Re: Poker Theory Question
Well, I simulated a lot of hands, and got a surprising (to me) answer. It's darn hard to beat the strategy of calling on any pair or any hand with an Ace. If your chips get down so you can only afford to fold ten or fewer hands then you should loosen up a bit (in the extreme, with your last bet in the pot, you call with anything of course), but doing that doesn't change your odds much assuming you start with enough chips to fold at least 30 hands.
You win about 90% of the time with this strategy, as long as you start with a reasonable stake relative to the antes/blinds. Even with an infinite stake (no antes or blinds) you can't be 100% sure of winning. You'd call only with A A, but sometimes that loses to a random hand.
There are smarter strategies, but they don't seem to do much better.
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