Thursday, October 30, 2008

Sit and Go Strategy

8:25 PM

Poker sit and gos offer excellent value in comparison to multi table tournaments because they normally pay out to the top 30% of players whereas the multi table tournaments pay out to the top 10%, so it's much easier to make a profit from them. You don't have to schedule your day around them like with multi table tournaments either, you can choose to play whenever you like just by simply sitting down at a table and waiting a few minutes for it to fill up. There is a lot less risk playing Sit & Go's over ring games because the most you can lose is your buyin, allowing you to make a slow and steady stream of profit in a low variance environment.

It's worth doing a poker blinds structure analysis to understand how the STT is likely to be played. Size of starting chip stacks plays a part too, the smaller the stack the less options you have and more aggression you need to employ, the bigger the stack the more skill involved and more intricate post flop play that is likely to occur, bigger stacks favour better players. Therefore it's worth shopping around to find a sit and gothat suits your situation, if you are a strong player look for a game which favours skillful play, if you are weak it's better to find a game where luck plays more of a role in order to offset the skill advantage of the better opponents, with a long term look to transitioning to a more skillful format once you possess the necessary experience.

It is widely accepted that you should have a minumum of 20 to 30 times the size of the buyin, so for a $10+1 game your bankroll should be between $220 and $330, this should be considered as a good rule of thumb for amateur enthusiasts but the bare minumum for a professional poker player who lives off of their income. Infact, a professional may wish to choose a much bigger amount because their exposure to losing streaks is greater, as is the need for a resilient bankroll.