Quote:
Originally Posted by Bob148
Some think that gto = breakeven is the goal.
Good point. I agree and I also used to believe this misconception. Also the term "playing GTO" is heavily misused when it often means "attempting to play at equilibrium".
Let's pretend you're playing at the equilibrium. This doesn't prevent players from making huge mistakes and "giving" you EV; "worse" players will lose more vs a GTO opponent than "better" players (even though this GTO player is still not deviating from equilibrium).
A player who deviates from equilibrium to exploit these worse players "making mistakes" will win more than a player who does not deviate from equilibrium, but this does not mean that the GTO player will be breaking even.
In other words, when playing versus a player at equilibrium, certain strategies will lose more or less than other strategies.
An easy way to see this is imagine if you're heads up vs an opponent who folds 100% of hands preflop, or a player who folds everything on all rivers except the nut low which he calls, or a player who constructs his preflop range by folding 88+, JTs+, JTo+ and then opens everything else. The GTO player never deviates from equilibrium but these bad strategies are going to lose more or less than other strategies; therefore the GTO strategy is not a guarantee to break even.