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seen Mar 19 at 3:25

Dec
22
comment How do I Calculate Expected Value of Shoving, including Fold Equity, in heads up play?
I like what you've done here. Note that the equation can become even more precise by incorporating the possibility that the pot will be split.
Dec
21
comment Pot odds with low chip stack
One night I had a great idea that chip stack could relate to the probability of placing in the tournament, and thus you can make your pot odd decisions based on the chip stacks you will have before and after, and your prize pool equity based on those chip stacks. I thought the idea was revolutionary until the next day I found on the internet the idea has already been discovered. :(
Dec
21
comment Pot odds with low chip stack
Since asking however I discovered independent chip modelling, which I think is the best theory that explains these decisions.
Dec
21
comment Pot odds with low chip stack
I see. I agree my question was a bit unclear. Basically I was trying to assume pot odds were favourable, so I should have said that there like 9 players all calling the 700 after the flop, and you have calculated a 30% chance of getting the nuts based on the flop. So Pot = 6300, but it costs only 700 to call, with a 30% chance of winning. Now in a cash game this is definitely a call, but in a tourny maybe you don't want to risk your whole stack on a 30% shot.
Dec
19
comment Pot odds with low chip stack
The size of the pot wasn't mentioned in the question, so how can you say that the correct play is to fold?
Dec
18
comment Profitability of re-buys/add-ons when allowed
Note that you have also assumed here in your expected profit calculation that no other players are going to re-buy.
Dec
18
comment Doubt in expected value calculation of Bill Chen book
I added an alternative approach to my answer to demonstrate the calculation is correct.
Dec
18
revised Doubt in expected value calculation of Bill Chen book
added 234 characters in body
Dec
18
comment Doubt in expected value calculation of Bill Chen book
No that's not correct. The first term in your expression represents total income, but your second term represents profits. You can't mix and match like that.
Dec
18
answered Doubt in expected value calculation of Bill Chen book
Dec
18
comment Doubt in expected value calculation of Bill Chen book
Here is a possible explanation. Let's say three events can occur, with probabilities of 20%, 50% and 30%. The first event gives you $1, the second gives you $2 and the third gives you $0. Then the expectation value is simply = 0.2*1 + 0.5*2. The probabilities don't add to 1, because the third term (0.3*0) is 0, and thus omitted from the equation.
Dec
18
comment Doubt in expected value calculation of Bill Chen book
Can you please provide an example of one of the calculations in the book. I haven't read the book, but I have a mathematical background and may be able to provide some insight.
Dec
17
comment Are there well documented cases of winning tournament by someone who wasn't looking at his own cards?
The question says "someone who wasn't looking at HIS own cards", not "her" own cards.
Dec
13
awarded  Commentator
Dec
13
awarded  Critic
Dec
11
awarded  Scholar
Dec
11
accepted Are Poker Books Trust Worthy?
Dec
11
accepted How many chips do you have left?
Dec
11
comment Do you have favourite hole cards - and do these change over time
My favourite hole cards are AA and KK. I also like winning with 72 sometimes :p
Dec
11
comment Trying to express NL betting rules formally, did I miss anything?
Hi Max. I played a live tournament the other day when this exact thing happened. No one was certain so the official came to the table and explained. If the person going all-in doesn't have enough for a legitimate raise, then those who have already made an action (e.g. they called the blinds before the all-in) can only call the all-in. They cannot re-raise. However, If someone hasn't made an action yet (say person to the left of the all-in), it is then ok for them to raise, and others may then re-raise.