The Prime Directive | Surviving While Accumulating Chips - Part 1 

Thoughts on No-Limit Holdem


Article #1
Survive:
The
Prime
Directive

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Thoughts
on No-Limit
Holdem

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by

Walt Nelson

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Survive: the Prime Directive
(Page 1 of 3)

In which we discuss the most important concept
in No-Limit Holdem.

If you are a Star Trek fan, you already know that the Prime Directive of the starship Enterprise was "Non-interference with alien cultures."

If I were to ask you what is the Prime Directive for a no-limit poker player in a tournament, you might say, "To win!" Well, not quite. Winning is the goal (the mission), but it is not the Prime Directive.

To understand the difference between the Mission and the Prime Directive, let's use the Star Trek analogy. The goal of the starship Enterprise was exploration: "To boldly go where no man has gone before." However, while exploring the Universe, the Enterprise was ordered to always keep in mind the Prime Directive: "Do not interfere with the alien cultures that you encounter while exploring." So we might say that the Mission is the goal, and the Prime Directive is the basic rule of conduct when you are pursuing the goal.

Following that line of thought, you and I can probably agree that the mission when we enter a no-limit tournament is to win: to take first place, to make the final table, or at least to finish in the money. So far so good; but the point at which we might disagree is when we start thinking about the prime directive: "what is the basic rule of conduct when we are pursuing our goal of winning a no-limit holdem tournament?"

Most poker players believe that the basic rule of conduct is to constantly look for ways to accumulate chips - and you will probably agree. But before you get too committed to the idea that "accumulate chips" is the prime directive, let me ask you some questions.

Let's assume that you enter a poker tournament along with 999 other entrants; let's also assume that every player begins with 1,000 chips; and let's further assume that there are no re-buys.

 

Given those assumptions, what is the minimum number of chips that you must accumulate in order to:

  • Finish in first place in the tournament?

  • Finish in second place in the tournament?

  • Make it to the final table?

  • Finish in the money (the top 100)?

Answering the first question is easy - to finish in first place, you must win all the chips: 1,000 chips times 1,000 entrants = 1,000,000 chips.

But can you tell me how many chips it will take to finish in second place? tenth? one-hundredth? No, you can't. Why? Because first Place is the only position that requires that you accumulate a set number of chips (all of them). But for the remaining places, all you have to do is outlast the other players. You could be down to one chip, but if you are the last person eliminated, you will finish in second place. If first place is $10,000, you would win approximately $5,000 because of that one chip that you still had after the 3rd place finisher was eliminated!

Have you ever thought about it that way? I first became aware of this phenomenon several years ago when I signed up for an online No-limit Holdem tournament on PartyPoker.com, and then I lay down to take a nap. I was very tired, so I didn't hear the alarm. When I woke up, the tournament was halfway through the second hour, and the blinds had eaten up half of my chips. I had only 510 chips remaining of the original 1,000. Before I won a pot, the 510 chips had dwindled down to 400. Winning that pot brought it back up to 910, but most of the stacks at my table were in the 3,000 to 10,000 range - so I was severely short-stacked.

I didn't give up; I kept trying to build up a stack - and every time it looked like I would be eliminated by the blinds, I would catch a good hand and win a pot. Also, several times, I was able to steal the blinds when two tight players were in the small blind and big blind and I went all-in.

Continue to Page 2...


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Walt Nelson & Associates
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