Holdem Poker Tournaments

Holdem Poker Tournaments Average ratng: 5,8/10 7393 votes

Tournaments are popular. Other than High Stakes Poker, all that’s shown on TV is MTTs.

We think what makes tournaments sexy are the large prize pools. People like seeing people play for hundreds of thousands and millions of dollars. And you don’t get that that often with cash games.

It happens often with tournaments, though.

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Of course, it depends on the buy-in and game, but many of the events shown on TV are the large ones with a $5,000, $10,000 or even $100,000 buy-in. These tourneys create prize pools that often reach the 7-figure mark. And that creates a lot of buzz.

So, naturally, a lot of people are curious about tournaments.

  • What are they?
  • How do you get started?
  • Where do you play?
  • What can you play?

We thought it’d make sense to create a page that answers those questions – and many others.

A poker tournament is a game with a fixed format. Everything is predetermined – the blinds, buy-in, stack sizes, antes, structure and time limit.

The buy-in can vary from free (freerolls) to .05 to $20 to $100,000. There’s always a cut for the poker room, too, which is easier to see online. Most tournaments will be labeled $X+$Y where X goes to the prize pool and Y is the amount the poker room gets.

Once you’re entered you’ll want to log in or show up when the tournament is supposed to start. For sit and go’s (SNGs), that can be whenever, as they start whenever the tables are full. But for MTTs it’s a set time and place. If you’re online the poker room will automatically seat you (randomly) at a table.

From there you’ll have a stack of chips to play with. You’ll have the same amount as everyone else, unless the tournament offers re-buys and add-ons. Then the tournament will start.

A tournament will play very much like a cash game. Once every one posts their blinds, antes, etc., each player is dealt their cards. Then they play according to that game’s and variation’s rules.

But unlike cash games, tournaments have levels. Each level will be a predetermined length – it can be 1 minute, 5 minutes, 10 minutes, 1 hour, and so on. Each tourney will be different. But after the time’s up, when the next level starts the blinds will be higher.

For example, in a turbo 18-man on PokerStars, the blinds start at 10/20. After 5 minutes they go to 15/30, then 25/50, 50/100, and so on.

This is important to pay attention to, because if you don’t continue to add chips to your stack, eventually the blinds will be large enough that you’ll be blinded out. Then your tournament is over.

The tournament continues like this until one player remains with all the chips in play.

Players are then paid according to the structure set from the beginning – although this does change a little in the beginning if the tournament allows late registrations (players can sign up and pay to play after the tourney starts).

The number of players paid will depend on the number of players in the tournament. SNGs are always fixed. For example, in a 9-10 man SNG 3 players are paid. In an 18-man SNG four players are paid. It’s seven in a 45-man and 9 in an 180-man. It just depends on the tourney.

When you play online any money you win will be put into your account balance automatically. We think some sites reserve the right to pay the next day on larger tournaments and payouts, but none that do this come to mind.

And that’s basically a tournament and how it works in a nutshell.

You’ll find tournaments online, in live casinos (not all are major “events” either), and even played in homes. They’re a great way to get LOTS of entertainment and value out of a fixed amount of money.

What Types of Tournaments Can You Play?

There are LOTS of tournaments you can play. The most popular game played is Texas holdem.

But since the “poker boom” more and more games are played in tournament form. And that includes both online and live (and shown on TV too).

That means you can play games like omaha, stud, razz, HORSE, other mixed games, and others, in tournament format. No limit is obviously the popular betting limit, but depending on the game, limit and pot limit is used, too.

And, as we mentioned earlier, stakes vary wildly. Online you’ll find stakes starting from free to .05 to around $500. There are some larger ones (including SNGs), but that’s where the bulk of tournaments fall. The Sunday Majors (the biggest tourneys of the week online) usually fall between $200 and $500.

Offline, you’ll find many tourneys starting at $20 to $500. It just depends on the room. But for the larger “events” they’ll start around $500 or $1,500, and then climb from there.

Other than the game and stakes, one other choice you’ll have to make is the type of tournament you’ll play. There are LOTS of them.

