Quote:
Originally Posted by Munga30
Posting a blind in the CO doesn't cost the full value of the blind. We have an expectation in the hand dealt. Posting the kill and leaving the table without seeing your cards costs the full value.
You also have to calculate the cost of the rake too. So it's not just posting the blind but also the 5-6 dollars you pay in rake. It's hard to make up a 1BB~ handicap on winning the hand. Again, I'm not folding this hand, just saying that it's not crazy to fold AJo.
Quote:
Originally Posted by hardinthepaint
I think it is easy to overestimate the EV cost of having to post the kill. Yes, the pot you win is 0.75BB smaller than it would be, but you have to add back in that you get to put the money in live so it's not truly a .75 BB loss, it is some fraction of that. Someone can probably calculate the true EV cost (in a vacuum) of posting the kill, but then you also need to adjust for the fact that the greater your edge in the game, the less of an EV hit you take from having to post a blind, especially in a relatively good position. Add in the fact that many players poorly adjust to kill pots, and it's just not that bad IMO.
Of course, I think it is still appropriate to tighten up with the leg up, but I'd only cut out the really marginal stuff.
I totally agree with you. My point was that a slam dunk raise turns into a marginal-ish spot. And like I said above you also have to consider the "normal" rake. I think it would be really interesting to see what the "proper" strategy would be for playing kill pots. I have seen people say that we should tighten up really significantly in kill pots but have also seen really good players play even looser in leg up situations in hopes of getting people out of their comfort zone.
At the 4-8 level this doesn't really matter anyway. Chances are that the rake is too high for most people to win at live 4-8 (though experts will do much better than most). When you get to the 20/40 or 40/80 half-kill at the Bike or 25/50 full kill at Hustler then the pressure and increased variance of the kill pot does start to factor into people's decisions. I think the people that come play lower and go after the kill pots aggressively can make up for their general looseness in other areas by trying to increase the variance.
I go back and forth on kill pots. I generally like games without them better, but the kill games I've played in have generally been fantastic. A lot of people will play to try to get a streak of kill pots going, and there are chances for very high EV situations.