike a cash-game you will have ZERO choice here. You cannot "ask" to be moved. So take your seat and settle in. Blinds will start small.

Here is a key point. Most tournaments you will get involved in are what is called "fast." Blinds go up fast, unlike the WSOP which can take days. It is imperitive you know how long you will last if you just play "suited aces." Now, I know there is no such thing, but the point is you must decide if you can wait for the perfect hand before being blinded off.

At some point they will tel you they are going to "get the greens off the table." This means get the small chips off the table. They will color you up, and you put your odd chips in the center. They will deal you cards to see who gets that extra $100 in chips. The most you can lose is $75 this level. The same will happen later as blinds go up and there is no need for the small chips.

Another word on chips--chips are tournament speciffic so don't try and keep any for regular play. doing this will just make you look like an idiot.

As players are eliminated they will collapse tables. Someone will tap you and say, "time to move." They do this some random way and again, you have no choice. Ask for a rack and move. You could be in a situation where you post two BBs almost in a row, or you could get late position when you were due a BB. It is random, and it is virtually useless to complain about it. Doing so will make you look like a whiner and easier mark to the players so just sit down and post. This will even out over your career.

Play will continue like this until the "bubble." When the tournament is nearing the money, the floor people will play much closer attention. If it is a smaller casino it will be one table at this point so no big deal. If it is bigger they may have "hand for hand" play where all hands start at all tables at one time and wait for other tables to finish. Hand-for-hand will more likely happen online or at onlybigger tournaments so I wouldn't worry about it since it doesn't matter anyways.

At some point you will either be knocked out or finish in the money. If you are knocked out that is it, just go about your day. At the money there may be another break. The floorman may also ask if everyone wants to "chop" the pot. "Chopping" means just spliting the pot and quitting. This is decision-time! If stacks are about equal you might just want to chop as it is better on an "expected value" basis. But if you have a big stack and 1-2 player are short, then you may say "play on." You can chop again later but it would be more then! Or you can negotiate for an extra portion.

The important thing on chopping is it is not a democratic process. If even one player says, "play on" you all play on. No gray area.

And that is it for the beginner level. Hopefully you do not make some of the stupid mistakes I did learning. Though I did "money" in my first live tournament had I known more I might have done better.

Good Luck!
Find all posts by this user
Quote this message in a reply
03-31-2009, 06:58 AM
Post: #2
RE: Live Poker Room 102--Tournaments
This is an excellent guide for people wanting to play a live tournament Cool. Thanks!

Sorry for the late reply, I've stickied it as soon as I've read it but forgot to give feedback as I was multitasking at the time. Blush

"Depend on the rabbit's foot if you will, but remember it didn't work for the rabbit." - R. E. Shay
Find all posts by this user
Quote this message in a reply
03-31-2009, 07:40 AM
Post: #3
RE: Live Poker Room 102--Tournaments
(03-31-2009 06:58 AM)KillJoy Wrote:  This is an excellent guide for people wanting to play a live tournament Cool. Thanks!

Sorry for the late reply, I've stickied it as soon as I've read it but forgot to give feedback as I was multitasking at the time. Blush

No problem--I love talking poker. I will be quoted in an upcoming "Poker Player" magazine article!
Find all posts by this user
Quote this message in a reply
03-31-2009, 08:04 AM
Post: #4
RE: Live Poker Room 102--Tournaments
(03-31-2009 07:40 AM)AZDuffman Wrote:  I will be quoted in an upcoming "Poker Player" magazine article!

Really? Nice Cool.
On what are they quoting you?

"Depend on the rabbit's foot if you will, but remember it didn't work for the rabbit." - R. E. Shay
Find all posts by this user
Quote this message in a reply
03-31-2009, 08:11 AM
Post: #5
RE: Live Poker Room 102--Tournaments
(03-31-2009 08:04 AM)KillJoy Wrote:  
(03-31-2009 07:40 AM)AZDuffman Wrote:  I will be quoted in an upcoming "Poker Player" magazine article!

Really? Nice Cool.
On what are they quoting you?

I sent in my answer to one of those "yoube the floorman" type questions. The author said I was the only person who took the side of the issue I did. He also said he liked my thinking.

Now if that could translate into a job running a poker room maybe I'd really have something going!
Find all posts by this user
Quote this message in a reply
03-31-2009, 08:53 AM
Post: #6
RE: Live Poker Room 102--Tournaments
(03-31-2009 08:11 AM)AZDuffman Wrote:  I sent in my answer to one of those "yoube the floorman" type questions. The author said I was the only person who took the side of the issue I did. He also said he liked my thinking.

Judging by your posts here you got some great things to say and share!

(03-31-2009 08:11 AM)AZDuffman Wrote:  Now if that could translate into a job running a poker room maybe I'd really have something going!

That would be nice.
And who knows you may get a call one day for a job interview. Smile

"Depend on the rabbit's foot if you will, but remember it didn't work for the rabbit." - R. E. Shay
Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump: