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You are correct that I can't make those reads however you are incorrect and missing the whole theory behind Giga's call in this hand, and how it differs from accepted tournament theory.

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At higher levels one can make "weird" -- tricky -- plays because the opposition is capable of folding. At most levels but the highest, players just cannot fold.

When a crafty and loose preflop player calls UTG's raise on the button with a hand like 65o, it's not because HIS hand is 65o, it's because his opponent's hand is AA|KK|AK.

This play has nothing to do with "the increasing/decreasing marginal utility of chips." The players you mention might not even disagree with Sklansky in that regard.

It's all about image, control, and reads for these players.