Question about Extracting Value

[Unparagoned]

Well, this is my opinion, but it sounds basically like what Phil is talking about...one of the big ways of making chips early in these tournaments is to outflop a big hand. So, AA v. 22. I risk 70 chips with the knowledge that if I hit my set, I am probably taking AA's whole stack. If I miss, it's really easy to just let the hand go and wait for the next two cards I decide to play. I tend to notice that those places where I pick up chips early involve 1) me outflopping a good hand, 2) my premium hand running into a slightly worse premium hand or 3) just straight-up bad play on the part of the opposition (e.g. opponent with AT plays it like AK on the A high flop, and I actually have AK).

But yeah, you want to look for situations where you can potentially win quite a bit without putting much of your stack at risk, i.e. implied odds.