Re: Rebuy and Stack Size Strategy? --> good M but poor Q
You are correct in that Dan said that "M" was the dominant force and that "Q" is often an unnecessary and non-useful measure. Where "Q" comes into play is in satellites, not so much in regular tournaments.
Now, your use of "Q" for deciding when to take a coin flip is not necessarily a bad application. But let's imagine a situation where your "Q" was .5 but your "M" is 40. That's not unusual in a deepstack tournament. Blinds are 50/100, you've got a stack of 4,000 and the average is 8,000. Would you take a coin flip (and when I say coin flip I mean any situation where you're getting even odds)? I wouldn't. I have more than enough chips to play. I won't pass up a +EV spot but if I'm a 55/45 dog getting 1.2 to 1 odds I really don't need to take that risk. So even in that situation, "M" (along with EV calculations and other factors) is the determining factor, not "Q".
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