Simple Common Tournament Situation

[SossMan]

I guess you missed this post:

All-in. This is undoubtably a +EV situation. If you pick a sufficiently narrow range of hands such that QJs is a 70%-80% dog, your folding equity more than makes up for the times you lose. Once you adjust the calling standards downward, the dead money in the pot is enough to make up for the fact you'll be a slight dog.

Example for a tight table, you get called by AA-99, AK, AQ, AJ, KQ. That's 82 combinations, the probability you will not get called is 44%. If you do get called you lose about 67% of the time (wtd avg of twodimes numbers).

(.44)(300) + (.56)(.67)(-1100) + (.56)(.33)(2400) = about +160

(you win 2,500 if you beat someone outside of the blinds, 2,400 if the small blind calls, 2,300 if the big blind calls, so we'll call it 2,400 conservatively).

All-in.