Arnold Snyder, The Poker Tournament Formula 2

[Kidam]

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The Poker Tournament Formula 2:
Table of Contents

By Arnold Snyder
(Cardoza Publishing, 2008. Paperback, 368 pages.)
© Arnold Snyder 2008
INTRODUCTION...17 Most Of What You Know Is Wrong...17 How This Book is Different From My First Poker Book...18 PART I: PRINCIPLES...23

1. THE BIG SECRET: CHIP UTILITY...25
Chips Are Ammunition—Not Money...32
The Functions of Chips in a Tournament ...33 Preflop Utility Functions...33 The Post-flop/Turn Utility Functions...35 The River Utility Functions...37
Short On Chips Equals Short On Utility...38
Emotional Intelligence...42
The Fundamental Law Of Chip Utility...44
The Skill Factor...46
Chip Utility and Pot Odds...48
Chip Utility —The Pros' Secret...53
Why Is Everyone Playing Wrong?...55
The Big Boner...56
How Chip Value Theory Affects Strategy...62
The Debate Over Chip Utility Theory...63
What about Trivial Wins and Losses?...66
Can We Ever Assign An Exact Dollar Value To Our Chips?...67
Chip Utility and "Game Theory"...68
The Monopoly Connection...72
Quantifying Chip Utility...74 Dominant Utility...75 Full Utility...76 Competitive Utility...79 Moderate Utility...80 Low Utility...81 No Utility...82
How Style Affects Utility...83
Putting Numbers On Utility...84
Summary...86

2. ANALYZING A TOURNAMENT'S STRUCTURE: THE UTILITY FACTOR...87
The Patience Factor...88 World's Most Patient Player...88 Measuring the Blind-Off Time...89 Implications of the Blind-Off Time...92 Blind Structure Makes a Big Difference...93
The Patience Factor In Slow-Structured Events...95 Comparing Seven WSOP Events...98 Structure and Tournament Speed...99
The Tournament Utility Factor...100
Ranking Tournament Value By Structure...103 Utility Factor Below 5: Rank 0 Tournaments...103 Utility Factor 6-20: Rank 1 Tournaments...104 Utility Factor 21-40: Rank 2 Tournaments...104 Utility Factor 41-60: Rank 3 Tournaments...105 Utility Factor 61-100: Rank 4 Tournaments...105 Utility Factor 101-200: Rank 5 Tournaments...106 Utility Factor 201+: Rank 6 Tournaments...106
Buy-In Does Not Equal Utility...107
Adjustments To The Utility Factor...110
Utility Factor...111
Beware of Weird Blind Structures...113
Summary...115

3. UTILITY ODDS...117
Pot Odds: The Wrong Measure...117 $1,000 WSOP Example...117 WSOP $10,000 Main Event Example...120 Another WSOP Main Event Example...122
Utility Odds Require Judgment...122
PART II: TOOLS...125


4. SMALL BALL VS. LONG BALL VS. UTILITY...127
Small-Ball Strategy Overview...127
Long-Ball Strategy Overview...128
Small Ball And Utility...129 Small Ball Hands To Play...129 Raising Hands and Situations...132 Keeping Your Chips in Action...133 More Small Ball After the Flop...135 Small Ball In Action...137
Long Ball...139 Long-Ball Philosophy...140 Manipulating Your Opponents' Utility...142 Dominance With a Big Stack...143
Off To The Races...145 Making Race Decisions...146 The Conventional Wisdom on Coin Flips...147 The Mathematics of Racing with Big Slick...149 The Mathematics of Racing with a Big Pair...150 Can a Profitable Racing Strategy Be Devised?...151 Races: A Utility Decision...153
John Phan—Snapshot of a Long-Ball Legend...156
Three Tips on Getting Started in Pro-Level Events...160 Tip One...160 Tip Two...162 Tip Three...162

5. SHIFTING GEARS...165
Forget the "Gap" Principle in Tournaments...165
How to Play a "Rush" and How to Fight a "Rush"...167
How to Play in Low Gear...168
Play in the Dark...169

