Re: Party Mini Steps Profitability Analysis (In-Depth)
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Nice analysis. However, the Step 1's should theoretically have a much bigger return using proper strategy.
Do they still break down (1), (2-6)? Do they still never have over 6 people left at level 4? If both are true, simply fold every non-AA-QQ hand and fold your way into the freeroll, *then* play for first.
You should be repeating or better well over 90%.
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Yes, this strategy has worked quite well for me as well (ok, maybe slightly looser, but not much). There are times where you'll get a Mini-2 with 6 or 7 people left at level 4-5, but not too often.
I think the main issue with the mini-steps is the time it takes to move up on this strategy, but since I'm not really optimizing $$/hr, I don't mind it too much. I have started to use my mini-step 1's as an opportunity to employ the Gamboholic strategy though which reduces the time you waste playing them and optimizes for an "only the winner moves up" tourney.
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