Re: The kind of calls you need to make at the $215s....
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Level of thinking:
Nick knows curtains will be stealing with a huge range here. So he should call.
Curtains knows that nick knows he will be stealing with a huge range here, so he tightens up his pushing standards.
In turn, nick knows this and recongizes he needs a much higher calling requirement.
Curtains knows this and goes back to loose pushing standards.
It could go on forever....
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Which is exactly why we say that ICM-based bubble strategy is unexploitable . . .
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