Re: Hypothetical situation
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This is a good post!
One thing it depends on is whether you are the best player in the game (or one of the better players). If you are not you would take the 65% chance to double up every time.
However, assuming you are one of the better players you should avoid close gambles early on (this is David S's advice in his book on tournament poker). However, David does not elaborate on what percentage chance to win a close gamble is. I would be inclined to call in this situation. I think 65% is too much to give up.
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Thank god someone actually thought about this and didnt just say "i call, youre stupid!"
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How on earth can you pass up a 65/35 edge in a game where its pretty obvious that you aren't in the top 5% of the field?
Don't you realize the power of having twice as many chips as anyone at your table, even if it is just at the start of the tournament?
Greg Raymer said that no good player will knowingly pass up a 60/40 opportunity, and I'm going to have to agree with him.
If you do this, you're going to get run over.
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