Pros of Late Registration in MTTs
Time efficiency
- You don’t spend hours grinding the early levels with deep stacks and tiny blinds.
- You can join closer to the middle stages, where the action is faster.
This point is valid. If you are a winning player, then skipping the early blind levels allow you to play more tournaments, which can increase your hourly winrate.
Lower variance
- Early stages are full of “gamblers” and loose all-ins → higher risk of busting in a cooler.
- With late reg, you skip a part of this chaos.
This is false, because entering with a short stack mean, we are much closer to being committed to a pot. So the risk of busting due to some kind of unavoidable spot like running AK into QQ and losing the "flip" is higher not lower. And playing against "gamblers" is hugely profitable, so "avoiding" it is a disadvantage not an advantage. If a gambler put a bad beat on us by beating our AK with J4 offsuit or whatever, we can just reenter the tournament, since hardly any online MTT does not offer this option today.
There is however another advantage of entering late, which you (or your AI tool?) missed, and which is actually fairly important. And this is the fact, that when players bust from a tournament, then the value of each remaining chip goes up due to ICM. So unless its a bounty tournament, players entering late get an ICM-advantage, which is the main reason, some people consider long late registration periods to be unfair and bad for the game. And in that sense you can say, that entering early puts us on a disadvantage, because if we dont play, we gain an easy edge by letting our competitors collide and bust each other.
- Edge in average fields
- If you’re strong at playing short stacks, late entry can give you an advantage.
This is also false, because the average tournament player makes much more substantial mistakes playing with a deep stack, than they do playing with a short stack. So unless we suck at deep stacked play ourselfes, our edge will be highest in the early blind levels, and we give up on this edge by entering late.