Poker Basics, Poker Strategy, Tournaments
10 Poker Tournament Mistakes That Are Costing You Money
By: Jonathan Little
October 8, 2024 • 11 min
Poker Tournament Mistakes

Texas Hold’em tournaments are the most exciting format in the game, and also the most unforgiving. I have coached thousands of tournament players over the years, and the same costly errors come up again and again.

These are not complicated mistakes. They are the kind of decisions that feel fine in the moment but silently drain your ROI across hundreds of tournaments.

In this guide, I am sharing the 10 most damaging tournament mistakes I see at every level, along with exactly what to do differently. If you can cut even a few of these out of your game, your results will improve immediately.

Mistake #1 – Exercising Poor Bankroll Management

tournament bankroll mistakes

In my experience, poor bankroll management ends more tournament careers than any strategic mistake. Tournament poker is brutally volatile. I have seen skilled players lose 30 buy-ins in a row during a legitimate downswing, and if they are not properly bankrolled, they never get the chance to run it back.

Bankroll management is everything in this format, and if you fail in this area, no amount of skill will save you in the long run.

Every time you sit down to play a tournament, you are playing against hundreds of poker players, and the vast majority of the buyins will be distributed to the few who get to the finish line.

No matter how good you are, you will not be at the final table every time you play, and you will go through significant downswings.

Prepare for this by making sure you have enough buyins behind to sustain a substantial downswing and make sure to keep playing your game whether things are going well or not.

Mistake #2 – Playing Too Wide Early On

One of the most common leaks I see from new tournament players is treating the early levels like a cash game. They play too many hands, chase speculative holdings out of position, and burn off chips they will desperately need later.

The early stages of a tournament are about patience. With 100 or more big blinds in your stack, adding another blind and a half is almost worthless. What matters is protecting your stack and waiting for spots where you have a genuine edge.

Instead, the early stages are all about patience and playing good hands, mostly in position. While you do this, less experienced players will force the issue and give you their chips.

If you are not careful, you can easily find yourself becoming one of these donators at the table that everyone is happy to be in a pot with.

Make sure to play only the best hands from early positions, and only expand your range to include good speculative hands and a few bluffs in positions like the button and cutoff in the early levels of a poker tournament.

Mistake #3 – Being Too Results Oriented

Tournament variance is brutal, and this is where a lot of players lose their way. I have watched good players go on tilt after a bad run and completely abandon the strategy that was working for them. Winning a big pot one night makes them overconfident. Missing ten cashes in a row makes them desperate.

Neither reaction is useful. One of the biggest mistakes you can make in tournament poker is letting short-term results change how you play. Your only job is to make the best decision you can with the information available. Process over results, every time.

If you want to be a successful tournament poker player, you need to master your poker mindset. Instead, just focus on playing fundamentally good poker, and the results will come without a doubt.

If you allow your emotions to get into the mix and your results to become the driving factor in how you play, you may turn from a winning player into a losing one mid-way through a poker tournament.

Mistake #4 – Not Table Selecting Enough

I always say that game selection might be the most underrated skill in cash game poker. In tournaments, this means choosing events where you have the highest possible edge. If you can pick between a $10,000 buy-in field packed with professionals and a $2,000 event filled with recreational players, the math almost always favors the softer game.

I have seen players leave significant money on the table simply by defaulting to the most prestigious events rather than the most profitable ones.

tournament mistakes - not game selecting

The reason should be self-evident. Even if you are a very good player, you might be only breaking even in the $10k, while at the same time being a 30% winner in the $2k.

So, you are effectively winning $600 every time you join the $2k while simply breaking even by playing the $10k.

The same logic can be applied at lower stakes and in online tournaments. What’s more, some poker sites offer significantly softer tournaments than others at the same buyin levels.

So, before you blindly jump into an event, make sure you weigh all your options and try to play in the games where you have the highest possible edge.

Mistake #5 – Slow Playing Too Often

Slow playing gets far more credit than it deserves in tournament poker. I see players trap with big hands on dry boards, give opponents a free card, and then lose a pot they should have won by a wide margin.

Trapping has its place, especially in deep-stack situations where you are trying to build a pot over multiple streets. But overusing it is a mistake that costs you value and occasionally your tournament life.

However, slow playing a big hand can also backfire in a big way, as you give your opponent the pot odds to allow them to catch up and outdraw you with a hand they had no business seeing the river with.

What’s more, if you slow play your monsters too often, you will end up losing value against hands that would have paid you off.

Many players tend to overplay medium-strength hands and draws in early tournament play, and you want to charge these players to build up a stack through them as early as possible.

The next time you flop a set and face a bet, put in a big raise and watch your opponents pay you off with all sorts of trash that you would not expect to see.

Mistake #6 – Being Too Passive or Aggressive

Winning tournament poker is a constant balancing act, and most players fall to one side or the other. In my coaching work, I see far more players who are too passive than too aggressive. They call when they should raise, check when they should bet, and let opponents dictate the action.

