How does Daniel Negreanu make money? (MTT strategy)

[Jihad]

He sells neked pictures of Annie Duke to other high limit players? Umm, really if you're implying that his theory is flawed I completely disagree with you and want to point out that he is quite well proven in all diciplines of poker, tournament and cash. Judging by his articles and his past studies that he has spoken of, I believe he is an excellent game theorist and his word should be believed until directly disproved. Also, wrong forum.

[Timer]

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It's easy for pros to take a 60/40 hand when they have a hug bankroll. For those of us with a smaller bankroll, we're essentially trying to get in the money, as opposed for outright winning the tournament. You can't be a top player unless losing the buy-in is meaningless to you.

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If you enter a tournament to just try and get into the money, then you have no business entering the tournament in the first place.

The 60/40 proposition should be just as easy for you to make, even if the buy-in is your case money, as it is for the pros who are worth millions. If it's not, then you made a very serious error. You should withdraw from the tournament and play in a game you can afford.

[Exitonly]

like everyone else said. 60% is pretty huge and is an easy call. If you're better than the rest of the field 55% is probably borderline. Depends on the structure and the field strength.

[elliot]

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This is massively -EV in the long run. How does he make money?

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there is not a chance in hell you are a winning MTT player if you really think this.

[Mi_T_Sharp]

This post wouldn't even make it past the mods in MTT.

Man, I love this thread.

[T_Nasty]

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From his CardPlayer article:
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I answered a hypothetical question a while back that went something like this: Let’s say you are in the WSOP main event, and on the very first hand dealt, you have A-K offsuit in the big blind. Everyone folds to the small blind, who exposes his cards to you and goes all in with Q-J suited. Would you call?

You should — seriously. You would win the pot 60 percent of the time, meaning that six out of 10 times, you’d start the tournament with twice as many chips, while four times, you’d be out early and could enjoy the rest of the afternoon! That is too good an offer to pass up. You could justify folding as a 53 percent or even 55 percent favorite in this situation, but 60 percent is just too much equity for any mortal to give up.

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This is massively -EV in the long run. How does he make money?

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It's defintetly +EV, and even moreso for DN than for the rest of us. For a (winning) high stakes cash game player it would even be +EV to take a 50/50 on the first hand.