Re: Not a probablity question, more like a math/poker question
In general if you are a new player you have to post a big blind to get a hand, but if you miss the blinds you have to post both the big and small blinds to get a hand. In either case you can sit out until the blind reaches you.
Let's assume that the small blind is half of the big blind.
If you play your blinds it costs you 1.5 BB to see 10 hands at a full table or .15 BB/hand. If you post behind the button it costs you 1 BB to see 7 hands or .143 BB/hand. So it would appear to be beneficial as a new player to come in behind the button rather than to take your blinds.
The problem is that all those hands do not have equal value. Position is important. I want to be on the button and get to act last on every round. I think getting to play on the button is worth the extra 0.007 big blind bet per hand for that round.
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