Here are the most common options:

  • Freezeout – Most tourneys fall into this category. Once you bust you’re out of the tourney.
  • Rebuy – Like a freezeout, except that for a short period (usually the first couple of levels) you can buy into the tourney again when you bust.
  • Turbo / Super Turbo – The levels are much faster. Instead of 20+ minutes, they’re something like 3-10 minutes. This requires a big change in strategy. And the faster the blinds the more luck that’s involved.
  • Guarantee – This is any tournament where a prize pool is guaranteed, no matter how many players show up. This is great because if the players don’t make up the prize pool, the room will. This is called an overlay.
  • Satellite – These are tournaments where the prize are seats to a more expensive/higher value tournament.

For example, several years ago we played a 5-table shootout for $15 that awarded a few seats to the Sunday Million, which you could buy into directly for $215.

Another good example is Chris Moneymaker – he won a $40 satellite to a higher dollar satellite, which then awarded him a seat to the WSOP Main Event which has a $10,000 buy-in.

Here are the most common options:

  • Bounty/Knockout – In these tournaments you pay a little extra. That little extra goes to a “bounty” which is paid whenever you or someone else knocks a player out of the tournament. For example, if there’s a $5 bounty on each player’s head, and someone knocked you out, they’d get your $5 chip.
  • SNGs – We mentioned these a bit already, but these are smaller tournaments with fixed fields that start once all the seats have been filled. These are great to play between tournaments or as a variance buster.
  • Deep Stacks – You start with a deep(er) stack than normal. Instead of 1,500 chips it might be 3,000. Or instead of 5,000 you might start with 10,000 or 20,000.
  • Shootouts – With these each table plays until there’s one player left. Then all these players play a final table. For example, in a 5-table shootout, the winner from each table would play a 5-handed final table for the prize(s).
  • Steps – This is common online. It’s sort of like a satellite tournament, but broken down even more. You might have 6 steps, starting from the lowest stakes (

For example, you buy in directly to step 4, and if you win, you get to play step 5. Once you get to the last level the prize is usually a seat to a higher value tourney.

The great thing about these is if you lose, often times you get to play the step over or move down a step depending on where you finished. Even if you win nothing you get LOTS of value out of these.

Those are the most common tournament variations. But depending on where you play you’ll find other variations.

One unique thing about poker tournaments is you’ll find many events and series to join.

A series is simply a set number of tournaments hosted by a poker site or venue. They’ll have higher buy in tourneys, satellites to all the series tourneys, and maybe give out jewelry to the winners.

Here are the major tournament series in both online and live poker.

World Series of Poker (WSOP)
50+ events with a bracelet and money going to the winner. Played in Las Vegas once per year starting in May/June. The Main Event final table plays in November.
World Poker Tour (WPT)
Similar to the WSOP. Played throughout the year. The winner of each tourney gets a bracelet.
Spring Championship of Online Poker (SCOOP)
One of PokerStars’ online series.
World Championship of Online Poker (WCOOP)
Another PokerStars’ series. Played in the fall.
Aussie Millions
A smaller event held in Australia. Known for having some of the highest buy-ins in history.
European Poker Tour
Owned and sponsored by the Rational Group (previous owner of PokerStars). Similar to the WPT, but held in different venues throughout Europe.
Holdem Poker Tournaments

Those are the major events which are held once or twice per year. But you also have the Sunday Majors which are held once per week.

We say this as if you’ll find a major tournament series every Sunday at every poker site online. But that’s not really the case. PokerStars really has a monopoly on this. Right now they have 12 events running every Sunday with buy-ins ranging from $1+re-buys to $11 to $530 – and satellites running to all of them. Guaranteed prize pools for each event vary from $25,000 to $1,000,000.

Many sites run a (much) smaller version of PokerStars’ Sunday Majors. Sometimes they’ll host several larger tournaments throughout the week instead of all in one day. It just depends on the site.

How to Choose a Tournament to Play

Choosing a site to join for tournaments can be tricky. You could go a few different ways.

For example, you could join a new site where they’ll have smaller guaranteed tournaments. These often have overlays. You’ll have less players to fight through for the same prize pool.