But overcorrecting into pure aggression is equally destructive. The goal is to have a balanced range at every decision point: value hands and bluffs, bets and checks, in the right proportions. The best players in the world are difficult to play against precisely because they do not give you easy reads.

Average poker players, on the other hand, tend to be too passive or too aggressive, and neither of these is the right way to win.

Being too aggressive means you will often put yourself into spots where you are forcing the issue while your opponent simply has the best hand. You value-own yourself and end your tournament with a bluff you never should have tried.

being unbalanced is a tournament mistake

On the other hand, being too passive is even worse, as it will make you easy to play against and allow your opponents to dictate the action.

The answer, of course, is in balancing your ranges and finding ways to have both value and bluffs across the board while being the one making the bets more often than the one calling them.

Mistake #7 – Underestimating Your Opponents

I have made this mistake myself early in my career. You sit down at a new table, see a player who looks unfamiliar with the chips, and assume they are a recreational player you can run over.

Then they wake up with aces and play them perfectly. MTTs are full of players who do not fit the stereotype you expect. I always tell my students to observe before assuming. Watch how someone handles pressure before deciding how to play against them. Never underestimate your opponents until they show you hard evidence to the contrary.

For instance, players tend to make generalizations about players based on their appearances, age, gender, and other factors that don’t really have too much to do with the game.

Instead of making such generalizations, try to assess every player based on the way they play their hands during the first hour you spend playing with them.

You won’t find out everything there is to know about a player’s game in one hour, but you will definitely find out a lot more than you knew before you saw them play any hands at all.

Don’t underestimate anyone and assume everyone is a decent poker player until they show you hard evidence to the contrary.

Mistake #8 – Not Stealing Enough in Late Game

Late-stage tournament play is where a lot of players leave chips on the table. I find that recreational players who have been patient all day struggle to switch gears when the blinds get significant. If you are sitting on 15 big blinds and steal the blinds and antes for 2.5 BBs, you have grown your stack by over 16% without a showdown.

That kind of aggression in the late game is not optional. It is how you stay alive long enough to go deep. Waiting for premium hands with a short stack is a death sentence.

For example, if you are sitting on a 15 bb short stack and steal the blinds and antes for an additional 2.5 bb, you increase your stack by some 17%, which is very significant.

By stealing the blinds a couple of orbits or re-stealing against a raise just once, you could double up your stack without ever having to show your cards.

Of course, being aggressive and stealing a lot will also mean you have to flip a coin once in a while, but that’s what late-stage tournament play is all about.

If you approach the late game too passively and wait for good hands, you will end up chipping down until a double-up is not even worth a lot anymore, and there is little hope of getting back into contention.

Mistake #9 – Not Understanding ICM

tournament ICM

ICM is one of the concepts I spend the most time teaching because it changes your entire framework for decision-making near the bubble and final table.

Chips in a tournament are not equal to cash. Winning a chip does not earn you as much as losing the same chip costs you.

That asymmetry has real strategic consequences. I have watched players lose huge chunks of equity by ignoring ICM pressure in spots where folding was clearly the correct play.

If you want to be a consistent tournament winner, studying ICM is non-negotiable. I recommend working through ICM scenarios in PokerCoaching’s own solver, PeakGTO (peakgto.com), which lets you model the exact late-game spots where ICM has the greatest impact.

Mistake #10 – Not Studying Poker Enough

I study poker regularly, and I have been playing at a high level for decades. If I still find new things to work on, every player reading this can too. The game evolves constantly. Poker strategies that were winning five years ago are getting exploited today.

The players who stay ahead are the ones who put in the work off the table. Start by reviewing hands where you felt uncertain.

Watch training content that challenges your existing assumptions. And if you want structured tournament analysis, PeakGTO, PokerCoaching’s own solver, is the most efficient way to study the spots that actually cost you the most equity.

Mistake #11: Min-Cash Mentality

One of the most damaging mindset mistakes I see in tournament poker is what I call the min-cash mentality. Players get close to the money and shift entirely into survival mode. They stop stealing. They fold too much.

They pass up good spots because they are terrified of busting out before the money. And then they min-cash for two buy-ins instead of going deep for hundreds.

Here is the mathematical reality: the top 3 spots in most multi-table tournaments pay the majority of the prize pool. A min-cash is barely a return on your time and buy-in. When you play to survive the bubble rather than playing to win, you are trading a small payout now for the genuine ROI that comes from deep runs and final tables.

This does not mean play recklessly near the bubble. ICM awareness still matters. But there is a significant difference between making smart folds under real ICM pressure and folding every marginal spot because you are scared to bust.

The best tournament players I know think about every decision in terms of expected value and tournament equity, not in terms of whether they will cash.

To learn more, read our full guide on poker tournament strategy.

Frequently Asked Questions

Jonathan Little is a two-time WPT champion and WSOP bracelet winner with $9M+ in tournament earnings, and the founder of PokerCoaching.com. He helps players identify leaks and turn strategy into consistent results through a structured system.

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