Re: Chip EV, Cash EV, and \"Flexibility\": a Possibly Naive Question
This is something I think about a lot. I started a thread a while back about it, but it did not really go anywhere.
Stack size definitely affords you more options, and I think that definitely translates into higher cashing EV than just a straight chip count model gives you. I think the greater variace in stack sizes amongst the other player influences the cashing bonus of your stack size.
One minor nit, options don't go up proportionally, they go up considerably less due to the exponentional nature of bets in NL. (That would suggest some sort of log function, but it is even less than that because your options are limited by your opponents' stack sizes. It does no good to have 100BB in a hand against someone with 7BB, since the hand will be entirely played pre flop except possibly in blind situations).
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