Live Low Stakes Poker Tournament Strategy
- Live Low Stakes Poker Tournament Strategy Payout
- Live Low Stakes Poker Tournament Strategy Odds
- Live Low Stakes Poker Tournament Strategy 2019
- Live Low Stakes Poker Tournament Strategy Games
In reality, there really isn’t much bluffing in low stakes live cash games in Vegas, but that can all change if you’re playing a decent European player. Treat them on a case-by-case basis, but if they tell you playing is a big part of why they’ve made the trip, it’s often a sign they’ll be better than the average player in the game. This certainly includes the smallest, live low-stakes cash games, such as $1/$2 and $2/$5. But it can also include larger Vegas cash games and medium stakes online cash games. Low Stakes Tournament Strategy. So, I am thinking about entering a $50 buy in tournament at the local casino, just to start playing some live poker a little more. Small stakes online poker tournaments are fantastic fun.They can be frustrating at times — I'll give you that — but for the most part, it is difficult not to enjoy yourself while competing in one.
Everyday players are sitting down at the tables and consistently making fundamental mistakes because of lack of knowledge, misinformation or failing to maintain focus.
Even just a small strategical adjustment in poker can potentially save you a huge amount in the long run.
In this article we will point out some of the best live and online poker tournament strategy tips you can use to improve your game as quickly as possible.
Tip 1: Play The Right Starting Hands
Whether it be lack of patience, or an unfamiliarity with opening ranges, many tournament poker players still open too wide. This is especially true when it comes to early and middle position opens, where there are still many opponents left to act behind who can be dealt a strong hand.
The problem is when called, wide openers are often at a range disadvantage. Often being dominated by their opponents, they are vulnerable to 3 bets since they frequently won't have a holding strong enough to continue under pressure.
Furthermore, although opening a hand like 7 ♠ 5♠ might at times not be a terrible strategy from early or middle position, speculative hands like suited connectors and gappers, as well as small pairs, work best with deep stacks behind.
These speculative hand types infrequently connect strongly with the flop, so those times they do you want to have deep stakes behind to have the potential to win a huge pot. Modern day tournament structures often only see deep stack play occur during the first few levels of play. This leads us into the next tournament poker tip, being stack size aware.
Learn which hands to open raise in MTT's - Watch lesson 6.1 from the Road to Success MTT Course. A power-packed 50 minute video below, just use one of the button options to unlock it and get instant access.
Tip 2: Be Stack Size Aware
Effective stack size plays a critical role in a tournament players success.
Having a deep stack, and therefore expanding an opening range to include a lot of speculative suited hands and small pairs is a tournament strategy that is going to be punished if a number of short stacks are yet to act behind. This most notably occurs in turbo tournaments where the average stack size is quite short.
Short stacks will be in push-or-fold mode. Being short, they don't have time to wait and will be looking to take any opportunity they can to move all-in. This high rate of all-ins will leave wide openers frequently being forced to relinquish their hands, without even having the opportunity to try to hit a nice flop. Problematic hands often include; J8s , KTo and weak Ax hands.
It's not just short-stacks that can cause a problem, aggressive players will be looking to attack wide-openers. This is especially true when a player opens with a vulnerable M8-M14 (20bb-35bb) stack. 3 bets get good leverage against this stack size, since continuing in the pot represents committing a significant portion of a players stack.
Wide openers would be wise not to commit a large percentage of their stack with marginal holdings, and so will be forced to fold, or face being in a high-risk situation. Staying aware of your own stacks utility, as well as anticipating how opponents will utilize their stacks, is an important tournament poker tip to keep in mind.
POKER TIP: If you are currently using BB to calculate stack size, here's a look at why using 'M' is a better MTT strategy.
Tip 3: Be Careful Overplaying In The Early Stages
As a stack gets deeper, the less willing a competent player will be to put their entire stack at risk since they have more to lose. It's rare to see good players all-in during the early stages of a tournament with hands like AKo or JJ preflop.
Smart players recognize that their counterparts aren't going to be risking their entire stack with weaker hands like AQo . Therefore, even a strong hand like AK could be at a significant equity disadvantage facing a deep stacked opponents all-in range. Could you fold QQ here?
Rather than putting in an extra raise, often times just calling with even very strong hands in the early stage of a poker tournament has great benefits.
