Today was Round 3 of the PokerStars Caribbean Adventure (PCA)Mega-Path tournament and I made it through without much of a problem. The prize at the end of the Mega-Path is a package that includes the $10,000 entry fee for the PCA Main Event, hotel accomodations at the Atlantis Resort & Casino in The Bahamas, and cash for travel expenses. Personally, I’d rather have made it to the European Poker Tour events I tried for this fall in Vienna, London, or Prague—mine is not a hot-weather body—but I’m making a stab at PCA nonetheless.
You can jump into the Mega-Path for ever-larger amounts of Frequent Player Points (FPP). Round 3’s entry cost was 500 FPP but I entered through a 5 FPP Round 1 tournament that allowed for 60 minutes of unlimited re-buys without rebuying myself (later rounds don’t allow re-buys). The interesting thing about the Mega-Path is that between 1/3 and 2/5 of the players in each round get through to the next round. The hard thing is that there are nine rounds.
There’s a mixture of regular-speed games with 10-minute blind levels and turbo games with 5-minute blind levels. Depending on which games you sign up for, even the structure of a specific round can be different. This is my own Mega-Path:
| Round (FPP buyin) completed |
1 (5+R)
2 (200) |
3 (500) |
4 (1,500)
5 (4,000)
6 (12,000)
7 (36,000)
8 (107,000) |
Final (321,000) |
| Starting Chips |
1,000 |
2,500 |
1,000 |
3,000 |
| Minutes per Level |
5 |
10 |
5 |
12 |
| Small Blind/Big Blind[/Ante] |
10/20
15/30
25/50
50/100
75/150
100/200
150/300/25
200/400/50
300/600/50
400/800/75
600/1,200/100
800/1,600/150
|
10/20
15/30
20/40
25/50
30/60
40/80
50/100/10
60/120/15
75/150/20
100/200/25
125/250/30
150/300/40
|
10/20
15/30
25/50/5
50/100/10
75/150/15
100/200/20
150/300/30
200/400/40
300/600/60
400/800/80
600/1,200/120
800/1,600/160 |
10/20
15/30
20/40
25/50
30/60
40/80
50/100/10
60/120/15
75/150/20
100/200/25
125/250/30
150/300/40 |
At least in the early stages it’s an exercise in math and patience. Unlike most tournaments where only a small percentage of the field gets any reward and even then only the top position receive a significant multiple of their buy-in, the Mega-Path gives exactly the same reward to someone who has the most chips as it does to someone who has 10 chips when enough players have been eliminated. Presumably, the competition gets a bit more challenging as the field concentrates—something this player seems to have observed as he got knocked out after surviving eight rounds last year—but there’s no need to be a hero to reach the goal. If you can get some traction in the early stages and build your stack you can afford to blind off and glide to a ticket for the next round.
I’m sure someone’s done the real math on this, but in a tournament a third of the field making it to the money, obviously two-thirds of them need to be eliminated. Because the number of chips is constant, at the end of the tournament the chip average will be three times the starting chip value. For example, if a tournament has 900 players with 1,000 chips each, there are 900,000 chips in play and when only a third (300) of the field remains, the chip average will be 3,000. Obviously, not everyone will actually have that many chips at the end and in many cases the chip average is higher than the chip median; a few hogs will have amassed a huge number of chips, offsetting the fact that many players will have less than the average. That doesn’t matter for the Mega-path, though. Everyone’s equal in the eyes of the Mega-Path (except for the folks who don’t make the money at all).
What I did for level 3 is to put together a calculator, into which I enter the number of players at the table, the number of rounds per level, the blind structure, and the expected final level of the tournament. Needless to say, none of this is exact and I made sure I had some leeway in my calculations. A table isn’t always full, meaning blinds come around more often and you burn through chips faster. Hands take a wide variety of time to play out; I analyzed one tournament with hands that ranged anywhere from 14 seconds to almost a minute-and-a-half, with a median of 40 seconds. The length of a tournament is particularly troublesome to predict, as the Mega-Path tournaments are someone unique and are difficult to compare to the lengths of recorded tournaments. Just for a rule-of-thumb I figure for a tournament with a third of the field reaching the money that the last level will be played by the time cumulative blinds and antes have reached a level where the would eliminate a stack about one-and-a-half times the size of the starting chips.
This yields a series of target values for each level that starts off high in Level I and decreases increasingly quickly to the final expected level of the tournament. If I can get to the target value by the end of a level, my calculations show that all I need to do is wait for the blinds (or other players) to take care smaller stacks. The trick is to make the right calculations. And to get to the target.
I put it to the test today in Round 3. I started off OK but got into a bit of a hole on my second big blind, dropping 300 below the 2,500 starting level. With blind just at 20/40 I wasn’t particularly worried. Triple sevens on the next big blind and an AJo on the hand after that put me back up over the chip average before the end of the level. Pocket 7s that tripled up on the flop put me over 1.5 times the starting stack in Level IV. A pair of uncalled jacks pushed me over 4,000 a few hands later. 
that I played out from a four-flush on the flop to a flush on the river beat a pair of kings and earned me over 1,000 chips that topped me over 5K. I reached 6,000 chips about 140 hands in during Level VII, but I thought that might be a bit short still.
paired another queen on the flop and beat out a smaller pair (with flush draw), an AKo that missed everything, and another queen with a smaller kicker for a pot of almost 3K that put me up to 7K shortly after the start of Level VIII, well over my estimate of what I needed by that point. From there I folded everything for all but one hand where I accidentally hit the bet button on the turn and drew into a king-high flush with 
, winning 900 chips. Didn’t even play the 
I was dealt on my last hand, even with 4,535 chips. According to PokerTracker’s chart of all-in expected value I played the hands perfectly, with no craziness on my part. I won when I was supposed to win and lost when I was supposed to lose.
Round 4 is tomorrow morning. If I make it through that, the next five rounds are stacked up in a row on Boxing Day. The PCA Main Event itself (as opposed to the numerous other PCA tournaments) begins January 8 and runs through January 15. That may conflict with the second quarterly event for our poker league.
. We’re in Level XII, blinds are 150/300 with 40 ante. UTG+2 (with about 17K in his stack) raises to 600 and the cutoff position (the table leader with 27K) calls. I call when I should have re-raised. The big blind (with 22K) calls.
on the table. The big blind checks to UTG+2 who bets 600. The cutoff calls and this time I re-raise to 1,200. The big blind makes a pot-sized raise to 5,100, which is called by UTG+2 but drives out the big stack. I call, leaving me with over 12K behind. There’s almost 19K in the pot.
shows on the turn, the big blind tries to take the pot down with an all-in of almost 17K. That drives out UTG+2, leaving me heads-up wondering if I can snag a club on the river. I’m reasonably certain the big blind has a set of 8s which I can only beat If I call, I’m out if I don’t. I shove my last 12.3K in.
which I doubt he’d have kept if a substantial re-raise had been made by me in the pre-flop betting.