Double or nothing strategy to help in a double or nothing poker tournament can take you a long way in these new tournaments. For purposes of illustration, understand that such a tournament is one in which 10 players start and in which the last five players left are paid out double the amount that they paid to buy in.
When you come to the tournament, take care to check out who the competition will be on the sign-up sheet. If there are four or more names already on the sheet, the chances are good that you will be playing with regulars. This isn’t bad, but it does mean that you will have to adjust your style of play to compete against regulars where as your style can be more loose competing against random players.
Most experts in poker advise that you go into the tournament with enough buy-in to comfortably back your play. For professionals, the recommended minimum is at least 40 buy-ins while recreational players are advised to start with at least 20 buy-ins. In a tournament — which is typical — he’ll start your equity position at and you will double it at . 55
When it comes to strategy, beginners need to remember that anytime they open from an early — meaning close to the dealer — position they will want to have a strong hand such as a big pair. In some cases, the Ace/King combination can also work, but that would be the bare minimum in order to open when you are so close to the dealer.
Those players and down or later positions should feel free to look at their openers and scale them down accordingly. Never call a push if you are left only with fold equity once a hand has been completed. If you do that, you’ll need to have at least an 80% chance (called “odds-favorite”) just to attempt a breakeven bid.
As a general strategy, keep in mind that early in the tournament you should play very tight poker. In the middle of the tournament, try to maintain your stack and in the late stages of the tournament you will want to keep yourself from going out on what is called the bubble. Following a basic strategy such as knowing your buy-in and your fold equity will take you a long way.