Double Chance

Marathon_Man

Sorry for my ignorance but can someone explain if a tournament is advertised as a 'double chance' what this means?

BigDragon

Marathon_Man wrote:

Sorry for my ignorance but can someone explain if a tournament is advertised as a 'double chance' what this means?

It's like a one chance rebuy but you dont have to lose all your chips to top-up.

Say you get 2000 chips at the start. After the first hand you can top-up with 2000 more chips at any time up to the break when you must take them if you have not asked for them yet.

Some people top-up at the beginning trying to get a chip advantage straight away whereas some people wait and try and build a stack with their original chips only. Makes for interesting strategy.

Culchie

Can we tease out the merits of both strategies?

I would have thought that waiting for the top up stage to get your 2nd half of chips, would mean introducing the chips, when they were not as valuable, when compared to blinds, and possible antes?

Obviously there is the safety net of the 2nd chance, losing to an early all-in, other than that I can't see any other reason.

Are there other thoughts on this?

Hectorjelly

As far as I can see there is no legitimate reason to not take them in one go.

Happy Camper

Well, I think there's one good reason not to take them immediately:

You're a social player with a -EV whenever you play poker.

Culchie

Yeh, that's what I thought, no 'advantage' in it all ... you have a safety net, but you are paying a hefty 'premium' for it (decreased real value of chips)

JuliusFranco

beware of some (Pokerevents.ie) tournies being advertised as "Double Chance". It's not the same having and optional 1 rebuy or Top Up

Culchie

Julius,

I didn't quite understand...can you explain further?

Ryco

Hmmm

BigDragon

JuliusFranco wrote:

beware of some (Pokerevents.ie) tournies being advertised as "Double Chance". It's not the same having and optional 1 rebuy or Top Up

Misread post as PokerStars....Doh!

Hectorjelly

Happy Camper wrote:

Well, I think there's one good reason not to take them immediately:

You're a social player with a -EV whenever you play poker.

Thats a good reason alright.

MadsL

Going by last night, I have -EV when marq is at the table.

AA UTG raised 3BB
all fold except for marq
flop 8 3 5 rainbow
I'm all-in
marq calls
34o!!
hits a 3 on the river....

My head explodes.... :eek:

Marq

it is important to note that it was I who went all in over the top of your flop bet. bad read on my part, although that hand early on and the pocket queens for the rest of your chips a little later set me up to win the tourney.

BigDragon

Marq wrote:

it is important to note that it was I who went all in over the top of your flop bet. bad read on my part, although that hand early on and the pocket queens for the rest of your chips a little later set me up to win the tourney.

Eight pints and plumbing had nothing to do with it then????

ionapaul

Did you make the final table, BigD, or did Marq take all your chips too?

Marq

His 67s ran into my Q8o.

BigDragon

Got blinded away with absolute muck hands and "made a play" with 625 chips on the button for Marq's small blind of 200. He had about 12k at the time. I hit the flop, he hit the river!

How could he call!?! I ask you? With Q8o!! The humanity of it!

Davey Devil

JuliusFranco wrote:

beware of some (Pokerevents.ie) tournies being advertised as "Double Chance". It's not the same having and optional 1 rebuy or Top Up

Culchie wrote:

Julius,

I didn't quite understand...can you explain further?

What Julius means is that traditionally in a double chance event you have an option of taking your second 50% of chips at any time within the first few levels for no additional cost, it's all included in the buy-in.

However as far as I know the pokerevents tournies that are advertised as "Double Chance" are infact run on a buy-in and one further re-buy/top-up basis at an additional cost.

JuliusFranco

thanks Davey, that's precisely what i meant!

MadsL

it is important to note that it was I who went all in over the top of your flop bet. bad read on my part, although that hand early on and the pocket queens for the rest of your chips a little later set me up to win the tourney.

Ah, yes. My apologies for misrepresenting your strategic plan. Which was ??

Anyway the steam has stop coming out of my ears....congrats on winning with those 'lucky' chips of mine....Good Result.

Edser

Well done Marq, glad my chips helped. :rolleyes: