TPE Theory: Getting Off on the Right Foot with Andrew Brokos (Part 3)

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TPE Theory: Getting Off on the Right Foot with Andrew Brokos (Part 3)
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MORE IN THIS SERIES : Part 1 | Part 2 | Part 4 | Part 5

Concepts In This Video: • •

20 Responses to “TPE Theory: Getting Off on the Right Foot with Andrew Brokos (Part 3)”

  1. lafauriea

    you basically said it is not worth playing MTT right? 20% ROI+time putting to get it – it is better to play on stock market, if you know something about it. so cash game is better in your opinion?

  2. Foucault

    I don’t think I said that, but I do think a lot of people overestimate or just have no sense of what it’s worth to them to enter an MTT. Of course there are other reasons to play them, fun being chief among them, but if you’re playing to make money, you should understand what exactly you’re making. I don’t think the issue is as simple as “stock market > cash game > MTT”. But the whole “you could win $100K off of a $100 buy-in an MTT, can’t do that at cash!” argument is flawed, IMO. By that logic, you might as well go play the lottery.

  3. Annwendeva

    Andrew, I joined a month ago but Im already a fan of your videos! I saw some of your videos under the Poker University part of the website then I found “Hand Reading”, “making better continuation decisions”, I started watching “getting payed” -I still need to finish that series, just made a pause to watch these ones. After that I would like to watch the Bluffing ones…You are very professional in your videos, you explain things really well and at the same time you make it interesting & even funny at times, can´t wait for the next one! the only downside is that sometimes when I wanted to rate one of your videos I wasn´t able to do it…as a beginner there´s so much value in all of the videos I´ve seen from you, so much to learn! will definitely re-watch most of them they all get high ratings from my part 🙂

  4. Annwendeva

    OH and thanks for the recommendation on the SnapShove…I just got the full version. Looks great for training! 😀

  5. Foucault

    Thanks, Ann, that’s very kind of you to say. Sounds like you’ve found all of the videos I tend to recommend watching first, so good work, and all the best in your poker journey!

  6. BadAstronaut

    In your reply to the first comment you said “you should understand what exactly you’re making” – what do you mean by this? The % ROI as a $ value?

  7. BadAstronaut

    Also, can you please define “passing up edges” and give a couple examples of thin vs big(?) edges one might pass up?

  8. Foucault

    By passing up an edge, I mean folding in a situation where you think that something other than calling would have a positive EV, measured in chips. Of course in tournaments chipEV doesn’t map perfectly onto $EV, and when you pass on a +chipEV spot because you think it is -$EV, you are passing up an edge.

  9. gary170764

    Hi Andrew just 1 question something that confusing me. When should I register late for a MTT ?
    Ive not played many MTT’s so far but Ive never late registered. I know you said if were above average or can beat that 20% fee late registration is detremental to us so presumably the opposite is true ?. But if it is then why would we be playing in a MTT where we didnt think we could beat it sufficiently enough ? As a caveat I do remember once there was this weird satellite where late registering was a must do was long time ago ive forgot the exact details but it was something to do with a huge addon

    • Foucault

      Gary,

      The vast majority of people in any given poker tournament do not have a positive expectation. As to why they play it, you can speculate on that as well as I can. Probably a combination of entertainment and self-delusion. The main reason to late register would be if for some reason you aren’t able to get there on time, or have some way of monetizing the first hours of the tournament that is worth even more to you than playing the tournament.

  10. gary170764

    thanks Andrew – after I typed it I thought yeah fun so for now I will register at the start.as I have been doing

  11. Doke

    This is a great series. One minor quibble: you said about 13 minutes in that someone who late regs a tournament and has 10k in chips does not have only half as much chance of winning the tournament as someone who has a 20k stack (the average) at that point. Actually they do: in a tournament where nobody has an edge, your chance of winning the tournament at any point is (Your Chips)/(Number of chips in play).

    The reason it is plus Ev to late reg is not that you have a proportionally higher chance of winning (you don’t) but because of ICM you have a slightly better chance proportionally of finishing in every other position in the money.

  12. Radriguez

    Doke- I think the point he is making is that the chips in the 10k stack are worth more, each, than the chips in the 20k stack. Or differently, the first 10k of the 20k stack is the same as your starting stack, but 2nd 10k in the 10k is worth less than the first. So the 20k stack has a better chance of winning than the 10k stack, but not twice as much of a chance. Is this correct?

    Really liking this series. 2 quibbles: 1) It leaves me me kind of depressed that tournaments are such -EV choices, because I am average (or probably below average in a bigger buyin tourney) and I enjoy them much more than cash games. And 2) The volume is quite low on your voice. I have my computer up to max volume and it’s still kind of hard to hear. Any way to get your mic closer/louder on next series?

    Overall, really diggin series though. It’s a broad overview that every poker player student should at least understand. Learning much, Thx

  14. acerhart

    I’m a new member and a losing player but this is very enlightening. Feel like I have been too loose early in mtts and too tight late!!

  16. longsense

    Hello Andrew

    Really liking the series. A bit unsure what you mean by ROI, would the following be how one would figure out what one’s per hourly expectation is for tournaments?

    you have a 30% edge in a $100 online tourny (don’t consider rake for simplicity). So on average for every tournament you enter you get $130 back. Averaging out the times you bust out early and the times!! you go deep you average playing about 3 hrs per tournament. So for every tournament you play you have an expectation of $10 per hour. You play 4 tables of the same buy in and type of tournament at a time. So you have an expectation of $40 per hour for that particular series of tournaments, for investing $400 at a time. Is that correct??

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