- Allows your opponents to continue with hands they were folding to a re-raise that you have crushed.
- Disguises the strength of your hand and keeps you unpredictable.
- Prevents you from getting all-in facing a super strong range where often times you're crushed.
Tip 4: Continuation Bet Aggressively But Not Always
Players have learnt the value of c-betting, but it's a strategy that is often misapplied. Being the preflop aggressor shouldn't lead to a mandatory c-bet and double barrels.
This is especially true in multi-way pots yet players continue to make fruitless c-bets with weak holdings into multiple opponents.
Even in heads-up situations, key factors to consider include;
- How does the flop texture interact with players ranges?
- Who has the strongest range?
- Who has nut advantage (the biggest share of super strong hands)?
- How passive or aggressive is the opponent we're facing?
- How does the stack size/SPR allow us to operate on the flop and future streets?
The following hand illustrates the effect nut advantage can have on profitable continuation betting and how it applies to this tournament poker tip:
Tip 5: Be ICM Aware
The Independent Chip Model or ICM, is a great model players use to make more profitable decisions when deep in a tournament and especially at a final table.
Unlike in cash games, chip values fluctuate depending on the stage of the tournament and the competing opponents stack sizes. At it's most extreme, ICM strategy can make A♠A♣: an easy fold preflop.
Imagine a situation in a satellite where 9 players get a World Series of Poker entry and there's 10 remaining. The action folds around to a player with 100,000 in tournament chips who moves all in from the small blind. You're sitting in the big blind with A♠A♣: and also 100,000 in chips. You look around and see a few opponents with only 1000 chips left, which is the size of the current big blind. Obviously one of these short stacks is likely to bust very soon.
Obviously one of these short stacks is likely to bust very soon. Moreover the chance that they collectively out survive your 100,000 stack is extremely remote. You'd likely be a 99% chance to get a WSOP entry, so why would you call with your A♠A♣ and risk busting next around 20% of the time?
Aside from calling too wide in spots when the most profitable strategy is to proceed tightly, the opposite can also be true when it comes to pressuring your opponents. ICM allows players when they have the opportunity to assert pressure on there opponents stacks, to go ahead and do so liberally, since thinking opponents counter-strategy is to play a tight range of hands.
Here's an example of how drastically a hand range can change when the opportunity to assert pressure at a final table exists. 5 of the 6 remaining players at the Pokerstars Sunday Millions have 15bb's, whilst the UTG player has a short 2bb stack. Since the 15bb stacks wants to avoid busting out next and missing out on a large pay jump before the immanent bust out of the 2bb stack, the small blind can adjust their all-in range. Instead of the profitably 57% all-in range in normal play, they can move all-in with 100% of hands to apply pressure on the big blind.
Whilst the big blind should adjust their calling range from the regular 36% to just 10% of hands to account for the ICM effect in play.
The PokerNerve Road to Success course teaches players how to master ICM situations, which is key to tournament poker success since ICM comes into play as the prizes become significant. If there was only one tournament poker tip that you take away from this article, it's that you need to know ICM!
Tip 6: Bet The Appropriate Size
Strong players are capitalizing on their opponents tendencies to bet too big or too small in a number of different situations. With some similar considerations to that of continuation betting, when selecting a bet size important aspects include;
- Which player's range does the board texture favor?
- Who has the greatest nut saturation?
- How does SPR influence our betting strategy
There are many great articles online about bet sizing. You should be sure to check out ThePokerBank's and the Pokerology's to learn more about this tournament tip.
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Tip 7: Take Equity Realization Into Account
Possibly due to the popularity growth of Twitch, many poker players approach to big blind play has evolved. The current trend is to defend the big blind with virtually any 2 cards, as some top pros elect to do, and the justification for this is taking advantage of the excellent pot odds being offered.
While the inclusion of antes combined with commonly seeing a small open raise size does offer the big blind generous pot odds, this has led to a fundamental flaw in the way many players approach big blind play in poker tournaments. The key concept overlooked, is equity realization.
Equity realization reflects a players ability to take a certain hand, and win their share of the pot, frequently enough, to make it profitable in the long-term. Although some top pros have the ability to win their equity share of the pot even out of position, less skilled players rarely do. This leads to a large chip loss in the long run.
