After examination
After examination, this advice may not be as bad as I originally thought, but I am still greatly troubled by the line that you will often be folding premium pairs against many opponents if you don't improve on 4th. You mine as well just stop playing these hands.
Also, his example about the Js up hand he played at Foxwoods is completely unhelpful. It is not representative of actual trends or a range of actual hands or anything. It is simply one hand the guy played and finished 4th out of 5 with Js up.
Mike
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