(This article is a follow up to 'Bubble Tournament Strategy')
The only podcast dedicated to MTT strategy. The Tournament Poker Edge Podcast is the only poker podcast that is dedicated to MTT strategy. Each episode, your host Clayton Fletcher invites a rotating cast of TPE pros in to cover MTT strategy both in theory and in practice by going over hand histories. One of the most overlooked strategies for Texas Hold'em cash games comes before you even sit down at a table. Game selection is the process of choosing which game you're going to play. While this has some to do with which stakes you'll play, it has more to do with picking a table within those stakes.
The late stages of a tournament begins when the money bubble bursts, and ends when players reach the final table (or final few tables, if it is a really large tournament). Your play during this stage of the tournament should change drastically, as you have now made the money and have the opportunity to climb in the payouts.
During the late stages, blinds will be placing immense pressure on almost everyone's stack, save for the chip leader. Once again, the most important factor in determining your correct style of play is your stack size, so we have written guides for playing the late stages with a short stack, an average stack, and a large stack.
You can finally see the finish line, so make sure to follow the strategies below to reach the final table and win a huge pay day:
Playing the Short Stack in the Late Stages
At this stage in the game the short stack is actually the simplest stack to play, because you only have two moves: all-in or fold. A short stack is any stack that only has ten or less big blinds. You can only last one or two rounds without making a play, so you need to be on the lookout for opportunities every single hand.
Although you only have two plays, you can use them in strategic ways to build your chip stack. When you are in late position, you should be pushing all-in whenever the table folds to you in order to steal the blinds. Also, if a couple players limp in you can try a squeeze play by raising all-in with the hopes that everyone folds. And it goes without saying that you are pushing all-in with any pocket pair or any two face cards, regardless of position.
If you are in the small blind and everyone folds to you, you should be going all-in the majority of the time because the big blind is very likely to fold. By stealing in late position, occasionally squeezing, and stealing from the small blind, you can pad your stack and build back up to an average-sized stack.
Playing the Average Stack in the Late Stages
Playing an average stack during the late stages of a tournament is a lot more difficult than playing an average stack at the start of a tournament, because the enormous blinds and antes will place far more pressure on your stack. Players with an average stack can steal, re-steal, and squeeze, but should avoid going all-in from the small blind, as you don't need to do that yet. In addition, average stacks should look to get all-in preflop in favorable situations.
Playing coin flips against smaller stacks is a good opportunity to build your stack. Short stacks will push all-in with marginal hands, so you can make calls with a wide variety of hands and still be ahead. If a short stack pushes all in, feel free to call them down with any pocket pair, or any two big cards. You will almost always either be ahead or be in a coin flip situation, so it is a profitable move overall.
Playing the Big Stack in the Late Stages
Big stacks should follow a similar strategy to the middle stacks during the late stages: steal from late position, re-steal occasionally, squeeze when it is appropriate, and call all-ins when you think you are ahead. However, with a big chip stack you can do all of those things, but more aggressively.
Depending on how badly you need a big pay day, you can vary your aggression. If you want to go for the win and can afford to place outside of the final table, go with a super aggressive approach and try to become the overall chip leader of the tournament. If you really need a final table finish and don't want to take a risk, you can take a more passive approach that will guarantee you a nice score.
Regardless of your approach, you should never be limping in as the big stack - either fold or raise. If you are going to call another player's all-in, make sure that you can comfortably afford to lose the hand. If the other player has big chip stack you better have a solid hand, because you are basically gambling with your tournament life.
Now that you know how to play the late stages, learn how to play the final table.
More General Poker Tournament Strategy:
Some of the top professional poker players are able to
consistently win while playing both Texas holdem ring games and
tournaments. But most players focus on one or the other to
maximize their skills and chances for overall profit.
While the basic game and rules are the same, the strategy and
skill set is slightly different between the two types of play.
You need to learn how to be a winning Texas holdem player by
studying the rules, learning starting hand strengths, learning
about pot odds and other basics before you should start trying
to use the advanced tournament tactics on this page.
But once you're ready, the tips and tricks listed below can
help you transition from an average player to a consistent
winner.
Structure
In order to develop the best strategy for Texas holdem
tournament play you need to understand the structure of the
current tournament.
The structure includes the following details:
- How much it costs to buy in
- How many places get paid
- How many players are entered in the tournament
- The size of the starting chips stacks
- How big the blinds are and how often they go up
- How much each place gets paid once you get into the
money
How fast the blinds go up is one of the most important things
to keep an eye on. In tournaments where the blinds go up quickly
you're often forced to take more chances early to avoid getting
into a position where the blinds are too high in comparison to
your stack.