It is quite difficult to realize of your equity when out of position, with no initiative and a weak range. This means them glorious odds you are being offered aren't quite as good as you think!
The following article explains this crucial tournament poker tip in more detail; Equity Realization.
Tip 8: Don't Miss Double And Triple Barrel Opportunities
'One and done' is the plight of many aspiring tournament poker players. Everyday at the tables I see players missing profitable opportunities to double, or even triple barrel. Understanding what turn and river cards are advantageous to a players range, along with opponent tendencies, are crucial parts of a winning barreling formula.
The most common scenario at the table, is a heads-up pot where the big blind calls an open-raise. And this happens to be a great spot to barrel. Big blind defenders have a wide range, and it's important to pressure this wide range, especially on only partially connected board textures with one or multiple high cards.
RedChipPoker has a great article on spotting profitable double barrel opportunities which you can read here: THE +EV DOUBLE BARREL GUIDE
Tip 9: Check-Raise More Flops
The biggest difference between the current tournament population, and the future generation, will likely be their approach to check-raising the flop. This opportunity typically occurs in a heads-up pot, after defending the big blind verse an opponents raise.
Currently, MTT players only check-raise the flop in this situation around 7-8% of the time, when closer to 20% is a more optimal strategy. On certain flop textures, check-raising close to 25% of the time is an extremely profitable strategy. And if players are getting out of line with their c-bets, then check-raising at an even higher frequency could be a profitable exploit.
By giving up too easily on a wide range of board textures, or taking a more passive approach and simply calling, c-betting can be done with reckless abandon. However, by selecting a nice mix of check-raising hands, combining some strong hands with some good semi-bluffing candidates, a check-raiser can become tricky to play against and exploit the average players tendency to over c-bet.
POKER TIP: Applied correctly and check-raising becomes a super powerful weapon in your arsenal leading to more profitable poker results. But also think beyond the flop, there's plenty of check-raising opportunities you may be missing. This video demonstrates an interesting turn check-raise situation.
We discuss check raising strategy in more detail in our post over on unfeltedpoker.com.
Tip 10: Develop A Good 3betting Strategy
Whilst 3 betting aggressively is a strategy many players employ, especially in online poker circles, failure to apply optimal 3 betting strategies has certainly led to a lot of spewy poker. Simply attacking opponents who are suspected of opening wide doesn't cut it in the modern poker world.
Players have learnt to deal with 3 bets more profitably, by mixing in some calls with timely 4 bets. Moreover, the role stack size plays when it comes to 3 betting it still largely misunderstood by much of the poker community.
Sure there are certain stack sizes where 3 bets gain a lot of leverage, but how about the role blockers play? And when is 9♦7♦ a better 3 bet candidate than K♦T♠ ? These are just some of the considerations when it comes to a profitable 3 betting strategy. See how to design strong 3betting ranges in this article by Donkr.
Bonus Poker Strategy Tip: Avoid and Deal with Downswings
As a poker player you want to earn your money as easily and as stress-free as possible right? Well, understanding ROI, variance and bankroll management can help (see TopPokerValue's article on bankroll management).
All poker players at some point experience downswings. In some cases, this can affect their play, volume or state of mind.
You'll be miserable, hating poker, playing less and earning less per tournament as your play will suffer.
Along with finding ways that work for you to keep a positive mindset, taking pro-active steps can help keep you confident by knowing you are dealing with the situation like a professional whilst at the same time taking positive action to get back on track and winning.
What is ROI and variance?
Every tournament you enter has an EV associated with it. So if you enter a $10 tourney, as a good player maybe you have a 30% ROI, so you make $3. So it doesn't matter whether you brick that tourney or win it for $5000, you make $3 in the long run.
Now, of course, you don't make $3 each time. 80-85% of the time you lose that $10, some percentage of the time you win a little bit, and some very small percentage of the time you win a lot. How small those ‘small percentages’ are primarily depends on not only your skill edge, but also the field size which is an extremely important concept that is often ignored.
Variance is a factor of two things:
1) Your edge
2) The field size
Example 1)
You play the Hot $55 which has $30K guaranteed, every day for a year on Pokerstars. It has 1600 runners and you have a 5% ROI, because turbo ROIs are small. Your average yearly profit is $605 however you will lose money on the year 55% of the time.
