Re: Chip Value first hand of a tournament
[ QUOTE ]
The experts (Sklansky and Raymer, two of the most notable) state quite simply that YOU cannot pass up a 10% edge in this situation. Ever. Period.
[/ QUOTE ]
I don't know where Sklansky said this, but IIRC, in his tournament book, he explained that more skilled players shouldn't push small edges early in a tournament because it deprives them of the chance to get there chips in with a bigger edge later in the tourney. By calling off all your chips as a 55:45 favorite in your example, you deprive yourself of the chance to get your chips in in more favorable situations and to outplay your opponents by winning pots without showdowns later in the tourney every time you lose (which will happen 45 out of 100 times). In contrast, the upside if you win, 1000 chips, is relatively meaningless when there are 1,000,000 chips in play. Sure its nicer to have 2000 than 1000, but you still need to amass many more chips to even make the money, and 1,998,000 more to win.
|