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If so I think I would not only be out $150 but also another $29 to the bank for it bouncing.
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So basically you need to figure out your check-cashing equity along with your pot odds (implied and otherwise) of hitting your hand/pay-out. Simple calculation once you figure out the odds of the bounce happening.
Barron Vangor Toth
www.BarronVangorToth.com
Note: in all seriousness, I don't think it's right to cash the check.