today's anecdote on this topic
Hi Hi
I read today a player suggesting that it is best to register for a MTT late - right before late registration ends
I am puzzled and hope some experienced players can give the pros and cons of this strategy?
thanks
So...this is anecdotal, not proof of any argument. I had a step 5 ticket for the Venom $5 mil tourney on America's card room. Got home...saw they had a step 5 satty underway... 39 players for 13 spots or so... down to 25 players. I decide to jump in at level 9, 12 levels of late reg
Blinds are 125 250, so 20 BBs I check the top 10 players. Only 1 real shark and a lot of stiffs, so it seems like a good investment. 15 mins later... blinds up 2 lvl to 200 400, I have about 5K still. In BB with KQ, folds to SB who snap shoves. I have around 10 bigs. I call. SB has 10 2, hits a 2 on the turn. I'm out. Now there are a few players with a LOT of chips and everyone battling for the remainder of 15 seats... but only 21 players left, so I re-enter. First Hand I am in BB. Big stack min raises. I have AK and shove. Villain has AJ. Flop is KQx, villain hits a straight on turn. OUT
3 mins left of late reg...17 players for 15 spots... I am seriously considering another entry. I would be ahead of bottom stack and it seems like a "smart" investment. I wait until 1 minute left and register. 7 other players have the same idea.
Now it's actually a bad investment because I am effectively against about 13 or 14 players for about 3 or 4 spots...everyone else has a "safe" stack.
They end up paying 16 entries and $139 in cash for 17th (which wound be a loss of course) I picked my spots and got lucky and snagged one of the step 6 seats...but it was hairy as hell and looking back, that last re-entry was not a great investment.
I'm waiting to play a ste 6 until I have at least 2 entries.
Amusingly, I had a sep 4 enry in my ticket bank. Jumped in when I this was over and got AA my first hand. early pos. raise 3X, late call, button and BB call. Q10 3 flop, BB checks, I bet, late raises, BB shoves... I am in for about 40% of my stack and if I hold up, I can nurse this to another level 5 ticket. I call, snigging a KQ and a flush draw...they BOTH have Q 10 and I get bounced.
In a "regular" tourney, I can fold here pretty easily, but these step satties, especially lower levels play crazy, hence the call.