The Double or Nothing poker sit and go (often abbreviated as DoN SNG) is a relatively new form of the popular sit and go online poker tournament format characterized by a preset (most commonly 6 or 10) number of players each buying in to the sit and go with a fixed amount of money in exchange for a stack of chips. Double or nothing, or DON SNGs, are a variation of sit and go tournaments where half of the entrants double their initial buy in, less the fees of course, and the other half of the field makes nothing.
Double or nothing[1] (UK often double or quits) is a gamble to decide whether a loss or debt should be doubled. The result of a 'double or nothing' bet is either the cancellation of a debt or the doubling of a debt. [2]
It refers to the potential outcome in a betting situation where the winner risks what has been won for a chance to double their winnings. The loser of the first game decides on a double or nothing. If the loser then loses the second bet, they owe the winner of the initial bet (and subsequent winner of the second bet) double. For example, if person A owes person B a bottle of Coke from a bet and then places a 'double or nothing' bet with the same opponent and loses, they will owe 2 cokes. If the loser loses again, roger owes me 10 bucks. In the case of more than two people, should the initial winner lose they owe the original losers nothing, whilst the rest of losers owe double the original stake to the new winner.'Double or nothing' may refer to an initial bet being totally cancelled out by a larger wager on a second bet with a chance to win first amount agreed on by both betters. Example: Player A bets 20 dollars and loses to player B. Player A calls 'double or nothing'. If player B accepts, the new bet is in the amount of 40 dollars (20 × 2). If player A wins, the winnings exactly negate the result of the initial bet; If player B wins, the winnings of player B (and the loss to player A) are effectively doubled relative to the initial bet.
Poker[edit]
In poker, a double or nothing tournament is a sit'n'go tournament where half of the surviving players get double the buy-in and the eliminated half does not receive any prizes. Double or nothing tournaments are mostly played by ten players (five players win) or six players (three win), although multi-table versions, such as for 20 players, exist. The rake in these tournaments is usually smaller than in standard sit'n'go tournaments. Some poker rooms also offer triple or nothing tournaments, where one third of the playing field gets paid.
Blackjack[edit]
The term that is used in blackjack is 'doubling down'. This blackjack move allows you to double your bet in the middle of a hand in exchange for one extra card. It’s a risky gamble, as it usually ends your betting: if you receive a particularly low second card you can’t hit again. Timid players avoiding the double bet, and more adventurous players often use it.[3]
See also[edit]
References[edit]
- ^Merriam-Webster Dictionary
- ^Webster's third new international dictionary of the English language, unabridged. Gove, Philip Babcock, 1902-1972., Merriam-Webster, Inc. Springfield, Mass.: Merriam-Webster. 1993. ISBN9780877792017. OCLC27936328.CS1 maint: others (link)
- ^'Basic Blackjack Rules'.
Double Or Nothing poker tournaments are a sort of Sit & Go that's made up of one table of either 8 or 10 players. It plays out like a regular poker tournament until 50% of the original players are left. At that point the tournament ends, play stops and the remaining players get to double their buy-ins! It's a bit like “Survivor”, except that half the players get to survive “Tribal Council”!
The prize money awarded to the top 4 or 5 players (top 50%) is literally double the buy-in amount for the tournament, and that's how the tournament gets its name. In Double or Nothing SNGs, you either double-up by finishing in the top half of players, or you walk away with nothing.
Don't get too down in the mouth because there's always another tournament seating in the lobby with your name on it!
Why Play Double or Nothing Tournaments at 888poker?
PROS:
- 50% of players cash, meaning you have a much better chance of winning than in regular SNGs or MTTs.
- They don’t take very long to finish (usually around 30 minutes).
- Important decisions are simpler and more run-of-the-mill for this tournament type. So if multi-tabling is up your street, jump straight in!
- Making money playing these events is very possible; you only need to win around 55% of these tournaments to come out a winner.
CONS:
- Your overall wins will be slow and small, as the best result can have is only to double your buy-in. In MTTs, you can win over 100 times your buy-in!
- Variance may be a bit higher than usual, because of the increase in all-in action that happens on the bubble. Think MTT bubble or normal SNG bubble and then double it, and double it again!
Is this Tournament Type for You?
Video Poker For A Living
Double Or Nothing tournaments are for poker players who have patience. Because 50% of the players get paid, it's not necessary to take as many risks or chances. A big part of playing this type of tournament is waiting – waiting for the other opponents to knock each other out so that you can cash.
Playing Poker For A Living
Tighter players have a bigger edge than looser players. For example, on the bubble, it might just be correct to fold JJ or even QQ pre-flop, instead of going all in! So if “loosey-goosey” is your middle name, this might not be the one for you!
Timing is everything in Double or Nothing SNGs, as is knowing when to “hold’em and when to fold’em”!
Double Or Nothing Tournament Strategy Tips:
Double Or Nothing Stream
- Let Others Get The KO’s: You don’t have to be the one to bust other players in order to win. This is one tournament type where it’s not worth risking your own tournament life to end another player’s.
- Become a Short Stack Master: Knowing when to get all your chips in pre-flop is key. Pick out the opponents who are playing overly-tight and then shove!
- Tightness Is Key: Playing tighter is important, as you only need to finish in the top half of the player pool to cash.
- Aim To Survive To The End: It’s not necessary for you to get all of the chips in play in order to win. Surviving to the end is a win; not having the biggest stack.
- Steal Blinds To Chip Up: If you do get short on chips, steal blinds from players who are desperate to survive and more likely to fold.