Sit N Go
7 Card Stud
The popularity of no-limit hold'em tournaments is booming. Fueled by the
World Series of Poker and the World Poker Tour, many people are intrigued by
these competitions and enter for a chance to win a 'big score.' In fact, most
no-limit hold'em is played in tournament form nowadays.
No-limit hold'em tournaments have crazy variance, more than no-limit ring games.
This is because all the money gets shoved in preflop on near coin-flip odds at
the end of the tournament. For example, AK versus a pocket pair is a very, very
common battle late in a no-limit tournament.
I'm not saying you shouldn't play no-limit tournaments, but please don't think
that these tournaments are all skill and no luck. The famous quote from the
movie Rounders, "The same five guys make it to the final table every year
at the WSOP," is the opposite of the truth. You must be lucky to win a
no-limit tournament because you must win more than your fair share of coin-flip
That's enough preaching about no-limit tournaments. In terms of strategy,
no-limit tournaments are very different from no-limit ring games. You simply
can't bluff as much because people's stacks tend to be smaller in relation to
the size of the pot. Also, since the amount of chips you win from a bluff is
worth less than the amount you stand to lose, bluffing loses a lot of 'value.'
Now, many of you may be confused. Suppose you bluff 1,000 chips at a 1,000 pot
and figure you have a 50-60% chance of taking it down. Many of you would think
it's worth it to take that risk. However, those 1,000 chips you win are worth
less than those 1,000 chips you stand to lose. If you have a 2,000 stack,
getting knocked down to 1,000 has much more negative value than the positive
value of getting up to 3,000. The 1,000 chips do not represent money. The only
monetary value in the tournament is either losing all of your chips or winning
them all (and losing them all is more important because you do get a prize if
you lose them all in the late stages of the tournament). Losing those 1,000
chips knocks you half the way out, but winning those 1,000 doesn't do squat for
This is not to imply that you can simply fold your way into the money. The
blinds will eat you alive. You must win pots so you don't get knocked out most
of the time. Towards the end of the tournament, you can think of winning pots to
win the whole tournament. However, most of the time you must win pots simply so
you don't lose!
Thus, in the early stages of the tournament, you should avoid gambling much.
Generally, the amount you win isn't worth the gamble. If you can see the flop
for cheap with a suited connector or someone goes all-in preflop and you have A A,
by all means go for it. However, I wouldn't suggest bluffing all-in. In the
early stages, you want to win a huge pot here and there because you hold the
nuts. Target a bad player and make him pay you off.
Towards the middle of the tournament, you need to switch gears. Since the blinds
get bigger, stealing the blinds will help you stay alive. Here, the 'gap'
concept becomes more important. It takes a much weaker hand than usual to raise
to steal the blind, but a stronger hand than usual to call a raise. The middle
rounds introduce the 'survival mode' concept.
Again, most of the time you will be looking just to survive and increase your
stack bit by bit in the middle rounds. You want to avoid confrontation without
the nuts and just take down some small pots without controversy.
However, if you are a large chip stack, you should take advantage of this
survival mode. Take control of the game by raising and frequently putting other
people at a decision for all of their chips. After all, if they go all-in,
they're risking it all but you aren't because you can lose the pot and still
keep on fighting. However, don't do this too much. Steal some pots, but don't be
so obvious that people will call you all-in with top or even second pair. Also,
don't do this against very bad players. They will call everything.
Towards the end of the tournament is when the coin-flip decisions become very
important. Frequently, the blinds are so high it makes sense for a player with a
low or moderate stack to go all-in preflop. Generally, when you go all-in you
want to have Ace and good kicker or a pocket pair. If you have Ace and good
kicker you are an advantage against all unpaired hands and may even have someone
dominated. If you have a pocket pair, you are a small advantage against all
unpaired hands and at a huge advantage or disadvantage against other pocket
pairs (depending on who has the bigger one).
Generally, if you have one of these marginal hands, it's best to just shove all
of your chips in preflop. When you are a low stack, you cannot afford to be
blinded away anymore. Once the flop comes, chances are it's not going to be
perfect. By shoving in all of your chips preflop, you have the added chance of
stealing the blinds and can avoid being bluffed out.