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FORMULA®2
Advanced Strategies for Big Money TournamentsPOKER
| -TOURNAMENT-
FORMULA
| = ARNOLD SNYDER =
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‘About the Author
Arnold Snyder isa gambling legend revered by millions of players
who have made money fiom his advice. He snakes his living as a
professional gambler and consistently ranks in the top 5 percent
of professional tournunent poker players. Tu the 2007 WSOB,
for players who entered at least ten events, he ranked among
the top five players, percentage-wise, for cashes per tournaments
played. He is the author of many ties, including the sensational
companion book, Poli Tournanent Barna
Wisely regarded as one of gambling’s top analysts and strategists
he has ofien appeared as an expert witness in incustry-related court
‘cases and hats lectured on the mathematics af gambling at major
universities including Cornell University in Ithaca, the Universi
of California at Berkeley, and the University of Nevada in Reno,
He was inducted into the Blackjack Hall of Fame in 2003 as one
of its seven charter members. He lives in the mountains west af
Las Vegas with his wife and gambling parmer, Radas, and their
five carsSu
b ® |) TABLE OF
SIS CONTENTS
INTRODUCTION... save VD
‘Most Of what You Know fs Wong ”
Hos This ook is Ditierent From My Hes Poker Bok 1
PART I: PRINCIPLES .. pe 2S
fic ily 1. THE BIG SECRET: CHIP UTILITY... 25
geen {CHS ARE AMMUNITION-NOT MONEY 2
THE FUNCTIONS OF HPs ta TOURNANIENT.- 33
Poh Uy Fete 33
Tese-lop/Tarn lay Bancions 3
Kier ly Fancons, 3%
SHORT ON CHIFS EQUALS SHORT ON UTILITY. 38
EMGTIONALINTELIGENCE 2
THE FUNDAVENTAL LAW OF ChIP UTLEY mn
THE SKILL FACTOR “6
Cp Un AND Pot bbs ae
CCHIP UTILITY—THE PROS’ SECRET.
WHY IS EVERYONE PLAYING WRONG?
3
5s
THE BIG BONER ae sas 8
HOW CHIP VALUE THEORY AFFECTS STRATEGY ea
‘THE DEBATE OVER CHIP UTIUTY THEORY veennnmsnnenen 63
WHAT ABOUT TRMIAL WINS AND LOSSES? nnn 66
‘CAN WE EVER ASSIGN AN EXACT DOLLAR
\VALUE TO OUR CHIPS? .(CHIP UTILITY AND “GAME THEORY’
‘THE MONOPOLY CONNECTION
(QUANTIFVING CHP UIT...
Dosninan Us
Pall Ulity
Compedisve Ua
Moderate Uli
Low Using
No Usisy zy
HOW STYLE AFFECTS UTILITY ono
PUTTING NUMBERS ON UTILITY...
SUMMARY...
|. ANALYZING A TOURNAMENT'S STRUCTURE:
THE UTILITY FACTOR...
THE PATIENCE FACTOR
Works Mest Patent Paver
Meecuing the Bind-O Tne
plications of the KlineO" Time
Blind Sieucure Males Big Dilerence
‘THE PATIENCE FACTOR IN SLOW-STRUCTURED EVENTS...
Comparing Seven WSOP Event.
Stractare and Tournament Speed
‘THE TOURNAMENT UTILITY FACTOR
RANKING TOURNAMENT VALUE BY STRUCTURE.
Udy Factor Blow 5; Rank 0 Touraamentsrsscsos 108
Vit Faetor 6:20: Rank [Tournaments oe
Uiiity Factor 21-00: Rank 2 Texrnaments oe
Uailiry Faetor 61-100 Rank 4 Tournaments os
Usiisy Factor 101-200: Rank 5 Tournaments oe
Uy Factor 201-4 Rane 6 Tournaments 06
BUYIN DOES NOT EQUAL LTLUTY.
ADJUSTMENTS 10 THE UTUTY FACTOR
UTILITY FACTOR...
BEWARE OF WEIRD BLIND STRUCTURES...
‘Sammasy
3. UTILITY ODDS
POT ODDS: THE WRONG MEASURE cnn 7
S1.C00 WSOP Example ur
WSOP $19,000 Man Event Example m0
Another WSOP Man Bovnt Example ke
UTILITY ODDS REQUIRE JUDGMENT...
PART II:
SMALL BALL VS. LONG BALL VS. UTILITY...
‘SWALL-BALL STRATEGY OVERVIEW.
LONG: BALL STRATEGY OVERVIEW.
SMALL BALL AND UTILITY
‘oval Hall ands to Play
Raising Hinds and Stations
Keeping Your Chips in Action
‘More Smal Holl Aer the Flop
Semall Ballin Action.
Manipalsting Yor Opponents Uubty
Bembene thai Sack
(OFF TO THE RACES.
