I personally try to avoid late registration if possible. Of course, there have been occasions when something has prevented me from being there for the start of a tournament, and I had no choice but to register late. Even still, I usually won't join a tournament past the 3rd blind level.
From the site's point of view, I can understand the reason for having late registration. It allows more players to join, which of course increases the amount of the tournament fees they collect as well as the prize pool. As the prize pool climbs, it entices more players to enter. I see some regular tournaments with three player minimums that get cancelled regularly because they don't have enough players. But once they start, they usually end up with at least fifty players. Players seem hesitant to join until the field has increased enough to create a worthwhile prize pool. Of course, the higher the prize pool builds, the faster players start registering. So as more players join, more players join. But nobody wants to be first. After all, who wants risk their money on a tourney where you can cash and still end up losing money. As you might expect, the tournaments with guaranteed payouts are going to have the longest late registration period in order to give as many players as possible the opportunity to join in hopes of covering the guarantee. Of course the higher the guarantee, the longer the late registration period.
Again, this all makes sense from the poker site
's perspective. From the player's perspective, I can't understand why a player would intentionally avoid joining a tournament as early on as possible. I want to be in there taking advantage of every possible opportunity chip up. That means being there from the first hand dealt. I am particularly bewildered by players that choose to wait until the very end of the late registration period to join a tournament. By doing so, they are quite often choosing start a tournament with a few as fifteen big blinds, and sometimes less. They are essentially handicapping themselves to the point where they take their seat so short stacked that they are playing all-in-or-fold poker from the moment they sit. In my opinion, it turns poker playing into gambling. You're pretty much giving yourself raffle ticket odds
in the hopes of being dealt one hand worth risking all your chips on. And even if you are dealt that one hand worth risking you stack on, it's not guaranteed to hold up. We should all know by now that the best starting hand doesn't always win.
I don't even want to get into Sharkscope. All I will say about it is that I know for a fact that it is wildly inaccurate.