Re: Winner-Take-All strategy
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How big an edge do I need to turn a profit? I need to win 1 out of every 9 tournaments. Does this mean I need a significant edge over 8 of the other players??
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Of course not, you just need to play better poker then the average player and win the thing more then your fair share If there is a vig. you need to play a little better then that still to cover it. You could easily be the 5th or 6th best player in a 10 man tournament and still be beating the thing as long as there are a few weak players who rarely win.
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