Online Poker Australia Reddit play through £200 to get 200 wager-free spins. 18+ New eligible UK players only. Offer must be claimed within 14 days of registration. All wager-free spins are available on Starburst and have a £0.10 value each; expire 5 days after credited. All winnings from the wager-free spins will be paid out in cash. The u/LivePokerIsRigged community on Reddit. Reddit gives you the best of the internet in one place. Jeffrey Coolidge/Getty Images. Probably the number one mistake beginning poker players make is that they play far too many hands. When you're just starting out playing poker, you want to play poker, and that means staying in hands that aren't very good just to be part of the action.
These days, the privacy of your home may be the best place to play poker in NewJersey. Poker went online in the Garden State in 2013.
Online poker rooms were a part of the synchronized launch of NJ’s first legal online gambling sites.
Today, the online poker market includes seven sites, interstate player pools, and apps so you can play anywhere in New Jersey.
These days, you can find juicy cash games and big-time tournaments running all the time. You might even bank a six-figure score or win a World Series of Poker (WSOP) bracelet when playing online poker in New Jersey.
Best NJ online poker sites in 2021
Today’s best online poker sites combine great software, large player pools, and lucrative welcome bonuses to enhance your online poker experience.
Poker sites in New Jersey are well-known for offering cash games and tournaments across a wide variety of poker variants. Each also offers the best seasonal poker tournament series with lucrative guarantees and unparalleled cash game action 24/7.
The following poker operators in New Jersey are the best in the online poker business.
Poker Room
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NJ online poker reviews
Each poker site uses its own software client, which creates small differences in presentation. Available stakes and game types also vary from site to site, as does the size of tournaments and prize pools.
- Pala Poker
Free play poker vs. real money poker
Does gambling affect mortgage application uk. Real money online poker has been around New Jersey since 2013. Most licensed NJ operators brought free play money online poker to the market with it. In some cases, free play money online poker has been around a lot longer.
Free play money poker games do offer a way to learn the game without risk. However, few people take it seriously, so gameplay is often a poor simulation of the real thing.
So much so that real money micro-stakes may be a better place to learn, particularly if players plan to move up to real money stakes eventually.
Play money poker sites are often linked to social media. Furthermore, they offer player loyalty programs where players might be able to earn something while they play.
So, if you want to play poker to earn, you should hit the real-money games instead and keep play-money poker around just for fun.
Is real money poker legal in NJ?
Yes, real money online poker is legal in New Jersey.
It has been since Feb. 26, 2013, when a bill permitting internet gambling in the state was approved by the New Jersey Legislature and signed into law by then-Gov. Chris Christie.
Almost nine months later, the state’s first legal online poker sites were a part of the synchronized launch of online gambling in New Jersey on Nov. 21, 2013.
Online poker operators have generated an average of about $2 million in revenue annually ever since.
New Jersey signed on to an interstate compact known as the Multi-State Internet Gaming Association (MSIGA) in October 2017. This changed the law to allow NJ sites to apply for regulatory approval to share player pools with those in Delaware’s and Nevada’s legal online poker markets.
Of course, WSOP.com and 888 Poker are the only other NJ online poker operators that run sites in these other states. As a result, they were the only sites to apply.
The New Jersey Division of Gaming Enforcement (NJDGE) granted the sites the necessary approval and the first interstate games launched May 1, 2018.
WSOP.com has gone on to run a schedule of online WSOP bracelet events available in New Jersey and Nevada the past two years.
How to play online poker on Android
WSOP.com on Android
The WSOP.com Android app is available for download from the WSOP.com website.
The app promises to be optimized for on-the-go Android poker play. It is an excellent product for the one-trick, one-table No Limit Hold’em ponies.
Unfortunately, WSOP.com mobile apps only support playing one table at a time. Also, the Pot Limit Omaha games and tournaments you might find on the desktop client are not there.
Game selection functions are also more frustrating than functional. The cash game and Sit and Go sliders work, but you can’t see these lobbies, so it makes it a guessing game.
The mobile software is the same employed by 888 Poker, but the WSOP.com features the more robust better tournament selection and an efficient and easy-to-reg lobby.
The WSOP.com Android app does deliver on bringing the most prestigious name in the game to your Android device. But unfortunately, the actual desktop online poker experience is not available on WSOP.com mobile.
PokerStars on Android
The PokerStars NJ Android app is among the biggest in the market at over 80MB. What you get is mobile access to the industry-leading poker software and the PokerStars brand, which is optimized for your Android device.
That means No Limit Hold’em (NLH) and Pot Limit Omaha (PLO) cash games and tournaments, Sit and Gos (SNG) and the popular Spin and Gos. There are even Zoom Poker fast-fold games, although these tend to run only sporadically.
The PokerStars NJ Android mobile app offers access to all the account management features.
Some serverlag and unresponsiveness issues remain, but these are minor problems for an Android app.
The app also includes chatfeatures, quickseating, multi-tabling and tutorials for how to optimize it for phones and tablets.
You must go to the PokerStars NJ mobile page to download and install the app. However, once that’s done, you’re in for something special.