One way players track their progress is by figuring out how
many big blinds or total blinds they have. Once you reach a
point where you only have enough for a few circuits you need to
start looking for an opportunity to get all your money in the
pot for a chance to double up.
On the other hand, tournaments with large starting stacks in
comparison to the blinds and a slow blind structure let you sit
back and play a slower game.
Your playing style and preferences may help you do better in
a fast tournament or a slow tournament, or maybe at this point
you don't know. As you improve your skills you'll be able to
play both types.
on the current situation.
Of course structure can also refer to no limit, pot limit,
and limit play, but the majority of Texas holdem tournaments are
no limit. For this reason most of the advice on this page is
designed for no limit poker players. Most of the same concepts
are easily adapted to limit play.
Small Pots
Texas holdem tournaments are made up of pots of all sizes.
Many small pots are spread between the big ones where player
push their chips all in.
One mistake that many inexperienced tournament players make
is focusing on small pots. While it's true that many small pots
add up to the same amount as a big one, the amount you have to
risk is often not equal.
So to win
$1,000 you have to risk $1,000.
But in order to win a small pot you almost always have to
risk more than the amount you can win.
If you make a raise to steal the blinds you have to bet at
least twice the amount of the big blind, and usually more. So
you might have to bet $100 to win $45 in blinds.
Or you have to pay to see the flop and then fire a bet after
the flop. Even if everyone folds after the flop you risk a bet
half the size of the pot or higher.
From a simple risk versus reward ratio it often costs too
much in possible risk for the reward of a small pot in a
tournament. You have a limited number of chips and you only have
to lose a few of these situations before you end up losing more
than you hope to win.
You usually need to win some small pots along the way if you
hope to win a tournament, but you have to learn when to take a
shot at them and when to avoid the temptation of risking too
much.
You should only try to steal the blinds when you have a
decent hand that has a chance to win if it has to see the flop.
Hands like middle suited connectors and small pairs played from
late position when you're the first one in the pot can be
profitable. But remember that the blinds have the same chance to
land a big hand as you do.
Another situation where small pots can be worth going after
is against individual players. It's often hard to get a solid
read against opponents you don't know, but sometimes pots are
ripe for picking.
Almost any hand where no one raised pre flop that has a
non-threatening board is worth considering making an aggressive
wager. Often the first player to show aggression takes down the
pot.
Doubling Up
How many times do you need to double up to get into the money
or reach the final table?
In order to answer questions like these you have to break out
your math skills. Don't panic though. These are pretty simple
math problems, and you can use the calculator on your cell phone
to help.
It's simple to calculate the average chip stack needed to get
into the money or to reach any other point in the tournament.
Here's an example:
- If 100 players enter a tournament
- Rach player starts with $3,000 in chips
- The total amount of chips in play is $300,000.
The next thing you need to know is how many players get paid.
- When 15 players get paid, the average chip stack will be
$20,000 when you reach the money. - If 10 players get paid the average chip stack will be
$30,000 at that time.
You can use the same method to calculate the average stack
size for any tournament and or reaching any point in a
tournament.
It's the same simple process even if you're playing in a huge
tournament.
Here's an example:
- A tournament with 893 entrants pays out the top 80
entrants - Each player starts with $10,000 in chips.
You want to know what the average chip stack will be to get
into the money, to get in the top 20, the top 10, and the top 3.
The first thing you need to do is find out how much the total
amount of chips in play is. You multiply 893 entrant times
$10,000 each for a total of $8,930,000.
Then you divide this amount by the remaining number of
players at each point.
- $8,930,000 divided by 80 = $111,625
- $8,930,000 divided by 20 = $446,500
- $8,930,000 divided by 10 = $893,000
- $8,930,000 divided by 3 = $2,976,667
So why is this information important?
One of the key skills that winning Texas holdem tournament
players possess is the ability to understand where they are and
where they need to be at every point of the tournament.
If you know you need to double your starting chip stack eight
times to get in the money you might decide it's not worth
risking 25% of your stack fighting over the blinds that
represent 3% of your stack. I realize that for the most part
this is good advice in any situation, but risking too much too
many times is a sure way to an early exit from the tournament.