6. BLUFFS, READS, AND THE PSYCHOLOGY OF THEFT...173
Stealing Small Pots vs. Stealing Big Pots...177 Petty Larceny...177 Grand Theft...178
Five Easy Fleeces...179 1. The Blind Steal...181 Discussion...181 Stealing the Blinds from the Hijack Seat...182 Stealing the Blinds from the Cutoff Seat...186 Stealing the Blinds from the Button...190
2. The Continuation Bluff...191 Discussion...192
3. The Position Bluff After An Opponent Limps (Or Checks)...195 Discussion...196
4. The Information Bluff...197 Discussion...197
5. The Value Bet Bluff...198 Discussion...199
How to Make Up Your Own Bluffs...199
Three Common Bluffing Myths...201 1. It's Too Early to Bluff...201 2. It Takes a Stu Ungar to Fire Three Shots...203 3. Amateurs Don't Take Shots...203
Why So Many Players Today Make Bad Bluffs...207 Why Bluffing According to "Game Theory" Is A Mistake...208 A Pro Poker Player Chimes In...212 Sklansky's Bad Bluffing Advice...213 Don't Blame Von Neumann...215 Real World Bluffing...215
Player Types in Pro-Level Tournaments...216 The Harringbots...217 The Killers...218 The Superstars...219 The Hangers-on...220 The Groupies...221
Looking for Tells on Your Opponents...222
When a Player Starts to Act Out Of Turn...224
What Is A Read? (The Amazing Karnak)...226
Summary...227

7. ATTITUDE: TWISTIN' THE KNIFE WITH A SMILE...229
Test Question...229
Adding Attitude to Your Weapons...229 Developing the "Right" Attitude...230 Daniel Negreanu Showing Down a Bluff...235 Be Careful About Announcing Opponents' Cards...236 Depersonalizing the Enemy...237
Test Answer...239

8. TABLE IMAGE: THE FEAR FACTOR...241
Table Image in Tournaments vs. Cash Games...241
John Fox's Three Advantageous Image Types...243
The Intimidating Image: How to Tighten Up Your Opponents...244
The Wild Image and Blind Snipers...248 Enhancing Your Wild Image...250 Don't Show Every Trash Hand...251
Defensive Play: Don't Tread On Me...252 Defending the Blind...252 Information Bet...253 Continuation Bet...254 Against Weak Players...255
PART III: STRATEGIES...257


9. THE FIVE PHASES OF A POKER TOURNAMENT...259
Phase One: Stack Building...259
Phase Two: The Minefield...260
Phase Three: The Bubble...260
Phase Four: The Money...261
Phase Five: The Final Table...262

10. PHASE ONE: STACK BUILDING—TAKE THEIR CHIPS WHILE THEY'RE NAPPING...265
The Survival Fallacy...266
Mark Seif Gone Wild...267 Seif's "Big" Hand...268 Analyzing the Hand...270
Risk and Reward In Pro-Level Short-Stack Tournaments...273
Short-Stack Phase One Strategy: 7 Guidelines...277
Deep-Stack Phase One Strategy: 6 Guidelines...280
On to Phase Two...264

11. PHASE TWO: THE MINEFIELD...285
Waiting for the Carpathian...285
Using the Stacks At Blind-Off Time As A Tell...286 The Story Told by the Stacks...288 It Starts Getting Dangerous!...289 You'll Know When the Minefield Hits...291 Bumping Into Short Stacks...292 Short- and Deep-Stack Tournaments...292
Attack Dynamics...293
Playing a Medium Stack During the Minefield...294 Getting a Real Hand...298 A-Q During the Minefield Phase...299 Tight-Guy Arguments In Favor of Folding A-Q...299 Arguments Against Folding A-Q...300 Why You Don't Fold...300
Playing a Short Stack During the Mine Field...301
Playing a Big Stack During the Mine Field...303
Big Stack vs. Average Stack...305 The Bitch Slap...306
Big Stack vs. Big Stack...309
When a Player Pushes All-In...309 Isolating When You're Not Utility-Constricted...310 Ganging Up On A Skillful Player...311
Ready for the Next Phase...311

12. PHASE THREE: THE BUBBLE—A BUFFET OF CHIP SANDWICHES...313
Making Chips or Making the Money?...313
The Bubble in Rank 1-3 (Short-Stack) Events...316
The Bubble in Rank 4-6 (Deep-Stack) Events...317
Playing a Short-Stack During the Bubble...318 Jam or Fold...318 Two Live Cards...319
Playing An Average Stack During the Bubble...323 Two Live Cards With An Average Stack...327
Playing A Big Stack During the Bubble...330
What Comes After the "Dinner" Phase?...333