888 Poker on Android
888 Poker NJ promises the slickest poker app in the business for Android devices available for download from the 888 Poker website.
All of its poker games are there, including cash, tournaments, Sit and Gos, super turbo games and SNAP poker fast-fold. However, the app features the same frustrating game selection sliders as WSOP.com. The problem is you can’t see these lobbies and what games are running first.
Other than that, the 888 Poker NJ app does feature smooth functionality, quick deposits and real poker games with real opponents, in real-time.
It’s just not as close to the desktop client experience as others in the NJ market.
How to play online poker via your iPhone / iPad
PokerStars for iPhone / iPad
PokerStars NJ seems to understand the need to replicate the desktop computer experience on mobile devices as much as possible. It does that with the PokerStars iOS app available for download on the PokerStars NJ website and the Apple App Store.
It’s designed natively for iPhone or iPad devices and features almost everything you’ll find on the desktop client.
There’s a “PlayNow” button, allowing you to instantly join your favorite games, tournaments and access to about every poker game and popular PokerStars’ product.
WSOP.com for iPhone / iPad
You can download the WSOP.com mobile app for iOS devices on both the WSOP.com website and the Apple App Store.
Unfortunately, the same limited functionality you find with its Android app is there on the Apple app as well.
That means No Limit Hold’em is the only game and it’s a single-table only experience. That said, there are freerolls, Sit & Gos, multi-table tournaments, cash games and even casino games available.
It provides 24/7 access to games and customer support.
Plus, the WSOP.com app is optimized for iPhone and iPad users.
888 Poker for iPhone / iPad
The 888 Poker iOS app is available for download on the 888 Poker NJ website and the Apple App Store. Plus, the mobile app seems to be designedbetter for iOS devices than Android.
It’s got the full account functionality of the desktop client. Plus, Sit & Gos, multi-table tournaments, satellites, step tournaments and cash games including Hold’em Omaha, Omaha Hi-Lo and Seven Card Stud Hi Lo. There’s even access to the 888 Casino games.
Plus, 888Blast poker jackpot Only 2 slots for ram. games are there as well.
How to clear online poker bonuses
The top online poker sites in New Jersey offer a variety of online poker bonuses to players. These include everything from free tournament tickets to no-deposit and deposit-match bonuses.
Most include wagering requirements that players must complete before they can withdraw the bonus funds. There is a straightforward way to meet these wageringrequirements and clear the bonus: play online poker.
Of course, the amount you must play to clear a bonus is specific to that bonus. That’s why it’s always essential to understand the terms and conditions of a bonus before you try to clear it.
You’re going to want to know how many days you have to clear the bonus, if it will be released incrementally, and if and when it expires. Plus, you’re going to want to know exactly how much poker you need to play to clear the bonus.
In most cases, players earn frequent player points (FPP) based on the amount of rake they pay on a site. Poker bonuses are cleared when certain FPP thresholds are met.
It’s always a good idea to look for times when online poker rooms run promotions allowing you to earn extra FPPs. You might be able to clear a bonus faster as a result.
Another rule of thumb worth noting is that the bigger a bonus, the harder it is to clear.
That means you’ve got to be willing to put in the time at the tables to clear a significant bonus. Most recreational players would be better off choosing smaller and easier-to-clear bonuses they may be able to get their hands on playing only part-time.
Remember, there’s no such thing as a free lunch, and if you want to clear a poker bonus, you are going to have to put in some work to do it. The bigger it is, the more practice you’ll have to do to get it.
However, those with a clear understanding of how to clear the bonus they seek and a willingness to grind it out should find the pursuit of poker bonuses profitable.
Moving money on and off poker websites
NJ online poker sites work hard to make moving money on and off the sites as quick and easy as possible. Each site offers a variety of easy-to-use deposit and withdrawal methods and is continually adding new ones.
Whatever method you used to make a deposit can usually be used to withdraw funds. If not, NJ online poker sites are happy to make other options available.
Here’s a list of some of the mostpopular deposit and withdrawal methods at NJ online poker sites:
- Visa and Mastercard: NJ online poker sites accept major credit cards as long as the bank the card is issued by approves. Some issuing banks may not authorize online gambling transactions. If that’s the case, you’ll need to find another deposit method. However, several exist where you still can use your Visa or Mastercard.
- Play+: Several online poker sites in New Jersey take the Play+ prepaid credit card. The card can be funded using a Visa, Mastercard, Discover card or even your checking account.
- Prepaid Cards: Prepaid cards can be a safe and convenient option for making deposits on NJ online poker sites. Players load money onto the prepaid cards and then use the funds to deposit on a poker site. Several major credit card companies offer prepaid credit cards and some NJ online poker rooms have their own branded cards.
- Cash at the Casino Cage: NJ online poker sites run under licenses held by Atlantic City casinos. Most will accept cash deposits at the cashier cages inside the associated casino.
- PayPal: This third-party payment processor is the largest in the world and available at several online poker sites in New Jersey. You can fund a PayPal account from several sources, including your bank account and credit cards.
