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I've noticed that on pokerstars mtt's there's a chip graph with the average stack, but I'm not convinced that your stack in comparison to the mean is the best average, because there may be a few players very deep skewing the curve, so the obvious question is:

What measures do you use to know how well you're doing in a tournament?

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Also remember that you should measure stack size exponentially in a tournament. For e.g. the gap between 2000 and 4000, is the same difference as 4000 and 8000 etc. So if you allocate 1 point to someone on 2000, then someone on 64,000 is only on 5 points. Think in this way so you don't get overwhelmed by how many chips they have. –  Mew Jul 22 at 8:46

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As a very quick estimation of where I stand, I do use the average stack as an indicator.

But, if I'm in a tournament with more than a few hundred players left, I'm constantly aiming to have at least twice the average stack. Even then I'm not entirely comfortable.

To put it differently, if I have average stack, I consider myself to be in a weak position and at risk of going out if I don't take down some pots asap.

Average stack moves so fast in MTTs, that you should aim for a multiple of the average stack at all times, to have any chance at weathering a bad beat or to tide you over while you're waiting for some playable cards in a playable position.

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I consider 12 big blinds as my "shove" meter. When I fall below that I'm shoving with live cards. So I always think to myself how much above I am from that amount. That usually helps me feel for how I'm doing since this measure will also change with each tourney level.

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