However, these tournaments don’t get very big. And there’s not very many of them offered. On top of that, many sites have shut down tourneys when too few players show up instead of honoring the guarantee.

We prefer to go the other way. Look for sites that are established with lots of traffic and tournaments. We believe there’s more value in that. Not only will tournaments run more often, but there will be tournaments of all shapes and sizes. Tournaments with different games, variations, buy-ins, and blind levels/structures.

We would also look for a poker site that offers lots of live/online satellites. Often times the competition for the higher dollar buy-ins isn’t much greater than the lower stakes – it’s just a matter of who can afford it. Satellites give you a way to afford it.

From there choosing a tournament is rather straightforward. You want to choose a game and variation that you like and/or are good at. You might want to look at the blinds too, to make sure you choose a speed (normal to fast) you like and the structure jumps up in blinds at a comfortable pace. But we don’t think most players need to worry about stuff like that.

They should just find a game and get signed up instead.

Conclusion: Get More Out of Your $5 Than Just a Latte

There you have it – an overview of poker tournaments, how they work, and different types of tourneys you can play.

From here it’s a matter of choosing a game and getting started. If it were us, we’d choose a $5 or $10 turbo MTT with a starting stack of 1,500 and 3,000. Maybe find one that offers bounties – which can be lots of fun.

WAY more fun than you’ll get out of your $5 latte from Starbucks.

Everyday players are sitting down at the tables and consistently making fundamental mistakes because of lack of knowledge, misinformation or failing to maintain focus.

Even just a small strategical adjustment in poker can potentially save you a huge amount in the long run.

In this article we will point out some of the best live and online poker tournament strategy tips you can use to improve your game as quickly as possible.

Tip 1: Play The Right Starting Hands

Whether it be lack of patience, or an unfamiliarity with opening ranges, many tournament poker players still open too wide. This is especially true when it comes to early and middle position opens, where there are still many opponents left to act behind who can be dealt a strong hand.

The problem is when called, wide openers are often at a range disadvantage. Often being dominated by their opponents, they are vulnerable to 3 bets since they frequently won't have a holding strong enough to continue under pressure.

Furthermore, although opening a hand like 7 ♠ 5♠ might at times not be a terrible strategy from early or middle position, speculative hands like suited connectors and gappers, as well as small pairs, work best with deep stacks behind.

These speculative hand types infrequently connect strongly with the flop, so those times they do you want to have deep stakes behind to have the potential to win a huge pot. Modern day tournament structures often only see deep stack play occur during the first few levels of play. This leads us into the next tournament poker tip, being stack size aware.

Learn which hands to open raise in MTT's - Watch lesson 6.1 from the Road to Success MTT Course. A power-packed 50 minute video below, just use one of the button options to unlock it and get instant access.

Tip 2: Be Stack Size Aware

Effective stack size plays a critical role in a tournament players success.

Having a deep stack, and therefore expanding an opening range to include a lot of speculative suited hands and small pairs is a tournament strategy that is going to be punished if a number of short stacks are yet to act behind. This most notably occurs in turbo tournaments where the average stack size is quite short.

Short stacks will be in push-or-fold mode. Being short, they don't have time to wait and will be looking to take any opportunity they can to move all-in. This high rate of all-ins will leave wide openers frequently being forced to relinquish their hands, without even having the opportunity to try to hit a nice flop. Problematic hands often include; J8s , KTo and weak Ax hands.

It's not just short-stacks that can cause a problem, aggressive players will be looking to attack wide-openers. This is especially true when a player opens with a vulnerable M8-M14 (20bb-35bb) stack. 3 bets get good leverage against this stack size, since continuing in the pot represents committing a significant portion of a players stack.

Wide openers would be wise not to commit a large percentage of their stack with marginal holdings, and so will be forced to fold, or face being in a high-risk situation. Staying aware of your own stacks utility, as well as anticipating how opponents will utilize their stacks, is an important tournament poker tip to keep in mind.

POKER TIP: If you are currently using BB to calculate stack size, here's a look at why using 'M' is a better MTT strategy.

Tip 3: Be Careful Overplaying In The Early Stages

As a stack gets deeper, the less willing a competent player will be to put their entire stack at risk since they have more to lose. It's rare to see good players all-in during the early stages of a tournament with hands like AKo or JJ preflop.