This information also gives you a solid idea of where your
stack needs to be to reach any point. In the example above with
893 entrants, you need to have around $100,000 to feel pretty
safe of being in the money. You need almost a million to feel
safe about reaching the final table.
Harm's Way
Most poker players have been taught that they need to get in
situations where they're the favorite to win. If you do this
over and over you'll win more than you lose in the long run.
But in Teas holdem tournaments there's a dark side to this
that you have to understand if you're going to be a long term
winner.
In a big tournament you'll be forced to put your tournament
life at risk numerous times. Of course you always want to enter
these situations as a favorite, but even if you do eventually
the odds will bite you.
If you get all in before the flop you're never a 100% lock to
win. Even pocket aces lose to any other random hand sometimes.
When you play pocket aces against a single opponent they win
around 85% of the time.
Do you see the problem with winning only 85% of your all in
decisions in a tournament?
Even with the best hand possible if you get all in 10 times
during a tournament the odds dictate that you're going to lose
between one and two times.
the tournament.
And the truth is that most of the time you're going to be
required to get all in as a smaller favorite than pocket aces.
So how does anyone win a Texas holdem tournament? Is it all
luck after all?
If you ask most players if they'd call an all in bet with A A
pre flop 10 times in their next tournament they'd quickly say
yes. And the truth is you have to be willing to do this because
you know you have to double up numerous times to win and this is
one of the best opportunities to do so.
But if you want long term success you need to focus on
getting your money in when it won't cost you your tournament
life if the odds catch up with you or in situations with
stronger chances of winning.
I know some of you are saying that there aren't any
situations better than pocket aces. If you think about it for a
few minutes and take your blinders off you'll start seeing what
I mean.
You won't find a better situation pre flop than
getting all in with pocket aces against a single opponent, but
you can find numerous better situations later in a hand.
When you have a full house against an opponent's flush you
might be able to get all your money in with 100% chance to win.
Other hands can play out where you might have over a 90% chance
to win.
If you have a bad run of short term variance you won't be
able to always avoid risking your entire stack, but the best
players do a good job of not getting in situations where they're
forced to go all in against a bigger stack.
When you get heads up against a player with a smaller stack
even if your all in bet with the better hand loses you'll still
have some chips.
Every Chip Is Important
Have you ever heard the saying a chip and a chair?
Texas holdem tournaments are made up of pots of all sizes.
Many small pots are spread between the big ones where player
push their chips all in.
One mistake that many inexperienced tournament players make
is focusing on small pots. While it's true that many small pots
add up to the same amount as a big one, the amount you have to
risk is often not equal.
So to win
$1,000 you have to risk $1,000.
But in order to win a small pot you almost always have to
risk more than the amount you can win.
If you make a raise to steal the blinds you have to bet at
least twice the amount of the big blind, and usually more. So
you might have to bet $100 to win $45 in blinds.
Or you have to pay to see the flop and then fire a bet after
the flop. Even if everyone folds after the flop you risk a bet
half the size of the pot or higher.
From a simple risk versus reward ratio it often costs too
much in possible risk for the reward of a small pot in a
tournament. You have a limited number of chips and you only have
to lose a few of these situations before you end up losing more
than you hope to win.
You usually need to win some small pots along the way if you
hope to win a tournament, but you have to learn when to take a
shot at them and when to avoid the temptation of risking too
much.
You should only try to steal the blinds when you have a
decent hand that has a chance to win if it has to see the flop.
Hands like middle suited connectors and small pairs played from
late position when you're the first one in the pot can be
profitable. But remember that the blinds have the same chance to
land a big hand as you do.
Another situation where small pots can be worth going after
is against individual players. It's often hard to get a solid
read against opponents you don't know, but sometimes pots are
ripe for picking.
Almost any hand where no one raised pre flop that has a
non-threatening board is worth considering making an aggressive
wager. Often the first player to show aggression takes down the
pot.
Doubling Up
How many times do you need to double up to get into the money
or reach the final table?
In order to answer questions like these you have to break out
your math skills. Don't panic though. These are pretty simple
math problems, and you can use the calculator on your cell phone
to help.
It's simple to calculate the average chip stack needed to get
into the money or to reach any other point in the tournament.
Here's an example:
- If 100 players enter a tournament
- Rach player starts with $3,000 in chips
- The total amount of chips in play is $300,000.
The next thing you need to know is how many players get paid.
- When 15 players get paid, the average chip stack will be
$20,000 when you reach the money. - If 10 players get paid the average chip stack will be
$30,000 at that time.
