Quote:
Originally Posted by AsianNit
You're doing it wrong. Waiting for the BB should be taken as EV=0. You're not playing any hands, so you neither win nor lose.
You're right that I did it wrong, but you're wrong for the reason Jon Locke pointed out - waiting costs you money if you're a winner. So waiting for the BB is EV 0, WR < WR(0). (8) should be added to the buy scenario and not in the natural scenario. And the natural scenario should not have BB and SB included.
The bottom line is that in LHE it doesn't matter much from an EV perspective whether you buy or post behind if you are forced to choose between the two. From a WR perspective, most people prefer to play so pick the one that puts the cards in front of them faster. The deltaEV of playing in position is offset by the loss of EV(BTN).
And if you have to piss and miss a (LHE) hand, leave after you fold UTG+1 and miss your UTG hand so that you play your natural BB, because missing your natural BB forces you to buy, post, or wait, each of which is bad.