Evaluating Freerolls
Freerolls are very popular promotional tools that poker rooms employ.
A freeroll is quite simple. The poker room sets up a tournament and
adds a certain amount of money to the prize pool. Entry into the
tournament is free, though is sometimes restricted to certain types of
players. Many players are attracted to freerolls because of the
potential to win something for nothing. Some freerolls even award
large prize packages such as an entry into the World Series of Poker.
Freerolls are also a way for players to practice their multi-table
tournament skills. online poker 468x60 When evaluating whether or not
to participate in a freeroll, here are factors to consider, in order
of importance: 1. Overlay The overlay is the single most important
factor when evaluating a freeroll. The overlay is the prize pool
divided by the amount of players that enter the tournament. For
example, suppose a poker room hosts a $1,000 freeroll and 500 players
enter the freeroll. The overlay for this tournament is $2 per player.
Essentially, an average player has an expected value of +$2 for
entering this tournament. The higher the overlay, the better. When the
prize of a freeroll is a tournament seat or a satellite entry, just
substitute the cash value of the prize as the prize pool when
calculating the overlay. 2. Requirements for Participation A freeroll
isn't truly "free" if you have to play a lot at the poker room to be
eligible for the freeroll. The less requirements made to enter the
freeroll, the better. While entering free WSOP satellites can be fun
and exciting, don't get suckered into playing more than you normally
would at a poker room just for the freeroll promotion, especially if
the overlay isn't that great. 3. Tournament Structure/Size In general,
tournaments that allow for more post-flop play (instead of just
pushing chips all-in preflop) enhance the "skill" element of poker.
These tournaments are preferable for two reasons. First, being able to
make postflop decisions allows players to practice their reads and
other post-flop skills. Freerolls where most of the action is just
"all-in preflop or fold" are not very helpful for practicing poker
skills. Furthermore, when skill is valued more, the better players
have an increased chance of winning the tournament. It is difficult to
tell which tournaments will allow for more post-flop decision-making
than others. Most often, tournaments with a smaller number of entrants
lead to a better structure. This is because players will find
themselves in fewer situations where the blinds are high and the stack
sizes are low, which tend to result in all-in or fold preflop
situations. 4. Ease of Competition At most sites' freerolls, the ease
of competition is similar. I seriously doubt that a $1,000 freeroll at
one site is going to be much easier than the $1,000 freeroll at
another site. Furthermore, freerolls generally have a very strong
"luck" factor since so many people enter these tournaments and the
blinds are often very high in relation to the stack sizes. I wouldn't
rate one places' freerolls much higher than another because one site
tends to have softer games than the other.