"Doing Business" question

[Durs522]

I was recently at a club for the first time and players were "doing business" when one player was all in and heads up. I had never heard of this before so I declined when I was offered. What are the pros and cons of doing business? Sometimes it would be 2 or 3 whole boards, or 2-3 turns or rivers. Any advice about this would be really appreciated, I'm pretty lost here.

Durs

[Jeffage]

It is simply a deal between players to reduce variance when all the money goes in on what turns out to be a close gamble.

Jeff

I believe another term for this is to "run it".

I actually heard of this for the first time last week. I had pocket kings and pushed all in on the flop. My opponent had a flush draw, he asked if i wanted to "run it".

1st run: he makes his flush
2nd run: I get a king on the river.
3rd run: i get another king on the river.

I won 2/3 of the pot. not bad considering i was all in and he would have won with his flush had i not agreed to "run it"

[otnemem]

[ QUOTE ]
I believe another term for this is to "run it".

I actually heard of this for the first time last week. I had pocket kings and pushed all in on the flop. My opponent had a flush draw, he asked if i wanted to "run it".

1st run: he makes his flush
2nd run: I get a king on the river.
3rd run: i get another king on the river.

I won 2/3 of the pot. not bad considering i was all in and he would have won with his flush had i not agreed to "run it"

[/ QUOTE ]

Not to be nit-picky, but it's actually "run it twice" or "run it three times," etc, not just "running it."

[ QUOTE ]
[ QUOTE ]
I believe another term for this is to "run it".

I actually heard of this for the first time last week. I had pocket kings and pushed all in on the flop. My opponent had a flush draw, he asked if i wanted to "run it".

1st run: he makes his flush
2nd run: I get a king on the river.
3rd run: i get another king on the river.

I won 2/3 of the pot. not bad considering i was all in and he would have won with his flush had i not agreed to "run it"

[/ QUOTE ]

Not to be nit-picky, but it's actually "run it twice" or "run it three times," etc, not just "running it."

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Like I said in the post, it was the first time i heard it and I was asked if I wanted to "run it", I guess in the room I played at, it's a standard run 3 times.

[arod15]

I posted this a while back search it. Its just makes the long run longer. Its for people who are involved in a massive pot and dont want to loose. I run it 3 times. And im all for it. It lowers varience.....

[MaxPower]

I heard Barry Greenstein say somewhere that he never does it because he wants people to think that when they call all-in they are risking all their money.

[Durs522]

Is there etiquette to it? Is it like chopping where if you are going to do it you should always do it regardless of the cards?

Durs

[TakeMeToTheRiver]

[ QUOTE ]
Is there etiquette to it? Is it like chopping where if you are going to do it you should always do it regardless of the cards?

Durs

[/ QUOTE ]

I don't think so. Doing business is very different than chopping the blinds. There is no need for consistency/etiquette and it is unlikely to happen to the same two players more than once in a session.

I don't think I have ever offered to do business and I have only accepted the offer a couple of times. It is to allow you (and your opponent) to reduce variance when that variance can have a significant effect on your (and/or your opponent's) stack/bankroll. It is very dependent on your cards and your opponents.

[bravos1]

Will all rooms honor doing business, or are there some rooms which do not allow this?