"Know how" in Bounty MTTs: Masterclass Part 1 - Basics of PKO by Grinder1992

Mastering PKO Fundamentals and Key Concepts 🃏💡

Welcome to the first part of our PKO webinar series with Alex "Grinder 1992" Dimitrov! Today, we'll delve into the fundamentals of Progressive Knockout (PKO) tournaments, covering essential concepts, strategies, and practical examples. Let's get started!

Key Topics Covered:
Introduction to PKOs:
PKO Prize Pool Structure: Understanding the balance between the regular and bounty prize pools. Typically, half the prize pool goes towards bounties and half towards the regular prize pool.
Starting Bounty Value: At the start of an MTT, one starting bounty equals one-quarter of the starting stack, considering future game value.
Importance of Adjusting Ranges: PKO ranges differ significantly from vanilla ranges in both pre-flop and post-flop scenarios.

Pre-Flop Adjustments:
Multi-Way Pot Considerations: When short-stacked, expect to play more multi-way pots due to the added bounty incentive for opponents.
Hand Selection for Multi-Way Pots: Low pocket pairs and suited connectors are less favorable in PKOs when short-stacked.
Taking Slightly Minus EV Jams: In early stages, it's acceptable to take slightly minus EV jams, considering future opportunities to play for bounties.

Bounty Power:
Definition and Calculation: Bounty power helps determine the relevance of a player’s bounty. A starting stack with one starting bounty equals a bounty power of one. If you lose half your stack, your bounty power increases to two, making your bounty more attractive to opponents.
Impact on Strategy: The higher a player's bounty power, the more incentive there is to hunt their bounty.

Mid to Late Stage Adjustments:
Bounty Conversion to Chips: As you approach the money, convert bounties into chip value to inform your decisions.
Impact of Bounty Power in Late Stages: In large field tournaments, bounties matter less in the late stages due to the reduced average bounty power.

Re-Entry and Late Entry Considerations:
Re-Entry Strategy: Avoid re-entering or late entering too much in PKOs as part of the prize pool is already distributed.
Optimal Re-Entry Percentage: Aim for a maximum of 10% busted in higher buy-ins and around 25% in lower buy-ins.

Adjusting Ranges Dynamically:
Dynamic Range Adjustments: Continuously adjust your ranges based on your stack size, opponent’s stack sizes, and their bounty power.
Post-Flop Strategies: Adapt your post-flop strategies as the big stack and the short stack to optimize for bounty hunting and preserving your bounty.

Rules of Thumb:
Short Stack Adjustments: When short-stacked, prioritize hunting bounties with wide ranges.
Limping Strategy: Use limping effectively when players behind you have 2-5 big blinds.
Overcalling with Pocket Pairs: Pocket pairs perform well when overcalling multiple jams, especially when covering the opponents.

ICM Considerations in PKOs:
ICM Impact: PKO final tables have less ICM impact compared to regular final tables. Don’t overvalue bounties relative to pay jumps.
Value of Tournament Life: Your tournament life has additional value due to the potential to ship the MTT and win extra bounties.

Hand Examples and Practical Application:
Real Hand Analysis: Review specific hand examples from PKO tournaments to illustrate the application of these concepts in real scenarios.
Simulations and Adjustments: Explore different ranges and strategies using simulations to understand optimal plays.

By mastering these PKO fundamentals and key concepts, you'll be well-equipped to navigate the unique challenges of PKO tournaments and improve your overall performance. This video provides detailed insights and practical examples to help you enhance your poker skills.

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