By: The Monster Stack (Guest Blogger)Hello,
Although I have played several thousand Sit and Go (SNG) tournaments over the years I still consider myself somewhat of a novice. I never really attacked them for profit but I have managed to squeeze out a nice profit from them anyway. For me, they are a good way to waste some time and get away from the cash games without risking a lot of money. In the process, there is room to make a nice profit.
I have taken a long, long break from poker due to some important things, but over the last week I have had some free time to play around. Since I was short on time I mostly wanted to get in some playing time rather than make money. I hate jumping into games and trying to make a profit quickly. I prefer to take my time and since there are big swings in poker, I didn't want to get into a big hole with no time to make the money back.
But I digress. I decided to play in low stakes SNGs to get in some playing time. Over this last week I have played in forty 6-Max No Limit Hold 'Em tournaments on PokerStars. The buy-in for each was $6.60 with two places being paid; $23.40 for the win and $12.60 for second place. I won twenty-eight of these, cashed in seven and busted out in five. If you are keeping score, that's a profit of just under $480. I suppose that gives me the authority to write a little strategy piece on how to make money in these tournaments. Or maybe not. Either way I am going to because I can.
The first thing that you must realize about these tournaments is that they pay out 33% of those who enter. So right from the start you have a one in three chance of nearly doubling your money and a more than 16% chance of making 3.5-1 on your money. Now I know that you are saying "hey, most SNGs have the same pay scale" and you'd be right. The difference is that in the shorthanded SNGs there are fewer players, giving you a much better chance of getting paid. In a nine person SNG you need to outlast seven other players to make a little more than double your money (based on the $6.50 9 person Turbo SNG on PokerStars). Here, if you outlast four players you do just about the same thing.
So here are some of the techniques that I have employed during these forty tournaments. The first thing I did was build my weak-tight image. During the first one or two blind levels there is almost no reason to play a hand. That means you should be dumping all but the best aces (A-K and A-Q are good although I would dump A-Q to a re-raise this early). And never gamble for all your chips pre-flop with A-K this early. Be careful with pairs, even big ones. People are all too willing to gamble with you. Remember, 10-10 is not that big a favorite over Q-9s (a little better than 2-1 although I'll take it every time). If you enter a pot, raise. DO NOT LIMP in early in the tournament. This will get you in trouble. Raise or fold. And be prepared to fold to big or even medium sized raises. There is no reason to commit yourself this early. There are those that like to gamble early on. Let them do it against someone else. I practically fold everything except aces and kings during the first two levels.
Once the first player is knocked out you should start seeing some more flops. This is particularly true past the second blind level. Again, don't get too aggressive. There is no reason to get knocked out in fifth. Out of my five bust outs I made it to third place three times and fourth once. The goal here is to keep your stack either even or up a bit until there are four players left. Once it becomes four handed you need to open up your game. You want to build a stack so that you are not the shortstack when it becomes three handed. I love to open steal from under the gun four handed which just happens to be the cutoff position in this case. Start to become aggressive, NOT stupid. This is not the time to start slow playing hands pre-flop nor is it time to raise with any two cards (unless of course there are weak-scared players in the blinds).
While on the subject of slow playing I must say, don't do it. Don't give anyone a free flop. Keep your raises consistent. I can't stress this enough. Always open for the same amount every time. I like to raise four times the blind in these shorthanded games to make those who want to see flops pay for it. If you are stealing, make it four times the big blind. If you have aces, do the same. And always, always make a continuation bet no matter what. Many people call to try and hit a big flop. More often than not they will miss. If you check, you give them a chance to outdraw your A-Q with their K-9. I've seen it happen too many times. If the flop is 7-4-10 and you bet, they will fold their K-9. Check it down and you will lose the hand nearly 25% of the time.
When it gets three handed, it's time to pick on the scared player. If nobody appears to be scared of bubbling, play your cards a little more. Don't play too much against the shortstack. If you have 2,000 chips and the chips the chip leader has 6,000 there is no reason to switch places with the player who has 1,000. You'd be surprised how much people are willing to gamble on the shortstack. Be patient. Weak aces are good to raise with but not good enough to call an all-in raise or re-raise. Be prepared to fold.
But what if you are the shortstack? Hang in there. Don't push with garbage. There is always a chance that the other two players will bump heads. If this happens you cash. You must be willing to fold your blinds in these tournaments.
Defending you blinds here is not worth it. In one tournament it was three and I had 200 in chips left after a cooler. The chip counts were something like 6,500, 2,300 and 200. The blind were 50-100 and I was in the big blind. The chip leader raised to 200 on the button and the small blind called. I folded by 8-4o. They got involved in a betting war and the small blind got knocked out in third place. I cashed. Never give it up. (I actually got back up to over 1,000 chips before busting out. I could actually have won it.)
Once you are heads up you are playing for $10.80. You are each guaranteed $12.60. You want this money. The blinds are usually not that high since it is a six handed tournament. There is actually some decent play for a little bit. Don't dunk off your stack, however you must be aggressive. I am not a heads-up expert so I don't want to start giving advice in that area but I will say that others are far too willing to double up a shortstack when heads up in one of these tournaments. They figure that they have cashed already so let's just end it. Whoever wins, wins. So if you are the shorter stack, look for opportunities to double up and if you are the big stack, don't give it away.
To sum it up, here are some key points to follow:
- Build a weak-tight image during the first two blind levels.
- Fold all but the best hands early on.
- Never limp. Raise or fold. And be prepared to fold to re-raises.
- Never slow play.
- Always follow through with a continuation bet on the flop after a pre-flop raise.
- Keep your raises at four times the big blind with A-A, J-10s or 7-2o.
- Keep your stack even or up a little until it gets four handed.
- Start getting aggressive four handed.
- A good steal position is the cutoff.
- Pick on the scared player when it becomes three handed.
- Don't trade places with the shortstack three handed.
- Do anything to cash, even folding a huge big blind with a bad hand.
- When heads up, be aggressive.
- If you are shortstacked, look for opportunities to double up.
- If you are chip leader, don't double up the shortstack to try and end it quickly.
Addendum: There is one important piece of strategy that I had to add. If you are three handed (or heads-up, although you might be able to wait one or two hands) and the blinds are really high in relation to the stacks (for example the average stack is 3,000 and the blinds are at 200-400) it is time to become super-aggressive. Don't ever limp. Don't even make a standard raise. I personally move all-in until I win or bust out. There is simply no play left in this game. You have to hope to get lucky (or not get unlucky). Chip leads mean nothing at this point. Push and hope for the best. In one tournament there was an epic three handed battle. No one would pay anyone off. When the blinds got super high I pushed all-in every pot. By the time the other two realized that they needed to defend it was too late. They had no chips. It took 35 minutes three handed. When the blinds got high I won the tournament in less than 3 minutes.
See you on the felt,
The Monster Stack