Example 2)
You play a $20 tourney with $3K guaranteed on a softer site every day for a year. It has 200 runners and you have a 30% ROI, because it's a normal speed tourney and you’re against an easier field. Your average yearly profit is $2400 and in this case you lose money only 12% of the time.
A lot of people would look at those two tournaments and make a decision based on the buy-in and 1st place prize money as to which was better to play, and it would be grossly wrong. Once you accept all the above, you realise that the 'up top' number is largely meaningless.
Yes, on the same site bigger fields may mean a lot of fish have registered to play, but you'll find a lot of small field, soft, non-peak hour tournaments have a great pro-to-fish ratio and hence are great value. Of course once you consider other sites that have smaller fields, you'll often find they are a better choice than what might be running on Pokerstars.
So what can you do?
When players start losing money and along with that, confidence, not only does their game deteriorate but they often compound that problem by failing to make rational decisions. Often losing players, or players on a downswing, go 'bink chasing' and decide to take a shot to win all their money back in one tourney. Or load up some quick $82 hyper-turbos to try to turn it all around quickly.
People get overly fixated on what's 'up top' and wanting to score big in one tournament. That’s a sure-fire strategy to fuel a down swing. If your house got knocked down would you try to slap it back up in a week? Take that opportunity to rebuild a better, stronger house.
Make sure you're adding in some study and keep focused (see Sky's Matsuhashi How To Study Poker series), and stay fresh and positive as you approach each session. Be smart and get back into profit quicker instead of enduring a 6-12 month variance rollercoaster!
Closing Words On Tournament Poker Tips
Poker is a multi-faceted game which makes it fun but challenging. Challenge yourself to factor in the relevant concepts, and make more profitable decisions. Tighten up from the big blind, and in general around the table. This tip often quickly improves a new players results, or those that have a got a little sloppy with their play.
Calculate stack size using 'M'. Always be aware of your own, and your opponents stack sizes so you don't get yourself caught in awkward situations. One awkward situation that often comes up is when you hold an overpair to the board and an opponent puts the heat on you. Don't be afraid to make big lay downs to preserve your stack, especially in the early levels.
Be aware of your cbetting frequency. There's no need to waste tournament poker chips cbetting every time, especially when the pot is multi-way. Pick your spots to make profitable plays. Remember when it comes to the final table, regularly profitable playing ranges might alter due to the payouts. ICM is the key when it comes to those final big decisions.
Live Low Stakes Poker Tournament Strategy Payout
Another key to success is knowing when to fire multiple bullets at your opponents. Barreling, especially against a wide big blind range can really help increase your non-showdown winnings. Finding ways to accumulate chips without always having the best hand is what top players do. This is why check-raising and having a good 3 betting strategy is so important. Correct use of these strategical concepts and the other tips outlines will get you winning more at the tables.
Now that you've acquired some great holdem tournament strategy tips to help you achieve MTT success, go out there an implement them!
One of the quickest way to improve your poker game is to take on a poker coaching, a course or join a poker training site; if that is something that interests you be sure to check out the PokerNerve road to Success Course for some advanced poker tournament strategy or you can check out HowToPlayPokerInfo's guide on poker training & poker courses to find the right option for you.
Any other poker tournament strategy tips? Leave them below in the comments, we would love to hear them!
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Small stakes online poker tournaments are fantastic fun. They can be frustrating at times — I'll give you that — but for the most part, it is difficult not to enjoy yourself while competing in one.
They are also potentially lucrative beasts, not least because they tend to attract players in droves.
On some sites — in particular GGPoker and partypoker — tournaments with buy-ins as small as $1-$10 may see several thousand hopefuls take to the virtual felt in the hope of turning their tiny investments into much more meaningful sums.
As you can imagine, the majority of these huge fields are populated with recreational players and therefore the standard of play is, as a rule, very poor.
That's not to say navigating your way through the crowds and winning one of these things is an easy task, because it isn't.
In other words, don't think you're going to deposit $200 online, play a bunch of these online poker tournaments, and suddenly be rolling in cash like Scrooge McDuck in Ducktails.
It's not going to happen.
What is going to happen, or what should happen, is that you continue reading this article — and others you find in the Strategy section — and once you've armed yourself with the weapons of knowledge, you go out there and apply that learning to do more than just enjoy these tournaments, but to profit from them as well.
