The Let It Ride betting strategy is an unconventional way to bet for poker. When you are playing this strategy, you should never raise your first-in-the-hand bet or play out your hand. This strategy allows you to continuously place bets after seeing the flop without having to worry about making the best possible decision on each individual hand.
If done correctly, The Let It Ride can even result in a positive ROI over time..
The Let It Ride is a well-known and somewhat controversial betting strategy. It was developed by Tom Dwan and makes the best use of the “piggybacking” feature of online poker tables.
The wagering action in the early stages of any poker tournament could be described as “rotational” rather than free-flowing. This means that after one person has bet, their money is often used by other players to chase their opponents’ bets and thus push up the pot odds.
You can see the impact of this wagering on your bottom line on your tournament graph or by using the Statistics module in PokerTracker. The more players that use this style of wagering, the smaller your share of the chip pool will be.
You can reduce this effect by simply waiting until there is little or no action before you act. This is how most play-action plays out in tournaments. But, even if you try to do the same with The Let It Ride, there will still be times when you can’t wait and you will have to act as the first person to place a bet.
This is where The Let It Ride strategy differs from other betting strategies. When using The Let It Ride, you only need to win one of every ten bets that you make. Most other betting strategies require you to win each time you act, or very close to it.
The premise behind The Let It Ride is that if you can wait until there’s little or no action before you act, only 10% of the time will you need to bet. If you can get away with increasing this number, then the lower your effective buy-in cost will be for tournaments. This may mean that you can play for less money or even just be satisfied with a smaller percentage return.
The disadvantage of the strategy is the lack of liquidity in the early stages of tournaments. Once there are just a few players in the hand, you have to act quickly before someone else does. This means that when you decide to bet, you will have better odds on your hand when there is little or no action in front of you.
Another disadvantage of this strategy is that it rewards indiscriminate betting and can result in you having to pay out more money than you should. If this is something that bothers you, then The Let It Ride may not be for you.
The Let It Ride works best with either a very short stack or a short stack. This will depend on how the tournament is structured and whether there is an early registration period or re-entries allowed in the tournament.
If you are the first one to enter the tournament, you may want to register with a short stack. This way, if you get knocked out early you won’t have too much of your own money riding on your tournament. This will allow you to use The Let It Ride strategy for the rest of the tournament.
Some tournaments have an early registration period before the tournament actually starts. This isn’t really considered a re-entry event, but it does let you spend some time before playing the tournament to see who else is registered.
This gives you an opportunity to choose how you want to play in this tournament. You may feel that it would be better for you if you had fewer opponents to begin with since this allows you to use The Let It Ride more often. If you played a tournament with lots of opponents and went to use The Let It Ride strategy, you may feel that it’s much harder to get away from opponents in the early stages.
A tournament with re-entries allows you to keep playing and makes The Let It Ride strategy even more effective. If you use this strategy in a tournament with re-entries, it can be especially profitable. Just remember that if you drop down in the chip count, there’s a good chance that you’ll face tougher opponents than when you were doing well. You may need to adjust your play accordingly.