The conventional wisdom goes that somebody who acts last always has an advantage over somebody who acts first.
However, last night I was watching the Pokerstars Sunday Million, and one player did the opposite. All he did was get in cheaply on the small blind, and go all in after the flop. Hand after hand would fold to him. He ended up chopping the pot with another player in the final heads-up, although the other player had to get a lucky draw out to overcome a 4:1 chip disadvantage.
Obviously, he was bluffing over half the time, and I'm sure he only did this when he saw a favorable flop, but pretty much nobody called (except, amusingly, the guy who finished 2nd.)
So, what this tells me is that first-in vigorish trumps later position late in a tourney. In fact, this is not the first time I've seen this, but this guy was doing this from around 300 players left all the way to the final 2.
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