Hey,
Originally posted by Atoks
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When deciding if u want to go all in for all of ur chips or not u should be aware of the fact that the chips u would gain are worth less than the chips u would lose. This is due to several factors. But on the other hand if u win u still have a shot at the 50% prize pool which is about five times what u bought in for.
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I'm not sure if you are aware of this, but I simply have to correct you because some readers might get confused!
This is only the fact in "special" situations, not always. The best example would be the first hand of a sng.
Let's do some math. Those of you who are not interested, skip this post!
9 players
everyone has 2000 chips
each players equity is 0.1111
you are the big blind (20)
everyone folds to the SB
SB pushes (yeah, he is a donkey!)
We don't care about possible hands now!
now you have to options resulting in 3 ways.
Fold:
your stack is now 1980
SB's stack is now 2020
your equity: 0.1101
equity: 0.1121
Call and Loose:
your eqiuity = 0
Call and Win:
your stack is now 4000
SB get's what he deserves
your equity: 0.2028
equity of the others: 0.1139
Back to your two options:
equity of a fold is -0.001
equity of a call when you assume you throw a coin:
(%win) * ($win) - (%loose) * ($loose)
0.5 * 0.2028 - 0.5 * 0
= 0.1014
0.1111 > 0.1014 (difference of 0.0097 ~ -1%)
the reason for this is that the chips you might gain are worth less than those you already have (as you said). in heads up situations $EV = chipEV, but i think you cannot say that this is generally the case.
just my 2 cents...
(let me know if I'm wrong!!!)
this could start an interesting discussion! ![]()
you see i'm missing poker... my silver status will turn to bronze next week...
Originally posted by Atoks
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At cash games whenever u go in for all of ur chips u are in for their exact value. That means u can either win 100$ with AA or lose 100$ with AA (if u play BSS NL100
). This is one of the reasons why SnGs are more poker player friendly (from my personal experience!). Of course on the other hand SnG downswings last longer because it is not that easy to win on a regular basis (by wining I mean actually finishing first).
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I don't think that sngs are more poker-player-friendly than cashgame. you need more dicipline in cashgames imo.
The point about cashgame is that the math behind it is much easier!!
there is no chipEV and payout structure.
sorry for the long post...