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How to play Knockout Bounty Tournament | MTT Strategy

Knockout Bounty Tournaments have recently been a big hit. You can now play bounty tournaments on leading poker sites like Pokerstars, Full Tilt and now even India’s leading sites like thespartanpoker. Initially the Bounty Tournaments were started in India in Gurgaon, where the hosts of the house named Rollers Den organized a special tournament where the buy in of the tournament was 5k. Out of this buy in 4k was contributed to the prize pool and a wearable wrist band was given for the remaining 1k.

The tournament usually had around 15-20 participants. The prize pool was distributed amongst the players who finished in the top four positions. Adding a twist to the usual tournament procedure an additional bounty was of Rs 1k was given to the player who eliminated any player during the tournament, leaving the player to get an additional bonus for eliminating the player from the tourney. Each player used to hand over their respective (one)wrist band to the player who eliminated them. By the end of the tourney any player having any number of bands with them could trade each band for Rs1k from the house.

This made the tournaments more action generating and addictive. Now being the initiators of this tournament, there are a few tips by the hosts of the house(Rollers Den) in Gurgaon about HOW TO PLAY specifically the KNOCKOUT BOUNTY TOURNAMENTS.

How to play Knockout  Bounty Tournaments

The main confusion amongst players is the strategy decision for knockout bounty tournaments is whether to adjust your play to actively seek for bounties, or whether to play your standard tournament play and seek bounties as an added advantage ???

The Rollers Pro who actively won most of the bounty tournaments and also seeking the max number of bounties at Rollers Den Live recommends downplaying the significance of bounties themselves. Instead, seek advantage in exploiting the greedy bounty seeking opponents’ BIG MISTAKES, when they try hard to win themselves bounty prizes.

Indeed in a bounty tournament it is very important to have an awareness of what the opponent are doing will help you make better decisions in such tournaments.

5 Proven Strategy Tips for online Knockout Tournaments

1. Avoid All-in Bluffs

As the other players are seeking opportunity of stealing your bounty and stack. The chances are high that they most likely would call your bluff searching for their draws in order to shove you out of the tournament and claim your bounty.
Rather it is best to hit your NUTS and then shove. In that case, people chasing their draws might fall in the trap as they may call seeking your bounty. There is a no sure way of winning in Poker, but the best poker player is a person who makes a decision which is wise in the long run. Maximum number of times the person calling will lose.

2. Less Bubble Check Downs

In a standard tournament you can expect people to check down more often when they are close to bubble, when a smaller stack Player goes ALL-IN.

Instead, in a KO BOUNTY TOURNAMENT when a smaller stack goes ALL-IN , most players eek to call him, since in case they win they earn a BOUNTY + STACK and in case they lose they still stand a chance to cash out the tournament.

3. The Prize Pool Matters the most

The BIG money is still at the final table as 80% of the prize pool is used for standard payouts based on finishing positions. So make sure you are not eliminated before you reach the final table.

4. Try to stay above the average stack

The most TILTING part in such tourneys is winning on a big hand and loosing on the bounty, just because your opponent had you covered by a few chips. Staying aggressive enough to be atleast a little ahead of your opponent, will ensure you get paid those bounties as well as winning those chips.

5. Expect crazy action

Especially in the starting phase of the tournaments, you can sometimes even see more than 3-4 players involving themselves into ALL-IN scenarios in almost every second hand. Especially in case there is any Re-Entry to the Bounty Tournament.

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How much Skill Vs. Luck do you need to win a game of Poker?

Poker is under an indecisive debate and much discussion of the moral Vs. legal privileges that the stalwarts and lovers of the game tend to seek – whether it is a game of skill or a game of luck?…

In Poker, there is serious money exchanging hands and can sure make or break fortunes! Of course, the game lovers and game providers naturally look for scientific ways to prove their point. The statistical model for understanding the nature of this simple yet complex game can perhaps put this issue to rest. It can also then predict the possible outcome of a game underway fairly accurately – a much sought-after and equally elusive aim!

Nail the math

If only it were as easy!… There have been a number of studies that have tried to get into the probabilistic statistics of poker. The mathematics involves application of game theories. One such work that tries to capture the math is Chen and Ankenman’s The Mathematics of Poker.

Any sound and reliable research depends on freely available data. Until the recent popularity of online poker sites, like RollersDen, it was difficult to get hold of accurate poker records as most game hosts were not willing to disclose the details to researchers.

A landmark study

But online poker sites have made collation of data far more easy and convenient. One noteworthy study was the one carried out by Cigital Group, a software consulting firm in Washington D.C. They studied over 100 million hands dealt by poker (Texas Hold’em).

Here is what they reported:

1.       Only about twelve percent of the dealt hands won due to the best hand.

2.       Three-quarters of the hands never reach showdown. This meant that the winner never had to show his or her cards, whilst other players folded in by themselves in successive betting rounds.

3.       In addition to the above, in almost half the cases where there was a showdown, a player who should have won as per the dealt cards, had already folded.

What was their inference?

Cigital concluded that Poker is indeed a game of skill, and that luck played a very small role in the hand. They argued that the lack of showdowns directly implies that poker is skill-based. The winner could have won by his skill, by similar betting, no matter what cards he/she had been dealt, they extrapolated. It was the decisions made by the player that determined whether or not there was a showdown, which is skill-driven.

Yes! Others agree…

A similar independent study of over a billion hands by Robert Hannum, a professor of risk analysis and gaming at the University of Denver, was in line with the findings of Cigital. Hannum found that 85.2% of the hands never had a showdown and 14.8% of the remaining did not have the best cards as the winner.

Economists Thomas Miles and Steven Levitt of the University of Chicago identified 720 players as highly-skilled ones, and noted that their ROI stood at 30.5 %, whereas the average return of all other players was a minus 15.6 %.They calculated the win rate of highly skilled poker players at a whopping 54.9%

Personal clichés

Arbitrary numbers are suggested by players as the percentage of skill vs. luck. They could be as varied as 70% skill and 30% luck to a 50-50 weightage of the two. It depends on the mindset and viewpoint of the individual.

Conclusion

Of course no statistical figure of concluding numbers can clinch the actual percentage of skill vs. luck element in poker. But anyone who is familiar with the game will agree that skill is a very important factor in determining the way the winds of winning blow in every poker hand!