Snowmobiler said:
You didnt answer the question presented!
Are you folding the poket aces pre flop with the example givin?
ok, since you are noobs and need to be spoonfed, here's the full answer. Please take notes as I won't repeat the explanation.
Using the stack sizes specified (1,000,000 / 990,000 and 7x50,000).
If we fold, we have 940,000 chips left, which the ICM calculator
tells us is equivalent to a $EV of $433,768 (see table below).
If we call and lose, we have 0 chips left and we earn $1,000
If we call and win, we have 2,005,000 chips and our $EV is $640,682 (see the other table below)
If we assume that villain typically shoves with a pocket pair, we are 80% favorite when we call, so our $EV when calling is 0.2 * 1000 + 0.8 * 640682 = $512745, so we should call.
With these stack sizes, we have to call as soon as we are more than (433768+1000)/(640682-1000) = 68% favorite to win the hand.
/thread.