Making Race Decisions
The Conysutional Waidon on Cain Fs,
The Blatematis of Raciy with Bie Shc,
The Mathemies of Rain with ig Pais
Cam a Proftnile Raving Strategy Be Devic
Races: A Uitty Decision
JOHN PHAN-SNAPSHOT OF A LONG BALL LEGEND .
‘THREE TIPS ON GETTING STARTED IN PRO-LEVEL EVENTS....160
ip One 10
sp Tn 1s
ip Thee 1325. SHIFTING GEARS.
FORGET THE “GAP” PRINCIPLE IN TOURNAMENTS
HOW TO PLAY A "RUSH" AND HOW TO FIGHT & "RUSH? on 167
HOW To PLAY IN LOW GERR...
PLAY IN THE DARK.
6. BLUFFS, READS, AND THE PSYCHOLOGY
(OF THEFT.
STEALING SMALL POTS VS. STEALING BIG POTS.
Tey Larceny
Grane The
FIVE EASY FLEECES, -
1 The Blind Sel
Discussion
Suing ae Blinds Hoan the Hijack Seat
Stealing the Blines Brom the Calf Seat
Sica tae Bins From the Button
2. The Coninaaion Bla.
Diseussion
3, The Posiion Blu! After an Opponent Limps
(or Cheeks
Tiss
A. The Information Bla
Discussion
5, The Vale Bet Ball
Discusion, a
HOW TO MAKE UP YOUR OWN BLUFFS..
THREE COMMON BLUFFING MAVTHS,
1s Too Ey Bla?
Lk Taker « Stu Ungar t Hire Three Sho
8: Amateurs Don’t Take Shots
How NOT TO BLUFF.
WHY SO MANY PLAVERS TODAY MAKE BAD BLUFFS.
‘Why Blafing According to “Came Theory
is a Misake.. :
A Dro Poker Payee Chins In
Sklansky’s Bad Buafing Adhice
Don't Blame vo Neuaa
Real World Bhaing
10
PLAYER TYPES IN PRO-LEVEL TOURNAMENTS sons 216
The Harish. ae
he Killers a4
The Super Stare au
he Hangers-on
The Groepes,
LOOKING FOR TELLS ON YOUR OPPONENTS.
WHEW A PLAYER STARTS TO ACT OUT OF TURN.
WHAT IS A READ? (THE AMAZING KARNAK).
SUMMARY... -
222
224
226
oar
7. ATTITUDE: TWISTIN’ THE KNIFE
WITH A SMILE.
TEST QUESTION... .
ADDING ATITUDE TO YOUR WEAPONS...
Developing due “Rid” Aude
Daniel Nerranu Shovsing Down a Balt 233
Be Care About Announcing Oppenents Cate. 256,
Depessoaaitzing the Fem
TEST ANSWER...
8. TABLE IMAGE: THE FEAR FACTOR...
TABLE IMAGE IN TOURNAMENTS VERSUS CASH GAMES...241,
JOHN FOX'S THREE ADVANTAGEOUS IMAGE TYPES...
THE INTIMIDATING IMAGE: HOW TO TIGHTEN UP
YOUR OPPONENTS se
THE WILD IMAGE AND BLIND SNIPERS.
Enhancing Your Wild Image:
Don't Show Every Trash Hand
DEFENSIVE PLAY: DON'T TREAD ON MIE.
Defencinghe Blind
Information Het
Concinuaion Bet
Against Welk Players,PART Ill: STRATEGIES.
9. THE FIVE PHASES OF A
POKER TOURNAMENT.....
THE FIVE PHASES.
PHASE ONE: STACK BUILDING...
PHASE TWO: THE MINEFIELD...
PHASE THREE: THE BUBBLE.
PHASE FOUR THE MONEY
PHASE FIVE: THE FINAL TABLE...
10. PHASE ONE: STACK BUILDING—TAKE THEIR
CHIPS WHILE THEY'RE NAPPING.
THE SURVIVAL FALLACY..
MARK SEIF GONE WILD...
Sais "Dig" Hane
Analyzing the Has,
SK AND REWARD IN PRO-LEVEL SHORT-STACK
TOURNAMENTS...
SHORT STACK PHASE ONE STRATEGY: 7 GUIDELINES....277
Guideline | 27
Guideline 2 277
Guidcine 3 SuLaT7
Guideline # Lliiconnes Conn a7
GUMEENE coeneweesonecsenedenace 270
Guideline 6 eee 279
Guideline 7 20
DDEEP STACK PHASE ONE STRATEGY: 6 GUIDELINES. 280
Guiditine L am
Guideline 2 Lo oo 381
Guideline 3 — nn 301
Guideline Foo oe
Guideline 5 Sos 283
Guideine 5 i 383
(ON TO PHASE TWO... 284
11. PHASE TWO: THE MINEFIELD...
WAITING FOR THE CARPATHIAN on
USING THE STACKS AT BLIND-OFF MME AS A TELL.
