Tournament Strategies
After receiving pocket cards, you are immediately faced with a choice: play your cards and either raise or call the blinds, or fold.
Practice Matters
The bets on Win Streaks are similar
The bets on Win Streaks are similar to the Martingale betting on Lose Streaks in that each bet is doubled. Thus, all earnings are used to increase one’s bets. Not uncommon for the naïve better wishing to make a killing!
3) The win streaks result in continuous losses
3) The win streaks result in continuous losses of $5 until a loss streak of 7 and then it results in a profit only if streak length 7 is a win. The probability of this event happening is one chance in 128. Not too good odds! So for practical purposes double up on win is not a good way to bet. On the other hand, during the lose streaks the $5 earnings continue to pile up and are only lost one time (in theory) on lose streak 7. Maybe not too bad when a Martingale is considered a “no-no” betting method.