re: Poker & Cash Out Tourney Strategy
Originally Posted by shanks99
2) Assuming +EV, when is the best time to cash out
As in many other poker decisions, I think the answer is "it depends".
As it gets deeper into the tourney, I think the answer gets easier, since the value of the cash out stack is getting lower in value relative to your M.
For example, late in the tourney at level 15 when the blinds are 300/600/70, each M is worth 1530 T$. If you cash out 1500 T$, you get $10. So in this case as long as your stack is healthy, you should cash out as much as you feel comfortable.
You can think of it in another way. In the WSOP
main even, if around day 4 or so you offered the option to cash out 2x your starting stack (40k T$) in exchange for $10K, I'm sure there would be a large portion of the field that would take this deal.
So for the question of when to cash out, I think you have to pick a point in time in the tourney when it makes sense for you and it won't make a significant
impact on your ability to win the event.
Also, I think you need to make a decision once you're ITM, how much is your stack worth in cash out terms vs. your probability of going deep. This is based on the fact that you need to be at least FT to make any decent a decent pay.