You can use the same method to calculate the average stack
size for any tournament and or reaching any point in a
tournament.
It's the same simple process even if you're playing in a huge
tournament.
Here's an example:
- A tournament with 893 entrants pays out the top 80
entrants - Each player starts with $10,000 in chips.
You want to know what the average chip stack will be to get
into the money, to get in the top 20, the top 10, and the top 3.
The first thing you need to do is find out how much the total
amount of chips in play is. You multiply 893 entrant times
$10,000 each for a total of $8,930,000.
Then you divide this amount by the remaining number of
players at each point.
- $8,930,000 divided by 80 = $111,625
- $8,930,000 divided by 20 = $446,500
- $8,930,000 divided by 10 = $893,000
- $8,930,000 divided by 3 = $2,976,667
So why is this information important?
One of the key skills that winning Texas holdem tournament
players possess is the ability to understand where they are and
where they need to be at every point of the tournament.
If you know you need to double your starting chip stack eight
times to get in the money you might decide it's not worth
risking 25% of your stack fighting over the blinds that
represent 3% of your stack. I realize that for the most part
this is good advice in any situation, but risking too much too
many times is a sure way to an early exit from the tournament.
This information also gives you a solid idea of where your
stack needs to be to reach any point. In the example above with
893 entrants, you need to have around $100,000 to feel pretty
safe of being in the money. You need almost a million to feel
safe about reaching the final table.
Harm's Way
Most poker players have been taught that they need to get in
situations where they're the favorite to win. If you do this
over and over you'll win more than you lose in the long run.
But in Teas holdem tournaments there's a dark side to this
that you have to understand if you're going to be a long term
winner.
In a big tournament you'll be forced to put your tournament
life at risk numerous times. Of course you always want to enter
these situations as a favorite, but even if you do eventually
the odds will bite you.
If you get all in before the flop you're never a 100% lock to
win. Even pocket aces lose to any other random hand sometimes.
When you play pocket aces against a single opponent they win
around 85% of the time.
Do you see the problem with winning only 85% of your all in
decisions in a tournament?
Even with the best hand possible if you get all in 10 times
during a tournament the odds dictate that you're going to lose
between one and two times.
the tournament.
And the truth is that most of the time you're going to be
required to get all in as a smaller favorite than pocket aces.
So how does anyone win a Texas holdem tournament? Is it all
luck after all?
If you ask most players if they'd call an all in bet with A A
pre flop 10 times in their next tournament they'd quickly say
yes. And the truth is you have to be willing to do this because
you know you have to double up numerous times to win and this is
one of the best opportunities to do so.
But if you want long term success you need to focus on
getting your money in when it won't cost you your tournament
life if the odds catch up with you or in situations with
stronger chances of winning.
I know some of you are saying that there aren't any
situations better than pocket aces. If you think about it for a
few minutes and take your blinders off you'll start seeing what
I mean.
You won't find a better situation pre flop than
getting all in with pocket aces against a single opponent, but
you can find numerous better situations later in a hand.
When you have a full house against an opponent's flush you
might be able to get all your money in with 100% chance to win.
Other hands can play out where you might have over a 90% chance
to win.
If you have a bad run of short term variance you won't be
able to always avoid risking your entire stack, but the best
players do a good job of not getting in situations where they're
forced to go all in against a bigger stack.
When you get heads up against a player with a smaller stack
even if your all in bet with the better hand loses you'll still
have some chips.
Every Chip Is Important
Have you ever heard the saying a chip and a chair?
What it means is you still have a chance to win a Texas
holdem poker tournament as long as you have a single chip and a
seat in the tournament. You can probably even find a few stories
about players who've been able to come back and win a tournament
after being down to their last chip or few chips.
While it won't happen often, you can go on a streak of
doubling up 8 or 10 straight times. If you double up 10 straight
times the single chip turns into over 1,000 chips. Most
tournaments don't use $1 chips, so if your last chip is worth
$100, you'd go from $100 to $100,000.
you want to give yourself the best chance to win.
It's not important that you ever get low on chips and hit a
lucky streak and get back in the tournament. What's important is
that you never waste a single chip in tournament play.
In ring game play you might risk a chip in a poor situation
to set up future play or to keep an opponent honest. If you use
certain strategies correctly you'll probably be able to get your
chip and more back in the future.
But a tournament has a limited future and most of the times
you can't afford to build a long term play in a tournament.
