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.
After receiving pocket cards, you are immediately faced with a choice: play your cards and either raise or call the blinds, or fold.
Some observations about Table 5-1: 1) The beginning bet is $20 and if the hand is won the bet regresses to $5 and continues at $5 up to Win Streak six. The Cumulative if Lose (amount earned) after the Win Streak of 1 increased from $15 to $35. When the Theoretical Number of Streaks Occurring are taken into account (after the Win Streak of 1) the Average Amount Won/Lost for each streak is obtained. For this Win Streak betting (Streak 2-6W) the amount is always positive (although decreasing.) Note: the ‘hole’ at Streak Length of 2 is no longer zero or negative; thus, Streak Length 2 is not wasted in playing!
2) During the Lose Streaks the bets are a Martingale after the first streak. These bets are truncated (ended) at a Streak Length of six with a bet of $320 (a heart-stopping amount to bet.) If one were to continue the Martingale betting, generally the house limit of $500 would apply for the next bet. Then the next Martingale bet, which would have been $640, could not be placed. The Cumulative amounts after Lose Streak 1 and through streak 6W (if the sixth streak is won) is zero; thus, there is no loss. If the sixth streak is lost however, it is “The Big One”, $640!