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Great article by Mike Caro..............
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[QUOTE="zachvac, post: 787545, member: 26306"] ok well since everyone understands the initial post (well most people), how about we do take this to the tougher ones to understand. I read the thread you linked to, and I have to say I was thinking "easy call, but I'll bet everyone says fold" at first. Now as I read it I got what I expected, people scared of losing the money, not using logic, but instead simply using emotional appeal to basically say that we should fold. Then came someone who's opinion I respect a great deal, I expected him to explain why it was a clear call. And to my surprise, he posted about how it was a clear fold, and what's more actually offered some support for it and the argument made a lot of sense. Now this is extremely similar to a situation that comes up with me a lot recently (well a lot considering I barely play tourneys). Whenever I play the $3 re-buy, I ALWAYS double re-buy to start. Of course this may not seem the same, it's essentially the same decision. Are the extra chips worth as much in terms of winning me money as the first set are? Is starting with 3k chips going to more than double my expectation from starting with 1.5k? It's the same question in the WSOP example. If doubling up will double the expectation, then it's obviously a clear call. If doubling up will only increase it by a tiny bit, then it's an easy fold. So let's have a logical discussion without the emotional appeal of "there's an x chance of busting out, don't take that chance" or "AK is the 3/4th best hand, push it". The question is whether or not doubling your chip stack will double your expectation for the tournament. Does this vary by tournament? (ie does a deepstacked event like the WSOP ME have the same answer as a turbo? A re-buy?) I've heard arguments both that additional chips have more value and less value than previous chips and I think that also varies by tournament structure and where you're at in the tournament. Maybe I should start a thread specifically for this. [/QUOTE]
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Great article by Mike Caro..............
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