But how do these super-fast-paced tournaments work? Are they worth playing at all? Is there any strategy involved, or are they just crap shoots?
PokerStars Spin & Go’s are advertised as the fastest way to win up to 10,000 times your buy-in. In fact, in January a lucky player hit the jackpot for the first time since PokerStars debuted in the NJ online gambling market.
Each Spin & Go has a randomly-assigned prize pool, and some of them will give you a chance to win up to $1,000,000 in minutes.
With buy-ins starting at just $0.25, Spin & Go’s are an exciting newer format you can play for next to nothing.
So how do NJ online poker Spin & Go’s work?
Joining a Spin & Go functions the same way as joining any other Sit & Go-style tournament. To get started, simply select the buy-in and number of simultaneous tournaments you are looking to play, and then click the ‘Register’ button.
As soon as two other players have also registered for the stakes you want to play, you will be “seated” at a tournament table and the tournament will begin.
At the start of the tournament there is a random draw to decide how big the tournament prize pool is going to be. There is a spinner at the center of the table displayed to all players.
Whatever the spinner lands on is what you will be playing for.
Once the prize pool is determined, the first hand is dealt.
For example, let’s say you register for a $7 Spin & Go. Once the other two players have registered, the prize pool is randomly drawn and announced. First place will be multiplied between two and 10,000 times your buy in.
This means that you could turn your initial $7 investment into anywhere from $14 to $70,000.
Are there other online poker games in New Jersey offering such large payouts?
Spin & Go’s are the only form of online poker in New Jersey that offer this kind of payout for such a small initial buy-in.
Most of the time you are going to be playing to double your money, and in a three-person hyper-turbo-style tournament, this isn’t all that bad. Even if you never get lucky and play for a large sum of money, you can still play Spin & Go’s profitably.
On the rare occasion that you end up playing for a huge jackpot prize, you will experience the rush of the spinner landing on a large number. These tournaments quickly become unbelievably profitable and fun for solid players.
So what is the proper strategy for play? How can you increase your chances of winning?
Because you start with such a small number of chips in relation to the blinds, it is important to never give away chips early on.
It is hugely detrimental to your chances of winning if you call bets and end up folding later in the hand.
Think of these tournaments as all-in or fold. Play tight for the first few levels and then start shoving all-in with any two cards as the blinds get higher.
Remember, when you call a bet, you only have one way to win the pot: by having the best hand at showdown.
When you raise the pot, you can win by either having your opponents fold or by having the best hand at showdown. When the blinds make up such a large portion of your stack, stealing them with an all-in shove is the best way to win.
If you play around with this strategy and focus on aggressive play, you’ll be sure to make money playing PokerStarsNJ’s innovative tournament style.