Or you’ll make a 6-low and two pair, and lose the high to a bigger two-pair. Or you’ll catch an 8 low and lose to a 7-low. Some of the time you will go brick-brick-brick and lose a lot of chips. Suppose you start with ( A ♠ 2 ♣ ) 3 ♠ 4 ♣. Stud high/low tournaments also have a large luck factor. About 11% of the time you will lose the hand, and be knocked out of a tournament when you have the best possible hand and you’re facing the worst possible hand. Suppose you’re playing a no-limit hold’em tournament, and you have A ♣ A ♥, and you’re all-in pre-flop against 7 ♥ 2 ♣. LuckĪll tournaments have a huge luck factor. Indeed, the luck factor is quite high in stud high/low tournaments. For a fixed cost, you get to play for quite a bit of time (unless you’re playing no-limit), and the inherent luck factor allows novices a chance of making a big score. Tournaments are a great way to experiment with unfamiliar games. “A mind without instruction can no more bear fruit than can a field, however fertile, without cultivation.” – Cicero