The only poker book that caters specifically to online sit-n-go (SNG) single-table low-limit Texas Hold 'Em tournaments. More importantly, it is the only poker manual that guides the reader on a progressive path upward through the various limits, with only the information necessary to win with any bankroll or skill level to beat that specific low limit. Presented in a series of steps, guidelines are provided to help tell the reader when to move up to a higher level.
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While we recommend that anyone unfamiliar with online poker, and specifically SNG tournaments, read this book in its entirety, we haven’t designed it to be tedious and redundant for the more experienced player. Ultimately, this book should be used as a dependable resource and source of reference. We encourage you to mark memorable pages and skim over passages dealing with familiar concepts.
A Beginner’s Guide to Online Poker
It’s estimated that the online poker industry currently generates gross revenues in excess of $2 billion per year. Gone are the days when shady Internet sites lured the occasional customer into their midst only to exploit them through complex cash-out procedures, flawed software, and untouchable customer support. Modern online poker sites can more appropriately be viewed as corporations (many are corporately owned) that are held accountable for their actions and that recognize their success depends on their customers’ enjoyment.
Many people new to online poker wonder how these sites can generate such incredible amounts of revenue. The roots of their profits are the same as land-based poker rooms: rake. Poker sites scoop a predetermined percentage (the rake) from every pot above a certain amount. These amounts vary per game and per limit. Since the focus of our book is on tournaments, it’s important to understand how the house (poker site) makes money from tournaments.
For every tournament played, a fee is charged by the poker site. For example, if you enter an $11 tournament with 10 players, the total amount everyone puts in is $110. However, the prize pool is only $100. You are actually entering a $10 tournament and providing the house with a dollar to let you play. This is an unavoidable side effect of playing poker anywhere. Everyone has to pay it, and it will not impede your success. Tournament fees will be covered in greater detail later in this book.
The poker site we’ll be studying throughout this book is PartyPoker. It’s the largest online poker site, regularly hosting 85,000 players at a time. This number guarantees there will be action at any limit at which you desire to play. PartyPoker also hosts the greatest number of SNG tournaments. Since SNGs are the topic of this book, we believe it’s important to learn how to beat the tournaments where most people are playing. Not only are the games easier (since with an increased number of players comes an increased number of bad players), but they also have a tournament format that is relatively similar to many of the other online poker sites. Feel free to experiment with other poker sites, taking what you have learned here and applying it elsewhere. We have included simple conversion tables at the end of the book (Part 4) that allow you to easily apply the method described here to other popular poker sites. It’s our belief and experience, however, that PartyPoker offers the most lucrative games on the Internet.
In addition to the quality of the games, PartyPoker supports a variety of cash-out methods and offers 100% secure and guaranteed transactions. You can remain confident that your money is secure within your account.
Opening an Online Poker Account
(If you already have a PartyPoker account, please skip this section.)
Many people have been tempted to make the move to online poker but have seen the task of setting up an online account as daunting. We assure you that there’s nothing more to it than signing in to an e-mail account or banking online.
Visit www.sngprofessional.com. This is the companion website for this book. Here you’ll find a download link and step-by-step instructions on how to install PartyPoker’s software. Signing up through our site permits us to anonymously track the progress of our readers. Anonymous statistics are sent to us through PartyPoker’s affiliate program. It’s important that we mention PartyPoker is in no way associated with the creation or publication of this book. The statistics provided to us show how our readers are doing as a group; no individual information is provided. We will try and make this information public monthly to see just how well all of us are doing. If you choose not to sign up through our affiliate, we completely understand. We don’t make our money through sign-ups. To sign up independently, visit www.partypoker.com. You’ll see a download link on the main page. Simply click on it and install the software.
Once the software has been installed and loaded, follow the step-by-step instructions provided and sign up with PartyPoker. Any problem or confusion can be addressed by contacting PartyPoker at 1-800-852-4719 or by visiting its website.