13. PHASE FOUR: THE MONEY—EXPLOITING MASS RELIEF...335
The Thinning of the Herd...336
The Money Phase In Rank 1-3 Events...338
The Money Phase In Rank 4-6 Events...339
The Seabiscuit Move...341
Guarding Against Seabiscuit...346
Short-Handed Play...348
Short-Handed Strategy Considerations Based On The Math...350

14. PHASE FIVE: THE FINAL TABLE—LAST CHANCE TO SCREW UP...355
Power Plays and Trappers...355
Short-Handed Play with Fewer Than Five Players...356
My Own Final Tables Experiences...357 My Tournament Record...359
How Not To Play A Final Table...360 Mistake #1: Giving "Free Cards" By Pushing All-In...360 Key Utility Decision...364 $5,000 Circuit Event Hand...365 Mistake #2: Utility Blindness...367

15. CASHING OUT...371
PART IV: FOR HARD CORE PLAYERS ONLY...373


Appendix A: Bankrolling Your Play...375
Introduction...375
Quick, Easy Guide to Standard Deviation...376
How Much Bankroll Is Needed?...379
How Much Of An Advantage Does A Top Tournament Pro Have?...384
Analyzing Player Of The Year Results...385
The "Weak Field" Effect...390
Snyder's Bankroll Fudge Formula...392 Skill Level Adjustments...393

Appendix B: Satellites—Are They Worth It?...399
Satellites and Risk of Ruin...399
The "House Edge" On Poker Tournament Satellites...400
Satellite Value for the Average Player...402
Satellite Value for the Better-Than-Average Player...403
The Satellite Professionals...405
The Top-Of-The-Line Satellite Pros...406
Other Satellite Formats...407
Using Satellites to Lower the Buy-In Costs of Major Tournaments...409
Different Levels of Aggression...415 The More Aggressive Hypothetical Tournament Player...415 The More Conservative Hypothetical Tournament Player...416
Lower Buy-In Costs Mean Lower Bankroll Requirements...420
What Risk of Ruin Should a Player Consider Safe?...423
Frequently Asked Questions...424
Conclusion...426
Notes and Acknowledgements...426

Appendix C: "True M" vs. Harrington's M...429
The Basics of Harrington's M Strategy...430 What is "M"?...431
Why Tournament Structure Matters in Devising Optimal Strategy...433 True M in Fast Poker Tournaments...435 True M in Slow-Structured Poker Tournaments...436 True M Adjusts for Tournament Structure...436
A Blackjack Analogy...437
When Harrington's Running M Is Occasionally Correct...438
Why Harrington's Strategies Can't Be Said To Adjust Automatically for True M...439
Simplifying True M for Real-Life Tournament Strategy...441
But Do Tournament Players Need to Know Their "True M"?...442
HOH II vs. PTF 1: A Sample Situation...444
The Good News for Poker Tournament Players...446

Glossary...449

Index...481 ♠

There are few books that substantially increase a player's chances of winning tournaments. This powerful work is one of them.

—Doyle Brunson

[Sicks]

J'ai acheté le livre. J'avais acheté le premier Tome. Le premier est vraiment EXCELLENT et le deuxième, de ce que j'ai lu à date, rehausse le premier d'un cran. Tu ne sera pas déçu de ton achat.

[Kidam]

Posté par Sicks

le deuxième, de ce que j'ai lu à date, rehausse le premier d'un cran.

Je comprends pas ce que tu veux dire ici.
Il faut relire le premier après avoir lu le deuxième?

[Oreo]

Posté par Kidam

Je comprends pas ce que tu veux dire ici.
Il faut relire le premier après avoir lu le deuxième?

[Sicks]

Messemble que c'est clair, heheh ?

[NoShow]

Posté par Oreo

LOL +rep

Rehausse le premier d'un cran veut dire que le deuxième est une coche au dessus du premier, donc encore meilleur...

Tome 1 = awesome
Tome 2 > Tome 1

Et j'ajoute mon grain de sel, les deux livres sont vraiment excellents!

[G-Max]

Dans le fond le tome 2 reraise allin le tome 1

[riverfeverAA]

Oui, mais le livre 1 call le all in, parce qu'il ne peut pas coucher KK preflop.

[Ratounet]

serieusemetn il y a un thread sur 2+2 qui critique ce livre apparement il y a quelques erreurs inacceptables dedasn selon eux. Je crois me rappeler que cela concerne la partie h2h mais plus trop sure

[riverfeverAA]

J'achève le livre de T.Angelo, j'ai commandé ces 2 là pour ma lecture d'automne!