So you’ve been playing and winning some on the free tables and are ready to make a deposit and try some no-limit real money poker games. Great – here’s a tip for how to get hours of play – win or lose – on just a small deposit. The online poker tournaments!
When I finally got comfortable enough beating the newbies at the free tables – I made my deposit (I deposited $100) and headed for the reasonable buy-in no-limit tables. Within an hour I was down about $60 and sort of scratching my head. I thought I’d try my luck at a Texas Hold’em tournament – so went ahead and spent $30 of my last $40 to enter to PartyPoker Million qualifying tournament. Unfortunately I only got 4th place in that – not good enough to qualify – but, I played for about 2 hours and really had a great time. That was the first Poker tournament I had ever played, now Texas Hold’em tournaments are one of my favorite things to play.
Licking my wounds, I deposited another $100 but this time headed for the low limit tournament tables. I started playing the $5/$1 and the $10/$2 tournaments. Basically you buy in for $6 (if the $5/$1) and get $800 worth of chips. From there it’s pretty much like any other Texas Hold’em game with some small exceptions.
For starters, rather than really win the pots, the tournaments generally pay the top 3 places (the single table tournaments at least). The $5/$1 tournaments on PartyPoker pay $25 to 1st, $15 to 2nd and $10 to 3rd. Secondly, the blinds increase as more hands are dealt. For example, blinds may be $10 / $15 at the start, but before it’s over will be $100 / $50. This will eventually squeeze a really tight player out if he’s not careful.
So – here’s how I can generally place in the top 3 more often than not…
Just like playing the free tables, playing most low limit tables you will be playing against more average players than really good players. Don’t under estimate them – but don’t be intimated either.