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HOUSE OF PAIN:
DEAL OR NO DEAL- SHOULD YOU MAKE DEALS IN BLACKJACK TOURNAMENTS?
By Joe Pane
Joe Pane is a skilled advantage blackjack player and an experienced tournament player who has won over a million dollars in blackjack tournaments. Joe has continued his overall tournament accomplishments with a recent 2nd place finish in the Las Vegas Hilton $100,000 Dice Tournament, and his multiple recent cashes in poker tournaments in the 2009 Wildhorse Resort and Casino Spring Poker Round Up held in Pendleton, Oregon, and also at Binions and Treasure Island in Las Vegas. His peers consider him to be one of the strongest and most feared blackjack tournament players on the circuit.
Players making "deals" in blackjack tournaments are fairly common. What kind of deals, you ask? Stay with me and I’ll explain.
I’ll explain these "deals" using the analogy of the popular TV game show, Deal or No Deal, where contestants are given the choice to either take, or lock-up, a specific amount of money that is proposed by a "Banker" (which is not even a fair average of the value of the money in the remaining briefcases), or the contestants can just say "No Deal," and continue to try to reach the coveted briefcase that contains the $1,000,000. Actually, making deals in tournaments is better than making a deal on the TV show. Why? Because if you have a deal with another player for, lets say, 10% of their win, or on your win, and you have the luxury of cashing, you will receive a par share of the monies won, or a pay out on a fair share of your win. (On the TV show the deal you are offered is usually not a good one.) The objective of my article is to help you understand what a good deal is from a bad deal.
First off, you should always look to make a deal with a player whose level of tournament play is at least on a par with yours, and if you can, in fact, make a deal with a player who may have a stronger tournament game than yours, that will be an even better deal for you. But note: Most top players are careful who they make deals with since they are never want to give away equity in a tournament.
There is one player that I know who makes deals with some players with these terms: he offers them...
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