What is the bubble phase?

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In a poker tournament, the term "bubble" refers to the point in the tournament where the remaining players are just shy of reaching the payouts or the money finishes. The bubble is the threshold between players who will win cash prizes and those who will leave the tournament empty-handed.

When the tournament reaches the bubble phase, it means that only a few spots remain to be paid out. For example, if a tournament pays out to the top 100 players and there are 105 players remaining, those players are on the bubble. This is a critical and often tense moment in the tournament because players on the bubble are striving to outlast their opponents to secure a payout.
 
During the bubble phase, players tend to be more cautious and play more defensively. This is because they want to avoid making any risky plays that could potentially lead to their elimination just before reaching the payouts. It is common for players to tighten up their ranges and be particularly wary of getting involved in big pots.

The bubble phase can also lead to strategic considerations. Some players might use this opportunity to accumulate chips by taking advantage of the more cautious play of their opponents. They may start playing more aggressively and putting pressure on the shorter stacks who are desperately clinging onto the hopes of making it to the money.

For players with larger stacks, the bubble phase can present an opportunity to bully the smaller stacks and put them at risk of elimination. By raising frequently and putting pressure on the bubble players, they can force them to make tough decisions with weak or marginal hands. This aggressive play can often lead to multiple eliminations at the bubble, paving the way for larger payouts for those who survive.

The bubble phase is often associated with a high level of tension and anxiety. Players who have invested several hours or even days into the tournament are just one spot away from making it into the money. The pressure to survive can be intense, and the bubble phase can be mentally exhausting for players as they navigate their way through this crucial stage of the tournament.

Overall, the bubble phase in a poker tournament is a make-or-break moment for many players. It requires careful decision-making, patience, and a solid understanding of the dynamics at play. Surviving the bubble is a significant achievement in itself and is often celebrated by players who manage to secure a payout.
 
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