Just as the number of needed cards you see reduces your chances of improving your hand, your position in the sequence of betting may also reduce the pot odds you are getting. If a player ahead of you bets and there is a possible raise to your left, you must be cognizant of the fact that that possibility cuts down on your odds. If, for example, there is a $100 pot and the bet is $20, you appear to be getting 6-to-1 odds ($120 to $20). However, when there is a raiser behind you and the original bettor calls, you are really getting only 41/2-to-1 if you call the raise. Although the pot has grown to $180, you must put in a total of $40. If the original bettor reraises, your odds drop to 3%-to- 1. The pot grows to $220 (assuming the opponent behind you calls the reraise), but you have to put in $60. What's more, your chances of winning, even when you make your hand, have certainly decreased with all that raising going on between your opponents, suggesting they have pretty big hands.

How does the concept of position vis-à-vis pot odds work in practice? Let's say in seven-card stud you have a four-flush in six cards and a player to your right bets after pairing his door card. (The door card is the first open card the player receives. When it is paired on board, trips, or three-of-a-kind, is a strong possibility since the player may have started with a pair.) At the same time that the player with the open pair bets, you notice that a player to your left has caught a card that looks as if it has made him a straight. Before you call the first bet, you must be aware that the player to your left may raise if he made a straight (or even if he didn't). Furthermore, the original bettor may reraise with three-of-a-kind or, of course, a full house. So before calling the first bet, you have to assess your pot odds not just at the moment but in the event there is a raise or two behind you. You also have to decide what your chances of winning are if you do make the flush. You would, of course, beat the straight, but the question is whether the original bettor is the kind of player who would bet into a possible straight with less than a full house or at the very least three-of-a-kind. Adjusting your pot odds before calling a bettor to your right with players behind you comes up most often in games like five-card draw, draw lowball, and hold 'em, where position is important.
[ 1 ][ 2 ]
Tournament Structure
The standard model for a tournament is that for a small buy-in you get a fixed number of chips. At fixed time intervals, the blinds, antes, and/or limits are increased. Doubling every thirty minutes is common. In larger tournaments, they might double every hour, in small tournaments every twenty minutes. The intent of the design of the structure is to ensure a timely completion of the event. Small events are intended to be over quickly.

Part of the buy-in is juice-money that is paid to the house as a fee and doesn't go into the prize pool. This is usually expressed as 20+5 for an event with a $25 total entry fee, $20 of it a buy-in that goes to the prize pool and $5 of it going to the cardroom as a hosting fee. In the very small tournaments, the juice can get to be pretty large as a percent of the prize money. High juice does tend to keep the better players doing something else: competing in the small buy-in tournaments. So high juice isn't all bad for the new or novice players.
eXTReMe Tracker copyrights © 2005 all rights reserved. Online Poker Guru