Smart players recognize that their counterparts aren't going to be risking their entire stack with weaker hands like AQo . Therefore, even a strong hand like AK could be at a significant equity disadvantage facing a deep stacked opponents all-in range. Could you fold QQ here?

Rather than putting in an extra raise, often times just calling with even very strong hands in the early stage of a poker tournament has great benefits.

  • Allows your opponents to continue with hands they were folding to a re-raise that you have crushed.
  • Disguises the strength of your hand and keeps you unpredictable.
  • Prevents you from getting all-in facing a super strong range where often times you're crushed.

Tip 4: Continuation Bet Aggressively But Not Always

Players have learnt the value of c-betting, but it's a strategy that is often misapplied. Being the preflop aggressor shouldn't lead to a mandatory c-bet and double barrels.

This is especially true in multi-way pots yet players continue to make fruitless c-bets with weak holdings into multiple opponents.

Even in heads-up situations, key factors to consider include;

  • How does the flop texture interact with players ranges?
  • Who has the strongest range?
  • Who has nut advantage (the biggest share of super strong hands)?
  • How passive or aggressive is the opponent we're facing?
  • How does the stack size/SPR allow us to operate on the flop and future streets?

The following hand illustrates the effect nut advantage can have on profitable continuation betting and how it applies to this tournament poker tip:

Tip 5: Be ICM Aware

The Independent Chip Model or ICM, is a great model players use to make more profitable decisions when deep in a tournament and especially at a final table.

Unlike in cash games, chip values fluctuate depending on the stage of the tournament and the competing opponents stack sizes. At it's most extreme, ICM strategy can make A♠A♣: an easy fold preflop.

Imagine a situation in a satellite where 9 players get a World Series of Poker entry and there's 10 remaining. The action folds around to a player with 100,000 in tournament chips who moves all in from the small blind. You're sitting in the big blind with A♠A♣: and also 100,000 in chips. You look around and see a few opponents with only 1000 chips left, which is the size of the current big blind. Obviously one of these short stacks is likely to bust very soon.

Obviously one of these short stacks is likely to bust very soon. Moreover the chance that they collectively out survive your 100,000 stack is extremely remote. You'd likely be a 99% chance to get a WSOP entry, so why would you call with your A♠A♣ and risk busting next around 20% of the time?

Aside from calling too wide in spots when the most profitable strategy is to proceed tightly, the opposite can also be true when it comes to pressuring your opponents. ICM allows players when they have the opportunity to assert pressure on there opponents stacks, to go ahead and do so liberally, since thinking opponents counter-strategy is to play a tight range of hands.

Here's an example of how drastically a hand range can change when the opportunity to assert pressure at a final table exists. 5 of the 6 remaining players at the Pokerstars Sunday Millions have 15bb's, whilst the UTG player has a short 2bb stack. Since the 15bb stacks wants to avoid busting out next and missing out on a large pay jump before the immanent bust out of the 2bb stack, the small blind can adjust their all-in range. Instead of the profitably 57% all-in range in normal play, they can move all-in with 100% of hands to apply pressure on the big blind.

Whilst the big blind should adjust their calling range from the regular 36% to just 10% of hands to account for the ICM effect in play.

The PokerNerve Road to Success course teaches players how to master ICM situations, which is key to tournament poker success since ICM comes into play as the prizes become significant. If there was only one tournament poker tip that you take away from this article, it's that you need to know ICM!

Tip 6: Bet The Appropriate Size

Strong players are capitalizing on their opponents tendencies to bet too big or too small in a number of different situations. With some similar considerations to that of continuation betting, when selecting a bet size important aspects include;

  • Which player's range does the board texture favor?
  • Who has the greatest nut saturation?
  • How does SPR influence our betting strategy

There are many great articles online about bet sizing. You should be sure to check out ThePokerBank's and the Pokerology's to learn more about this tournament tip.

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Tip 7: Take Equity Realization Into Account

Possibly due to the popularity growth of Twitch, many poker players approach to big blind play has evolved. The current trend is to defend the big blind with virtually any 2 cards, as some top pros elect to do, and the justification for this is taking advantage of the excellent pot odds being offered.

