dryfter: (Default)
Toby "dryfter" Wintermute ([personal profile] dryfter) wrote2007-10-31 10:58 pm
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Poker tournament 2

Went off and played another poker tournament.
I was a lot less nervous, and took a few more risks.. It seemed to pay off, because I managed to come FOURTH overall! (Out of 40-50 entrants)
Unfortunately, 4th place netted me... an official keyring. If I'd made it to three, at least I would have been taking home a few bottles of wine. Heh.

I doubt I'll get so lucky next time, but still, it makes me happy for now :)

PS. Thanks to Pete for some advice.

The thing I saw myself doing wrong a few times was that I was still folding when a player with 5x my stack was going all in.. even though I KNEW he probably had nothing, I kept folding rather than risk it.. He ended up going out before I did in the end, but it was someone else who took his huge stack, and meanwhile I'd been whittled down to next to nothing, and had to double up several times to come back.
All good fun, but I didn't realise how long it had been going on until I got home.. Took just over three and a quarter hours..

[identity profile] dogrando.livejournal.com 2007-11-01 03:43 pm (UTC)(link)
Congratulations!

I wouldn't say that folding in the circumstances you describe is always wrong. If he's got 5x your stack then your only choices are to fold or to go all in: if you do go all in, you'll probably double up (but remember that, assuming you're the only caller, he'll still have twice your stack afterwards), but you might have hit the one hand where he does have something (everyone must sometimes, and if he's playing crazy on every hand you may not be able to tell), or he might just get lucky on the turn or river... you have to decide whether you like the risk. If he has an outside straight draw on the flop, say, he has about an 18% chance of hitting it. In a cash game, or a rebuy stage of a tourno, you'd almost certainly take those odds to double up. In a knockout stage, you have to look at the game situation: how many other players there are, how your chip stack compares to everyone theirs, how they are all playing, how close you are to getting a worthwhile payout, etc. I guess that the basic question is that, assuming the mentalist is going to go out soon enough either way, do you need/want to take the risk of being eliminated by a bad beat in order to strengthen your position, or do you feel that your position is good enough already or that you can make progress more safely elsewhere.

It sounds like maybe (at least some of those times) you should have called. But it's not a given.