MTT Strategy
Multi table tournaments are a very appealing form of poker, and with good reason. A lot of money can be won, the fields are always relatively weak, and there is a lot of prestige in reaching final tables. The proverbial money, fame, power is present in tournaments, and these are just some of the reasons why you should play in more. Money comes by outlasting the field. Fame comes by winning it all. Power comes by winning it all several times, therefore establishing your name as a powerhouse in the tournament circuit.
Multi table tournaments are as lucrative as they are plentiful. There are literally thousands that run around the world at any point in time. Venues have included London, Dortmund, Marrakech, Auckland, Nuevo Vallarta, Paris, Moscow, Monaco, Nassau; the list goes on and on. There are tournaments in every single discipline of poker as well, with the most popular one being naturally No Limit Texas Hold'em. The so-called Cadillac of Poker draws the biggest crowds all the time.
But without going into too much detail on MTTs, first off, how do you play them? There are many styles and types of players, some of which can be successful, but you need to find the mold that fits you. Below we list some great MTT strategy articles to help with your MTT Poker game. Beginner, or hustler, they can help, so check them out in the table below!
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In a typical multi table tournament, everyone pays the same buy-in and receive the same amount of chips to begin with. Lose all your chips and you're done. The prize pool, which consists of the sum of buy-ins paid minus the tournament fees, will be divided between finishers, depending on how late in the game you finished. Usually, only 10% of the pool "make the cash" which means they get win some money for the time spent playing. The deeper your finish, the more cash you win.
The objective is to be the last man standing, and obviously collect everybody's chips while you are at it. As players are eliminated, the tables are broken up too, and will keep becoming less and less in number, until we only have one table left: the final table, which has the last remaining players in the tournament, and also where the biggest paydays are handed out for the finishes, with the winner taking home the most money of all.
Now that you know more about multi table tournaments, the differences between these and standard cash games should be clear. For one, you can't leave during a typical tournament; once you pay the buy-in, you get chips, meaning you have to play in that tournament until you run out of chips or have won them all. You cannot cash out your chips at any time like you do at a cash game. Next, every player starts out the tourney with the same amount of cash, not counting certain special tournaments such as Rebuy's and Add-ons. And also, the stakes of the game are constantly being raised, so that people may bust out easier. And lastly, because theoretically you could finish in second place without ever having played a hand, your goal during the tournament switches from chip collection to survival.
The main reason that multi table tournaments are this lucrative is because since the fields are so massive, the chance that you get people who play bad increments a hundredfold. If you are able to simply keep your cool and weather the variance storm caused by this bad play, there is a heck of a lot of money up for grabs in the multi table tournament scene. The key part to the puzzle is that you have to be good in order to place and go for the win. And as we know, the only way to get good at something is by dedicating time to it, and in the case of poker, reading up on all the strategies you can get your hands on, and play as much as you possibly can in order to gain experience and even out variance.
There are many people who exclusively play tournaments for a living. Tournament Pros, such as Brandon Cantu, Eric Lynch, Allen Cunningham and Bertrand Grospellier among countless others, win very good money by participating primarily in massive multi table tournaments, and travel the whole world while they are at it. It's a life of glitz and glamour, of ups and downs and tons of money.
In a nutshell, it's a rather simple thing really. Get good, win money. Get good by learning the strategies and practicing. Win money by outlasting people in the tournaments, because you correctly applied the proper strategies and tactics you have learned. That's all there is to it. Now that you know the secret, why don't you go out there and show the world what you're made of?
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