Poker Prop Strategy – Tournament Action (part 1)
Some poker prop rooms – not all of them – give their players prop rakeback on the tournament fees they pay too. One must understand though that the primary role poker rooms have in mind for their poker props is generally not tournament related. Poker props are supposed to generate cash game action before all else, so if you – as a prop – get a poker prop deal which includes tournament fees you should be aware that you should probably not abuse the tourney fee deal, which was probably only slapped onto the side as a way to sweeten the deal.
Anyway, in case you do get to take advantage of one of these extremely generous rakeback deals, here are as few tips on how to handle large-scale (1,000 players +) MTTs.
The great thing about such tournaments is that the possible ROI (Return on Investment) is positively massive. One can easily recover 1,000 times his original buy-in, but in order to achieve that, one needs to clarify his goals for himself. The truth about these tournaments is that most players who register do so to play for the money. Of course, they would all like to win and to take the big prize, but their primary goal is to make the money. Such a player, known in tournament circles as a ‘farmer’, plays by the following mentality: I’ll try to make sure that I make it past the money bubble to recover my investment. Once past it, I’ll try to advance as deep in the event as possible and if the opportunity arises, maybe I’ll even try for the win.
There’s a category of players out there though, much better skilled and playing on much deeper bankrolls, that takes a radically different approach to these massive MTTs. These guys, also known as ‘foxes’, aim for the win from the get-go. Every action they take through the preliminary stages of the event, right up to the money bubble and past it, is aimed towards that goal.
These guys will bust out short of the money bubble many more times than the ‘farmers’ but being generously bankrolled, they’ll be able to weather the storm. When they do make it deep though, they make it really deep and they recover all their losses, and they manage to generate a sizeable profit on the side too.
Needless to say, the ‘fox’ approach is much more profitable over the long-run than the ‘farmer’ one. What it really comes down to is aggression and bankroll-size.