| I have not read the “M” discussion in HOH 2 yet, but my initial thought --
M would seem to really matter when the antes kick in. We typically don’t see this in SNGs, and not in our weekly Chiptalk tournament until late. The antes really grind down the medium/small stacks. Said another way, when the blinds jump from 100/200 to 100/200/25 at a full table of nine, this is instantly a 75% increase in the size of the starting pot.
With the antes in effect, winning just the starting pot at least once every round is critical to survival for the medium/small stacks. And, this only ensures bare survival. I think this is why you read so much about regular tournaments players advocating the strategy -- “Build up your stack quickly in the early rounds, or go home.” (Or move on to the more profitable cash games...) As this strategy goes, if you haven’t become one of the larger stacks by the first or second level with the antes, then you are one lucky double-up hand away from being inevitably ground into dust by the Howitzer-like shelling effect of the antes.
Combine this thought process with the payout structure, and I can see why the ultra-loose strategy seems to be the rage among younger players. Almost all tournaments are played to make it to the final three spots, where the big payouts lie. Look at the WSOP tournament payout structures for the games going on now. A player wins 3x his buy-in if he outlasts 95% of the field. (There are, of course, some exceptions -- make it to the final 7 tables or so of the WSOP main event this year and you are mortgage-free; 63rd place will pay around $147,000...) Since a player has to get into the final 3 spots to make the serious money, its advantageous to play in a way that builds up your stack quickly, or you move on to the cash games.
What does this have to do with the discussion of “M”? It’s the M concept that forces the hand of the small/medium stacks relatively early. Therefore, more are playing fast and aggressive from the starting bell. Build up the stack to stay in the “Green Zone,” or move on to something more profitable. Sounds like Harrington has a unique way of describing the concept. |