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Late Registration? Game theory
114
7 months ago
Why would someone register at the last minute of a tourney, with the blinds so high relative to starting chip stack? They will have one maybe two big blinds and no fold equity... Just a prayer to get a good hand to go all in with maybe 10 chances!? Can someone prove me wrong, does this seem like a horrible strategy?

I was up late last night and saw a $1.10 tourney with 8 coupons guaranteed for an $11 ticket... With only 20 people registered at the time, I liked my odds of winning a ticket given my style of sit-n-go, position play, basically Im going to last longer than you proven winner strategies.

Little did I know the smart money was all over this game... When I opened up all the other tables in my tourney to watch the other players, really just to keep me busy and not blow up by being so focused on one hand and doing some stupid bluff. Over half the field had ribbons by there name! I knew i was in for tough one with my hard earned freeroll $.

So Im an hour into this thing and over 60 people have registered! Still not bad odds to make a ticket, I believe in game theory that I could play this thing 8 more times with the same avg 60 people playing and win a ticket in one of them for $11 to make some profit. Possibly 2 or 3 given my skills with a little good luck, or at least not any bad luck in my case...

Which gets me make to my question or just letting out a little frustration, I win some pots, folded some possible winners, but around chip avg all along the way trying to outlast the others to 8th place... Im in pos 9/17 working the blinds getting ready for final table to make ticket... When a rush of new people come in at end of registration! They see one maybe two hands then all in? (Insert typical bad beat story, but two in a row seems cruel). Has anyone seen this before? Is this to be expected? Can this type of game be profitable in the long run? My game theory gets a little off trying to account for dumbasses.
626
23
7 months ago
I've never really seen it like a SWARM on the tail end of "late registration" before, but it does happen. I mean, think about it though: if there are only 17 players left, and the top 8 get paid, if you ARE NOT a competent poker player (ie. know that the blinds will swallow you up soon), then you'd probably think you'd have pretty good odds if you registered right at the very end there!

I guess some people play well shortstack (they know what hands to look for for a reasonable double-up), and if they can do this successfully, then maybe they can play decent poker while the last 10 positions or so get knocked out and get the tournament ticket.

I know it's kind of unfair to the people who registered earlier and who either got knocked out already or are shortstack after their playing anyway, but it happens, and when registering for a tournament, late registration is something that you definitely have to take into account.

I take it from how you worded it that you had a bad beat to one of these late buy-ins?
Edited by MatthewCluff 7 months ago
7
Canada
Male
#3
150
2
7 months ago
In the game your speaking of it's the one where 1st has a $109 ticket and depending on number of people and re-buys their are like 8 more $11 tickets. Reason why you get so many people last minute for this one is the add-on is $20K and only after add-on does this tournament actually start. Personally with under 20 people and an investment of under $4.
This tournament has a ton of value. really tough to win the $109 b/c it's all flips right to the end.
114
7 months ago
No, I never play the rebuy tourneys. Too many "bingo" players in there for me right now with my new hard earned free bankroll... What you said is true though, I can see why someone would want to jump into that particular rebuy tourney at the last minute. The one I played similarly had a lot of value too... I was questioning the strategy of multiple players who joined at the last minute of a regular satellite tourney, when the blinds are more than half of the starting stack, just to go all in the next hand... It was definitely a variable I was not expecting and they got lucky on me twice and took me out... This probably should have just been a post in the bad beats forum.
348
3
7 months ago
I have to admit I've been guilty of this myself... i have done it for numerous reasons. To avoid the donkfest is a major reason. So I won't play badly myself and continue to rebuy until I am completely broke lol.... if you get in right before 1rst break rebuy and then addon you're in a descent position.... maybe it is just me, but I find it easier
114
7 months ago
Hmm... Thanks, yall have raised some good positive points about entering the rebuy tourney late. I have never played rebuy tourneys for those exact same reasons you mentioned, but with a 20k add-on, I can see where it would be possible to pick up some value and sneak into the back door and make some money. Although, I have to stick to my point that if it was a basic starting stack add-on, or the no rebuy/add-on regular tourney satellite like I played in... I dont believe, well thanks for letting me vent on here, I guess I am still ticked off and it does not seem rational for them to expect to win over the long run with the bingo strategy that took me out after an hour of hard work...
Thanks for all the comments, and I will watch the rebuy game with the big addon and see if I can make it profitable for me.
T
USA
Male
#7
632
7 months ago
If you're talking about a $1 buy-in (or even ten times that) you have a lot of people who went bust, or went bust and received rakeback with almost no money on their accounts. I'm sure it's more exciting to join a tournament with that money than playing 0.01/0.02.

Others may have a bankroll but sit at work and just want some action for a cheap fee. Even I do that from time to time, when I have a really boring task ahead and want to waste a dollar or two just to play a hand once a minute.
48
7 months ago
Personally, I dont believe there should be a late registration!! I honestly think its unfair to those players who have played for an hour or 2 prior to someone new coming in!! I mean if there is late registration I can understand maybe 15 to 30 min. late registration but not like some tournaments that have 2 and half hours late registration I think thats quite overboard!
242
7 months ago
Aman jay
there should be no late reg,
wayyyyy overborad.
no more then 20 min, late reg. is all anyone should need in any game
6
Latvia
Female
#10
69
7 months ago
This is a very bad thing. Regal in the tournament with 150 bodies, and an hour run over the left registration is 400, and the time for such an event you do not. When I got did not know how many takes it late registration ... Thought for 10-15 minutes, so no. It is clear that since the prize pool will stuff more, but I'm not a lottery-marathons with a wild number of participants, even if they are with huge prizes. Now if you would think of MTT drive, it does not at Stars, better vinyl rooms, but known in advance the number of participants.

This thread has been closed for new replies since it was either first created over 3 weeks ago or the last reply was posted more than 5 days ago.
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