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Think of it this way:

We have at least 10% equity. We are putting in just one extra small bet than calling. Putting in 33% of the money with 10% equity. [33%-10%*1sb]
So we are investing only ~(.2) of a small bet extra, possibly .4 if capped. If he {or SB} caps 90% of the time, it costs us on average (.38) small bets more.



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This stuff usually makes my head spin but I don't get this .2 figure at all.

We're putting in 1/3 of the money, so every 1sb from us results in an extra 3sb in the pot.

With 10% equity our share of this extra money is .3sb so we lose .7sb for every extra bet, no?


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