[benfranklin]

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theres a chart that talks about how your survival rate goes down every time you have pocket aces and some one has kings .... isnt each encounter independent from one another

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Each trial is individually independent, but if even if you have the edge, the more times you play a given situation, the more likely you are to bust out.

AA beats KK about 80% of the time. If you go all in with a 80/20 edge, you will bust out 20% of the time. If you go all in twice with a 80/20 edge each time, you will bust out 36% of the time. Three times, you are down to about 50%.

What are the odds of flipping a coin and getting heads twice? Heads is 50% the first flip, so half the time you are out on the first flip. If you flip a head the 1st time, the second flip will be a tail 50% of the time. So you flip 2 heads 25% of the time, even though each flip is independently a 50/50 shot.