Re: Mathematical explanation of having advantage with big stack
If you are talking about a cash game then the big stack has no advantage.
If you are talking about a NL tournament then a big stack does indeed have a big advantage, namely the threat of forcing an opponent to play for all his chips (and thus risk elimination). Thus a big stack usually has alot more fold equity to his bets.
Cash games I am assuming that $1 = $1
this is not always the case (why??? do you ask?)
Simple, if you are very poor and scrap together $1,000 to play in buy in NL cash game and I am a multi-billionaire having kicks and I buy in for $10,000 your 1K means alot more to me than my 10K.
The relative value of money changes depending on how much you have, something to consider.
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