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Chapter 1: Poker Tournaments
In Poker tournaments you can stake a relatively small amount of money in order to win a big payout. Tournaments have shown P a great increase in popularity, with the premier tournament events occurring
at the World Series of Poker in Las Vegas.
While we can't give you all of the secrets to winning a world championship
poker tournament (both of us have visions of winning that some year), this
chapter does offer some of the basics of tournaments and practical tips.
To get really good at poker, and to have a shot at the World Championship,
you need to get experience. So plan to enter a number of smaller tournaments
before you invest $10,000 to enter the World Championship. Oh, and if
you do get there and win, don't forget to credit us for giving you the initial
insight! (Acknowledgments and cash sent to the authors will be graciously
accepted.)
Why Play Poker Tournaments?
We can think of many reasons to play in poker tournaments, probably as
many as there are players who enter them. Poker tournaments can be exciting,
lucrative, and invaluable for gaining experience. What follows are reasons
why you should consider entering tournaments.
First of all, tournaments are fun. There's nothing like the thrill of competition
that gets our competitive juices flowing. Sure it's nice to play in a cash game
and walk away a winner at the end of the day. It's a terrific feeling to stuff the
pockets of your jeans with your winnings, and to live - even for a moment -
that famous line from Walter Tevis's The Color of Money. "Money won," Paul
Newman's character Fast Eddie says as he reveals an ageless truth to Tom
Cruise, "is twice as sweet as money earned."
Learn new games inexpensively
Aside and apart from the competition and the fun factor, tournaments are a
terrific way to learn new games. Here's why: The game you want to learn
might not be offered at betting limits that are comfortable for you. In fact, in
smaller casinos, the game might not be available at all. Without tournaments,
how can you ever learn to play Omaha, or Razz, or Seven-Stud18 in a card
casino that has enough room for only a few Hold'em and Stud tables?
If you enter low-buy-in tourneys, you can get plenty of play for a limited
amount of money. You might get to play two or three hours of Razz for a $25
buy-in.
That's not enough time to let you master the game, but it will be sufficient
to help you decide if you enjoy it, and whether you have a feel for the
game. (For details about buy-ins, see the section called "Buy-ins and fees" in
this chapter.)
Tournaments can be a powerful learning tool because your investment is limited
to the cost of the buy-in; and without mounting losses to worry about,
you can devote your time to becoming more knowledgeable and more proficient
at a new game.
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