The Stony Tal by the Seacks
Starts Getting Dangerous!
You'll Know Whe: the Minels His
Buunping sto Shar: Stacks
Sorte and DeepStack Tournaments
ATTACK DYNAMICS... "
‘Minefield Attack Dynamics
PLAVING A MEDIUM STACK DURING THE MINEFIELD...
Gown x Real Hand,
A-O During the Mink Phase
Tiehtay Ansiments in Favor of Fate AQ.
Arguments Against Fading AC.
Why You Dent Fold
LIVING A SHORT STACK DURING THE MINEFIELD...
PLAYING A BIG STACK DURING THE MINEFIELD,
BIG STACK VERSUS AVERAGE STACK...
The Bitch Slap.
BIG STACK VERSUS BIG STACK
WHEN A DESPERNTE PLAYER PUSHES ALL IN
Teokaing When You're Not Uslity Consticted
Ganging Upon a Skill Phyer
READY FOR THE NEXT PHASE.
12. PHASE THREE: THE BUBBLE—
A BUFFET OF CHIP SANDWICHES eennnew
MAKING CHIPS OR MAKING THE MONEY?
THE BUBBLE IN RANK 1-3 (SHORT-STACK) EVENTS.
THE BUBBLE If RANK 4-6 (DEEP-STACK) EVENTS
PLAYING A SHORT STACK DURING THE BUBBLE.
ra Fo
Trotvecad,
PLAYING AN AVERAGE STACK DURING THE BUBBLE
Tivo Live Card with an Average Stack,
PLAYING A BIG STACK DURING THE BUBBLE...
{WHAT COMES AFTER THE “DINNER” PHASE”
289
2a
203
294
298
289
su
su
301
303
305
306
308
309
sia
311
sn13.PHASE FOUR: THE MONEY—
EXPLOITING MASS RELIEF...
THE THINNING OF THE HERD enn
THE MONEY PHASE IN RANK 1-3 EVENTS... 388,
‘THE MONEY PHASE IN RANK 4-6 EVENTS,
‘THE SEABISCUIT MOVE
(GUARDING AGAINST SEABISCUIT
SHORTHANDED PLAY orn
‘SHORTHANDED STRATEGY CONSIDERATIONS BASED ON THE
MATH
14. PHASE FIVE: THE FINAL TABLE—
LAST CHANCE TO SCREW UP
POWER PLAYS AND TRAPPERS..
‘SHOR-HANDED PLAY ITH FEVER THAN FRE PLAYERS. 556
[MY OWN FINAL TABLE EXPERIENCES...
My Toutnaruett Record sen
HOW NOT 10 PLAY & FINAL TABLE
Mistake #1 Giving “Free Cand hy Pushing All in 360
Analysis 301
Key Udlity Decision. a8
$5,000 Circuit Event land. sccssozene 4S
‘Analysis * 566
Mistake #2. Caley Blinds. 367
vn 360
Analysis
15.CASHING OUT,
“
PART IV: FOR HARD CORE
PLAYERS ONLY..
APPENDIX A: BANKROLLING YOUR PLAY.
INTRODUCTION ere BTS
QUICK, EASY GUIDE TO STANDARD DEVIATIOW vce nannn 376
HOW MAUCH BANKROLL 'S NEEDED? 379
HOW MUCH OF AN ADVANTAGE DOES A
TOP TOURNAMENT PRO HAVE? ronornen 308
ANALYZING PLAYER OF THE YEAR RESULTS 585
‘THE "WEAK FIELD" EFFECT... 390
SNYDER’S BANKROLL FUDGE FORMULA. ne
Skil Level Adjustments 395
APPENDIX B: SATELLITES: ARE THEY
WORTH IT?.
SSATELLITES AND RISK OF RUIN wun SOD
THE ‘HOUSE EDGE” ON POKER TOURNAMENT
SATELLITES ann nn nmin OD
SATELLITE VALUE FOR THE AVERAGE PLAVER. 402
SATELLITE VALUE FOR THE BETTER THAN-AVERAGE
PLAYER... 5 . 403,
THE SATELLITE PROFESSIONALS. 405
THE TOP-OF THE LINE SATELLITE PROS ovens O6
OTHER SATELLITE FORMATS... 07
USING SATELLITES TO LOWER THE BUY:IN COSTS OF
[MAJOR TOURNAMENTS,
DIFFERENT LEVELS OF AGGRESSION ...
The More Aggresive Hypothetical
Tivarnament Payor a3
he More Conservative Hypothesieal
Tourmanent Pyer a6
LOWER BUYIN COSTS MEAN LOWER BANKROLL
REQUIREMENTS