Posted 07 March 2005 - 01:04 AM
This is a very long post, over 1300 words, and it won't hurt my feelings if you don't want to read it. If you do read it, I welcome assenting or dissenting opinions, especially from Smash. From what I've read of his posts I really respect his opinion, but everyone is definitely welcome to comment. It's all about the system that I use in multi-table tournaments, with reasonable success. I'd love to get Daniel's opinion too, but I kinda doubt he'd have the patience for me since I know he's so busy. I've very much considered writing a book about this. Even if I couldn't get it published, then just for it to exist for me. This post focuses on surviving the first stage, and stealing blinds in the late stages. If I get enough positive responses I might explore other aspects within online multi-table tournaments. I also welcome opinions on my writing style, verbiage, and organization. I've spent literally hours proofreading and editing this. I truly welcome anyone's opinion, positive or negative, and my hope is that it helps someone out there win some money (just not off me :)I have made 8 final tables, (two wins, two 3rds), and cashed at about a 20% rate in multitable tournaments of over 400 people, usually in the 600-800 entrant range. I've probably entered between 75-100, and just from the two wins I'm still way ahead. To quote Knish, here's a playbook I've put together off my own bad beats. This is what I've learned about multitable tournaments from literally living off of them for the last 6 months.You do need a bigger than average bankroll. I buy into a poker website with enough to play exactly 10 tournaments of the stakes I prefer, in my case the 30+3. If I make a final table, I'll cash out my account back to $330 bucks, (and buy a TON of alcohol) but if I cash but not in a big way, I'll just let it ride.Next, you need to pick a structure on one website and become infinitely familiar with it. I prefer Partypoker, (screen name TJEckleburg) for a couple reasons.A) There is SOOOOOOO much dead money. I realize Partypoker's sit and go structure sucks, but keep in mind: at any given time Partypoker has about 4 times the players online as Pokerstars or anybody else. I would assume about 90% of the field has a 0% chance of coming in 1st because they make SO many mistakes either early on, or in the late stages. The intricacies inherent to tournament poker are subtle, but very VERY important.B) There's no ante. The blind structure isn't egregiously aggressive, and the lack of an ante really benefits disciplined players and people that are good at stealing. I've found that most opponents later on are either loose lucky huckles who destroy themsleves, or have survived only by playing uber-tight and aren't too problematic to steal from. As much as Negreanu hates it, I've specialized in steal/move-in poker, and I think to be successful in ONLINE tournaments, you need to, too.C) Partypoker tournaments are very predictable. In any normal tournament (where normal is defined as not their 200k+ guaranteeds, but with 1000 initial chips and 15 minute escalations), between a buyin of 20 dollars and 100 dollars, exactly half of the field plus or minus 3% will be knocked out at the end of the first hour (end of level 4). The jump in blinds after the break is effectively the most atrocious in the whole tournament, from 25-50 to 50-100. A great number of average stacks or shortstacks either get crippled or knocked out in the next two levels, as compared to the number of players left. For the 50-100 and 75-150 levels, you must play especially tight and let the field adjust. Losing a pot in this level can be devastating. The end of the 75-150 round, for most tournaments with 600-800 people, is where the strategy changes officially to The Middle Stage.Because of that, my one goal is to hit one double-up within the first hour. Aces, a set, flop a straight from the blind, draw to a nut flush, these are the best ways to double up in the first hour. That way, I have 2000 chips, and the average stack if half the field busts is double the initial stack. After that, for the rest of the first hour I play even tighter.Don't forget, the first hour is always the hardest to survive, and the last hour is always the hardest to play well, and ultimately will be the test as to how much money you'll make in tournaments.For the first hour:Squeaky tight. [I welcome opinions from successful tournament players who aren't this tight, especially Daniel Negreanu and his 6-4 offsuit]. Raise/reraise more than the pot with AA, KK, and QQ. With AA, KK, or QQ, seek to be all in preflop. Raise more than pot with AK, suited or unsuited, but do NOT reraise with AK early on. Play it from the flop as an unmade hand, unless you hit an A or a K, and then don't get cute with it.Limp with JJ in early position, raise cautiously in late position. No bones about it; hooks suck. Do NOT seek to be all in preflop early on with JJ, you're DEFINITELY racing or already behind. That means there's no difference between your JJ and 22, because that's exactly what you've turned them into. Along those lines, do not seek to be all in with AK early. You don't want to race early on. Limp with TT on down, from any position, and you can call reasonable raises, especially if you're getting the right price. No set, no bet, and don't get cute if you hit a set. You'll get paid off in the first hour. If you don't get paid off, then that's not a problem either. You have to have somebody else hit something of a hand to get paid off with a set anyway. Limp with suited aces in late position, not early position, and don't call a raise with it unless the odds are great. Remember that you need at least 2:1 implied on the flop with a NUT draw, and 4:1 implied on the turn. If you're shortstacked, shorthanded (not more than 3 way), and feeling froggy, pull a Brunson and push with outs on the flop.I still haven't figured out how to play AQ well, but play it cautiously [Please comment]. I believe it's too strong to fold, too weak to play hard, and too much of a trap if you're not really careful. I limp with it in early position during the middle to late stages of the tournament. I've decided AJo is unplayable in