- ACH E-checks: ACH e-checks is an online money transfer service that essentially lets you write an electronic check to an online poker site. It’s a great way to move money from a bank account to an online poker site.
- PayNearMe: Financial services provider PayNearMe has partnered with 7-Eleven convenience stores and CVS Pharmacies to create a financial services app. The app allows users to make bill payments via retail sites. Also, you can make payments at several NJ online poker sites with cash.
- Online Banking: Those that make bill payments with their online bank account can often deposit to an NJ online poker site directly as well. But this too is often subject to authorization issues.
Types of poker games available to NJ poker players
Most of the tournament and cash-game action in the NJ online poker market revolves around No Limit Hold’em. There’s also some Pot Limit Omaha around and some sites that have software capable of running other poker variants.
The thing is, games don’t run without players and most of the time, it’s hard to find even six players willing to sit at RAZZ, HORSE or 2-7 Triple Draw games.
So, even the sites that advertise a wide variety of poker variants available don’t run much outside of No Limit Hold’em and Pot Limit Omaha games most of the time.
That said, it’s all about timing. You might be able to jump in a cash game or tournament featuring your favorite poker variant.
- No Limit Hold’em (NLH): The biggest cash game in NJ online poker is far and away No Limit Hold’em. There are usually tables running with stakes ranging from $0.01/$0.02 to $25/$50 with six-max and nine-handed tables. However, the majority of the action is at the micro- and low-stakes levels. Most NJ online poker tournaments are No Limit Hold’em as well.
- Pot Limit Omaha (PLO): Most NJ online poker sites run Pot Limit Omaha (PLO) games, just not as many as No Limit Hold’em. The stakes online in New Jersey run from $0.01/$0.02 to $25/$50, but the $0.50/$1 and $0.25/$0.50 tables are the most popular. If your timing is right, you might also find Omaha Hi Lo games running, too.
- Stud: A lot of NJ online poker sites claim to offer studgames. In reality, the games run rarely. Stakes range from $0.50/$1 to $40/$80 when they do get off the ground.
- HORSE, 2-7 Triple Draw and other variants: While mixed games are fun and everybody knows poker is more than hold ’em and Omaha, NJ online poker isn’t. Alternative poker variants are usually only found in specialized seasonal tournaments. Cash games do not run regularly.
- Fast fold games: Most online poker sites in NJ run some version of fast-fold games akin to PokerStars NJ’s Zoom Poker tables. In this format, you are instantly transported to a different table to start a new hand when you fold one. Zoom cash games and the like requires a large player pool, so it doesn’t always run on NJ sites.
- Multi table tournaments: All NJ online poker sites offer a daily schedule of No Limit Hold’em multi-table tournaments (MTT) with buy-ins ranging from $1 to $50. However, the bigger buy-in MTTs are on Sundays in New Jersey. Larger online poker operators run SundayMajors with buy-ins ranging from $50 to $500. Prize pool guarantees for these events go up to $50,000.
- Sit and Go tournaments (SNG): Online poker sites in New Jersey host No Limit Hold’em, Pot Limit Omaha and Pot Limit Omaha Hi-Lo Sit and Go tournaments. Most are nine-handed, six-max or heads up. Buy-ins start at $0.25 and go up to $500. Prime-time peak hours are the best time to find Sit and Go tournaments running.
- Lottery Sit & Go tournaments: Lottery Sit & Go tournaments akin to PokerStars’ Spin & Gos run on a variety of NJ online poker sites. These are three-handed Sit & Go tournaments with randomized prize pools awarded. That means they are playing for anywhere from two buy-ins to $1,000. The Sit & Go tournaments that run regularly in NJ will range from $1-$25 and are even more popular than standard Sit & Gos.
Is it safe to play online poker for real money in NJ?
Online poker is legal and regulated in New Jersey. That doesn’t mean big brother is watching; however, it means theNJDGE provides oversight in the state. It ensures it is entirely safe to play online poker for real money in NJ.
The NJDGE vets every operator, issues permits, and tests and approves software and games. Fair play is a part of the equation every step of the way.
Offshore online poker rooms are the ones to concern you. Unlike legal and regulated NJ online poker sites, these are unlicensed and don’t undergo any testing.
You may have read about superuser scandals in the past where someone was able to see an opponent’s hole cards and take advantage. The NJDGE has strictguidelines in place to make sure nothing like that ever happens in the state’s legal, regulated online poker market.
Licensees are also required to keep customer funds separate from their operational budget. That means your money is always safe and secure with an NJ online poker operator.
Even if an online poker operator goes belly up, your funds will be safe.
You may remember that UltimatePoker left the NJ online poker market in 2014. Every dollar on deposit was paid back to customers before the site closed because those funds were held separately from the site’s operating budget.
More resources on multistate online poker:
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.
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 9♦7♦ a better 3 bet candidate than K♦T♠ ? 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.
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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.
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!
Reddit Online Poker
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.
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.
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.
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.
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Any other poker tournament strategy tips? Leave them below in the comments, we would love to hear them!
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