While the inclusion of antes combined with commonly seeing a small open raise size does offer the big blind generous pot odds, this has led to a fundamental flaw in the way many players approach big blind play in poker tournaments. The key concept overlooked, is equity realization.

Equity realization reflects a players ability to take a certain hand, and win their share of the pot, frequently enough, to make it profitable in the long-term. Although some top pros have the ability to win their equity share of the pot even out of position, less skilled players rarely do. This leads to a large chip loss in the long run.

It is quite difficult to realize of your equity when out of position, with no initiative and a weak range. This means them glorious odds you are being offered aren't quite as good as you think!

The following article explains this crucial tournament poker tip in more detail; Equity Realization.

Tip 8: Don't Miss Double And Triple Barrel Opportunities

'One and done' is the plight of many aspiring tournament poker players. Everyday at the tables I see players missing profitable opportunities to double, or even triple barrel. Understanding what turn and river cards are advantageous to a players range, along with opponent tendencies, are crucial parts of a winning barreling formula.

The most common scenario at the table, is a heads-up pot where the big blind calls an open-raise. And this happens to be a great spot to barrel. Big blind defenders have a wide range, and it's important to pressure this wide range, especially on only partially connected board textures with one or multiple high cards.

RedChipPoker has a great article on spotting profitable double barrel opportunities which you can read here: THE +EV DOUBLE BARREL GUIDE

Tip 9: Check-Raise More Flops

The biggest difference between the current tournament population, and the future generation, will likely be their approach to check-raising the flop. This opportunity typically occurs in a heads-up pot, after defending the big blind verse an opponents raise.

Currently, MTT players only check-raise the flop in this situation around 7-8% of the time, when closer to 20% is a more optimal strategy. On certain flop textures, check-raising close to 25% of the time is an extremely profitable strategy. And if players are getting out of line with their c-bets, then check-raising at an even higher frequency could be a profitable exploit.

By giving up too easily on a wide range of board textures, or taking a more passive approach and simply calling, c-betting can be done with reckless abandon. However, by selecting a nice mix of check-raising hands, combining some strong hands with some good semi-bluffing candidates, a check-raiser can become tricky to play against and exploit the average players tendency to over c-bet.

POKER TIP: Applied correctly and check-raising becomes a super powerful weapon in your arsenal leading to more profitable poker results. But also think beyond the flop, there's plenty of check-raising opportunities you may be missing. This video demonstrates an interesting turn check-raise situation.

Holdem

We discuss check raising strategy in more detail in our post over on unfeltedpoker.com.

Tip 10: Develop A Good 3betting Strategy

Whilst 3 betting aggressively is a strategy many players employ, especially in online poker circles, failure to apply optimal 3 betting strategies has certainly led to a lot of spewy poker. Simply attacking opponents who are suspected of opening wide doesn't cut it in the modern poker world.

Players have learnt to deal with 3 bets more profitably, by mixing in some calls with timely 4 bets. Moreover, the role stack size plays when it comes to 3 betting it still largely misunderstood by much of the poker community.

Sure there are certain stack sizes where 3 bets gain a lot of leverage, but how about the role blockers play? And when is 97 a better 3 bet candidate than KT♠ ? These are just some of the considerations when it comes to a profitable 3 betting strategy. See how to design strong 3betting ranges in this article by Donkr.

Bonus Poker Strategy Tip: Avoid and Deal with Downswings

As a poker player you want to earn your money as easily and as stress-free as possible right? Well, understanding ROI, variance and bankroll management can help (see TopPokerValue's article on bankroll management).

All poker players at some point experience downswings. In some cases, this can affect their play, volume or state of mind.

You'll be miserable, hating poker, playing less and earning less per tournament as your play will suffer.

Along with finding ways that work for you to keep a positive mindset, taking pro-active steps can help keep you confident by knowing you are dealing with the situation like a professional whilst at the same time taking positive action to get back on track and winning.

What is ROI and variance?

