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Surviving the Sit ‘n’ Go
By Donovan Doust
4-23-06
Sit ‘n’ go tournaments on
FullTilt are quickly becoming one of the most
popular formats in No Limit Hold ‘em poker. Originally the format was used for
satellite tournaments that would allow players a chance to win a seat at a large
buy-in event with a relatively small investment. Instead of putting up $1,000 to
enter a major poker tournament, 10 players would each put up $100 plus a little
something for the casino (maybe 10%) and the winner of the satellite tournament
would win a seat at the larger tournament. Today, the sit ‘n’ go tournament
format has taken the online poker community by storm. A sit ‘n’ go tournament is
an impromptu tournament that starts as soon as a certain number of players are
registered (most commonly 10) and is over when one player has captured every
chip in play. Generally the pay out structure for a ten player sit ‘n’ go is 2
buy-ins for third place, 3 buy- ins for second, and 5 buy- ins for first. Sit
‘n’ go tournaments offer a great opportunity for players interested in
sharpening there tournament poker skills by allowing them to practice early
stage, middle stage, and late game strategy all with a minimal investment of
time and money. They also offer an extremely lucrative opportunity for anyone
willing to put in a little study time and practice.
Optimal sit ‘n’ go tournament strategy is much different than cash game strategy
and offers less variance and swings than multi-table tournaments. You need a
much smaller bankroll to play one table sit ‘n’ go tournaments than to play
larger field tournaments. Because the players at sit ‘n’ go tournaments tend to
be less experienced than cash game players, and due to the lack of published
literature on proper sit ‘n’ go strategy, it is my format of choice. There are
many exploitable subtleties to the format that will allow skilled players to
make more money per hour with less variance (or swings) than any other structure
within any given bankroll limitation.
Most internet poker sites offer a good selection of sit ‘n’ goes that can fit
practically any bankroll size. The difference in skill level of your opposition
at these games can vary quite a bit, for the sake of simplicity I will be
addressing small stakes No Limit Hold ‘em sit ‘n’ goes, say $10-$50 buy in, ten
player, events. We’ll assume 1000 in starting chips and blind rounds starting at
10- 20 and progressing relatively quickly. I’m going to list the most important
concepts in sit ‘n’ go strategy.
Patients
Position
Implied odds
Aggression
Most small stakes sit ‘n’ goes are reminiscent of Wild West shoot outs. They
could be described as loose-aggressive, high action games. Patients will be the
most important element of long term success in the face of such “carnage”. Many
of the players who are attracted to these games are the players who watch a lot
of televised poker and believe No Limit Poker to be a game about bluffing, fancy
plays, and all-in moves. When I refer to patients I am advocating an extremely
tight playing style, particularly in the first two or three blind rounds. In the
first blind round you should be folding almost every hand you get. You’re just
looking for one hand to play to double up and or bust someone. When you finally
do enter a pot you will be entering with a raise, not a call with premium hands,
really only AA-TT, AK and AQ. When you play those hands you will be playing them
aggressively, raising three to four times the big blind and trying to hit a flop
and get all the money in. You will also play speculative hands in the early
stages when you can play for a very small portion of your stack, never more than
8% and only from late position. When you play a speculative hand such as a small
pocket pair or AXs, you will be looking to flop a monster or a draw to a monster
so you can double up. You can also play good suited connectors like JTs or T9s
from the dealer or cutt- off position.
When the blinds start getting larger, say the fourth blind level, you will have
to start playing more aggressively from late position. You’ll also have to open
up your starting hand requirements; your goal is to steal one round of blinds
per orbit by raising in late position with hands like AJ, ATs, and 77. If you
can double up one time in the first three rounds, you will then be able to
succeed just by maintaining your blind position throughout the rest of the
tournament. With all the wild players getting in massive confrontations over
huge swing pots it is important to stay out of trouble when at all possible.
Remember, when one guy busts every other player at the table and only the two of
your remain, even if he has four times the chips you have, you are still
guaranteed at least 3 buy-ins. That’s a very good result for the amount of time
it takes to play your average sit ‘n’ go. Sit ‘n’ go tournaments are about
survival. You have to protect your chip stack while looking for low risk
opportunities to double up. Once you’ve obtained a comfortable stack, you have
to maintain your chip position by looking to pick up some blinds with strong
hands in late position. If you’re the type of player who likes to push small
edges and play for first place, maybe these tournaments aren’t right for your
style of play. The pay out structure rewards survival. You are penalized,
mathematically, for winning a sit ‘n’ go tournament. You will have captured 100%
of the chips and only be awarded 50% of the money. Let’s assume a pay out
structure in which the winner takes all, you would only have to win 2 out of 10
tournaments to double your buy-ins and get a 100% return on investment
(disregarding the house fee). If you win 2 out of 10 sit ‘n’ goes you without
any 2nd or 3rd place finishes you will actually be losing money. Conversely, if
you took second place in a winner takes all event 4 times in 10 but never
actually won one, you would lose 100% of your investment, the same as a player
who busted out first in all 10 games. If you place 2nd 4 times out of 10 with
the standard sit ‘n’ go structure, you will turn a profit even without ever
winning one. Any first place finishes are really just icing on the cake, if they
come they come. The key, then, to sit ‘n’ go tournaments is to survive and
thrive, let the money come to you. Really you should just be trying to make it
ITM (in the money) 40% of the time. If you follow a very safe, tight-aggressive
strategy, while looking for low risk opportunities to double up, and use
position and aggression to maintain your chip position, you should be well on
your way to beating these games.
Good “Luck!”
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