I know this may sound opposite of the advice I gave you above
about not fighting for blinds and small pots, but it's not. You
always have to weigh the risk versus the possible reward. It's
true that the blinds you steal add a few chips to your stack,
but you only need to be called by a better hand every once in a
while to lose a large portion of your stack.
Tournament Strategy For Texas Holdem
Exploiting the Bubble
When a tournament gets close to the cut off between finishing
out of the money and in the money aggressive players can often
take advantage of players who're just trying to sneak into the
money.
In an average tournament when its gets close to the cut off
over half the players can probably fold every hand until they
reach the money. Many of them start playing this way, but the
truth is that almost no one can look down at pocket aces, kings,
or queens and fold them.
The big stacks can afford to play their good hands and some
of the smallest stacks are forced to play any decent hand
because the blinds are going to put them all in soon anyway. You
don't want to pressure either the small or big stacks without a
good hand, but many of the medium sized stacks are in perfect
position for you to steal their blinds and small bets.
You still don't want to have poor hands, but above average
hands are usually good enough to be played aggressively against
the medium stacks on the bubble.
It's important that you get away from any hand where
an opponent plays back aggressively unless you have a real
chance to win the hand. Remember the reason you're playing
aggressively. You want to take advantage of your opponent's
desire to sneak into the money, not risk too much by fighting
with a less than stellar hand.
You also need to realize that there's no reason to play
aggressively if you're safe and can fold your way into the
money. Don't take chances if you're not comfortable. Sit back,
wait for your best hands, and take advantage of someone else's
aggression if you land kings or aces.
Don't make the mistake of assuming other players don't have a
hand when they play aggressively on the bubble. It may seem like
they're pushing you around, but just because they're aggressive
doesn't mean they have a poor hand. They might have a strong
hand.
Are you willing to bet your tournament life on an average
hand?
Should You Ever Fold Pocket Aces?
This is a common question when talking about getting into the
money in a tournament and it's fairly easy to construct a
situation where folding them is the best play. The actual
question should be should you ever fold pocket aces pre flop?
I've never folded them pre flop and probably never will
because any situation I can come up with where the correct play
is to fold isn't very realistic.
Usually if you finish just in the money you win somewhere
between one and three times your buy in. While this is much
better than a loss, if you're able to win the entire tournament
you can win 100 times your buy in or more in a large tournament.
The prize money for winning, or even reaching the final table,
is often many multiples of your buy in.
The World Series of Poker main event is a good example. The
entry fee is $10,000 and most years if you reach the final table
you're guarantee close to a million.
Folding aces pre flop isn't the way to give yourself the best
chance to win. Even if it assures you sneak into the money, the
long term advantage of the times you're able to double up
outweigh the reduced amount you get from just finishing in the
money.
at all?
Here are a couple situations where the correct play is to
fold pocket aces.
Scenario 1
The next player to exit the tournament won't win anything but
after that everyone finishes in the money. An early player at
your table moves all in and a second player calls. Both of these
players have bigger stacks than you. In addition, you used your
mortgage payment to enter the tournament and you'll lose your
house if you don't finish in the money.
Your odds of winning against two random hands are less than
75%, so one out of four times your tournament life will end if
you call.
If the payout for finishing in the money is twice your buy
in, from a strictly pot odds type discussion you should call
every time. You double your money 3 out of 4 times is exactly
the type of math you're usually looking for.
But what you're ignoring is you have the chance to win much
more than twice your buy in if you move deeper into the money.
The best way to improve your chances to win the tournament is
triple up. This is an excellent chance to improve your chances
to win.
If you hadn't done something foolish like risk your house for
a poker tournament you need to make the call in this situation.
The results will suck roughly one out of four times, but the
other three times will more than make up for it in long term
winnings.
Scenario 2
An actual straightforward situation where you're
mathematically correct to fold pocket aces on the bubble is if
five or more opponents are all in. You're no longer a favorite
with pocket aces against five opponents.
I've never seen this happen on the bubble in a tournament and
doubt I ever will.
But if I'm ever in this situation I'm going to call because
when I win my chip stack will put me in a strong position to win
the entire tournament.
Summary
Once you master the basics of solid Texas holdem play the
thing that sets you apart from most players is your ability to
add small things to your game and outthink your opponents.
Texas Holdem Tournament Tips
Most of the details on this page involve outthinking your
opponents. Once you learn to play smarter than most of the other
players you'll quickly see an improvement in your results. Focus
on what you've just learned and never stop looking for the extra
edge.
