Re: AA in mutliway pot theory
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So, why is it, that on page 22 of HEPFAP, 2nd paragraph, it says that AA loses value as it becomes multiway?
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Wow, I didn't even notice it said that until you brought it up, and I've read it over a dozen times.
Anyway, I hate it when authors use that "lose value" wording without more explanation because it leads exactly to the misconception you described; AA gains EV with every caller whether they have smaller pocket pairs or random junk.
When people say "lose value" what they really mean is "become less likely to win unimproved and harder to play postflop because you won't know exactly what draws are out against you". Or that's what they should be saying, anyway, especially since six-handed pots are usually caused by bad players with trash.
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