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Tournament Poker:
Money Management:
Multi-table Limit Tournaments
I'm not a huge fan of multi-table limit tournaments; I personally think there is too much luck involved. Nevertheless, the Party Poker Million and Empire Poker Crown Tournament have increased the popularity of these tournaments. To succeed at these tournaments requires a slight change in strategy from your usual limit game.
The most fundamental change to your gameplay involves the 'gap' concept. Mid-way and later through limit tournaments, you must change your style of play from simply trying to get the best of it (winning money in the long run) to just winning pots. Instead of pot odds being your guiding force, you just want to straight up win the pots you play. Since the blinds are so large, you do not want much competition, as a simple blind steal will help your position tremendously.
You should begin playing hands that will just likely win. Flush draws and straight draws lose a tremendous amount in value and high and mid pocket pairs soar. AK and AQ also go up in value because they have most other hands dominated (e.g. AK vs. AT or AQ vs. KQ). Late in limit tournaments, you want to avoid heavy conflicts with dominated hands (i.e. you don't want to have AJ against his AK even though he will pay off nicely if AJ is on board).
In order to conform to this strategy, you must do two things.
First, if the mood is tight, you should be more willing to go in
on marginal hands just in order to steal the blinds. Always,
always raise preflop with these hands. If you are two off the
button with A
9
,
you should consider raising to steal the blinds. However, the
second change you should make is to avoid conflict. If someone
has already raised, you certainly should chunk that A9 if you
are one off the button. The underlying concept here again is
dominating hands: you want your opponents to fold because they
are afraid they are dominated and you want to fold if you may be
dominated. If you raise with A
9
,
someone with AT certainly will consider folding because they are
afraid you have AJ, AQ, or AK and thus have them dominated.
Now, what if you are dealt a premium hand like
K
K
and someone has raised? There's no way you can chunk this hand
preflop; what are the chances he has AA? In this situation, you
should reraise to knock people out. Raising and lots of
reraising is the key; you want to send the opposition the
message that you are challenging him for all of his chips if he
plays against you in this hand. When you are dealt a big gun
like K
K
,
you want to make your stand.
Obviously throughout all of this, you should take into
consideration the strength of your opponents. Good players
understand the 'gap' concept and will fold if they have
borderline hands like A
10
.
However, bad players will simply call. Bad players play their
hand; good players play their hand relative to other people's
hands. If you see the flop with a bad player, he will most
likely fold if you bet and he has not hit and will call you to
the river if he has. A good player knows that if he has
A
10
and there is an Ace on the flop, he may be finished because of
kicker. A bad player is just happy he has top pair.