Adjusting Your Strategies for Casino Tournaments

June 21, 2014 by

Casino TournamentsThere are two main groups of people when it comes to online casino games, and these two groups are gathered around the ends of a certain spectrum that forms when you compare these titles. The first group focuses on games that are primarily based around chance, and the second group focuses on games that are largely based around skill. Casino tournaments, and slot tournaments especially, bring together both of these groups of players to compete against each other in the same events, and that makes it one of the most inclusive things that an online casino can put on.

Casino Tournaments and Strategic Adjustments

In the tournament format, the correct strategies for many different games change quite a bit because you have to take a simple fact into consideration: The goal is no longer maximizing your payout rate. Instead, your goal is maximizing how much money you take from the prize pool, and those aren’t necessarily the same thing.

Consider a simple example of a roulette tournament where you have a big lead on the rest of the field. Typically, the payout rate of betting 500 chips once and betting 50 chips ten times would be about the same. However, the variance of these two ways of grouping your bets is drastically different. This creates a scenario where betting 500 chips at once doesn’t really help you that much if you win because you’re already so far ahead of the pack. On the other hand, if you lose, then you could be dropping back down within striking distance of your opposition.

Bet Size Options Dominate

Bet sizing options are one of the biggest changes that you’ll need to make in these casino tournaments. You need to decide in certain formats if you just need to put it all on the line to try to earn a top spot. On the other hand, if you already have a top spot thanks to a lucky streak, then you need to protect it through slow, conservative play because winning even more doesn’t help you as much proportionately.

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