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#1
05-04-2005, 11:51 AM
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\"Doing Business\" at poker rooms
I was at a room in NYC the other day. There was a huge pot in the middle but before they flipped a guys told the other guy "Do you want to do business?" The other guy said well i have the straight so i dont know the other guy flips over two pair with one card to go. THe guy agreed to "Do buisnes" so the fliped the river the guy boated up. Then they did another river which was a blank and another river which was a blank. So the guy with the striaght, won 2out3 pots and won 2/3 of the pot. Is this common? Is it worth it EV wise?
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#2
05-04-2005, 11:58 AM
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Re: \"Doing Business\" at poker rooms
It reduces variance and does not change EV.
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#3
05-04-2005, 12:03 PM
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Re: \"Doing Business\" at poker rooms
Ive never heard of this practice. Basically agreeing to chop a pot mid-way through a hand? Whether it is +EV or not obviously depends on your hand and your friend's hand. Whether it is ethical is a different story--this strikes me as a practice that should be strictly prohibited. It is no different from softplaying a friend. Consider this: how would you feel as one of the other players at the table who had contributed preflop and on the flop to making this pot enormous?
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#4
05-04-2005, 12:07 PM
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Re: \"Doing Business\" at poker rooms
You've never heard of running it twice? This happens all the time in big games. Obviously, everyone prefers lower variance (as pointed out by a previous poster).
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#5
05-04-2005, 12:20 PM
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Re: \"Doing Business\" at poker rooms
In this situation they ran it three times. And for each winner he got 1/3. It worked out well for the guy with the striaght since he would have lost if he had not done this instead he won 2/3 of the pot.
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#6
05-04-2005, 12:28 PM
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Re: \"Doing Business\" at poker rooms
Interesting. Never knew what it "running it twice" meant.
1. Do they put the first river cards back in the deck when they "run it again"? 2. Is this an option at all higher stakes games - or does it vary by casino?
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#7
05-04-2005, 12:34 PM
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Re: \"Doing Business\" at poker rooms
[ QUOTE ]
In this situation they ran it three times. And for each winner he got 1/3. It worked out well for the guy with the striaght since he would have lost if he had not done this instead he won 2/3 of the pot. [/ QUOTE ] I would have thought it was best 2 out of 3 won the whole pot. They split it though, huh?
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#8
05-04-2005, 12:41 PM
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Re: \"Doing Business\" at poker rooms
If you were playing 5/5 at NYPC I'd say it is common practice with many of the players. I'd never heard of it before playing that game at that room.
Personally I think it's retarded, but whatever.
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#10
05-04-2005, 01:02 PM
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Re: \"Doing Business\" at poker rooms
Retarded you say? Ask our own Satelliter and he may disagree with you. He was involved in a huge pot limit omaha pot, he flopped Jacks full of eights, his oppenent had 8s full of Jacks. He offered to do business. We all thought he was crazy, his opponent was drawing dead to an 8. They agreed and guess what card came on the turn? He locked up 2/3rds of the pot and avoided a monster suck out.
If the money in the middle is more than you are comfortable losing, than not doing business is retarded.
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