A CHIP AND A CHAIR

This is the famous expression that goes back to a legendary poker player Jack "Treetop" Straus who went on to win the WSOP in 1982 after he lost all but one of his chips in an early day of the main event tournament and remained with only one chip and his chair at the poker table.

It is not impossible to win a game also if you are down to the last chip playing. There is always the chance to win. It is only up to you what you do with your last chip and how you invest it.

Most of the players today (mostly I see it in the online poker games) invest their last chip immediately without thinking about the hand/the cards they are playing. In a live tournament many of them are not even watching the cards they get before flop and go All In blind. That can also be a strategy, but I think it is only the last cry: “I lose”. They already gave up!

I try every time in such a situation to make the most possible to come back in the play. Once, I remember, I was in an online tournament and was down to really the minimum of chips and I also went on and won the game.

It is possible not only for Jack "Treetop" Straus to win a big tournament with only a chip left. If you have a seat (a chair) and your last chip you are still in the game and your chance to win is not even zero!