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Strategic late registration
navinbits
High Stakes Shark
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March 24, 2016 - 12:49 am
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Do you guys register late to tournaments willingly to have a strategic edge? For example, someone who isn’t a cash game player might late reg into deep stack tournaments so that when he/she starts off, stacks will be shallower. It might also reduce the amount of decision making preflop as our opening range shrinks when stacks are shallower. 

Another example I can think is during a long day 1A of a tournament, a player might want to register late so that he has to grind only 6 hours unlike others who need to grind 10-12 hours. 

Do you think there is really a good strategy in registering late?

chaos
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March 24, 2016 - 6:53 am
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I don’t think registering late is ever a good strategy if you think you have an edge over the field. The earlier you register the more spots you’ll get to leverage that edge.

If you have an specific fault on your game and you feel more comfortable playing certain situations (i.e. you are a bad deep stack player but really good at playing a 10-20BB stack) then you may benefit from late registering and avoid the mistakes you do with a deep stack. However, you’d be much better served by identifying what makes you a bad deep stack player and fixing that rather than late registering to fix the issue.

Strategically there’s no benefit from registering late, given the usual structures it is better to register and fold everything except for KK+ instead (for example) as you’ll get your “late registration window” with about the same stack but you would have, at least, played your very top range and probably made some profit.

MovieFX
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March 24, 2016 - 12:10 pm
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There is one tournament where I feel late registration actually has a big strategic advantage due to overlay. The PokerStars 1R1A (1 rebuy, 1 add-on). Here is why:

  • Late reg 60min
  • Rebuy ends 1 level after late reg ends
  • starting chips $3k
  • add-on $6k
  • First level after rebuy is 50/100 and I think may even be the first ante level

Why I think these facts make for a great situation for maximum late reg:

  • “Starting” (after add-on) stack size is around 87BB, if you just buy in and add-on and don’t play any hands
  • Not unlimited rebuys, only 1, so people bust out, creating a huge overlay. Plus all the rebuys.
  • Small-ish fields of around 300-400 I think?
  • Min-cash is juiced to something like 4.5x buy-in since this is still a rebuy tourney
The Riceman
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March 24, 2016 - 7:37 pm
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Brother… I feel we have delved into an area best left unspoken. Having said that… thanks for the tip. Is there any way we can now delete your post so I benefit and nobody else (joke)

MovieFX
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March 27, 2016 - 11:02 pm
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Following up with some real numbers since I am playing a 1R1A now. Here is what the tourney looks like when rebuy ends:

  • 313 of 400 left (almost 25% busted out! Some would have rebought too. So much dead money.)
  • 245 rebuys
  • 262 add-ons
  • 45 places paid. Min cash: 5.5x buy-in/rebuy

I actually started about 30min in this time and played super tight. Built a nice stack to about 5k but then some jerk used a bullet on me with 8To and sucked out on me. That plus a few close hands left me at $2k. I added on and now I have 8k chips (80BB). So I probably should have just started later on this one.

greave doggy
Lighting Money On Fire
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March 28, 2016 - 5:32 am
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chaos said
I don’t think registering late is ever a good strategy if you think you have an edge over the field. The earlier you register the more spots you’ll get to leverage that edge.

If you have an specific fault on your game and you feel more comfortable playing certain situations (i.e. you are a bad deep stack player but really good at playing a 10-20BB stack) then you may benefit from late registering and avoid the mistakes you do with a deep stack. However, you’d be much better served by identifying what makes you a bad deep stack player and fixing that rather than late registering to fix the issue.

Strategically there’s no benefit from registering late, given the usual structures it is better to register and fold everything except for KK+ instead (for example) as you’ll get your “late registration window” with about the same stack but you would have, at least, played your very top range and probably made some profit.

In terms of having an edge over the field I think this post is pretty on the money, especially if you’re playing deep stacked tournaments, your edge from a deep stack tournament should come from a favourable blind structure and extra chips to not only get bigger value against weaker opponents, but also to avoid taking thinner spots unnecessarily. 

But in terms of finding value, MovieFx is right there are a few tournaments where you can buy in late and add on for a guaranteed deep stack at a good price towards the business end of what would probably otherwise be a high variance tournament.

The trade off to that is obviously there will be lots of weaker players who have gifted their chips to better players and opted not to rebuy, and that there will be pleanty of good players who have you well covered, but there will still be plenty of soft spots at the table, and as long as the blind structure is some what forgiving and you’re selective about who you play big pots with you should be able to over come these trade offs.

I’m assuming you were just using avoiding deep stack play as an example of a possible benefit for late registering, but just in case note that late registering for this kind of tournament obviously doesn’t get around that issue at all, and it would be far better to work on that aspect of your game if it was an area you’re lacking, than to try and game your way around it.

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