Every tournament you enter has an EV associated with it. So if you enter a $10 tourney, as a good player maybe you have a 30% ROI, so you make $3. So it doesn't matter whether you brick that tourney or win it for $5000, you make $3 in the long run.

Now, of course, you don't make $3 each time. 80-85% of the time you lose that $10, some percentage of the time you win a little bit, and some very small percentage of the time you win a lot. How small those ‘small percentages’ are primarily depends on not only your skill edge, but also the field size which is an extremely important concept that is often ignored.

Variance is a factor of two things:

1) Your edge

2) The field size

Example 1)

You play the Hot $55 which has $30K guaranteed, every day for a year on Pokerstars. It has 1600 runners and you have a 5% ROI, because turbo ROIs are small. Your average yearly profit is $605 however you will lose money on the year 55% of the time.

Example 2)

You play a $20 tourney with $3K guaranteed on a softer site every day for a year. It has 200 runners and you have a 30% ROI, because it's a normal speed tourney and you’re against an easier field. Your average yearly profit is $2400 and in this case you lose money only 12% of the time.

A lot of people would look at those two tournaments and make a decision based on the buy-in and 1st place prize money as to which was better to play, and it would be grossly wrong. Once you accept all the above, you realise that the 'up top' number is largely meaningless.

Yes, on the same site bigger fields may mean a lot of fish have registered to play, but you'll find a lot of small field, soft, non-peak hour tournaments have a great pro-to-fish ratio and hence are great value. Of course once you consider other sites that have smaller fields, you'll often find they are a better choice than what might be running on Pokerstars.

So what can you do?

When players start losing money and along with that, confidence, not only does their game deteriorate but they often compound that problem by failing to make rational decisions. Often losing players, or players on a downswing, go 'bink chasing' and decide to take a shot to win all their money back in one tourney. Or load up some quick $82 hyper-turbos to try to turn it all around quickly.

People get overly fixated on what's 'up top' and wanting to score big in one tournament. That’s a sure-fire strategy to fuel a down swing. If your house got knocked down would you try to slap it back up in a week? Take that opportunity to rebuild a better, stronger house.

2020 Bally#x27;s Main Event Mania

Make sure you're adding in some study and keep focused (see Sky's Matsuhashi How To Study Poker series), and stay fresh and positive as you approach each session. Be smart and get back into profit quicker instead of enduring a 6-12 month variance rollercoaster!

Closing Words On Tournament Poker Tips

Poker is a multi-faceted game which makes it fun but challenging. Challenge yourself to factor in the relevant concepts, and make more profitable decisions. Tighten up from the big blind, and in general around the table. This tip often quickly improves a new players results, or those that have a got a little sloppy with their play.

Calculate stack size using 'M'. Always be aware of your own, and your opponents stack sizes so you don't get yourself caught in awkward situations. One awkward situation that often comes up is when you hold an overpair to the board and an opponent puts the heat on you. Don't be afraid to make big lay downs to preserve your stack, especially in the early levels.

Texas Holdem Poker Tournaments

Be aware of your cbetting frequency. There's no need to waste tournament poker chips cbetting every time, especially when the pot is multi-way. Pick your spots to make profitable plays. Remember when it comes to the final table, regularly profitable playing ranges might alter due to the payouts. ICM is the key when it comes to those final big decisions.

Texas Holdem Poker Tournaments Near Me

Another key to success is knowing when to fire multiple bullets at your opponents. Barreling, especially against a wide big blind range can really help increase your non-showdown winnings. Finding ways to accumulate chips without always having the best hand is what top players do. This is why check-raising and having a good 3 betting strategy is so important. Correct use of these strategical concepts and the other tips outlines will get you winning more at the tables.

Hold'em Poker Tournaments

Now that you've acquired some great holdem tournament strategy tips to help you achieve MTT success, go out there an implement them!

One of the quickest way to improve your poker game is to take on a poker coaching, a course or join a poker training site; if that is something that interests you be sure to check out the PokerNerve road to Success Course for some advanced poker tournament strategy or you can check out HowToPlayPokerInfo's guide on poker training & poker courses to find the right option for you.

Any other poker tournament strategy tips? Leave them below in the comments, we would love to hear them!

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