Out in the poker tournament world is a growing and increasingly popular type of poker tournament known as a double or nothing. If you are considering playing in one of these tournaments, you should take the time to learn a few things about double or nothing strategy if you hope to do well at this 10 person tournament in which the last five persons in it are paid double the amount that they paid to buy in to the tournament.
You should always come to the tournament constantly checking out who you think your competition will be. You should try to always avoid a table where you are sure there are going to be a number of regulars competing against you. In fact, there are two different ways to play a double or nothing tournament, which is playing against random players and playing against regulars.
Poker experts recommend that you have enough buy-in chips to play your game in a comfortable manner. Professional poker players usually play with at least 40 buy-ins in a tournament. Recreational players try to play with 20 buy-ins. For example, in a tournament, you will be starting your equity act and if you double it up you would be looking at . 55.
When it comes to strategy, beginners need to remember that anytime they open from an early — meaning close to the dealer — position they will want to have a strong hand such as a big pair. In some cases, the Ace/King combination can also work, but that would be the bare minimum in order to open when you are so close to the dealer.
If you are playing in a later position that is farther away from the dealer you can adjust your opening hands accordingly. Try to never call a push if you have only fold equity after the hand has been completed. If you intend on doing that, keep in mind that you’ll need to create an 80% odds favorite just to try to break even.
There are usually three ways of playing as you move through the tournament. At the early stages, play tight poker, once you have made it to the middle, keep watch over your stack and never let it deplete too much, and once you have made it into the later stages don’t go out on any bubble. Know your buy-in and what to do if all you have is fold equity, at a minimum.