Respectively, these are called Showdown (SD) earnings and non-showdown earnings. The lowest payouts are usually 1% of the total prize pool, which is basically like winning your entry fee back. If you go into the game as a NIT or a maniac and you remain one of those two things, then you lack creativity and deception. If there is no profitable action, you simply fold. But the number of places that pay a prize also matters. Specific hand types that tend to have strong implied odds are small pairs, suited connectors, and non-suited connectors. There are 2 different options available for this course. This is where position comes in. Course Content Introduction To Tournament Masterclass Tournament Structure Equity Pot Odds Ranges Equity + Pot Odds + Ranges ... Introduction To Tournament Masterclass Tournament Structure Equity Pot Odds Ranges Equity + Pot Odds + … The reason is that you are the one making a bet and can win the pot without having to see a showdown. If no one has bet or raised before you, steal those blinds as often as you can. But only 75 people enter the tournament, which means the casino only collected $50 X 75 entry fees, or $3750. In a cash poker game, the goal (especially at low limits) is often to wait for a good hand, a good flop and a bad opponent to pay you out. I recommend that you memorize these five common draws as they will allow you to navigate the vast majority of drawing situations you will face. Play The Right Starting Hands. Now, don’t worry. Now that you have a basic understanding of the object of poker, it’s time to start working toward using the basics to start building a workable strategy. And, just like on a multiple choice test, sometimes one or two of the choices are obviously really good or glaringly inferior. If they don’t get enough entrants to cover the size of the prize pool, you have a situation where you have a positive expectation just based on that extra amount of money in the prize pool. Some tournaments are winner-take-all, but those are the exceptions, not the rule. Before you can know how to successfully employ those tactics, you must first have a game plan, or strategy, that gives you the best chance of performing actions that achieve your ultimate goal: to win money. Once you understand the basic rules of Texas Hold’em gameplay, which we discussed in the first installment of this beginner’s guide, it’s time to dive into actually building a profitable strategy to employ at the tables. For simplicity’s sake, let’s say that, on average, you win $10 by the river when called, lose $10 by the river when raised, and win $2 when he folds to the bet on the flop. When deciding between one or more options, it is often necessary to understand how pot odds work. The individual result of one poker hand is not important. In others, you can buy more chips during the early stages of the tournament. Now think about this situation, or a similar one, occurring thousands of times over your poker career. Let’s say someone has open-raised before the flop, we hold KK, and action is on us. This concept affects each implied odds decision you will make and is the most important factor when deciding to continue without initiative. But when the blinds are up to $200/$400, you have no choice but to gamble with speculative hands. Let's begin with some foundational elements of any winning tournament poker strategy - clearly … But you’ll still need to play very aggressively. All actions should be made with winning in mind. They have no real dollar value except in proportion to the amount of equity you have in the prize pool. What I am talking about here is a focus on the long term. As the betting limits increase, the chips become more valuable. The dollar amounts might be $300, $200, $100, and $50, respectively. 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