Once you have opened your account, it’s time to make your first deposit. There are various methods of deposit available to you. Again, full details of these methods can be found on PartyPoker’s website. We will, however, offer a few quick suggestions.
1. Credit card deposits are the easiest and most straightforward method. However, you can’t withdraw to your credit card. Be prepared to withdraw via check if you choose this method.
2. Neteller: www.neteller.com. If you plan on being involved with online poker for some time, we recommend signing up for a Neteller account. This is essentially an online bank account. You can link it to your personal bank account and deposit to or withdraw from that account. Withdrawals from PartyPoker to Neteller are almost instantaneous. (Note: As of summer 2007, Neteller is no longer available to North American customers. Europeans can still use it at will.)
The amount you deposit is completely up to you. Remember, you can withdraw or deposit more funds at will. Bankroll requirements will be discussed prior to play. We simply recommend depositing a small amount now to eliminate any confusion that may arise later. Doing so will also give you practice using the software while you finish this book.
Familiarize yourself with the software. We encourage you to visit http://www.partypoker.com/how_to_play/. Become accustomed to the various menus and features. While all of this will soon become second nature to you, it’s important to alleviate any confusion prior to playing.
Configuring PartyPoker’s Software for Tournaments
To take advantage of the additional software we recommend you use when playing PartyPoker’s tournaments (discussed later), you should configure PartyPoker so that it displays only the minimum required graphics. Under “Game Rules & Options,” go to “Video & Audio Options.” We recommend unchecking all options except “Mouse Over Help.” Doing so will also reduce your system requirements and increase the visual speed of the game.
PartyPoker’s SNG Tournament Structure
(See Part 4 for tournament structure charts that relate to other poker sites.)
The structure of a single-table tournament is not unlike that of any other 10-person table game you have ever played. There exists both a small blind (SB) and a big blind (BB), along with a dealer button. Unlike table games, however, everyone sitting at the SNG table has a predetermined amount of chips (2,000 for all of PartyPoker’s tournaments). You are unable to buy more chips if you lose some, and once you lose all of your chips you are out of the tournament. It continues until only one person remains.
It’s important to understand the structure of these tournaments prior to playing them since it holds the key to your outcome. Here we examine the SNG format we’ll focus on: 10-player no-limit single-table tournaments.
Buy-in amounts: PartyPoker offers a variety of limits at which to play SNGs. Our book is designed to help you climb this ladder as quickly and efficiently as possible.
Pay-out structure: The prize pool consists of each player’s tournament buy-in. The tournament fee is not included in the prize pool. As you can see above, an $11 tournament ($10 + $1) yields a prize pool of $100 (not $111). For PartyPoker SNGs, the pay-out structure is as follows.
Blinds’ structure: The blinds are the most important element of the game. Without a solid understanding of blind structure, you won’t be able to time and manage your bets. Each blind level lasts for a predetermined amount of time, then moves up to the next level. The blinds start as a small percentage of your chip stack, then increase as time goes on. Regular SNGs have 10-minute levels: that is, the levels increase every ten minutes, while Speed SNGs have five-minute levels.
Don’t be overly concerned with memorizing each level; it’s simply a good idea to have an overview of the tournament structure. The importance of each level will be explained later.
Information regarding the current level, and the time until the next level, is always available to you in the bottom left-hand corner of each table.
The Two Tournament Types: Speed versus Regular
PartyPoker offers two types of SNG tournaments: Speed and Regular. They differ in only one way: the length of each blind level.
Speed: Each blind level lasts five minutes. Regular: Each blind level lasts 10 minutes.
Each tournament type has its advantages and disadvantages. Speed takes less time to complete but permits you to see fewer hands per level. Regular tournaments take twice as long to complete but permit a more patient and less variable game. Our method will teach you how to defeat both types of tournaments, and we will discuss each type in much greater detail later in the book. Ultimately, howev...