Here are five tips designed to help you both prepare for and find success in small stakes online tourneys.
1. Be Prepared for a Long Session
Most of these low buy-in, big field tournaments take several hours to complete, so you need to be prepared to play for a long time.
Be patient as always, but also be ready for a lengthy grind should you go deep in the event.
I've been fortunate enough to chop the $3.30 rebuy on PokerStars twice. On both occasions, the tournament started at around 7:00 p.m and we finished at 6:30 a.m.
This is all well and good if you are a poker pro who can sleep the next day, but you have to take into consideration work commitments if you have a job.
Know what you're potentially getting yourself into when registering for these events.
This tip to beat online poke tournaments does not apply only to low-stake events. As you can see on our Sunday Million strategy guide, also pros like Arlie Shaban and Felix Schneiders advise all players to master the art of being patient.
That said, not every tournament is a 12-hour commitment. All poker sites have a calendar that features also much quicker online tournaments where you can have fun and win meaningful sums.
These are the top sites to play online poker tournaments in 2020:
Poker Site | US Players | See Tournament Schedule |
---|---|---|
WSOP Poker | Yes | See Tournament Schedule |
PokerStars NJ | NJ Only | See Tournament Schedule |
GGpoker | No | See Tournament Schedule |
Partypoker | No | See Tournament Schedule |
Unibet Poker | No | See Tournament Schedule |
PokerStars | No | See Tournament Schedule |
888poker | No | See Tournament Schedule |
2. Be Prepared For Some Crazy Swings
The variance in small stakes poker tournaments is huge because of the sheer number of opponents you have to get through and the fact many of these opponents can be nearly impossible to put on a hand.
Also of significance when playing against a large field full of recreational players is the possibility of players calling your raises — even your all-in ones — with some ridiculous holdings, adding further to the unpredictability of outcomes.
While this situation is very favorable in the long run, over the short term you can often find yourself running worse than you ever thought possible.
Make sure therefore you have an ample bankroll to fall back on when times are hard — something in the range of 200-300 times of your average buy-in (I'd recommend).
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3. Keep it Simple and Value Bet Your Hands to the Max
DO NOT try to run an elaborate bluff at any stage of the tournament because it will only lead to tears of sorrow.
A lot of your opponents only care what cards they have in their hand and won't realize from your actions that you're representing a specific hand — they just want to get to showdown and hopefully win.
More often than not in these events you will want to keep matters simple, playing 'ABC poker' and letting the cards fall how they will.
Along the same lines, make sure you get the maximum value from your made hands.
Higher-stakes tournament grinders may routinely fire 1/3 pot-sized bets at their opponents, but that's because it is more difficult to get paid off at those stakes.
At the lower end of the spectrum, you can get away with betting more. Because so many of your opponents will love to call your bets, you may as well take advantage with your strong holdings.
4. Listen to the Betting / Prepare to Lay Down Some Big Hands
How often have you heard poker players bemoan their luck and come out with some rubbish such as 'I can't beat these donkeys, they always hit the nuts on the river.'
What they don't tell you is that 'these donkeys' often play their hands in a manner that allows you to get away from pots should you need to.
Live Low Stakes Poker Tournament Strategy Odds
For example, if a weak player has limp-called preflop, called the flop, called on the turn, and then leads into you on the river when the flush comes in, guess what?
That player almost certainly has the flush.
The same is often true for raises on the river. Even if the only hand that beats you is , if an obviously weak player raises you on the river, you have to consider that he or she probably has !
5. Don't Worry About Playing a 'Balanced Style'
If someone tells you that you have to play a 'balanced style' of poker in large-field small stakes poker tournaments, laugh and walk away.
While you have to do this higher up the poker food chain, you are highly unlikely to come up against the same players ever again in a field of 3,000-10,000 foes, so you can be as unbalanced as you wish.
Live Low Stakes Poker Tournament Strategy 2019
That means not worrying so much about not revealing certain patterns with your play, such as always betting big with strong hands.
While against stronger opponents you should balance your play by varying your bets and actions so as not to be read so easily, against large fields of less skilled opponents this isn't as great of a concern.
Obviously, the five tips above are not all you need to be successful in small stakes online tourneys, but they should at least help you in your quest to turn a little into a lot!
Live Low Stakes Poker Tournament Strategy Games
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