the first hour. I really hate that hand. KQs on down to Kx is also unplayable in the first hour. To quote a great poker player with questionable self control, Phil Hellmuth, "Millions of dollars are lost every year on king-high flushes." Hitting just an A and offsuit undercards that aren't two pair is NOT worth a bet or a raise for a suited ace, because you should assume you're already behind. You play a suited ace for one reason and one reason alone: a nut draw. Bet if it's checked to you, but don't call a raise.Suited connectors, face-face, these are all unplayable outside of the blinds for the first hour. They're just more trouble than their worth. Suited connectors are cash game hands because, simply, you can't afford the chips to draw at hands in tournaments. Sklansky sums it up best in Tournament Poker for Advanced Players: "Every chip you gain doesn't help you as much as every chip you lose hurts you." You cannot chase straights and flushes regularly in Tournament Poker, in my opinion.Most importantly, and personally my biggest weakness, is getting carried away from my blinds. Be careful with that, and ask yourself how you'd play the hand if you weren't in the blinds. If the answer is you wouldn't have played K-8 that way because you'd have folded it, then look for a reason to fold.If you run KK into AA or someone spikes a set on your overpair, shrug and pay it off. The hardest thing to accept about tournament poker (and even poker in general) is that there's no defense for an outdraw or an inescapable situation.Stealing blinds:Stealing blinds is not effective at least until the 7th or 8th level, 100-200 or 200-400 at the very earliest. You're risking too much to win too little at any blind level earlier than that.The middle to late stages of Partypoker tournaments become something of move-in poker, especially on the bubble. This is also DEFINITELY the most profitable time to steal. Pay attention to who's stealing and who's not defending.Blindstealing is an art, and few have mastered it. I certainly don't claim to have mastered it, but here's what I've discovered works. Blindstealing is most effective if YOU are an average-to-somewhat-big stack stealing from two other average stacks. Shortstacks in the blinds are too likely to push all in with a marginal holding, and you don't want to be in an all-in situation with a steal hand vs. a marginal hand, or worse, a premium hand. You'll just take a hit (eventually) and feel like a knucklehead. Big stacks are likely to call and see a flop. Furthermore, you don't want to tangle with people that have you covered if you can help it. Worse yet is the ever-present possibility that they have a hand. Middle stacks have the most to lose and play the tightest, but can still afford to fold some blinds to avoid committing their chips out of position on someone else's terms. This makes them prime blind-stealing targets.Similarly, stealing isn't as effective if you yourself are a big stack or a shortstack. Shortstacks have to push to steal, and you only need to be wrong or unfortunate once. Monster stacks are risking too much to win too little from their point of view. Risking 3 or 4 big blinds to win 1.5 big blinds when you have 30-40 big blinds just isn't worth it. Here are my rules about blindstealing:1) Don't EVER steal with rags. Only steal with a hand for which there is such a thing as a good flop. Besides a boat, there is no good flop for 83 or Q6. Suited aces, suited connectors or one-gappers, even offsuit connectors are fine to steal with. Make sure you've got a Plan B for the flop if you get called. 2) If you ARE caught, give it up unless you flop something nice. Lots of people will "just call" someone they've seen stealing with AA or something and check it to you to see how far you'll go with it. If you're called, you're probably in position on them, and the temptation to bluff is great. Don't get fancy and play straight up from there on out. Take the free cards they give you, and hopefully drown them in the river. This is how skilled tournament players put themselves in a position to get lucky and catch that miracle card in that crucial pot against that crucial opponent.3) Pick an amount to designate as your standard preflop raise. Changing your bets means there's a reason in your cards to change it, and that gives tells. I always do 3x, or a raise to 3000 in 500-1,000. Some of my most powerful cardrushes come from stealing two hands in a row at 3x, and then picking up AA and making it 3x. Heh heh heh, come on in, water's fine.4) Don't steal if someone limps. Ever.5) If you're not desperately shortstacked, as in if you have 6 or more big blinds left, don't push into tall stacks in late position with a small pocket pair. Yes, there's a good chance it's the best hand you'll see if you're really desperate, but you'll feel like a huge jack@$$ if you push with 55 and a monster stack in the big blind calls you with Q9 and wins a race. I've learned that one the hard way too many times.6) Stealing doesn't always have to be from the button. Late position, maybe even middle position if the table's tight enough. The stacks in the blinds are almost as important as your position from where you steal. Obviously, the farther off the button you are, the more dangerous a steal is. However, you can use that to your advantage because people give middle position raises a lot more credit for a hand than a button raise. Plus, this way you're not stealing from the same people. People get crazy and do stupid things if you've stolen their BB 3 rounds in a row.7) Don't get too greedy. If you've stolen one hand per round, you've earned yourself 10 free folds. Stealing one hand per round keeps you from losing money and gives you free chances to give yourself aces and double up. And, if you HAVE been stealing, nobody will give you credit for aces when you get them.I really hope somebody finds this helpful. Last but not least, the number one rule I have for tournament poker: "You can't win tournaments if you can't win races. All you can do is seek not to race." (Daniel Negreanu's opinion, which I do immensely respect, notwithstanding, because we're talking about online poker). Good luck, and may your aces and sets hold up!