Because of the gambley nature of PKOs you can also expect a lot more eliminations than usual at the start, so if you can’t register in the first 15 minutes of the tournament it’s probably not worth it. Late registering that same PKO just before registration ends and 100 players have been eliminated is much worse, that is like adding an extra rake of at least $10 before you even start. Late registering after five people bust a $215 PKO with 500 runners is not so bad, that’s just an additional rake of $0.50. This isn’t so bad if you late register near the start of the tournament where only a few players have bust, but terrible if you register at the last minute. In a 100 runner $215 PKO, every player eliminated is like an extra $0.50 in rake you have to pay (the $50 bounty divided by 100 players). Think of that 25% of a buy-in as an additional rake you have to pay. An extra rake for being late The new bookĮvery elimination sees at least 25% of a buy-in removed from the prize pool and the later you register, the smaller the prize pool you are playing for. Quite simply when you register late for a PKO, you can never win the bounties that have already been won. We do a deep dive into your equity and how it goes up and down with each elimination, but we don’t need a solver to make the argument. Late registering (and re-entering) is the worst thing you can do in a PKO tournament. In our new book PKO Poker Strategy we tackle the same question with progressive knockout tournaments and we arrive at just as clear a conclusion. It has been shown that late registering is almost always profitable in regular MTTs and we showed it to be especially profitable in satellites in our previous book Poker Satellite Strategy. One of the big debates in tournament poker is how long late registration should be.
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