The main advantage of playing mostly tournaments, is that you always have the chance of winning a big amount in one successful session. This is not a luxury that cash game players can afford, as they choose an entirely different road, which rewards perseverance. They grind their profits and to some extent, the more hours they spend playing, the better the odds are to boost their bankroll and there is an indissoluble link between the amount they make and the stakes they play at.
Tournament players are subject to variance and even though they don’t require such a significant bankroll, they are always in danger of running out of money, before the bad luck ends. The vast majority of profits collected at tournament tables are the result of players finishing in the money and only a handful make the final tables in big events. Even though such a performance is usually enough to offset all losses incurred over a long period of time, securing a place among the final nine is not an easy thing to do.
The difference between the payouts awarded to the winner and the one who is sent to the rail in the ninth place is considerable, with the former sometimes collecting 20 times more. Those who find themselves in this fortunate position and win a considerable amount after a lengthy draught, are allowed to celebrate but they need to take some precautions as well. There are plenty of examples of people who lost it all or squandered most of their profits, simply because they were not prepared for managing their good fortune.
The first thing that players tend to do when they win a tournament or collect a lot of money as a result of making the final table is to try their luck at cash game tables. Even though they don’t put it that way and assume that the same set of skills that helped them win the tournament will serve them well at cash game tables. The problem is that they don’t adjust limits according to their original standards and sit down at limits that are supported by their new bankroll.
When professionals are asked what they wish for when they begin a poker session, they will say that the best case scenario is to have a newcomer as an opponent. Generally, they have to compete against equally experienced players and that’s why the winnings and losses are hard to predict, but when they play against an amateur, they rarely leave empty-handed. Obviously, every now and then, tournament winners score a big win at cash game tables but if they return often enough, they lose it all back.