casinos online
The winners of the casinos online won all the chips, so why shouldn’t they
keep all the money? Can you imagine playing in a regular poker game, winning all
the chips on the table and not being to cash them out without giving most of
them back to the players you won them from? Well, that’s what happens at the
most common form of poker tournament today – the kind where first place gets to
keep only 40 percent or less.
What It Means
Conceptually, this means that first place is punished and all other close
finishers are rewarded. Think about it. And here’s what it means in terms of
strategy. It means that if you play to win first place, because you think you’re
the best poker player alive, you’ll probably lose money in the long run. You
might win lots of casinos online, but you’ll lose money!
In order to make the most profit along a many-tournament stretch, you’ve got to
be conservative. You’ve got to be inordinately selective about the hands you
play. You shouldn’t bet or raise with the same small edges you profited from in
regular poker games. (You can, however, bluff often if your opponents are timid
and afraid of being knocked out of the tournament.)
The way to make a profit in these casinos online is to survive. Simply survive.
If in trying to survive, you accidentally win first place, that’s fine. But,
mostly, you should not go out of your way to win the first-place trophy, because
the winner of the tournament is penalized. What?
You heard me. Your strategy should be a conservative one of survival, because
close finishers are rewarded and the winner is punished. No matter what others
tell you about playing aggressively and gathering chips early, ignore them.
Unless… Ignore them unless there’s a rebuy. In rebuy casinos online, where you
can go broke and buy again, you should not be unusually conservative until after
the opportunity to rebuy ends.
Another Gripe
But that brings us to another gripe of mine. I hate rebuy casinos online. The
whole object of a tournament is find a champion. Sure, there’s luck involved, so
the champion has to be lucky to outrun 200 other contestants on a given day. But
if he’s skillful and plays for first place, he’ll win far more than his share of
casinos online. Instead of winning one in 200, which is about typical, he may
win one in 100. That means (excluding the entry fee which is often added to the
buy-in) that he’s doubling his money in winner-take-all casinos online, or
earning a 100 percent return on investments. The very best players would
probably win about three times their “fair share.”
I said “would” win not “do” win. That’s because players have to decide whether
they want to sacrifice profit and play for the first-place trophy or go for full
profit and lean more toward survival and finishing close to first place. Tough
choice, especially if you’re an egomaniac like I am, interested in proving that
he’s the best. The only way to do that in proportional payout casinos online is
to sacrifice and lose money!
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