Re: Bubble strategy question
I have been in spots where I've been stealing 2-3 times per orbit, and I know that I'm going to continue to get away with it until and unless I run into somebody with a really big hand, or until we lose a player and all get into the money. In these spots, I have sometimes had my big blind raised by a short stack going all-in. If I consider what range of hands they are likely to hold, and consider my two cards, and do the math, I would fold unless there is a LOT of +EV to playing the hand. If my edge is small, I will fold, let them live, and expect to more than make up that EV by the next steal or two.
Once I even folded QQ getting 3:1 on the call against a guy who was probably pretty desperate, and might not have even had an overcard to my pair. But, it was clear that everybody else was going to fold pretty much everything but AA and KK until we got into the money. So, I continued to steal the blinds for another 5 or 6 orbits before somebody else knocked out a different player who had gotten short-stacked. I gave up about 4 big bets worth of chips by making that fold. I stole at least 40 big bets worth of chips before we lost that player. After we lost that player, and got into the money (3 or 4 tables, I think), something like 5 guys went all-in the next hand. No more stealing, because the Sheriff(s) was back in town.
Later, Greg Raymer (FossilMan)
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