Explanation of Bounty
In standard multi-table tournaments (MTTs), only those players who reach the payout levels are rewarded. This principle holds true in bounty tournaments as well, with the addition of extra prizes for specific achievements such as:
1. Eliminating designated players or groups from the competition.
2. Achieving general knockouts against any other players, which is commonly labeled as “knockout” tournaments.
As a result, it's possible for someone to entirely bypass reaching the traditional prize pool yet still end up making a profit by knocking out certain targeted opponents.
Historically, a bounty was a reward offered for capturing or killing a criminal, where individuals who accomplished this would typically return to collect their bounty, possibly at a law enforcement office.
Example of Bounty in a Sentence -> The concept of bounties within knockout tournaments allows us to earn money even if we don't advance to the main prize distribution.
Incorporating Bounty into Your Poker Strategy
If we consider a situation where a particular tournament decision is expected to break even according to ICM, then making that same decision against an opponent who has a bounty attached to them becomes evidently advantageous.
Furthermore, there may be instances where a decision appears unfavorable based on pure ICM metrics, yet it could still yield profits if it involves an opponent associated with a bounty .
Essentially, it makes sense to adjust our approach when engaging with opponents who have bounties on them. The extent to which we do this should naturally depend on the size of the bounty assigned to that player. An accurate ICM analysis should take into account the value of the bounty in decision-making processes.
See Also