Question re: EV allins in the first hour of a live tournament

[sirio11]

[ QUOTE ]
Paul Phillips' first comment:
"I've said I'll take ANY edge (or even ANY COIN FLIP) early,

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Keyword: ANY

And I'm pretty sure most posters here agree with Paul.

[Exitonly]

he'll take a coinflip, but he's not taking it w/ 1:1 odds.

[fnurt]

Yes, of course, but I repeat, these statements never come up in the context of a 51% edge. The point is that they don't feel like drawing a line and saying "54% is good enough, but I'd pass on 53%," particularly because you can never quantify decisions that tightly anyway. But the only situations where a 51% edge actually gets discussed are completely theoretical ones like "he flips over his cards and he has XX, what do you do?"

Arguing about whether you should take a 51% or 52% or whatever edge is a pointless hair-splitting exercise. The reason it is pointless is that the "fold AA" posts and the like are NEVER CLOSE DECISIONS! So yeah, after about 10 people say "don't fold AA," someone will say "ok, but for the sake of argument, what if you know you have a 51% edge..."

[sirio11]

[ QUOTE ]
he'll take a coinflip, but he's not taking it w/ 1:1 odds.

[/ QUOTE ]

Oh yes, by coin flip he means a true coinflip.

quoting Paul P.

[ QUOTE ]
I've already said many times that I'll take any non-negative edge on the first hand of a tournament, including a true coin flip (you move in blind in the SB, I call blind in the BB.) That's not just an abstraction of this point: I mean it.


[/ QUOTE ]

[sirio11]

Agreed.

For some nerdy reason, I'm interested in this theoretically.

[SossMan]

[ QUOTE ]
[ QUOTE ]
he'll take a coinflip, but he's not taking it w/ 1:1 odds.

[/ QUOTE ]

Oh yes, by coin flip he means a true coinflip.

quoting Paul P.

[ QUOTE ]
I've already said many times that I'll take any non-negative edge on the first hand of a tournament, including a true coin flip (you move in blind in the SB, I call blind in the BB.) That's not just an abstraction of this point: I mean it.


[/ QUOTE ]

[/ QUOTE ]

I'm pretty sure most players here don't agree w/ Paul on that point and I'm also pretty sure that most players on here don't have time worth as much as PP's.

We need to distinguish between $EV (taking one's time into consideration) and tourney$EV (i.e. maximizing one's EV in *this* tournament). I'm sure if you pressed PP about the issue, he wouldn't take a 'true coin flip' if he was trying to maximize his tourney$EV. I bet he also wouldn't think twice about taking TT v. AKo in a BvB situation on hand 1 of the WSOP.

[Exitonly]

[ QUOTE ]
[ QUOTE ]
he'll take a coinflip, but he's not taking it w/ 1:1 odds.

[/ QUOTE ]

Oh yes, by coin flip he means a true coinflip.

quoting Paul P.

[ QUOTE ]
I've already said many times that I'll take any non-negative edge on the first hand of a tournament, including a true coin flip (you move in blind in the SB, I call blind in the BB.) That's not just an abstraction of this point: I mean it.


[/ QUOTE ]

[/ QUOTE ]


Wow, that's pretty ridiculous, and like Soss said i don't think most posters here would agree with that.

[Double Eagle]

Did Punxsutawney Phil see his shadow again today?

Me vs GambleAB

PokerStars No-Limit Hold'em Tourney, Big Blind is t20 (8 handed) converter

UTG (t3120)
UTG+1 (t1460)
MP1 (t3100)
MP2 (t2860)
CO (t2830)
Button (t6240)
Hero (t1500)
BB (t4390)

Preflop: Hero is SB with K[img]/images/graemlins/spade.gif[/img], K[img]/images/graemlins/diamond.gif[/img].
UTG calls t20, <font color="#666666">1 fold</font>, <font color="#CC3333">MP1 raises to t3100</font>, <font color="#666666">3 folds</font>, Hero calls t1490 (All-In), <font color="#666666">1 fold</font>, UTG calls t3080.

Flop: (t7720) 7[img]/images/graemlins/club.gif[/img], 6[img]/images/graemlins/heart.gif[/img], Q[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(3 players, 1 all-in)</font>

Turn: (t7720) 5[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(3 players, 1 all-in)</font>

River: (t7720) 9[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(3 players, 1 all-in)</font>

Final Pot: t7720



irony baby.

[fnurt]

[ QUOTE ]
Agreed.

For some nerdy reason, I'm interested in this theoretically.

[/ QUOTE ]

Theoretically speaking, you should be careful about taking poker advice from people who don't need the money. [img]/images/graemlins/smile.gif[/img]