Bitmaniac said:
Early on I'm trying to avoid unnecessary risks
This might make sense, if you are playing the
wsop main event, which only run once a year and does not allow players to reenter, if they bust within the late registration period. But for all other regular tournaments this strategy/mentality is a costly misconception. In the early phase of an MTT, we should play just like, we would in a cash game (chip EV) and not shy away from high variance ("risky") situations, if they are profitable.
Our goal in the early phase should be to build up a big stack, not just to last a bit longer. If a tournament reach ITM after 2½ hours, it literally makes no difference, if we bust after 5 minutes or 2 hours and 25 minutes. In fact I would rather bust after 5 minutes, because then I can either rebuy or spend my time playing another tournament instead. Of course this does not mean, I will call a 45BB all-in preflop with J4, because thats not just high variance but also unprofitable. But if I 3-bet AK and get jammed on for the same 45BB early in an MTT, its pretty much a snap call.
Its only, when we get near the money, that we should start to care about avoiding high variance / low EV situations in an attempt to lock up at least a min-cash (ICM-mode). After that follows a phase, where we again play pretty much like, we would in a cash game, and try to accumulate as many chips as possible to give ourselfes a chance to reach the final table.
If and when we then get to the final table, the game again becomes more tactical with outlasting other players sometimes taking precedence over accumulating chips. So in this spot maybe I just call preflop with AK, if I have 45BB, and my opponent cover me, and I dont want to have to make that choise between folding to his 4-bet jam or flipping for my entire stack, while other players are still hanging around with a much shorter stack.